Dark Wallet

Discussion in 'Bitcoin and Cryptocurrency' started by pumpingiron22, Jul 3, 2014.

  1. pumpingiron22

    pumpingiron22 Member AnabolicLab.com Supporter

    Dark Wallet’ Is About to Make Bitcoin Money Laundering Easier Than Ever
    From left, Cody Wilson and Amir Taaki. Photo: Julia Robinson/WIRED

    Government regulators around the world have spent the last year scrambling to prevent bitcoin from becoming the currency of choice for money launderers and black marketeers. Now their worst fears may be about to materialize in a single piece of software.

    On Thursday, a collective of politically radical coders that calls itself unSystem plans to release the first version of Dark Wallet: a bitcoin application designed to protect its users’ identities far more strongly than the partial privacy protections bitcoin offers in its current form. If the program works as promised, it could neuter impending bitcoin regulations that seek to tie individuals’ identities to bitcoin ownership. By encrypting and mixing together its users’ payments, Dark Wallet seeks to enable practically untraceable flows of money online that add new fuel to the Web’s burgeoning black markets.

    “This is a way of using bitcoin that mocks every attempt to sprinkle it with regulation,” says Cody Wilson, one of Dark Wallet’s two 26-year-old organizers. “It’s a way to say to the government ‘You’ve set yourself up to regulate bitcoin. Regulate this.’”

    Here’s a teaser video the group posted earlier last week ahead of the software’s release:

    Dark Wallet was conceived last summer by Wilson and Amir Taaki. Wilson first gained notoriety by creating the world’s first entirely 3D-printed gun; Taaki is an Iranian-British free-market anarchist and developer of high-profile bitcoin projects like the decentralized online marketplace prototype DarkMarket. Together theylaunched a crowdfunding campaign on Indiegogo in October that raised $50,000, along with tens of thousands more in bitcoin. The accompanying video promised what Wilson described as “a line in the sand” in the struggle over bitcoin’s political future. At a debate at New York’s Museum of Modern Art in March, Wilson described his intentions for Dark Wallet more directly: “It’s just money laundering software.”

    Despite those provocations, financial regulators have kept mum about the project. The New York Department of Financial Services, which held hearings about bitcoin in January and says it plans to create a “bitlicense” for some bitcoin-based businesses, didn’t respond to a request for comment. In a statement to WIRED, the Financial Crimes Enforcement Network wrote only that it’s “well aware of the many emerging technological efforts designed to subvert financial transparency. It’s certainly our business to be interested and vigilant with respect to any activities that may assist money laundering and other financial crimes.”

    Wilson’s and Taaki’s money-laundering app is politically incendiary, but it’s not necessarily illegal, and they argue that the code is protected by First Amendment safeguards on free speech. But Wilson states plainly that he intends Dark Wallet to be used for anonymous online black markets like the Silk Road, the bitcoin-based drug bazaar seized by the FBI in October. “I want a private means for black market transactions,” says Wilson, “whether they’re for non-prescribed medical inhalers, MDMA for drug enthusiasts, or weapons.”

    Nor does he deny that Dark Wallet might enable heinous crimes like child pornography, murder-for-hire, and terrorism. “Well, yes, bad things are going to happen on these marketplaces,” Wilson says. “Liberty is a dangerous thing.”

    But as dangerous as Wilson’s vision may be, Dark Wallet also fills a real need for privacy in the bitcoin economy. Despite its reputation as an anonymous currency, bitcoin transactions are in some ways nakedly public–even more so than those made with traditional money. Every bitcoin payment is recorded in the public ledger known as the blockchain, copied to thousands of users’ computers and checked to prevent forgery and fraud in the Bitcoin network. If bitcoiners don’t take special pains to anonymize their coins, all of their spending can potentially be traced back to their bitcoin addresses by any corporation or government agency that cares to look.

    BIGMESC Member

    I like they way they think.
    pumpingiron22 likes this.
  3. pumpingiron22

    pumpingiron22 Member AnabolicLab.com Supporter

    gr8whitetrukker likes this.
  4. pumpingiron22

    pumpingiron22 Member AnabolicLab.com Supporter

    Mr. Deltoid and Millard Baker like this.
  5. Millard Baker

    Millard Baker Member

    Hyper-Anonymising Bitcoin Service ‘Dark Wallet’

    Source: http://www.coindesk.com/hyper-anonymising-bitcoin-service-dark-wallet-launches-today/
  6. Millard Baker

    Millard Baker Member

    Interesting articles about the ultra-libertarian and anarchist co-founder of Dark Wallet, Cody Wilson:

    Source: Dark Wallet: A Radical Way to Bitcoin

    What was Wilson doing before Bitcoin?

    As a University of Texas law student in 2012, Wilson was playing with plastic guns using 3-D printers. The Bureau of Alcohol, Tobacco, and Firearms was not amused:

    Source: A Gun, a Printer, an Ideology
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  7. pumpingiron22

    pumpingiron22 Member AnabolicLab.com Supporter

    I read this article. Im infactuated with 3d printers. I have read up on this guy. I agree with our 2nd amendment. But I dont agree with the 3d printer gun. The 3d printer is available for everyone. One day it will be in every house hold. The part I fear is young children printing guns. And the cause and effect that could have.
    kawilt likes this.
  8. Millard Baker

    Millard Baker Member

    Dark Wallet co-founder Amir Taaka welcomes the use of Dark Wallet by terrorists such as ISIS:

    An unverified ISIS blog says the organization can't wait to get its hands on Dark Wallet:

    Source: http://www.bbc.com/news/technology-29283124

    BBC interview with Dark Wallet developer Amir Taaka:

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  9. Millard Baker

    Millard Baker Member

    Jamie Bartlett, the Director of the Centre for the Analysis of Social Media at Demos, explains Dark Wallet co-founder Taaki's radical libertarian world view:

    Mr. Deltoid and pumpingiron22 like this.
  10. pumpingiron22

    pumpingiron22 Member AnabolicLab.com Supporter

    Well this is very disappointing. That they would promote this. I tried darkwallet and it was still beta trial I lost money using it. The admin does not respond to complaints. I have a feeling that coins are being pocketed. As I have heard alot of people losing coins in transaction. I would urge people to stay away. There are better methods now at this point.
    HuckingFuge likes this.
  11. redrum720

    redrum720 Member AnabolicLab.com Supporter

    Wow makes me think they gonna fund terrorist if he is a radical anarchist shit is gonna hit the fan
  12. HuckingFuge

    HuckingFuge Member

    I think it is so funny how bitcoin is responsible for illegal things going on in the world. most illegal things are done in cash. politicians are so stupid. I need to educate myself more on bitcoin and the others. get me a big fat Dark Wallet too :D
  13. Mr. Deltoid

    Mr. Deltoid Member

    Man will always use tools for evil wether they be a knife,hammer or gun or be it software what we have to do to preserve freedom is resist the temptation to regulate or pass new laws to try and stop an evil action. The regulation/laws never stop or even slow down the evildoers among us they only serve to restrict the lives of the righteous law abiding citizens.
    HuckingFuge likes this.
  14. HuckingFuge

    HuckingFuge Member

    would be less crime if everything was legal.
  15. Mr. Deltoid

    Mr. Deltoid Member

    If you mean everything as in drugs I couldn't agree more I believe that adults should be able to buy and use whatever substances they wish I believe the government is criminal by trying to enforce drug laws it goes against our founding. The government is responsible for countless lives lost enforcing draconian drug laws that only serve to enrich their giant bureaucratic machine and the violent gangs who make it their business to supply the need. Have we learned nothing from prohibition?
    HuckingFuge likes this.
  16. xgunx

    xgunx Member

    Damn I never thought of that!!
  17. HuckingFuge

    HuckingFuge Member

    were is a the parental guidance? I'm more concerned by the lack of parental guidance than what some 3D printer can make. I don't care if the 3D printer can make an ICBM.
  18. Millard Baker

    Millard Baker Member

    New interview with Dark Wallet co-founder Amir Taaki published in Bitcoin Magazine on October 7, 2014:

    Source: http://bitcoinmagazine.com/17005/bi...g-interview-dark-wallet-front-man-amir-taaki/
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  19. Millard Baker

    Millard Baker Member

    So, everyone tends to focus on the uses of DarkWallet for money laundering and terrorism. But there are some excellent reasons why law-abiding businesses and consumers who use Bitcoin really need something like DarkWallet:

    Source: http://bitcoinmagazine.com/17114/go-ahead-peer-inside-darkwallet/
  20. Millard Baker

    Millard Baker Member

    Dark Wallet co-founder Cody Wilson's other project -- Defense Distributed -- gained notoriety for making plastic firearms with 3-D printers. Now, it is taking pre-orders for a new machine capable of manufacturing DIY metal firearms at home with 80% AR15 lower receivers.

    For $1299, you can buy the Ghost Gunner computer numerical control (CNC) milling machine that facilitates the manufacture of untraceable semi-automatic rifles with no serial numbers and no background check required.

    Source: http://www.wired.com/2014/10/cody-wilson-ghost-gunner/
    pumpingiron22 likes this.