Darkcoin the Preferred Currency for Online Drug Trade
By now most people in the world are familiar with Bitcoin, the digital crypto-currency that serves as an alternative currency for digital financial transactions. Although still plagued with privacy issues and a few notable heists, Bitcoin is still going strong and used all over the web, including in-app purchases and smartphone “wallets.” But a new rival crypto-currency came on the scene in April of this year that may give Bitcoin a run for its digital money.
Darkcoin launched with a primary benefit over its rival; a greater level of anonymity for its users based on combining all transactions on the network, making it harder to trace to an individual. The level of success any crypto or alternative currency has is based on how well it covers its tracks and is, of course, always adopted by the black market and drug dealers first. In its first month of digital, viral life, Darkcoin hit almost $30 million in total value, thanks to a system designed to reward users who served as nodes of exchange for the rest of the economy.
Basically, if you allow your operating system to be a “master node” for these group-coordinated transactions, you get 10% of all new coins added to the network. Darkcoin has become the primary currency of trade on deep web drug trading sites like Nucleus and Diabolus and threatens to gain popularity exponentially over the coming months. Experts argue that the test of any crypto-currency’s success is how quickly and reliably it’s adopted by the drug market and with the popularity of Darkcoin on these TOR sites, it’s considered a vote of confidence.
While the world gets increasingly complex in the Digital Age and the drug market is booming worldwide, it becomes an ever more riskier and dangerous place for those of us prone to substance abuse.
Government regulation and banking wars can’t protect us from the slippery slope. It’s up to us to look out for one another and keep our friends and family members away from unhealthy behaviors and addictions.