The FBI Wants Zero Privacy Security, Bitcoin Community Should Protect its Freedoms

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For security agencies like the FBI there is no difference between Bitcoin and Monero regarding their use in the crypto market or the dark web, says Bitcoin Core Developer and Advisor to Coinkite, Peter Todd, to CoinTelegraph. All they want is “zero security systems with zero privacy.” Todd explains: “I will even word that a little differently: these people will only be happy when we have zero privacy security. Good security should give you good privacy – they’re not separate concepts.” European Drug Report 2016 on Bitcoin and Tor Todd’s view comes in the wake of a report by the European Monitoring Centre for Drugs and Drug Addiction saying that the anonymous use of Bitcoin and other cryptocurrencies allows for the purchasing of illegal items such as drugs or weapons. However, the payment may be traced and lead to criminal charges. Thus, a range of strategies are used to hide users’ identities and conceal the physical locations of servers. The report states: “These include anonymisation services such as Tor (The Onion Router) which hide a computer’s IP address when accessing the site; decentralised and relatively untraceable cryptocurrencies, such as Bitcoin and Litecoin, for making payments; and encrypted communication between market …

Teenager Jailed for Selling €4 Million Worth of Drugs on the Dark Net

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Dubbed by German newspapers as the “Bedroom Dealer,” Maximilian S. was an aspiring drug kingpin who ran an entire operation for two years out of his mother’s flat. Having sold a mixed bag of tablets, hashish and LSD (valued at around €4 Million) for bitcoin across the dark web under the screen name Shiny Flakes, Maximilian was finally caught when a neighbor illegally went through a package waiting on Maximilian’s doorstep. According to Norbert Goebel, the presiding judge at the Saxony state high court in Leipzig, the teen had been engaging in “highly criminal activity” since 2013, and facilitated the movement of “almost a ton of narcotics.” Upon raiding Maximilian’s house in Leipzig last February, the police found an assortment of drugs weighing around 300 kilograms, along with €48,000 in cash. The Bedroom Dealer’s one-man operation had been one of the most sophisticated in its nature. He had rented servers in Netherlands, used a group of IP addresses throughout Germany, and even opened multiple bank accounts under fake IDs to channel his profits through. During trial, a psychiatric evaluation of Maximilian showed that he had signs of “disturbed social behavior”, lacking emotional security. His 48-year-old mother, who was not allowed …