Gwern's "Using Silk Road" is a riveting, fantastically detailed account of the theory and practice of Silk Road, a Tor-anonymized drugs-and-other-stuff marketplace where transactions are generally conducted with BitCoins. Gwern explains in clear language how the service solves many of the collective action problems inherent to running illicit marketplaces without exposing the buyers and sellers to legal repercussions and simultaneously minimizing ripoffs from either side. It's a tale of remix-servers, escrows, economics, and rational risk calculus -- and dope.
But as any kidnapper knows, you can communicate your demands easily enough, but how do you drop off the victim and grab the suitcase of cash without being nabbed? This has been a severe security problem forever. And bitcoins go a long way towards resolving it. So the additional security from use of Bitcoin is nontrivial. As it happened, I already had some bitcoins. (Typically, one buys bitcoins on an exchange like Mt.Gox; the era of easy profitable "mining" passed long ago.) Tor was a little more tricky, but on my Debian system, it required simply following the official install guide: apt-get install the Tor and Polipo programs, stick in the proper config file, and then install the Torbutton. Alternately, one could use the Tor browser bundle which packages up the Tor daemon, proxy, and a web browser all configured to work together; I’ve never used it but I have heard it is convenient. (I also usually set my Tor installation to be a Tor server as well - this gives me both more anonymity, speeds up my connections since the first hop/connection is unnecessary, and helps the Tor network & community by donating bandwidth.)
Using Silk Road
(via O'Reilly Radar)
Patrick Costello (previously) writes, "I had to go through a 25 hr EEG, but I didn't let the wires glued to my head stop me from posting my weekly frailing banjo workshop."
Yesterday, I saw a demo of the Homebiogas bioreactor: it's essentially an artificial stomach that uses colonies of microbes to digest your home food waste (it can do poop, too, but people tend to be squeamish about this), providing enough clean-burning biogas to cook your next meal, heat your house, or run a generator -- […]
A team at MIT’s Department of Mechanical Engineering and Department of Civil and Environmental Engineering have created a set of foldable, 3D printed robots that are doped with magnetic particles that are precisely aligned during printing; when triggered by a control-magnet they engage in precise movements: grabbing, jumping, rolling, squeezing, etc.
While it’s fun to watch Hollywood action heroes hack into cameras to spy on their targets, the thought of an actual cybercriminal using our own security devices against us is chilling for most. That’s what makes the iPM World HD 360 Degree 1080p Wireless IP Camera essential for anyone looking to deter digital and physical intruders […]
Spring came and went, but we’re not here to judge if you didn’t get around to cleaning up your living space. After all, taking the time to vacuum your floors can stretch out into a lengthy task when you’re constantly switching between power outlets and trying to jam your machine into those tight corners. With […]
Projects big and small always go smoother when the whole team is collaborating, but members tend to get lost once the conference call ends. Timelinr is a project management solution that helps keep your stakeholders, team, and clients in the loop with high-level project roadmaps and granular task boards. Subscriptions are available today for $49.99. […]