HIGHLY POTENT NEWS THAT MIGHT CHANGE YOUR VIEWS

Meet Darkleaks, a Bitcoin-Powered Black Market for Secrets

by (@GCaffyn)
Coindesk
Published on February 3, 2015 at 14:50 GMT

A new black market for secrets that rewards informants with bitcoin has been announced this week.

Darkleaks, masterminded by members of crypto-anarchist collective unSystem, will let users sell leaked data in an anonymous, trustless environment powered by bitcoin’s blockchain.

Amir Taaki, the project’s systems developer, told CoinDesk that platforms like this provide a financial incentive for insiders to reveal information in the public interest, thereby “devaluing business models based around proprietary secrecy”.

History of radical schemes

The unSystem team has divided opinion with radical projects like the anonymous Dark Wallet, due for release soon, and Dark Market, a P2P eBay-style platform designed to run outside government control.

Darkleaks, which Taaki said has been in development “on and off for many months”, builds on another proof-of-concept from his team, PayPub, revealed last May.

Unlike Silk Road’s moderated marketplace model, which has proved vulnerable to law enforcement, there are no third parties on Darkleaks who can weigh in on disagreements between sellers and buyers. In fact, buyers and sellers cannot communicate at all.

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