In the latest Weekly Bits podcast, editor Peter Chawaga asks writer and podcaster David Hollerith about his article on the WTV darknet market takedown, balancing blockchain forensics and privacy and working with pseudonymous sources.


Darknet Markets Can’t Live With — or Without — Bitcoin
by Dave Hollerith

Earlier this month, the United States Department of Justice (DOJ) announced the seizure and takedown of Welcome to Video (WTV), one of the largest darknet marketplaces for child pornography in the world. The website was accessed through Tor Hidden services (.onion) and transacted a total of $353,000 entirely in bitcoin from 2015 to 2018. 
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Bitcoin Fundementals
The price of Bitcoin is down 2.5 on the day, and is up over 30% on the week after a historic run to kick off last weekend.
The Bitcoin hash rate, after previously reaching an all-time-high, has fallen to 90.52 EH/s. It is up over 8% over the last 60 days. 

Tweet of the Week
Bitcoin 2020 Conference, of which we are a partner of, recently announced legendary skateboarder Tony Hawk as a new Speaker! A lot of bitcoiners might remember the infamous tweet in which Tony revealed he had been HODLing bitcoin for six years!
Rabbit Hole Read Of The Week

This week's Rabbit Hole Read is "Research paper: A model for Bitcoin’s security and the declining block subsidy." This paper was written by Hasu, James Prestwich and Brandon Curtis, and it covers the economics of Bitcoin mining, the declining block subsidy, and challenges that Bitcoin might end up facing in the future.

In regards to writing this paper, Hasu said on Twitter "This journey challenged everything I thought I knew about the economics of mining and Bitcoin in general."
 
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