Black Market Cryptocurrencies: The rise of bitcoin alternatives that offer true anonymity

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Will Martin, Jun 13, 2014 - Business & Economics - 146 pages
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 Worldwide, 1.8 billion people earn their living in the black market. The black market accounts for 23% of the global GDP. The vast majority of the global black market is currently conducted in cash, but a new slate of anonymous cryptocurrencies offers to give greater speed and security to black market transactions. Darknet marketplaces like The Silk Road already conduct billions of dollars in transactions and growth looks likely to continue. Outside the black market people are becoming more concerned with their online privacy following Edward Snowden’s disclosures of invasive NSA surveillance. Bitcoin users are becoming aware that they are not truly anonymous and are turning their attention to anonymous cryptocurrencies. With finite supplies and growing demand, the valuation for these anonymous cryptocurrencies could skyrocket. The future looks bright for black market cryptocurrencies. 


Black Market Cryptocurrencies is the first and most comprehensive book published about the emerging space of anonymous currencies. The book starts with the global trends pushing up the valuation of these altcoins, including the growth of the global black market, countercyclicality of the black market and hedging ability of these currencies, and the rise of darknet marketplaces and online gambling. The book then looks at each of the major anonymous cryptocurrency contenders including Darkcoin (DRK), X11coin (XC), Fedoracoin (TIPS), Dark Wallet, Zerocoin/Zerocash, Anoncoin (ANC), Neutrino (NTR), Razorcoin (RZR), Cryptcoin (CRYPT), Safecoin (SAFE), Cloakcoin (CLOAK), Libertycoin (XLB), CryptoNote, Monero (XMR), Bytecoin (BCN), DuckNote (XDN), Fantomcoin (FCN), Quazarcoin (QCN), Boolberry (BBR), MonetaVerde (MCN), Aeon (AEON). The book finishes with methods of staying anonymous while using these cryptocurrencies and an analysis of who might win the race to become the worlds first widely-adopted anonymous cryptocurrency. 

For people wishing to purchase the book pseudoanonymously using bitcoins, it is for sale on willmartin.com
 

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Contents

Darknet Marketplaces
27
Inflation and Adoption
46
Bitcoin BTC
55
Darkcoin DRK
63
Fedoracoin TIPS
69
Monero XMR
99
Bytecoin BCN
100
DuckNote XDN
101
Fantomcoin FCN
102
Quazarcoin QCN
103
Boolberry BBR
104
MonetaVerde MCN
105
Aeon AEON
106
Staying Anonymous
107
Who Will Win?
129
Copyright

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About the author (2014)

Will Martin is an energy analyst and expert on peak oil and alternative currencies. He is an MBA graduate of Cornell University, where he was a Roy H. Park Leadership Fellow and concentrated on studying sustainability in business through the school's Center for Sustainable Global Enterprise. Prior to his MBA, Will worked in the energy industry, living in Singapore, Houston and Dubai. He currently works in the energy industry in California. Will is a recipient of the 2012 "Pioneer Award" from the Association for the Study of Peak Oil and Gas (ASPO-USA). Will blogs at willmartin.com and peakoilproof.com

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