• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
  • Play Finance
Breaking News: Crypto Giant Binance In Hot Water: CEO Responds To Trading Violation Claims
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
  • Play Finance
Bitcoinist.com
No Result
View All Result
Breaking News: Crypto Giant Binance In Hot Water: CEO Responds To Trading Violation Claims
Advertisement

Agora Shutdown Shows Need for More Decentralization

Trevor Hill by Trevor Hill
8 years ago
in Bitcoin, Bitcoin Politics, Bitcoin Regulation, Bitcoin Security, Bitcoin Service, Bitcoin Technology, Blockchain, Companies, Emerging Markets, Markets and Prices, News, News teaser, Online Privacy, Services, Technology, Trending
0
Advertisement
Advertisement

On August 25, 2015, Agora announced that it would go offline as the result of “suspicious activity,” which it believed to be attempts at breaking through their security protections. The online drug market uses the anonymous communication software, Tor, to protect its servers and customers from third-party, and more specifically, government snooping. Tor works through a decentralized network of volunteer computers that encrypts user’s data and IP’s with an extensive series of relays.

Also read: Silk Road Shutdown Only Temporarily Stifled Online Drug Sales

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!

screen-shot-2013-10-02-at-1-20-59-pmAccording to Agora administrators, the marketplace needs this hiatus so the team has a chance to implement software updates to better protect the site. And at this point, Agora does not have solutions ready, making it unsafe for its users to continue operations.  The question remains for why the administrators now believe that current threats are legitimate enough to break through the protections that Tor offers. After all, Tor is renowned and currently unchallenged in terms of the success it has had in protecting people’s internet privacy. Both critics and advocates alike recognize the abilities of the program, with even the NSA characterizing it as the “King of high-secure, low-latency Internet anonymity” with “no contenders for the throne in waiting.” However, it’s likely that it is a response to a paper that was published in July, 2015 by a group of researchers from MIT and Qatar University. 

The Paper proposed a new method dubbed “finger-printing” that would allow Tor services to be identified with 88% accuracy. The Tor Project responded to the research paper by explaining how difficult the method would be to implement because of the amount of resources that would be needed. It would require controlling large portions of the network, which can only be done by acquiring many of the nodes or privately owned computers that make up the network. Despite the Tor Project’s assurance that such a method would be impractical, Agora admins are not quite convinced, writing:

“Most of the new and previously known methods do require substantial resources to be executed, but the new research shows that the amount of resources could be much lower than expected, and in our case we do believe we have interested parties who possess such resources.”

Agora also likely decided to shut down because of the history of online drug markets being terminated by law enforcement agencies by seizing their servers. Probably the most well known example is that of Silk Road. Before being shut down by the FBI in 2013, Silk Road was one of the largest online drug markets in the world, with an estimated $15 million in transactions made daily and over $1.2 billion generated in revenue over its entire 2-year lifespan. Despite Silk Road’s use of Tor, its real IP was ultimately found and the server subsequently shut down. Although the FBI claimed it found the server’s real IP from data leaked through the site’s CAPTCHA, security researchers believe the site’s login page was manipulated during site maintenance to show the server’s real IP.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

OpenBazaarAlthough Agora’s preemptive decision to shut down could be considered an improvement — learning from mistakes of previous marketplaces — recognition and reaction time isn’t really the problem, nor the cause, of such seizures. Therefore, simply identifying possible government activities sooner cannot necessarily stop such seizures from occurring. The primary cause of such governmental seizures comes from reliance on centralized institutions and databases.

Centralized institutions are the fatal flaw in privacy protection among many industries and markets. The reason is simple enough; centralized servers allow for a single point of failure, where the entire system stops working if those servers go offline. Those centralized institutions are the starting and stopping point, they consolidate all operational control to a central point.

Thus, if the problem is centralization then it necessarily follows that decentralization is the solution. It also just so happens that the idea of  decentralized online drug markets is, with people beginning to recognize them as the solution to these problems.

One specific example of this is OpenBazaar. OpenBazaar is a proposed system that operates on a decentralized network, where anyone with a computer can act as a server to help facilitate exchanges. In essence, instead of having one server base, everyone engaging in the market makes up a single part of one system. Acting in cooperation with one another, millions of individuals become the mainframe of the network. The system is modular, meaning that it can adapt to any changes — allowing anyone to join or leave at any time without having any substantial effects on the performance of the system. Possibly the most interesting aspect of OpenBazaar is how it employs blockchain technology. Instead of just using it to send and receive currency, it allows for other data to be injected into blocks such as usernames so that no one can impersonate anyone else.

On another note, the persistence of online black markets to continue operations even after concerted efforts to shut them down only acts as further evidence of the failure of the war on drugs. Despite a recent uptick in crack downs on online drug marketplaces, such efforts have increasingly led to what has become only temporary setbacks for the online drug markets. Global operations are discovered and shut down only to be replaced by even larger ones, where even more people engage in illicit drug exchanges than before. Whether law enforcement agencies begin to see the futility of their efforts or not, in any case they will continue to waste resources on a doomed struggle counter-intuitive to its own end until eventually society takes them out of the equation entirely.

What do you think of Agora’s decision to go offline? Let us know in the comments below!


 

Sources: Wired, Motherboard.vice.com

Images: 1,2,3

The opinions expressed in this article do not necessarily reflect those of Bitcoinist.net.

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Trevor Hill

Trevor Hill

Trevor is a writer at Bitcoinist. He is currently attending his first year at the University of Wisconsin-Fox Valley, with a selected major in Economics. Subscribes to the Austrian school of economics.

Related Posts

Bitcoin

Bitcoin Open Interest Shoots Up With Price Rise, Long Squeeze Brewing?

6 hours ago
Tezos Mumbai update

Tezos Activates Mumbai, Introduces Smart Rollups

7 hours ago
Bitcoin

Bitcoin: Why This Is The Best Time To Buy The Crypto, According To R. Kiyosaki

13 hours ago
bitcoin inflation

This Chart Says Bitcoin Is A Leading Indicator For Inflation

21 hours ago
Bitcoin exchange balances

Bitcoin Reclaims $28,000 As BTC Balances On Exchanges Fall

1 day ago
Bitcoin

Bitcoin On-Chain Data Shows No Signs Of FUD Among Binance Users

2 days ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Trending Projects

  • 5 Best Upcoming ICO List of March 2023

    1 week ago
  • Crypto Investment for Long term: 3 Coins to keep your eye...

    1 week ago
  • Cryptocurrency to invest in March 2023

    1 week ago

Top Casinos

BitStarz
BitStarz
Punt Casino
Punt Casino
mBit
mBit
1xBit
1xBit
UU.Game
UU.Game
K8
K8

Press Releases

  • Cryptocurrency News: Analyst’s Top 3 Picks: Polygon...

    2 hours ago
  • The 5 Best Cryptos under $1

    2 hours ago
  • Volt Inu Announce that VoltiCard – A Prepaid Virtual...

    3 hours ago
  • Top Altcoins To Buy For April: Avalanche (AVAX), BNB (BNB)...

    3 hours ago
  • Ripple (XRP) and Nexo (NEXO) on the Rise as Orbeon Protocol...

    3 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
  • Play Finance

© 2022 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.