Suspended Sentence for Counterfeit Buyer (deepd.tw)

A 35-year-old from Sigmaringer, Germany ordered counterfeit 20-euro notes on the darknet and used the notes in local shops and stores. The court sentenced him to one year and three months on a suspended sentence. The man admitted that he had purchased and spent the counterfeits more than one year ago.
Police in Sigmaringer learned of the counterfeit notes after one of the defendant’s relatives used the note at a shop where…

Bitcoin

PSA: LN is not a set of channels between each pair of buyer and seller, it is a routed network

It seem to be a common confusion about Lightning Network that it works something along the lines of "I open a channel to a coffee shop with 10mBTC, send multiple txes paying for coffee over it, and once the money run out i close the channel".

If it worked like that, then the whole thing would have been rather pointless.

Instead it is a network of payment channels. You open a channel once, to a node you respect, and then that node connects to node B that connects to node C that connects to a shop you want to pay.

One channel, many shops.

It's like the internet – you don't have a cable directly to Facebook, a cable directly to Google and a cable directly to Amazon. Rather, you only have a cable/radio link to an ISP or two, and the data is then routed across the backbone of the internet to reach whatever detination you need.

And unlike ISPs in places like USA, the network is uniconnected. Meaning you can pick any node you like at no extra cost. Imagine being able to have internet from an ISP in Moscow, Russia while living in Arkansas, USA. Same with payment channels.

submitted by /u/theartlav
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Bitcoin – The Currency of the Internet

Australian Border Police “Well Aware” of Dark Net, Nab Drug Buyer

The Australian Border Force have arrested a 31-year-old Australian man following an investigation that puts him in connection with drugs purchased and imported to the country via the dark net. The Australian Border Force (ABF) and the South Australian Police (SAPOL) have arrested a man alleged to have imported and distributed drugs purchased on the […]

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Bitcoin Buyer Robbed of $28,000 at Knifepoint

32-year-old Steve Manos of Lake Worth, Florida was robbed at knifepoint as he attempted to buy $ 28,000 in bitcoin earlier this week. On a late Sunday night this week, Steve Manos thought he was partaking in a routine bitcoin sale with two men he had done business with in the past. Manos was looking to […]

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