Bitcoin – The Digital Currency Used On BMR


Firstly if you are looking for Black Market Reloaded then please go the guide by clicking here, you will find all the instructions needed to get to Blackmarket Reloaded there.

If you have tried shopping online or playing online games, then you most probably have transacted using Bitcoin. In this article, I will tell you all that you need to know about Bitcoin and how this online currency changed the face of economic transactions.

What Is Bitcoin?

Simply put, Bitcoin is a decentralized digital currency that enables real-time peer-to-peer payments to anyone in the world without the intermediation of a central authority. Instead of a central bank monitoring and supervising transactions, Bitcoin is managed and issued collectively by the network.  Bitcoin is often referred to as a cryptocurrency, primarily because on top of being decentralized, it also uses cryptography to prevent double-spending.

Origins of Bitcoin

Bitcoin was a breakthrough in the world of online transactions. As a matter of fact, Bitcoin is the first cryptocurrency ever created. Putting together existing technologies and utilizing recognized concepts, particularly those from the cyberphunk community and those used in cyberphunk mailing lists, Satoshi Nakamoto posted a paper on the Bitcoin protocol in 2008. In 2009, the first open source Bitcoin client was released and the first bitcoin was issued—the Bitcoin network officially came into existence.

In 2010, Satoshi Nakamoto left the Bitcoin project. But this does not mean that the project ground to a halt. As a matter of fact, since then, more developers started working on the Bitcoin and the community grew exponentially.

How Is Bitcoin Generated

Like paper currency, Bitcoin has value only insofar as the creation of coins is limited. A new bitcoin is mined into existence by following a mutually agreed-upon set of rules. Often unknown to the user, a person mining a bitcoin is actually running a software program that is continuously searching for the solution to a complex math problem. The difficulty of this problem is regularly adjusted to ensure that the number of solutions found globally is constant for any given time. Before, a block (a package of solutions and other information that can be shared with other individuals) can mine six bitcoins in an hour. At present, the number of new bitcoins produced in a block has increased to 25.

The computation and the search for solution is a continuous process—primarily because not only is there an incentive for doing the computational work to create new blocks, but also because the number of bitcoins that can be mined in a block is decreased by half roughly every four years. As a matter of fact, the original block reward was 50. It has decreased by 50% since.


How Does Bitcoin Work

The Bitcoin network shares a public ledger called the “block chain”. It contains all transactions and allows the user’s computer to verify the validity of each transaction. Aside from the records in the ledger, each transaction is also protected by digital signatures that ensure its authenticity. These digital signatures are tied to the sending addresses and allow the user to verify the validity of each transaction. This elaborate system allows users to have control over sending bitcoins from their own Bitcoin addresses.

For most Bitcoin users, however, the process is less complicated. Payments are easy to make—easier than debit or credit card payments, as a matter of fact—and can be received without a merchant account. Users can readily download a wallet application, and can at once start making payments using a computer or a smartphone. All a user has to do is to enter the recipient’s address, the payment amount, and press send. On top of this, recent technology has made the whole payment process even simpler and more convenient. Now, instead of typing the recipient’s address, an individual wishing to make a payment can just scan a QR code or touch his/her phone with another phone to obtain the address. This mode of data entry utilizes NFC technology and is a feature available in many different wallets.

Bitcoin Accepted Here


Advantages of Bitcoin

The advantages of this technology include the following:

  1. Convenience in payment. No need to go to the banks and to spend time falling in line. Users can make payments anytime, anywhere and to anyone in the world.
  2. Very low fees. Bitcoin payments, at present, are processed with minimal to no fees. Unlike traditional banks, users no longer have to shed a good amount of money in fees, especially in overseas transactions.
  3. Lower risks for merchants. The supply of this online currency is out there for everyone to verify and use real-time. Transactions are also secure, irreversible, and do not require any sensitive data from the users. It allows merchants to protect themselves from fraudulent transactions and leave markets with unacceptably high risks or fraud incidence.


Disadvantages of Bitcoin

Like any technology, this innovative online currency, of course, also suffers from certain drawbacks. The most pressing are the following:

  1. Universality. Unlike credit card payments or bank transfers, bitcoin payment has yet to become the widely-preferred method of online payment and transaction. At present, many people are still either unaware or inadequately informed about this mode of payment. A user may still find him/herself in search of companies or merchants accepting this kind of payment.
  2. Volatility. Since the number of bitcoins in circulation is still relatively small, even small business events or occurrences can easily affect price. Developers, however, assure that volatility will decrease over time as the number of currency in circulation increases and as the market matures.
  3. Ongoing development. This technology has yet to fully mature. A number of its features are still incomplete and are in continuous development and testing. Also, since the market is rather new, most businesses involved in it still does not offer insurance. Some are, on the other hand, still getting ready to be released to the public.


Latest Trend

While an accurate figure might be difficult to come up with, as of September 2011, the estimated number of bitcoin users is at 60, 000 and still increasing as the technology gets more developed and as it gains more popularity, especially among internet users.

Although this technology has matured considerably since its creation in 2008, it has yet to be developed so as to prevent large fluctuations in its value and to establish its usefulness as a currency. At the same time, it also has to confront the regulatory issues it is being presented at present.

Bitcoin Price


Indeed, the bitcoin technology has come a long way since its creation. While not entirely free from controversy, it has great potential and in constant testing and development from developers eager to come up with new ways to transact online.

If you are looking for information on how to get to Black Market Reloaded or the BMR URL then click here to find out more.

Black Market Reloaded URL

Well as many of you already probably have found out, the Black Market Reloaded has changed again. The new Blackmarket
Reloaded URL is: http://r6rcmz6lga4i5vb4.onion

The address of BMR has been changing a fair bit lately so if it stops working then just check back here every few days and i will try my best to re-post when i find out. New accounts are now also subject to validation apparently so for first timers you will need to register and then wait for validation. This is to reduce the amount of bogus/spam accounts being created that is clogging up the system and trying to bring it down. This will benefit everyone on BMR.

Black Market Reloaded Went Down For 2 Days!

Black Market Reloaded was officially taken down on Thursday last week by the site administrator due to a security breach. Blackmarket Reloaded administrator “backopy” announced that the site would close but then later in the day he then announced that it would reopen for business as the security breach was not as bad a first thought and changes could be made to rectify the situation to continue the anonymity of its users.

The security breach occurred last week when a German person who goes by the name of “dosadmin” posted what is believed to be the source code of Blackmarket Reloaded onto a forum where everyone can see it. Dosadmin claims that he did not post the source code to bring BMR down but to highlight the security flaws in the site so that steps can be taken to prevent further breaches and to ultimately protect the information of its users.

When this happened it must have sent a shiver through the spine all of the current users who had bitcoins inn their account as they would have been very worried about losing their money. It would have been even worse for all of those unlucky people who also lost their money when Silk Road was taken down by the US government, luckily for them this was a fixable problem.

This should heed as a warning and reminder to everyone to be more and more vigilant in your attempts to remain anonymous while doing anything to do with illegal online marketplaces as if the source code is compromised at least your identity wont be. You should always use false names, usernames that have nothing to do with you and that you never use for anything else,  always use a VPN to access Black Market Reloaded or even search forums for information and don’t leave bitcoins in you black market reloaded account if they are not being used.

New Black Market Reloaded URL: http://kss62ljxtqiqdfuq.onion/

Please visit my page “Guide” if you would like more information about finding BMR and further steps to take to be anonymous and safe.

Black Market Reloaded – Will It Be The Next Silk Road?

Most people that are looking for Black Market Reloaded are doing so because Silk Road anonymous marketplace has been shut down. In late September 2013 the man accused of being the mastermind behind the Silk Road, known to many as Dread Pirate Roberts, was taken into custody by the FBI after years of investigations. The anonymous marketplace was the first and biggest online drug market but there have been others recently that have come up including Black Market Reloaded which looks to take its place at the top of the table.

Black Market Reloaded Home Screen

If you for some reason haven’t heard of these underground websites then let me explain. Black Market Reloaded (BMR) is an online marketplace where you can buy various goods legal and illegal. The main products being listed and sold are illicit drugs including Cocaine, MDMA, Marijuana, LCD, Methamphetamine just to name a few. The site BMR is not the one actually selling the drugs but rather sellers/dealers are the ones creating accounts and selling the drugs while the site takes a percentage commission for each sale, it is a sort of Amazon but for drugs.

Now you may be thinking how do you do this without getting busted? They have taken certain precautions in the creation and operation of the website to lower the risk but there are definitely a lot more steps you should be taking to protect yourself. Firstly they are running the site on the TOR network which is an encrypted network, you can only access the website by downloading the TOR browser and then connecting to it. You cannot just type in the address and go to the drug website, if you also see a webpage saying you can access the site through the web page DO NOT DO IT! There is no encryption and no anonymity, the police or anyone for that matter can trace you instantly!

Black Market Reloaded SERP

In order to buy anything off Black Market Reloaded you will need to get a hold of some Bitcoins to do so. Bitcoins are a digital currency that can greatly increase your anonymity to make it harder f0r the authorities to trace the money coming in and out of the drug marketplace.

This site is being created for educational purposes only. I don’t encourage anyone to buy anything illegal off the website as it may harm you or others. Anyone can find out how get to Black Market Reloaded on the internet in about 5 minutes if they want to but I hope to show those people how to take some extra precautions so as minimize your risks of detection.