Pull Your Own Strings

Thug Motiviation 101 Applied

Thursday October 6, 2016

Due to the nature of the New York Bitlicense, buying Bitcoin can result in physical harm. This war on Bitcoin has resulted in a significantly less cash deals occurring, funneling users en masse to KYC checkpoints. Cash deals now require a significant amount of trust, but allow for extraordinary financial empowerment if due diligence is applied correctly.

Each tier of trapping has different caveats, but similarly aligned strategies. They all aim to preserve anonymity and incentivize recurrent relationships to develop trust. All scenarios require a TRB node to generate addresses with funkenstein’s import/export privkey patch applied.

I. Let’s Get It

Starting cash transactions occur on the street, in very much the same way Common describes in “The Corner”. To begin, you’re going to want to get a prepaid cell phone to preserve anonymity. Buy the phone from any small store with cash along with any additional minutes. This is what you’ll use to contact the Bitcoin suppliers.

The next step is to find suppliers. Go to a local internet cafe using cash to pay for use time, and begin searching listings on localbitcoins. Albeit a notorious site, it’s one of the few places, like Craigslist, that tends to generate up to date classified like listings for local Bitcoin sellers, although recently, KYC-based ATMs (one’s that require identification) have become heavily listed. Once an acceptable listing has been found with a supplier that has generous liquidity, contact them using the burner phone and only the burner phone. Do not use any names. Set up a trap spot, and get your cash ready.

Generate a deposit address offline using TRB and the aforementioned privkey export vpatch. Leave the private key at home, or other safe spot for redemption later after the trap is complete, and print out the address.

The trap itself is important, as there are many factors that can result in the deal turning into a scam. First off case the trap for suspicious vehicles, or suspicious persons. Spooks can be hard to spot at first, but if there is any instinct of the trap being compromised, bail immediately. At this level of cash transaction, there are no acceptable losses. If everything checks out, enter the meet and conduct business. As a buyer, do not let the supplier leave until at least once confirmation to your generated address. Although it’s not enforceable, an antsy supplier is usually symptom of deeper problems.

II. And Then What

The reward of street trapping is the eventual access to the supplier’s supplier: the plug. In fact I personally believe the art of trapping is in the finesse of finding the plug.

Due to over regulation, any exchange of Bitcoin over $10,000 is usually classified as an illegal money transfer, and if witnessed by federal agents can be charged as a felonious activity. Thus the plug wants to be absolutely certain new business is worth their time. Many times current relationships are sufficient to the plug, as every additional business relationship adds extensive risk. After making several BTC purchases from a single supplier, amounting upwards in the 10’s of 1000’s to 100’s of 1000’s, the supplier may find it difficult to keep up and will have to either expose their plug to make the deal, or make you wait. If the opportunity arises to meet the plug, take it, and make sure the money is right.

The plug being higher up the supply chain, should have significantly more BTC available for cash. In fact the professionals in this field act as cash banks and may be able to provide up to $1mn in BTC for cash.

This plug maybe plugged into the mining game, or may just have deep pockets and is plugged into an exchange that doesn’t ask a lot of questions. Either way, miners, despite their notoriety, have direct access to the BTC money supply. Ordinarily it’s more economical to buy BTC for straight cash rather than buy miners for cash to earn the coins. However, depending on the plug’s connections, affordable miners may be one of the many warez to which he has access. If this is the case, when a certain threshold of cash income is reached, one inevitably would want to procure mining equipment.

III. Trap Star

At this stage, you should be making toast, cause you doin the most. You have become your own plug, and require direct access to the money supply. At this point, the expenses of mining are merely the cost of doing business without any questions. If converting $4mn or so in cash into BTC isn’t possible in a single transaction, or would take many transactions, then the procurement of miners acts as a long term solution.

If the plug that put you on is able to consistently procure miners at reasonable prices, your mining farm inevitably becomes your new supplier.

At this point, you should have the city on lock and big shoes on the car.

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