Hello everyone. My name is Penissmith, and this is my second article
for deepdotweb. I have been around darknet marketplaces for the last 5
years. It’s common knowledge now that I helped AlphaBay not only by
serving as a ScamWatch member, but also helped as a moderator going by
the name of Botah. Even though I may come across as a troll, those who
knew me or followed me knew that I’m very sentimental about the darknet
and am very grateful for the fraud community. I started out like anyone
else, and I wouldn’t be where I am today without the treasure trove of
information that I was able to accumulate over the years.
A lot of people in the community like to overthink things and make up
assumptions about my hiatus. I’ve heard some theories that I have taken
up a new identity, that I’ve been arrested, andeven some wilder ones
from Reddit junkies. I see everything on Reddit, and by the way, it was a
great source of entertainment during AlphaBay’s demise watching the
subreddits melt down. I’ve always been strictly about fraud, and most of
Reddit’s darknet discussion is about drugs. LE are even using posts on
Reddit to catch drug vendors.
I’ve probably made five posts in my lifetime in drug forums, and
those were mostly for trolling. Because of this, I have no sentimental
attachment to the drug community on Reddit. In fact, some could argue
that it was their fault we’ve had LE eyes on us in recent events. It’s
obvious that the fraud community isn’t the main source of bringing
attention to the marketplaces.
With that being said, the darknet is dying. The fraud community is
already dead. In my opinion, you can’t have successful marketplaces
without a community built around them. If you knew me at any point over
the years, you would know I actually loved Evolution and Alphabay. Not
only was there excellent uptime and friendly website design, but there
was a massive community built around them. This is very important to any
darknet marketplace success. When I look on the darknet today, I don’t
see any community. Most sites have suffered massive ddos attacks with no
redundancy to keep them alive. The closest thing we have to a community
is abunch of junkies on Reddit talking about how their drugs haven’t
been shipped yet, and going into meltdown mode when the inevitable
exit-scam or shutdown comes along.
I personally believe that the darknet is beyond saving. There is a
fix for everything; however, it seems to be beyond repair at this point.
The only way to fix this would be to bring the community back to the
darknet first, and then build a marketplace around that community. This
is easier said than done. The wisest minds in the fraud world have gone
into hiatus and are now flying solo, like myself. They never needed any
of you, just remember that. They were only a part of these communities
to have fun and help the noobs out. People have moved off the darknet
and to the clearnet. For example, people are doing direct deals on wickr
now, and multiple other chat apps. There are even Telegram groups
dedicated completely to fraud, filled with noobs without any type of
direction. This is working backwards, and it seems as if we’re moving
back to the clearnet. This is obviously stupid in a number of ways, but
it’s the way people are moving. If this continues, it doesn’t take a
genius to figure out that there is no further need for the darknet.
Also, let’s take a look at the marketplace selection. Right now, the top marketplace is Dream.
The fraud community is a sad bunch over there, and I don’t think even
I could save it. With a user interface, community, and uptime that
Dream has, all it makes me want to do is stay as faraway as possible. In
fact, it even motivates me to start an AlphaBay clone called PenisBay.
You guys know that I have connections, and I always get my footing in
every marketplace. This is for my own, personal benefit. I can honestly
say that I’ve become a professional at acquiring darknet contacts.
Because of this, I can tell you right now that more 70% of the
marketplaces today are either shutting themselves down to prevent
arrest, plotting an exit scam, have massive security leaks, or are
already operated by feds. In those 30% that are not apart of this group,
most of them are run by people who aren’t very technologically savvy
and have an imminent death on the way. If you trust any of the darknet
marketplaces in this current state, it’s obvious that you are well
beyond the reasoning stage, and you are simply careless.
That’s okay, but just know that I warned you. Just remember, there is
a reason I’ve been the longest living member of the darknet. I play my
The second factor that has led to the destruction of darknets is
Bitcoin itself. Bitcoin has acquired an enormous amount of mainstream
adoption over these last few months alone. Bitcoin has become an
impractical currency for darknet marketplaces, and it will eventually
become unusable. The fees alone make any transaction under 200$ not even
worth it. This is just the usability of it. Bitcoin’s explosion in the
mainstream has also brought a lot of eyes on the darknet. You guys still
think you’re apart of the underground, but that’s just wrong. As more
people learn about Bitcoin, they will also learn about its history.
There’s no illusion that Bitcoin’s history is a dark one. This means all
eyes will be coming this way, and eyes that we don’t want around here.
Those who knew me knew that I was an avid supporter of Monero. I’m also a
supporter of other privacy-centered cryptocurrencies. Not only have I
made an enormous amount of money from simply holding Monero, but I’ve
also been pushing for its acceptance on the darknet. It boggles my mind
that our marketplaces are still using Bitcoin as their mainpayment
backbone. This is ridiculous, and this alone will kill the marketplaces.
I didn’t write this article to spread FUD. I wouldn’t have wasted my
time or mind space writing this if I didn’t care. Honestly, I’m probably
intelligent enough to come up with a fix for this current state of the
darknet marketplaces. However, I’m exhausted and I’ve grown into a stage
in my career where I’ve realized I don’t need the community anymore. My
heart is only with the fraud community. If I see a path to recovery for
this community, I will resurface again, and you all know that. However,
I can honestly say that I don’t see this happening, and I hope that the
skilled fraud people decide to fly solo and realize that they don’t
need this mess in their life either.
It’s important to realize that this idea of the “darknet” is dying.
The communities took a massive blow in the events of the AlphaBay/Hansa
takedowns, and are on their last thread. It only takes one more
catastrophe to be the end of the darknet marketplaces in my opinion. The
main point to take from this is that you never needed the darknet for
the marketplaces. You needed the darknet for the community. You needed a
group of likeminded people and a medium to voice your opinions and have
conversations behind a mask. The marketplaces were simply a product of
this idea. The darknet and Tor have provided that. All the tools were
there, and you guys blew it. Nobody was intelligent enough to come up
with a solution that maintained this idea. If the community dies, the
marketplaces die with it. There is a lot of evidence that the community
is dying, if it hasn’t already. Hopefully those who have learned from me
over the years have accumulated enough knowledge and a skill set to
where they are able to operate solo. You guys either need to get
smarter, or you will face the blow that is soon to come. That’s all
there is to it. The darknet is beyond repair, and it would take a
miracle to get it rolling again.