Topic: Drug Raid In Israel - Bitcoin Involved - page 2. (Read 3263 times)
Right, because this is the first drug bust involving a type of currency, possibly
Money does not buy drugs, people do.
I hate when someone posts something tangentially FUD-related to Bitcoin, especially when it goes right in the Speculation section, not Press or Discussion. It's obviously meant to troll down the price.
That's a worse piece of slanted reporting and police puffery than the Australian police press release about the Silk Road customer the busted because he resold via text messages.
That's like saying, Drug Raid in Israel - Money Involved
Article here: http://www.jpost.com/National-News/30-arrested-in-raid-on-online-drug-distribution-ring-312441
Thoughts if Bitcoin is really indeed involved here:
1) So while the media has been incessantly talking about the supposed link between Bitcoin and online illegal drug sales, there is now direct evidence supporting this claim and I envision this story to be referenced ad infinitum from here onwards - a permanent smear that will hurt public perception.
2) Apparently undercover detective were involved buying drugs from the darknet. How does this affect Silk Road and anyone who sells/buys on there, surely precautions will be taken and this could hurt that service severely.
3) The trend of online drug sales shifting online with Bitcoin serving as the monetary agent allowing the transactions to be possible will not be lost on the authorities. They will either step up such honey trap efforts and catch more culprits or alternatively a more severe crackdown on the currency is possible (not sure how this would be imposed).
Not the end of Bitcoin, but certainly could be a bump on the road.
Thoughts if Bitcoin is really indeed involved here:
1) So while the media has been incessantly talking about the supposed link between Bitcoin and online illegal drug sales, there is now direct evidence supporting this claim and I envision this story to be referenced ad infinitum from here onwards - a permanent smear that will hurt public perception.
2) Apparently undercover detective were involved buying drugs from the darknet. How does this affect Silk Road and anyone who sells/buys on there, surely precautions will be taken and this could hurt that service severely.
3) The trend of online drug sales shifting online with Bitcoin serving as the monetary agent allowing the transactions to be possible will not be lost on the authorities. They will either step up such honey trap efforts and catch more culprits or alternatively a more severe crackdown on the currency is possible (not sure how this would be imposed).
Not the end of Bitcoin, but certainly could be a bump on the road.
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