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Topic: how does silk road's mixing system work? (Read 1451 times)

hero member
Activity: 695
Merit: 502
PGP: 6EBEBCE1E0507C38
July 12, 2012, 02:59:14 AM
#8

from what pirate has said, he's doing off the books exchanges with large cash investors.

But, AFAIK, Silk Road only holds BTC... Where does the cash fits on Silk Road mixing system?

SR has some hedge system to deal with the bitcoin fluctuations.  would be nice if this feature was open sourced and brought to the surface web, I haven't seen it on any of the btc auction sites.
legendary
Activity: 1680
Merit: 1035
there is some speculation on bitcointalk, i can't think of specific threads, along with the silkroad forum.

some have speculated BS&T is related.

BS&T?

Bitcoin Savings and Trust, Pirate40 is running it.
earn upto 7% per week.

others are speculating its a ponzi.

it can't be kept up for ever but its good while it lasts.

from what pirate has said, he's doing off the books exchanges with large cash investors.

Interesting. That's exactly what Ginko Bank in SecondLife said they did to explain paying their high interest rate.
hero member
Activity: 812
Merit: 1006
It is probably just standard bitcoind daemon, I see no reason for any special mixing algorithm. The standard bitcoind selects output addresses pretty randomly (however it optimizes for the transaction size, I think).
legendary
Activity: 1386
Merit: 1002

from what pirate has said, he's doing off the books exchanges with large cash investors.

But, AFAIK, Silk Road only holds BTC... Where does the cash fits on Silk Road mixing system?
hero member
Activity: 695
Merit: 502
PGP: 6EBEBCE1E0507C38
there is some speculation on bitcointalk, i can't think of specific threads, along with the silkroad forum.

some have speculated BS&T is related.

BS&T?

Bitcoin Savings and Trust, Pirate40 is running it.
earn upto 7% per week.

others are speculating its a ponzi.

it can't be kept up for ever but its good while it lasts.

from what pirate has said, he's doing off the books exchanges with large cash investors.
sr. member
Activity: 420
Merit: 250
there is some speculation on bitcointalk, i can't think of specific threads, along with the silkroad forum.

some have speculated BS&T is related.

BS&T?
hero member
Activity: 695
Merit: 502
PGP: 6EBEBCE1E0507C38
there is some speculation on bitcointalk, i can't think of specific threads, along with the silkroad forum.

some have speculated BS&T is related.
sr. member
Activity: 420
Merit: 250
has anyone researched that and/or made any informed speculation about it?
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