Pages:
Author

Topic: How long before the price tanks sharply because Silk Road is down? - page 2. (Read 10707 times)

newbie
Activity: 17
Merit: 0
I think something among the line that BTC transactions can be either scams or not. Like Schrödinger's cat being either dead or alive, you can't really tell unless you open the box.
donator
Activity: 2772
Merit: 1019
I know.

Nevertheless... I stand corrected.

ok. and what's bitcoinism?
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
I know.

Nevertheless... I stand corrected.
donator
Activity: 2772
Merit: 1019
I predict that the price of my bitcoins will be unaffected by SR.
Then you are the sucker.

I think you are the sucker.  I have evidence that SR isn't down.  I have no intention of presenting said evidence, or even describing it's nature; but I suggest you check your Tor instance.

It's not down, it's in maintenance mode.
donator
Activity: 2772
Merit: 1019
DoS attacks are really easy against Tor hidden services. The service can't block the attacker because all clients are anonymous. Tor hidden service introduction points can sometimes also be DoS-attacked. I wouldn't use Tor to run a site like this.
Theymos You shocked me! Where You will host Silk Road if not Tor for it to not be found and taken down? Freenet, I2P?

The .onion server cannot block the anonymous traffic, but also the attackers cannot utilize several orders of magnitude superior bandwidth because they are forced to use Tor and nodes have varying speeds. They can set up own nodes and force Tor to connect though them but even then only the guard nodes will be DDoSed.

With clearnet server also the blocking helps only partially. With powerful enough botnet the upstream links will fail. If someone set us up the botnet, we are on our way to destruction Smiley

If botnet was used to setup tor nodes. How many would be necessary to locate silkroad server? Is that possible?
sr. member
Activity: 350
Merit: 257
Trust No One
SR volume is a tiny fraction of Bitcoin economy. There are convincing estimates based on the academic study of SR published about four months ago.

I call bullshit on that. If you were writing the truth you'd cite that study in detail. But you didn't.
Two million per month. http://arxiv.org/pdf/1207.7139v1.pdf

That, and welcome to my "ignore" list.




A surprising result is the tight coupling between Silk Road and the Bitcoin market – the daily sales on Silk Road correspond to almost 20% of the average daily volume of USD-BTC exchanges on Mt.Gox, the largest exchange forum.

Doesn't look like SR volume is a tiny fraction of bitcoin economy  Wink
legendary
Activity: 1512
Merit: 1049
Death to enemies!
SR got problems with heavy load in past. Don't worry it is too profitable for operators to be abandoned!
legendary
Activity: 1372
Merit: 1008
1davout
Quote
Bitcoin is like a variation of Schrödinger's Cat. Everything about it is both scam and fully legit at the same time until you open the box.
lol'd
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
Then it's you against the rest of the world again, been there done that.

This reminds me: I really ought to create a thread about this Bitcoinism thing. It's getting rampant on the forums again.

please do.

i do not know what Bitcoinism is
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
Then it's you against the rest of the world again, been there done that.

This reminds me: I really ought to create a thread about this Bitcoinism thing. It's getting rampant on the forums again.
legendary
Activity: 1708
Merit: 1010
I predict that the price of my bitcoins will be unaffected by SR.
Then you are the sucker.
Oh, how so. I have made my profits already.  My remaining coins are $100 each. Take it or leave it.  Smiley

YEah, I've long been in the same place.  It's impossible for me to have lost any spending power overall, even if BTC goes to zero.
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
I predict that the price of my bitcoins will be unaffected by SR.
Then you are the sucker.
Oh, how so. I have made my profits already.  My remaining coins are $100 each. Take it or leave it.  Smiley
legendary
Activity: 1708
Merit: 1010
I predict that the price of my bitcoins will be unaffected by SR.
Then you are the sucker.

I think you are the sucker.  I have evidence that SR isn't down.  I have no intention of presenting said evidence, or even describing it's nature; but I suggest you check your Tor instance.
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
I predict that the price of my bitcoins will be unaffected by SR.
Then you are the sucker.
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
I predict that the price of my bitcoins will be unaffected by SR.
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
i think you guys are overestimating silk road's temporary maintenance effect on BTC price. druggies will still buy drugs when it comes back

Nobody talks about maintenance, it's about the possibility of it being gone for good.
Remember: In any cases where something blew up here it was stalling for a while before it became generally accepted.

Also see my sig v
legendary
Activity: 1512
Merit: 1049
Death to enemies!
DoS attacks are really easy against Tor hidden services. The service can't block the attacker because all clients are anonymous. Tor hidden service introduction points can sometimes also be DoS-attacked. I wouldn't use Tor to run a site like this.
Theymos You shocked me! Where You will host Silk Road if not Tor for it to not be found and taken down? Freenet, I2P?

The .onion server cannot block the anonymous traffic, but also the attackers cannot utilize several orders of magnitude superior bandwidth because they are forced to use Tor and nodes have varying speeds. They can set up own nodes and force Tor to connect though them but even then only the guard nodes will be DDoSed.

With clearnet server also the blocking helps only partially. With powerful enough botnet the upstream links will fail. If someone set us up the botnet, we are on our way to destruction Smiley
legendary
Activity: 1232
Merit: 1014
FPV Drone Pilot
prolly gonna be fine / page is loading / or DEA took 3 days to install pots and fill them with honey:



IMO everything seems fine on DPR's ship.
hero member
Activity: 756
Merit: 501
There is more to Bitcoin than bitcoins.
If it continues to be down, this weekend? Next week?
Not sure if SR is still down, but btc exchange rate has increased almost 4% since this thread started.
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
NEVER!  Cheesy

Because it will tank slowly since if SR would be gone for good people would still believe it would come back up eventually.

Sorry if I spoiled it now Tongue
Pages:
Jump to: