How long before the price tanks sharply because Silk Road is down? - page 3.

ElectricMucus

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Quote from: Rudd-O on November 12, 2012, 04:34:25 AM

Quote from: ElectricMucus on November 10, 2012, 06:38:57 PM

(seriously I like to be on your ignore list and stay on it if you are that ignorant)

You are now on my ignore list too, because you respond to good arguments with verbal abuse, condescension and anger, and we all here need to see less of your behavior.

No I'm not, but again since you responded to me, you are doing it wrong. But one thing: Please continue posting with this account so that you receive an "established member" status and I receive my ignore point.

Rudd-O

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Quote from: ElectricMucus on November 10, 2012, 06:38:57 PM

(seriously I like to be on your ignore list and stay on it if you are that ignorant)

You are now on my ignore list too, because you respond to good arguments with verbal abuse, condescension and anger, and we all here need to see less of your behavior.

smoothie

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LEALANA Bitcoin Grim Reaper

NEVER!

SistaS0uljah

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Quote from: molecular on November 10, 2012, 04:54:38 PM

Quote from: theymos on November 10, 2012, 04:07:02 PM

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.

what would you use to run a site like that?

I'd use i2p if Tor was compromised. Setting up i2p is only a little more challenging than downloading Tor tools, since these are usually pre-configured for the user. I2P requires some study to understand how it works and how to use it, and a lot of i2p services are hacked together from different projects, so they take some effort to learn how to use them effectively. This can also make i2p seem significantly more secure, so it seems like a logical place to launch a service similar to SR. Getting vendors to sign on to an eepsite instead of an onion website is the real challenge, but when there is a market niche to fill, smart entrepreneurs will step up to the challenge.

ElectricMucus

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Quote from: thebaron on November 10, 2012, 10:19:28 PM

It just realized that sellers are unable to dump their coins on the market too. I assume most of their coins are sold off-exchange, so as that market dries up for those coin buyers they may seek on-exchange purchases. Makes me wonder if it could actually make the market go up, hmm.

It's a zero sum game besides the fundamental effect since most SR costumers buy their BTC and immediately spend them.

thebaron

sr. member

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It just realized that sellers are unable to dump their coins on the market too. I assume most of their coins are sold off-exchange, so as that market dries up for those coin buyers they may seek on-exchange purchases. Makes me wonder if it could actually make the market go up, hmm.

Spekulatius

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"How long till we tank?"

Probably till DPR or someone with say announces some serious trouble (like that they were busted, hacked, decided to run with the purse,..) or till 1 week without communication of any officials and no uptime, my guess.

AndrewBUD

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Quote from: theymos on November 10, 2012, 05:48:51 PM

Quote from: malevolent on November 10, 2012, 04:42:46 PM

What would you suggest? I2P, Freenet?

Freenet is probably the best, though I'm not confident enough in its security to use it for anything serious. I like the design of GNUnet a lot, but the software sucks. I2P or Tor with a distributed data store would be good.

I wouldn't run a site like this at all with the currently available tools.

I would bet dude's making a nice chunk of "Coins" doing it......

ElectricMucus

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Quote from: niko on November 10, 2012, 06:07:54 PM

Quote from: ElectricMucus on November 10, 2012, 03:38:13 PM

Quote from: niko on November 10, 2012, 02:12:46 PM

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.

Too bad you didn't read my response, since somebody went ahead and linked it before you.
But anyway: If you read this... you are doing it wrong.. harharhar Grin

(seriously I like to be on your ignore list and stay on it if you are that ignorant)

BC12345

newbie

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Relax:

http://(link to SR forum removed)/index.php?topic=70572.0

Quote from the SR forum:

"I am so sorry to leave you guys hanging for so long wondering what is going on with the site today. Let me just make everything clear and reassure you all that Silk Road has NOT been compromised, DPR has NOT been busted, and EVERYTHING IS OKAY!

Yes, we are having some technical difficulties. We have been making some serious overhauls and changes to the system, server, and website. While I cannot tell you exactly what is wrong today, I can assure you that we will fix it and have it back up soon. By soon, I mean I would be shocked if we didn't have it back up by Monday.

Please, I beg of you, don't start spreading any unnecessary rumors that will surely stir up chaos, fear, and confusion amongst out community.

..."

niko

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There is more to Bitcoin than bitcoins.

Quote from: ElectricMucus on November 10, 2012, 03:38:13 PM

Quote from: niko on November 10, 2012, 02:12:46 PM

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.

theymos

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Quote from: malevolent on November 10, 2012, 04:42:46 PM

What would you suggest? I2P, Freenet?

Freenet is probably the best, though I'm not confident enough in its security to use it for anything serious. I like the design of GNUnet a lot, but the software sucks. I2P or Tor with a distributed data store would be good.

I wouldn't run a site like this at all with the currently available tools.

notme

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Quote from: lucif on November 10, 2012, 05:06:25 PM

Quote from: theymos on November 10, 2012, 04:07:02 PM

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.

Sorry, but its a bullshit. ddos attacks on Tor isnt effective because of connection latency (ping is from 1 up to infinity seconds).

Defending from attacking bots making 1 connection per second isnt a problem.

The problem is to run Tor software on large botnet for attacker.

Sorry, but that's bullshit. Latency does not make one lick of difference if one physical computer can create as many simultaneous requests as it is capable of sending with no way for the server to detect they are from the same machine. Now imagine 1,000 such machines and you have a very small botnet taking out silkroad.

ElectricMucus

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Tor should protect against certain DDOS attacks but certainly not all of them.

Usually a DDOS exploits the resources allocated by the webserver not the IP stack because it provides a larger area of attack.

lucif

sr. member

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Clown prophet

Quote from: theymos on November 10, 2012, 04:07:02 PM

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.

Sorry, but its a bullshit. ddos attacks on Tor isnt effective because of connection latency (ping is from 1 up to infinity seconds).

Defending from attacking bots making 1 connection per second isnt a problem.

The problem is to run Tor software on large botnet for attacker.

molecular

donator

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Merit: 1019

Quote from: theymos on November 10, 2012, 04:07:02 PM

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.

what would you use to run a site like that?

thebaron

sr. member

Activity: 434

Merit: 250

Quote from: evoorhees on November 10, 2012, 02:47:25 PM

Anyone who would sell btc on this news is pretty silly

I'm not talking about panic selling, I'm talking about a price drop because they're aren't enough buyers to sustain the current bid/ask wall.

imanikin

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Quote from: ElectricMucus on November 10, 2012, 04:30:40 PM

...
It's obvious that SR accounts for the majority of real economic activity even by that paper as it is obvious any bitcointalk member sharing the "bitcoinsm" philosophy will deny it whenever possible. Even to the point of purposefully misinterpreting the facts.

I hope you are right then, and SR has been captured by the evil-doers, so that the exchange rate crashes, and people can buy cheaper Bitcoin again, before the drug kids come back online with their usual demand + the backlog... Grin

malevolent

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Quote from: theymos on November 10, 2012, 04:07:02 PM

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.

What would you suggest? I2P, Freenet?

ElectricMucus

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Quote from: BC12345 on November 10, 2012, 03:59:26 PM

Quote from: ElectricMucus on November 10, 2012, 03:38:13 PM

Quote from: niko on November 10, 2012, 02:12:46 PM

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.

I am not saying that the first statement is correct but I think maybe he was referring to this

http://arxiv.org/pdf/1207.7139v1 (chapter 5.2 "Transaction volumes")

paper.

Thanks.
I can also see why it wasn't cited, nobody with a straight mind would seriously consider the total transaction value of the Blockchain to be trade economic activity. And according to that paper SR even has 5-7% of that.
You can easily double that if you consider that people have to buy the bitcoins somewhere, triple it if you consider that the wares are usually bought for fiat the first time and then double to triple that figure again to account for mixing.

It's obvious that SR accounts for the majority of real economic activity even by that paper as it is obvious any bitcointalk member sharing the "bitcoinsm" philosophy will deny it whenever possible. Even to the point of purposefully misinterpreting the facts.

Topic: How long before the price tanks sharply because Silk Road is down? - page 3. (Read 10707 times)