Topic: How long before the price tanks sharply because Silk Road is down? - page 4. (Read 10707 times)
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.
November 10, 2012, 03:59:26 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.
November 10, 2012, 03:51:36 PM
if Silk Road is down for ever
i'd buy up ALL the bitcoins, because you just watch as 5 new SilkRoad wannabees all pop up
i'd buy up ALL the bitcoins, because you just watch as 5 new SilkRoad wannabees all pop up
Why didn't they already? Independently of SR being up or down.
My guess it doing that takes a while and you'd have to find the guts and environment to do it.
Because the risk/cost is X and while SR is open the reward is X/5 and when SR is down the reward is 5X.
More like a factor of two for the first one.
And it depends, if silkroad is beyond their load capacity already it might not even cut into their profit at all just provide a service where silkroad cannot handle it any more.
obv I have no idea of the numbers, but it's the answer to your question of why not yet.
November 10, 2012, 03:38:13 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.
SR is offline apparently because of huge traffic levels. Anyone who would sell btc on this news is pretty silly 
That would indeed be silly. Actually selling BTC based on the belief that Silk Road will make or break it is pretty silly regardless.It did make it so it can break it. But not necessarily so, it just might.
This is speculation remember? We deal with possibilities...
November 10, 2012, 02:49:07 PM
SR is offline apparently because of huge traffic levels. Anyone who would sell btc on this news is pretty silly
That would indeed be silly. Actually selling BTC based on the belief that Silk Road will make or break it is pretty silly regardless.But out of curiosity, who made this apparent?
November 10, 2012, 02:47:25 PM
SR is offline apparently because of huge traffic levels. Anyone who would sell btc on this news is pretty silly
November 10, 2012, 02:43:16 PM
Silk Road being down is more bullish than anything. The reason it's having trouble is the sheer amount of new users. It's growing too fast.
That is a so called positive problem.
If it's down indefinitely, then the price will tank (for some time) but that is unlikely to be the case.
That is a so called positive problem.
If it's down indefinitely, then the price will tank (for some time) but that is unlikely to be the case.
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.
November 10, 2012, 01:59:00 PM
if Silk Road is down for ever
i'd buy up ALL the bitcoins, because you just watch as 5 new SilkRoad wannabees all pop up
i'd buy up ALL the bitcoins, because you just watch as 5 new SilkRoad wannabees all pop up
Why didn't they already? Independently of SR being up or down.
My guess it doing that takes a while and you'd have to find the guts and environment to do it.
Because the risk/cost is X and while SR is open the reward is X/5 and when SR is down the reward is 5X.
More like a factor of two for the first one.
And it depends, if silkroad is beyond their load capacity already it might not even cut into their profit at all just provide a service where silkroad cannot handle it any more.
November 10, 2012, 01:51:27 PM
if Silk Road is down for ever
i'd buy up ALL the bitcoins, because you just watch as 5 new SilkRoad wannabees all pop up
i'd buy up ALL the bitcoins, because you just watch as 5 new SilkRoad wannabees all pop up
Why didn't they already? Independently of SR being up or down.
My guess it doing that takes a while and you'd have to find the guts and environment to do it.
Because the risk/cost is X and while SR is open the reward is X/5 and when SR is down the reward is 5X.
November 10, 2012, 12:31:47 PM
if Silk Road is down for ever
i'd buy up ALL the bitcoins, because you just watch as 5 new SilkRoad wannabees all pop up
i'd buy up ALL the bitcoins, because you just watch as 5 new SilkRoad wannabees all pop up
Why didn't they already? Independently of SR being up or down.
My guess it doing that takes a while and you'd have to find the guts and environment to do it.
November 10, 2012, 10:38:16 AM
They did just do an upgrade.... It seemed quicker for a little while....
Try that reloaded site... it's similar... a handful of vendors from sr are there.
Try that reloaded site... it's similar... a handful of vendors from sr are there.
November 10, 2012, 10:26:54 AM
I doubt it will.. It always goes down... seems like a regular thing lately..
well hopefully they will do some upgrade soon, if not i hope someone can make a better tor site that can handle the traffic
November 10, 2012, 10:24:19 AM
I doubt it will.. It always goes down... seems like a regular thing lately..
November 10, 2012, 10:24:03 AM
if Silk Road is down for ever
i'd buy up ALL the bitcoins, because you just watch as 5 new SilkRoad wannabees all pop up
i'd buy up ALL the bitcoins, because you just watch as 5 new SilkRoad wannabees all pop up
November 10, 2012, 10:20:43 AM
If it continues to be down, this weekend? Next week?
Jump to: