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Topic: NOD, one of "top 1%" of SR sellers arrested - page 2. (Read 3741 times)

hero member
Activity: 593
Merit: 505
Wherever I may roam
http://krebsonsecurity.com/2013/10/feds-arrest-alleged-top-silk-road-drug-seller/

First come the big fishes, later come the smaller ones..

What would you do if you were a seller/buyer?

Get a lawyer. About it.

...or join the Bitcoin Island in Nicaragua!

https://bitcointalksearch.org/topic/bitcoin-island-82060
hero member
Activity: 593
Merit: 505
Wherever I may roam
http://krebsonsecurity.com/2013/10/feds-arrest-alleged-top-silk-road-drug-seller/

First come the big fishes, later come the smaller ones..

What would you do if you were a seller/buyer?

Get a lawyer. About it.

Don't see too much of a problem for buyers, asking mutual legal assistance for a guy buying a few grams of weed doesn't make sense... but sellers, go to the closest airport. NOW!
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
October 08, 2013, 06:09:28 AM
#9
http://krebsonsecurity.com/2013/10/feds-arrest-alleged-top-silk-road-drug-seller/

First come the big fishes, later come the smaller ones..

What would you do if you were a seller/buyer?

Get a lawyer. About it.
legendary
Activity: 1764
Merit: 1000
hero member
Activity: 868
Merit: 1000
October 08, 2013, 05:16:46 AM
#7
More UK arrests.  Yeah, I know it's the Telegraph but they're giving the Director of the National Crime Agency as a source.

Quote
Four men suspected of being significant users of Silk Road, the billion dollar online narcotics bazaar, have been arrested in the UK, The Daily Telegraph can disclose.

http://www.telegraph.co.uk/news/uknews/crime/10361974/First-British-Silk-Road-suspects-arrested-by-new-National-Crime-Agency.html
legendary
Activity: 4270
Merit: 4534
October 07, 2013, 09:21:03 PM
#6
or to put simply


again im not into drugs, i just hate all of this false information and hype media brings to the negative side of things. either way by christmas i hope silk road references will disappear from media and the word silk road will only be used in reference to the sexual journey between a woman's legs. and to all the virgins out there, untill you have gone up the silk road, you won't know what i mean Cheesy
hero member
Activity: 868
Merit: 1000
October 07, 2013, 09:09:41 PM
#5

media has put drug dealers as being international criminals yet they do less 'deals' then a single dealer on a street corner..

lets hope bitcoin and drugs mve in their separate directions. lets get some legitimate merchants, investors into bitcoin as all of this silk road crap is just overhyped, once you put some maths against it.


It's not just the media.  People on the SR forums and reddit have been talking about DPR as if he was one of the biggest criminals in the US when in reality SR is dwarfed by the illegal drug market in particular and "organised crime" in general.  We're not talking about an enterprise which had the resources to control sectors of legitimate enterprise or to pay off whole police departments and the judiciary like the mob of the 1970s.
legendary
Activity: 4270
Merit: 4534
October 07, 2013, 08:59:36 PM
#4
1400 reviews over 5 months since making the username..

simple maths make that less then 10 sells a day.. hmm if NOD is the top seller, then the guys on street corners selling drugs for dollars, as seen by TV shows like 'the wire' that do more then 10 sells a day must be uber international crime bosses.. but the maths does make silk road internationally on the same scale as.... detroit....

think about it. last year figures came out that silk road done 21mill dollars worth of transactions in the year 2011-2012.. at the same time blockchain.info was doing 21 million dollars worth of normal peer-to peer legetimate transactions in a day.. making bitcoin about 0.3% of all bitcoin transaction value.

i do actually like the fact that silk road has gone. but putting the numbers into prospective. media has tried to put bitcoin as being more drug tainted then all of the dollars in the USA, when infact its probably the dollars of somewhere like a 4 block radius ina town like detroit.. or amsterdam.

media has put drug dealers as being international criminals yet they do less 'deals' then a single dealer on a street corner..

lets hope bitcoin and drugs mve in their separate directions. lets get some legitimate merchants, investors into bitcoin as all of this silk road crap is just overhyped, once you put some maths against it.
hero member
Activity: 868
Merit: 1000
October 07, 2013, 08:53:49 PM
#3
Someone in the UK was also raided while the DPR take down was happening (you can find the details on SR forums if you're interested).  No charges have been laid against him to date but the list of items SOCA seized runs to 18 pages.  According to him, the warrant SOCA had was issued on 16 September - meaning they intentionally delayed executing that warrant until the SR take down was in progress.  He also reports that while he was being interviewed, SOCA was being fed questions to ask him by phone (they asked him about "Ross Allbright", so he assumes US authorities were feeding the questions).

What's interest about the UK arrest is that it wasn't a vendor of illegal products.  It was someone who ran a head shop and supplied vendors with packaging materials - I guess the authorities were hoping that because the person was selling a legal product they might keep a list of their customers.

He recently reported that the cash seized by SOCA has already been returned to him but that the analysis of the "drugs" they seized will take a few months and that the forensic analysis of his computers will take at least 6-9 months (apparently they're back-logged).

Quote
What would you do if you were a seller/buyer?

If you're a big vendor or someone who was using SR to source drugs for distribution, then you'd have to be anxious - no matter how careful you might have been yourself, you can't know for certain that others with whom you dealt were equally cautious.  And you'd hope to hell that they don't catch up with whoever was laundering your SR income for you.

Anyone who buys into the narrative of federal agents being old guys in suits who couldn't possibly understand technology is an idiot - as is anyone who ever assumed that their communications on SR were ever "private" in any meaningful sense.
legendary
Activity: 1190
Merit: 1001
October 07, 2013, 08:45:35 PM
#2
http://krebsonsecurity.com/2013/10/feds-arrest-alleged-top-silk-road-drug-seller/

First come the big fishes, later come the smaller ones..

What would you do if you were a seller/buyer?

Wow, I think they can just try to run...
legendary
Activity: 1022
Merit: 1000
October 07, 2013, 08:37:01 PM
#1
http://krebsonsecurity.com/2013/10/feds-arrest-alleged-top-silk-road-drug-seller/

First come the big fishes, later come the smaller ones..

What would you do if you were a seller/buyer?
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