Given this Global Commission on Drug Policy report, i think the plan to incorporate Bitcoin into America's self-serving "War on Drugs" is going to be a non-starter.
That is interesiting material, thank you.
Topic: Senator Charles Schumer Pushes to Shut Down Online Drug Marketplace - page 4. (Read 25500 times)
June 07, 2011, 12:48:55 PM
Given this Global Commission on Drug Policy report, i think the plan to incorporate Bitcoin into America's self-serving "War on Drugs" is going to be a non-starter.
That is interesiting material, thank you.
June 07, 2011, 12:36:29 PM
The politicians behind that report are not in a position to benefit from national drug prohibitions. I do not think their opinion will affect nation-state decision making to any great extent, nor do I believe they would still be playing the same tune if they had the opportunity to wage a global war on drugs.
June 07, 2011, 11:57:00 AM
I'd rather they become enthusiastic through the "undorsement" of a Senator, but apathy will do.
June 07, 2011, 10:25:57 AM
I heard about this on irc last night.
I wasn't quite sure what to make of it, felt a little worried, and then I checked Mt.Gox
There was a big drop and then a swift recovery at this news, and we've been fairly steady since. What this means is, that the market (the wisest among us) was spooked for a short time, and then after a little analysis dissmissed it. It's as free a market as there is, and it has spoken.
I wasn't quite sure what to make of it, felt a little worried, and then I checked Mt.Gox
There was a big drop and then a swift recovery at this news, and we've been fairly steady since. What this means is, that the market (the wisest among us) was spooked for a short time, and then after a little analysis dissmissed it. It's as free a market as there is, and it has spoken.
Check the timing a little more carefully. I'm pretty sure the sell-off had already started before the Schumer story, and was mostly finished by the time the story broke. It actually started recovering around the time the story went to press. cbw...
Basicly, the overall market doesn't seem to care.
June 07, 2011, 09:02:06 AM
Stop paying your taxes, stop filing paperwork with the Enemy. Stop participating in the Enemy's staged political show.
Stop capitalizing "enemy". You do them too much honor. 
June 07, 2011, 08:56:47 AM
I heard about this on irc last night.
I wasn't quite sure what to make of it, felt a little worried, and then I checked Mt.Gox
There was a big drop and then a swift recovery at this news, and we've been fairly steady since. What this means is, that the market (the wisest among us) was spooked for a short time, and then after a little analysis dissmissed it. It's as free a market as there is, and it has spoken.
I wasn't quite sure what to make of it, felt a little worried, and then I checked Mt.Gox
There was a big drop and then a swift recovery at this news, and we've been fairly steady since. What this means is, that the market (the wisest among us) was spooked for a short time, and then after a little analysis dissmissed it. It's as free a market as there is, and it has spoken.
Check the timing a little more carefully. I'm pretty sure the sell-off had already started before the Schumer story, and was mostly finished by the time the story broke. It actually started recovering around the time the story went to press. cbw...
June 07, 2011, 08:28:13 AM
The what?
I think he is referring to the Assault Weapons Ban. (I also think there is some miscommunication here between what people are saying and what others think they are saying. It's difficult to follow with such short sentences that are open to interpretation. I don't think anyone is in actual disagreement here, but I could be wrong.)
June 07, 2011, 08:13:04 AM
I think this is the working definition of three percenter: http://sipseystreetirregulars.blogspot.com/2009/02/what-is-three-percenter.html
Stop doing his homework.Schumer co-authored the AWB. Do yours.
The what?
June 07, 2011, 08:09:58 AM
I think this is the working definition of three percenter: http://sipseystreetirregulars.blogspot.com/2009/02/what-is-three-percenter.html
Stop doing his homework.Schumer co-authored the AWB. Do yours.
June 07, 2011, 07:23:58 AM
Exactly right. I will to do what I can to help the police catch scammers and crooks who want to steal from people. The police might use those same tools and techniques to help catch people who use bitcoin to pay for drugs; I can't stop them from doing that.
Are you saying you would want to work on "coin un-mixers", software that attempts to reduce the effectiveness of coin mixers? (Using statistical analyses on the public data of the block chain.)
That is called a flushing attack. The concept of mixes and attacks on mixes has been around for decades now. Guess what guys...mixing won.
June 07, 2011, 06:57:47 AM
'the farmers market' has been around for 11yrs almost and is 'the ebay of drug selling' but they're more discreet about it since they use traceable payments through Pecunix and have PayPal cashiers.
there's around a dozen forums like p1ponline that are full of vendors. most of the hacker forums have drug sellers in europe, this is nothing new just Gawker made it sensationaltastic and buddy needs votes i guess.
lol @ 'seize the silk road domain' deerp tor
really all they can do is pose as sellers selling enormous amounts of drugs and hope to snare somebody. or attempt to trace a large bitcoin payment into cash that makes it's way back to the vendor.... would be very difficult in court for any lawyer to prove the coins that went through escrow and a half dozen other addresses were all headed to you specifically for drugs. much easier to get the low hanging fruit like all those illegal epharma websites making multi millions a year
there's around a dozen forums like p1ponline that are full of vendors. most of the hacker forums have drug sellers in europe, this is nothing new just Gawker made it sensationaltastic and buddy needs votes i guess.
lol @ 'seize the silk road domain' deerp tor
really all they can do is pose as sellers selling enormous amounts of drugs and hope to snare somebody. or attempt to trace a large bitcoin payment into cash that makes it's way back to the vendor.... would be very difficult in court for any lawyer to prove the coins that went through escrow and a half dozen other addresses were all headed to you specifically for drugs. much easier to get the low hanging fruit like all those illegal epharma websites making multi millions a year
It is actually kind of annoying that SR gets all the advertisement from the media and credit for being the first drug site to operate in this way...because they just fell out of no where a few months ago when there are other forums with memberships strecthing back ten years not to mention a few other public drug forums that are even more established (http://g7pz322wcy6jnn4r.onion/opensource/ovdb/ac/index.php) ... thanks for giving the noobs all the credit for being the pioneers though Gawker etc....
SR is awesome and we all wish them well though. Bitcoin was the magic word that got them attention, the other drug sites mostly accept Liberty Reserve and Pecunix although a lot have started to transition to Bitcoin recently SR was the first that used it as the standard payment. I can't deny being annoyed that they are getting all this free advertising though.
June 07, 2011, 06:35:39 AM
I actually agree that drugs should be legal and one should be allowed to ingest anything they please. But what should and shouldn't be has little to do with what IS and ISN'T. Drug trafficking IS illegal in the united states. This rich and powerful man now sees drugs and bitcoins as indivisible and mining and trading bitcoins as a criminal offense. He is actively trying to convince his rich and powerful friends of the same directly because of silk road. Silk road is a thread to the bitcoin network and I personally want to see it exterminated.
I know there are forum rules, but at what point can I say mean things about this guy?
"Tact - The ability to tell someone to go to hell so that they will look forward to the trip."
It's not the intent, but the content, of the posts that are affected by the rules.
June 07, 2011, 05:49:19 AM
Reading a book and spamming multiple forum threads simultaneously, are you some kind of AI bot?
I have to use those spare cycles between updates, somehow. ... Can our brains mine bitcoins? 
June 07, 2011, 05:40:31 AM
I actually agree that drugs should be legal and one should be allowed to ingest anything they please. But what should and shouldn't be has little to do with what IS and ISN'T. Drug trafficking IS illegal in the united states. This rich and powerful man now sees drugs and bitcoins as indivisible and mining and trading bitcoins as a criminal offense. He is actively trying to convince his rich and powerful friends of the same directly because of silk road. Silk road is a thread to the bitcoin network and I personally want to see it exterminated.
I know there are forum rules, but at what point can I say mean things about this guy?
Sounds like "buddha" can't remove his tongue from the bottom of the government's boot heel, and quite frankly, sounds a lot like them with his twisted morality.
mjsbuddha, understand that you have ZERO say in what I, or anyone else chooses to put in their own bodies. The fact that you feel you somehow have a right or duty to impose your ideals of behavior on others is really sickening to me. You want to shut down a website cause you don't like it?!?! Why don't you work on yourself first?
June 07, 2011, 05:30:54 AM
If Schumer has a problem with Silk Road, just wait until someone builds a site based on Jim Bell's now infamous essay, "Assassination Politics".
There'll probably be bids on his ass the first day its online.
There'll probably be bids on his ass the first day its online.
June 07, 2011, 05:00:49 AM
Are we there already?:
"... and he provides that no one will be able to buy or to sell, except the one who has the mark ... "
Its a quote from a famous book. Don't think its talking about the German Deutch mark ?
Or have we already been there all along?
Is Bitcoin a threat to freedom of commerce medium, or is it providing wider medium choice?
"... and he provides that no one will be able to buy or to sell, except the one who has the mark ... "
Its a quote from a famous book. Don't think its talking about the German Deutch mark ?
Or have we already been there all along?
Is Bitcoin a threat to freedom of commerce medium, or is it providing wider medium choice?
June 07, 2011, 04:58:40 AM
I agree. If bitcoins only purpose/advantage is as an inflation-hedge, there are numerous things that would serve that function. The major differentiator, in fact the only differentiator that will have a significant impact on economic growth and taxation policy, is bitcoin's potential for user-determined anonymity and untracability.
ie: mostly illegal activity
Yes. Because retaking our freedom and extending it globally is going to require breaking quite a few laws. Stop paying your taxes, stop filing paperwork with the Enemy. Stop participating in the Enemy's staged political show. Disconnect from their system. Remove your money from its banking system and store your savings in new forms of wealth. Develop a support network in the underground economy. The old system is disintegrating and a new one is growing in it's place. Your new life will be as freeman or slave, the choice is yours. Easier said than done? Sure. Better than life on your knees? I say yes.
June 07, 2011, 04:38:03 AM
June 07, 2011, 04:29:43 AM
Do you really think the government is that stupid?
To be fair, sometimes they are.
June 07, 2011, 04:13:26 AM
Also I was wondering how illegal is SR? They don't actually sell drugs themselves, they are simply an intermediary, matching up traders. SR themselves aren't doing anything illegal AFAIK (please tell me otherwise).
Do you really think the government is that stupid?
Quote from: USC Title 21, Chapter 13, Subchapter I, Part D, Section 841
(h) Offenses involving dispensing of controlled substances by means of the Internet
(1) In general
It shall be unlawful for any person to knowingly or intentionally—
(A) deliver, distribute, or dispense a controlled substance by means of the Internet, except as authorized by this subchapter; or
(B) aid or abet (as such terms are used in section 2 of title 18) any activity described in subparagraph (A) that is not authorized by this subchapter.
(2) Examples
Examples of activities that violate paragraph (1) include, but are not limited to, knowingly or intentionally—
(A) delivering, distributing, or dispensing a controlled substance by means of the Internet by an online pharmacy that is not validly registered with a modification authorizing such activity as required by section 823 (f) of this title (unless exempt from such registration);
(B) writing a prescription for a controlled substance for the purpose of delivery, distribution, or dispensation by means of the Internet in violation of section 829(e) of the title;
(C) serving as an agent, intermediary, or other entity that causes the Internet to be used to bring together a buyer and seller to engage in the dispensing of a controlled substance in a manner not authorized by sections [2] 823(f) or 829(e) of this title;
(D) offering to fill a prescription for a controlled substance based solely on a consumer’s completion of an online medical questionnaire; and
(E) making a material false, fictitious, or fraudulent statement or representation in a notification or declaration under subsection (d) or (e), respectively, of section 831 of this title.
(1) In general
It shall be unlawful for any person to knowingly or intentionally—
(A) deliver, distribute, or dispense a controlled substance by means of the Internet, except as authorized by this subchapter; or
(B) aid or abet (as such terms are used in section 2 of title 18) any activity described in subparagraph (A) that is not authorized by this subchapter.
(2) Examples
Examples of activities that violate paragraph (1) include, but are not limited to, knowingly or intentionally—
(A) delivering, distributing, or dispensing a controlled substance by means of the Internet by an online pharmacy that is not validly registered with a modification authorizing such activity as required by section 823 (f) of this title (unless exempt from such registration);
(B) writing a prescription for a controlled substance for the purpose of delivery, distribution, or dispensation by means of the Internet in violation of section 829(e) of the title;
(C) serving as an agent, intermediary, or other entity that causes the Internet to be used to bring together a buyer and seller to engage in the dispensing of a controlled substance in a manner not authorized by sections [2] 823(f) or 829(e) of this title;
(D) offering to fill a prescription for a controlled substance based solely on a consumer’s completion of an online medical questionnaire; and
(E) making a material false, fictitious, or fraudulent statement or representation in a notification or declaration under subsection (d) or (e), respectively, of section 831 of this title.
The penalties are the same as for drug dealing itself.
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