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Topic: Silk Road: anonymous marketplace. Feedback requested :) - page 7. (Read 152817 times)

sr. member
Activity: 385
Merit: 250
I was making alternate accounts up until the day they closed registration, and they all work.

newbie
Activity: 3
Merit: 0
Well that doesn't seem to be the case Sad     I never did anything bannable.. just browsed a bit and messaged a few sellers. When I try to log in I get a blank page and a captcha that just refreshes the page when I type in my account info...
sr. member
Activity: 385
Merit: 250
Hi there everybody... I had an account on silk road before it closed but I can't access it anymore. Just want to know if its been deleted or not (I didn't have any bitcoins on it yet but still  Embarrassed) IF I can't get my account back I'd still like to keep up with some members via SILC or IRC. If someone could pm me with help on connecting to the SILCroad chat please do so  Wink.

another shameless color post to stand out from spam

Unless you did something to get banned, you can access it the same way you always did.
newbie
Activity: 3
Merit: 0
Hi there everybody... I had an account on silk road before it closed but I can't access it anymore. Just want to know if its been deleted or not (I didn't have any bitcoins on it yet but still  Embarrassed) IF I can't get my account back I'd still like to keep up with some members via SILC or IRC. If someone could pm me with help on connecting to the SILCroad chat please do so  Wink.

another shameless color post to stand out from spam
newbie
Activity: 10
Merit: 0
due the attention that this great service is getting from the media, congers, and law enforcement i think you have to rule out ever opening it again  up for new users.   it just not safe anymore.
newbie
Activity: 1
Merit: 0
How long will it take before it will reopen?
newbie
Activity: 1
Merit: 0
hey i was wondering if anyone can point me in the right direction.. how do i create an account through silkroad? i saw this thread (http://forum.bitcoin.org/index.php?topic=14153.0) but didnt help much..

is registration closed? if so is there anyway i can register?
sr. member
Activity: 294
Merit: 252
You put forth a very compelling argument against Bitcoin being embraced, Shroomer.

Bitcoin is attractive to individuals for the same reason that it is unattractive to banks and governments. People just aren't aware that they're constantly getting fucked by the current system yet.

edit... If you think I'm full of shit, I challenge you to listen to this talk by G. Edward Griffin.
legendary
Activity: 1708
Merit: 1010
In principle, yes, but central banks own gold, and they own significant part of the supply, enough to control it's purchasing power during 80's and 90's. So if there ever will be return to commodity backed currencies, it would be gold, not Bitcoin, because of universal trust in gold, and also because of better control over it by states. This would also kill Bitcoin's chance to join official economy, because gold would be a lot more trusted and stable.


This is probably true, but likely irrelevent since the central banks cannot return to a gold standard and maintain.  Even if they did, I'd consider this entire experiment a success on that note alone.
sr. member
Activity: 385
Merit: 250
Silk Road is NOT an illegal drug market.

Silk Road is an anonymous market.

There are hundreds of legal items up for sale on Silk Road.

Much like anything else, Silk Road can be used for both legal and illegal purposes, like peer to peer file sharing, cryptography, proxies, the INTERNET, the telephone, fax machines, gun shows, guns, knives, perscription drugs, and my pencil (I can write a letter or stab you in the eye with it) ... and to many others to mention.

member
Activity: 84
Merit: 10
In principle, yes, but central banks own gold, and they own significant part of the supply, enough to control it's purchasing power during 80's and 90's. So if there ever will be return to commodity backed currencies, it would be gold, not Bitcoin, because of universal trust in gold, and also because of better control over it by states. This would also kill Bitcoin's chance to join official economy, because gold would be a lot more trusted and stable.

Bitcoin can in principle survive as a "commodity", specifically as a store of value (because the supply can not be inflated), but in the presence of state backed alternatives and much more trusted gold, in unstable times people will buy gold (as they are doing now), and in stable times they will use state backed paper fiat, as they did before 2008, and even more so before 2001, even though they had a possibility to store their savings in gold instead of in government debt or cash. So even though such use of Bitcoin is possible in principle, I don't think it's realistic to expect it will happen except on small scale, and then it can be ruined by a sellout. That's why I think that backing Bitcoin with black economy is it's best chance for adoption and survival. After all, it was kind of designed for such purpose, wasn't it?

I mean, we can sip a lot of power (but by no means all of it) from governments and central banks by creating almost bullet proof paralel economy, which already exists, but uses less safe (can hyperinflate at any time) paper cash and official banks (leaves trails). It won't create Utopia, but it would create a nice alternative for more freedom spirited people. There was always such possibility to "John Galt yourself from the system", but Bitcoin can make it a lot more convenient and safe.

Interesting.  I wonder if it's already too late the black economy?  But I've already spoke on that.  Thanks for your insight!
newbie
Activity: 7
Merit: 0
ive been looking for the site to purchase but cant find ppl help me plz need something cheap
sr. member
Activity: 385
Merit: 250
To the naysayers,

Due to all the hype, rampant speculation, media attention, need of anonymity, and yes even fear and paranoia, some of us at Silk Road saw the closing of registrations coming days before it ocurred.

Given that, survival and preparedness-minded folk indeed do create back-up contingency plans for any and all possible outcomes for whatever we are involved in, so of course some have created alternate identities over at Silk Road.

Now that access is limited, we would like to help others get in using those.

That very access now has a value asssociated to it, like it or not, because it is now a closed club.

I am sorry if you disagree with that aspect, but it's just the way it is.

newbie
Activity: 3
Merit: 0
In principle, yes, but central banks own gold, and they own significant part of the supply, enough to control it's purchasing power during 80's and 90's. So if there ever will be return to commodity backed currencies, it would be gold, not Bitcoin, because of universal trust in gold, and also because of better control over it by states. This would also kill Bitcoin's chance to join official economy, because gold would be a lot more trusted and stable.

Bitcoin can in principle survive as a "commodity", specifically as a store of value (because the supply can not be inflated), but in the presence of state backed alternatives and much more trusted gold, in unstable times people will buy gold (as they are doing now), and in stable times they will use state backed paper fiat, as they did before 2008, and even more so before 2001, even though they had a possibility to store their savings in gold instead of in government debt or cash. So even though such use of Bitcoin is possible in principle, I don't think it's realistic to expect it will happen except on small scale, and then it can be ruined by a sellout. That's why I think that backing Bitcoin with black economy is it's best chance for adoption and survival. After all, it was kind of designed for such purpose, wasn't it?

I mean, we can sip a lot of power (but by no means all of it) from governments and central banks by creating almost bullet proof paralel economy, which already exists, but uses less safe (can hyperinflate at any time) paper cash and official banks (leaves trails). It won't create Utopia, but it would create a nice alternative for more freedom spirited people. There was always such possibility to "John Galt yourself from the system", but Bitcoin can make it a lot more convenient and safe.
newbie
Activity: 10
Merit: 0
does this invite system even exist or are you just wishing for it?
member
Activity: 84
Merit: 10
Damn.  You put forth a very compelling argument against Bitcoin being embraced, Shroomer.

And yet, there's a weird mirror effect here, isn't there?  The value of the Bitcoin is only how much USD you can get for it.  This is temporarily exacerbated by the fact that in a purely speculative stage, having little in the way of tradeability.  But could Bitcoin survive as a commodity, rather than a currency, like gold, other precious things?  Could the US dollar be backed by the Bitcoin?

I would appreciate your thoughts on these questions.
newbie
Activity: 3
Merit: 0
Goldenmaw,

my main profession is not drug dealing,  I am an investor and a trader. All of my trading is based on fundamentals and I spend several hours every day, sometimes even during weekends, analyzing the markets and economical situation. I don't claim that I know it all, but given that I am consistently making money, I would say that I understand at least something about markets and economy.

US or any other western government can not accept deflationary currency as a legal alternative to fiat paper. It would be the same as commiting suicide. They are going to commit it anyway, but using the inflationary way, because unlike the deflation, (hyper)inflation does not kill the government and the TBTF banks (because they sit right at the business end of the printing press and get the money before the market prices in the extra zeros). Deflation today = Great Depression on steroids and US are scared to death by possibility of Second Great Depression. Great Depression is one of the most remembered events in US history, perhaps even more than WWII. It's not going to happen, and I don't need a crystal ball to predict this. If Bitcoin was legally accepted, everybody would move their inflating and increasingly risky paper assets into quickly appreciating Bitcoins, stock market would crash, real estate market too, banks would crash because they would run out of liquidity, FED would have to print like crazy to "save" the dollar, only to cause further Bitcoin appreciation, black market would flourish etc. Not going to happen. Remember that dollar is still world reserve currency and every weakening of it lowers chances of US government to get more debt and maintain it's already low credibility. No debt or loss of confidence = game over. They won't toy with such idea as accepting Bitcoin. If CIA is interested in Bitcoin, it's not because of possibility of it's acceptance by US Treasury of FED. Otherwise Gavin would be talking to Treasury or The Bernank.

Everybody, not just CIA, can monitor all Bitcoin activity. It's all logged and publicaly available. However, as I said, laundering Bitcoins is easy, using mixes. You only have to mix the money with other people's Bitcoins and put many transaction between you and the drug dealing, and you get plausible deniability, or even complete anonymity. Soon most Bitcoins will be "tainted" by drug deals and other black market operations, just like most dollar bills are tainted by cocain. At that point it's game over for law enforcement. This is not really an issue, unless the dealer is completely stupid and withdraws the Bitcoins from Silk Road directly to his bank accouts, in which case he deserves to be busted.

Bigger causes? Well, things are going to get very ugly soon as US and European economies will eventually crash (I don't know when, but certainly during this decade), so perhaps stop fighting for a good image of Bitcoin, because that's not going to happen. Maybe gold will be able to maintain good image. Freedom from state opression and crappy fiat money that are destroing our wealth through inflation and debt sounds like a worthy cause to me. It's not going to be pretty. US Founding Fathers have been killing for it. We don't have to do even that, all we have to do is to stop kidding ourselves. Sorry for sounding bit melodramatic here, but that's just what the situation is.

Also, people, listen to dunk, there really are no invites, the SR will reopen eventually once they move to a bigger server that can handle the load. Just wait for it.
member
Activity: 84
Merit: 10
newbie
Activity: 47
Merit: 0
I really need an account on here as well I just read about it and am very interested!!
member
Activity: 84
Merit: 10
Shroomer,

Interesting and well articulated argument.  It could very well happen like that - it all depends on whether or not our government decides embracing Bitcoin will prove a technological and financial advantage over other countries.  If you search the forums, you'll notice that a lot the high profile Bitcoin developers are working with our government right now to determine if there is a potential solution.  Gavin was invited to a confidential technological summit with the CIA.  God knows how that went/is going.  I think the possibility of a white market solution is more likely than you think, but only with both parties working to find compromise.  If compromise is reached, Bitcoins will quickly proliferate as a form of accepted payment - if it isn't, it will spiral into black market territory exclusively, as you said.  I'm not embracing a damned thing until I know what sides the dice land.  And I will complain about the damage Silkroad does to Bitcoin's chance of widespread acceptance for as long as Bitcoin is the quasi-official Silkroad forum.

As for bigger causes...  What would those be, exactly?

Edit:  I should also like to point out that the ability of the united states government to track Bitcoin mining and transactions remains an unknown factor at this point.  In my country, we sure do love the sucker-punch.  If they've got a system for monitoring Bitcoin activity - and the cooperation of the dev team almost guarantees this will come about eventually, if it hasn't already - it'll be a disaster on the black market scale as well.
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