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Topic: SilkRoad domain Seized? - page 18. (Read 46621 times)

hero member
Activity: 504
Merit: 500
October 02, 2013, 02:22:26 PM
In case people missed this article I'll quote a piece from it...very interesting how he got caught.

Quote
"The government says it identified Ulbricht after a routine border search of a package that contained nine counterfeit IDs. The package was shipped from Canada to an address in San Francisco. When the government visited the San Francisco address, they found Ulbricht there.

The government then identified the primary Silk Road server and obtained an image of its hard drive in July, providing the federal government with a wealth of information about the Silk Road's operations."


Full source:

http://www.washingtonpost.com/blogs/the-switch/wp/2013/10/02/feds-arrest-the-alleged-founder-of-bitcoins-largest-drug-market/

wow if they have had access since July..... lots of arrests will be coming!
hero member
Activity: 700
Merit: 500
What doesn't kill you only makes you sicker!
October 02, 2013, 02:22:22 PM
BTC prices in CNY is not really affected

Probably because everyone there is asleep.
full member
Activity: 210
Merit: 100
October 02, 2013, 02:21:36 PM
I found DPR's altoid account, but I don't see the silk road advert post dated January 29th, 2011. The earliest post is from February 25th, 2011, and is about running bitcoind on Debian...

https://bitcointalksearch.org/user/altoid-3905

I suspect DPR deleted the post (wouldn't you?) and the FBI found it by requesting logs from bitcointalk admins.

Theymos, can you confirm?
hero member
Activity: 658
Merit: 504
October 02, 2013, 02:19:48 PM
In case people missed this article I'll quote a piece from it...very interesting how he got caught.

Quote
"The government says it identified Ulbricht after a routine border search of a package that contained nine counterfeit IDs. The package was shipped from Canada to an address in San Francisco. When the government visited the San Francisco address, they found Ulbricht there.

The government then identified the primary Silk Road server and obtained an image of its hard drive in July, providing the federal government with a wealth of information about the Silk Road's operations."


Full source:

http://www.washingtonpost.com/blogs/the-switch/wp/2013/10/02/feds-arrest-the-alleged-founder-of-bitcoins-largest-drug-market/
hero member
Activity: 924
Merit: 1000
October 02, 2013, 02:16:21 PM
Yes, it will take a dive, but it will recover... Had this happened a year ago, when bitcoin was at around 10 bucks, then we would see it around 2, but bitcoin has grown a lot in the last year.. its not just for druggies any more.. its much more main stream.. once the panic is over, it will be around what it was yesterday...
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
October 02, 2013, 02:16:14 PM
We'll, we needed to clean up bitcoin sooner or later.  I hate to see such a collapse in price but really- it's better without silkroad. I am surprised to hear the guy running it was ordering hits and stuff. Just goes to show- drug dealers are drug dealers.  Hopefully journalists will stop saying its a haven for drugs from here on out.
full member
Activity: 141
Merit: 100
October 02, 2013, 02:15:04 PM
As long as there is enough demand for a product there will be someone to fill the supply, irregardless of whether it's legal or not.
hero member
Activity: 511
Merit: 500
Hempire Loading...
October 02, 2013, 02:11:35 PM
And another one bites the dust...I wonder if Atlantis got wind and shut down before they could be apprehended, hence the hasty shutdown on their part.
legendary
Activity: 980
Merit: 1040
October 02, 2013, 02:10:25 PM
BTW, tip for anyone with BTC but without exchange.. start shopping on bitmit.net. Most retailers there use 24hr average from bitcoinaverage.
legendary
Activity: 1764
Merit: 1000
October 02, 2013, 02:10:20 PM
first wave of panic sellers are through it seems
hero member
Activity: 658
Merit: 504
October 02, 2013, 02:09:32 PM
a new SR will sprung up in no time.

do some searching...in tor of course  Wink
hero member
Activity: 680
Merit: 500
October 02, 2013, 02:09:28 PM
There is more than one reason why this is good news for bitcoin but the market will always enter price discovery when you take out some of the market. We will see what happens, but for me this is the best news in some time for the bitcoin and crypto technology push.
sr. member
Activity: 308
Merit: 250
October 02, 2013, 02:09:13 PM
i never ordered off of there but its still sad to see it got Sad
hero member
Activity: 756
Merit: 500
October 02, 2013, 02:06:15 PM
a new SR will sprung up in no time.
jr. member
Activity: 164
Merit: 1
October 02, 2013, 02:05:59 PM
Apparently SR was hosted out of San Francisco?  Seems like an amateur move, maybe it will reopen with new hosting somewhere where the DoJ doesn't have supreme authority.  
hero member
Activity: 504
Merit: 500
October 02, 2013, 02:04:51 PM
Truly pathetic, if you think about it. BTC price was held up by addicts and perverts of SR.


Nope, it was held up by dreams of future value. What you see now is panic, its not drug users pulling out.
What bitcoin is worth without  silkroad will only be clear in a few months IMO. Between then and now, I wouldnt be shocked to see $20 before it starts climbing again.

that would be awesome!  
vqp
newbie
Activity: 57
Merit: 0
October 02, 2013, 02:04:45 PM
Truly pathetic, if you think about it. BTC price was held up by addicts and perverts of SR.

It is a sad fact I am watching right now.

It is more convoluted.
The price moves  because people is betting on how much other people assess the BTC market share SR had.
legendary
Activity: 980
Merit: 1040
October 02, 2013, 02:03:29 PM
Truly pathetic, if you think about it. BTC price was held up by addicts and perverts of SR.


Nope, it was held up by dreams of future value. What you see now is panic, its not drug users pulling out.
What bitcoin is worth without  silkroad will only be clear in a few months IMO. Between then and now, I wouldnt be shocked to see $20 before it starts climbing again.
legendary
Activity: 3066
Merit: 1047
Your country may be your worst enemy
October 02, 2013, 02:02:25 PM
Once again, people are overreacting. BTC is down nearly 40% since yesterday. Come on, we're not all drug addicts! BTC will only emerge stronger from this, as most users will now be regular folks doing legal business.
legendary
Activity: 997
Merit: 1002
Gamdom.com
October 02, 2013, 02:02:11 PM
This is what happens when you try and compete with the CIA  Grin
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