Topic: SilkRoad domain Seized? - page 20. (Read 46621 times)
no exchanges should shut down.... it is what it is.... no one says shut down markets when the price is rising.... so why should they when prices fall?
Shorted my life... let's see what happen next.
honestly, all the exchanges should probably shut down for day, let it blow over
By the way - I'm amazed at how many people are surprised that a drug dealer with extreme anarcho-capitalist tendencies turned out to be not a swell guy! Imagine that!
And what are you, a moderate? Enjoy having no soul.
wonder if MtGox suspends transactions again....
This is fantastic news. I was expecting it for a long time, actually at the Amsterdam conference last week I was talking to a member of the Dutch police who had taken part in a panel, and mentioned I was waiting for DPR to show up in a US court at some point. I didn't think it'd happen a week later, but this outcome was eventually inevitable.
The point I made to Niels (the police guy) was that DPR had way too much confidence in the technologies he was using to keep him safe. I said I understood Tor and Bitcoin very well and there's no way I'd treat either of them as a silver bullet. And that's assuming NO mistakes. I didn't even know how I'd cash out. The best some people listening in could offer was "find someone who would help you cash out that's not an exchange". But where would you find someone capable of sinking non-trivial amounts of Bitcoins for dollars, outside of an exchange?
It's hard to tell from the documents to what extent he cashed out. Perhaps those details will come at trial. But given he was living with flat mates I guess his lifestyle was cheap and he probably didn't ever cash out into dollars in a big way - obviously lacking any fake IDs he didn't have any way to use the exchanges. This is also very good news. It is a strong argument that Bitcoin is not some super trivial way for criminals to make wild profits - despite the huge sums being quoted by the FBI agent, those are theoretical amounts of dollars he could have obtained if he'd had some way to do so, not amounts he actually made (given the tiny size of the Bitcoin economy).
By the way - I'm amazed at how many people are surprised that a drug dealer with extreme anarcho-capitalist tendencies turned out to be not a swell guy! Imagine that!
The point I made to Niels (the police guy) was that DPR had way too much confidence in the technologies he was using to keep him safe. I said I understood Tor and Bitcoin very well and there's no way I'd treat either of them as a silver bullet. And that's assuming NO mistakes. I didn't even know how I'd cash out. The best some people listening in could offer was "find someone who would help you cash out that's not an exchange". But where would you find someone capable of sinking non-trivial amounts of Bitcoins for dollars, outside of an exchange?
It's hard to tell from the documents to what extent he cashed out. Perhaps those details will come at trial. But given he was living with flat mates I guess his lifestyle was cheap and he probably didn't ever cash out into dollars in a big way - obviously lacking any fake IDs he didn't have any way to use the exchanges. This is also very good news. It is a strong argument that Bitcoin is not some super trivial way for criminals to make wild profits - despite the huge sums being quoted by the FBI agent, those are theoretical amounts of dollars he could have obtained if he'd had some way to do so, not amounts he actually made (given the tiny size of the Bitcoin economy).
By the way - I'm amazed at how many people are surprised that a drug dealer with extreme anarcho-capitalist tendencies turned out to be not a swell guy! Imagine that!
Ohhh SHIT! 
Children posting all over FB have no idea how their future lives will be controlled, constrained, and prosecuted for pastcrimes.
Absolutely.
Identify yourself, your interests, and your associates.
Then be surprised when they miraculously put all the pieces together.
of course there will be knee-jerk reaction and the price will dive, but give it time, it will eventually recover...
Someone tell me when its time to buy 
How low could this possibly go? Do you think it will hit $75 like it did back in July?
How low could this possibly go? Do you think it will hit $75 like it did back in July?Buy now, I guess? Has anything permanent changed with regard to bitcoin's value proposition to the world? It should be fairly obvious that services which directly antagonize law-enforcement agencies are going to be shutdown much of the time. Bitcoin is, and always was, about far more than black-market transactions.
Again, we're in the phase of bitcoin's development where daily transaction volume is 2nd order. The future potential and store-of-value properties far outweigh current transactional usage with regard to price support, so the fact that SR transactions are off the table for the moment should be a mostly irrelevant turn of events to anyone who's thought this through already.
Thanks for the reply, thats what crossed my mind. If history repeats itself, the media coverage alone could give it a huge climb.
price already dropping !!! im in the long game , swings and round-abouts as we say in the UK
Someone tell me when its time to buy How low could this possibly go? Do you think it will hit $75 like it did back in July?
How low could this possibly go? Do you think it will hit $75 like it did back in July?Buy now, I guess? Has anything permanent changed with regard to bitcoin's value proposition to the world? It should be fairly obvious that services which directly antagonize law-enforcement agencies are going to be shutdown much of the time. Bitcoin is, and always was, about far more than black-market transactions.
Again, we're in the phase of bitcoin's development where daily transaction volume is 2nd order. The future potential and store-of-value properties far outweigh current transactional usage with regard to price support, so the fact that SR transactions are off the table for the moment should be a mostly irrelevant turn of events to anyone who's thought this through already.
Thanks for the reply, thats what crossed my mind. If history repeats itself, the media coverage alone could give it a huge climb.
short term win for people willing to go long on BTC, prices will be $75 or less by the end of the day... once this news spreads....
get ready to buy!
get ready to buy!
"to send their responses to rosselbricht @ gamil.com", how could he be so sloppy ?
Read the full indictment, he registered his "altoid" account in here with that email, and they already had that.
But everybody wait and think: he just wrote ONE post about SR, and the October 11th post in which he said he was looking for an IT pro was very generic. And they caught him BECAUSE OF THAT, meaning that they have been thoroughly monitoring everybody that wrote ANYTHING about SR. And this applies to everything.
Creepy...
obviously the guy was a idiot. He ran an anonymous peer to peer merchandise business that acted as a medium for drug trafficking from Texas, USA....Feb 2011...he admits he is a noob using linux.
Then he pays 150k in bitcoins to pull a hit. With millions of USD in btc the guy should have hired a good lawyer or two. Looking back he had 22-24k of bitcoin in 2011. I bet he still has thousands of BTC elsewhere.
I doubt the FBI has seized everything.
It is just crazy that this guy thought he could get away with it! I think all that BTC that he was raking in was clouding his judgement.
"to send their responses to rosselbricht @ gamil.com", how could he be so sloppy ?
Read the full indictment, he registered his "altoid" account in here with that email, and they already had that.
But everybody wait and think: he just wrote ONE post about SR, and the October 11th post in which he said he was looking for an IT pro was very generic. And they caught him BECAUSE OF THAT, meaning that they have been thoroughly monitoring everybody that wrote ANYTHING about SR. And this applies to everything.
Creepy...
Well, to be honest, this did not require monitoring everyone. It only required determining which account was the first to mention SR. Once you got the account, you can check all the correspondence in the account. From there you could determine the actual person behind it. I mean, even if he didn't use a google account, he could have used a server name and could still get traced back by that.
Investigations on the virtual world may in fact be much easier than the physical world!
Point is that 1984 is far beyond here I think. Children posting all over FB have no idea how their future lives will be controlled, constrained, and prosecuted for pastcrimes.
What gave him away wasn't anything in Facebook or LinkedIn... it was a post on StackOverFlow!!!
"to send their responses to rosselbricht @ gamil.com", how could he be so sloppy ?
Read the full indictment, he registered his "altoid" account in here with that email, and they already had that.
But everybody wait and think: he just wrote ONE post about SR, and the October 11th post in which he said he was looking for an IT pro was very generic. And they caught him BECAUSE OF THAT, meaning that they have been thoroughly monitoring everybody that wrote ANYTHING about SR. And this applies to everything.
Creepy...
obviously the guy was a idiot. He ran an anonymous peer to peer merchandise business that acted as a medium for drug trafficking from Texas, USA....Feb 2011...he admits he is a noob using linux.
Then he pays 150k in bitcoins to pull a hit. With millions of USD in btc the guy should have hired a good lawyer or two. Looking back he had 22-24k of bitcoin in 2011. I bet he still has thousands of BTC elsewhere.
I doubt the FBI has seized everything.
100.00 on coinbase in 5 minutes
It was only a matter of time before the FBI found out that bitcoins blockchain can be traced.
This may be good news since there is nothing holding bitcoins back from becoming mainstream anymore.
Meanwhile anoncoin and/or megacoin will take over the underground.
This may be good news since there is nothing holding bitcoins back from becoming mainstream anymore.
Meanwhile anoncoin and/or megacoin will take over the underground.
BTC was traced months after it was invented, by the time mt. gox got big real identities were already linked to bitcoin addressess....
Question: could a website like SR run as an autonomous agent? https://en.bitcoin.it/wiki/Agents
he probably even attended that bitcoin conference in San Fran
i guess people think SR IS bitcoin and are crashing the price
Jump to: