So DPR knew the server was imaged in july, and they have plain text copies of all the private messages from the site as well? That's pretty disturbing!
Topic: The Great Silk Road Crash of 20** ...? (Read 37096 times)
Silk Road down another will take its place its the nature of illicit activity. Black Market Reloaded will explode.
Bitcoin will bounce back, no worries. This isn't as big a deal as people are making it out to be.
I believe you 
Moderator talk ahead:
Yeah, dude, how about you stop spamming the link to your site on every thread?
You have thoughts on the matter you post them here. EDIT: Or make a(nother) thread.
Bitcoin will bounce back, no worries. This isn't as big a deal as people are making it out to be.
I believe you 
Bitcoin will bounce back, no worries. This isn't as big a deal as people are making it out to be.
I believe you Bitcoin will bounce back, no worries. This isn't as big a deal as people are making it out to be.
I believe you
Bitcoin will bounce back, no worries. This isn't as big a deal as people are making it out to be.
yeah maybe all the SR users who got fucked by DPR -- fucked badly -- and lost all their coins on deposit are going to line up to buy coins to buy into another centralized drug exchange, after who-knows-what information of theirs, and transaction history, ended up in the hands of the feds. perhaps they will line up to buy bitcoins to spend on okcupid and wordpress, or the shitload of merchants whose websites look so fucking ghetto that the only reason i would use bitcoin with them is because i would be terrified to give them my credit card information. yeah. maybe.
pirateat40 also fucked a lot of people badly. And most of us are still here, using Bitcoin.
you think everyone feels that way now? you think any drug exchange will ever reach even a pittance of the same magnitude considering what has happened? i never would have touched SR -- drugs in post on centralized marketplace/server -- no fucking way. now lots of people realize how dangerous it is, and how the security of their identifying information could be in the hands of ONE person.
and what about those who use bitcoin for SR only? $1.2 billion in activity -- you think there is a shortage of people who fit that description?
psy, come over to my thread and show me a business with similar volume please.
There are like a million BTC sent around the net each day according to bitcoinwatch.com how many of those would have been SR related, bugger all I reckon. SR importance on BTC trade is overstated.
http://bitcoinmagazine.com/3910/bitpay-processes-5-million-in-march-eclipses-silk-road/
http://bitcoinmagazine.com/3910/bitpay-processes-5-million-in-march-eclipses-silk-road/
Bitcoin is just not that good for internet payments. Wealth storage and private transfers are where it's at. SR was huge, but in long run case no publicity is bad publicity. Exposure exposure exposure.
yeah maybe all the SR users who got fucked by DPR -- fucked badly -- and lost all their coins on deposit are going to line up to buy coins to buy into another centralized drug exchange, after who-knows-what information of theirs, and transaction history, ended up in the hands of the feds. perhaps they will line up to buy bitcoins to spend on okcupid and wordpress, or the shitload of merchants whose websites look so fucking ghetto that the only reason i would use bitcoin with them is because i would be terrified to give them my credit card information. yeah. maybe.
pirateat40 also fucked a lot of people badly. And most of us are still here, using Bitcoin.
yeah maybe all the SR users who got fucked by DPR -- fucked badly -- and lost all their coins on deposit are going to line up to buy coins to buy into another centralized drug exchange, after who-knows-what information of theirs, and transaction history, ended up in the hands of the feds. perhaps they will line up to buy bitcoins to spend on okcupid and wordpress, or the shitload of merchants whose websites look so fucking ghetto that the only reason i would use bitcoin with them is because i would be terrified to give them my credit card information. yeah. maybe.
pirateat40 also fucked a lot of people badly. And most of us are still here, using Bitcoin.
yeah maybe all the SR users who got fucked by DPR -- fucked badly -- and lost all their coins on deposit are going to line up to buy coins to buy into another centralized drug exchange, after who-knows-what information of theirs, and transaction history, ended up in the hands of the feds. perhaps they will line up to buy bitcoins to spend on okcupid and wordpress, or the shitload of merchants whose websites look so fucking ghetto that the only reason i would use bitcoin with them is because i would be terrified to give them my credit card information. yeah. maybe.
Why do you act like it's not at least a temporary blow? Do you really think tomorrow (literally I mean) there will be as much Bitcoin commerce as yesterday?
It's going to affect liquidity for a longer time as well as perception of Bitcoin's most important underlying business gone.
My claim was:
Please show me, now that the stats are out, a single Bitcoin denominated business larger than Silk Road.
It's going to affect liquidity for a longer time as well as perception of Bitcoin's most important underlying business gone.
My claim was:
Quote
People keep telling me there is some bigger fantasy Bitcoin economy. Now you see.
Please show me, now that the stats are out, a single Bitcoin denominated business larger than Silk Road.
I've always been saying that Bitcoin is backed by SR and gambling. People keep telling me there is some bigger fantasy Bitcoin economy. Now you see.
The fact that a few hours of panic selling by inexperienced traders is enough for you to declare victory is telling.
Yes, and that million users is still out there, all ready and somewhat trained to use BTC. SilkRoad already did everything it had to do for Bitcoin: give it an audience.
I've always been saying that Bitcoin is backed by SR and gambling. People keep telling me there is some bigger fantasy Bitcoin economy. Now you see.
The fact that a few hours of panic selling by inexperienced traders is enough for you to declare victory is telling.
I've always been saying that Bitcoin is backed by SR and gambling. People keep telling me there is some bigger fantasy Bitcoin economy. Now you see.
The fact that a few hours of panic selling by inexperienced traders is enough for you to declare victory is telling.
I've always been saying that Bitcoin is backed by SR and gambling. People keep telling me there is some bigger fantasy Bitcoin economy. Now you see.
The fact that a few hours of panic selling by inexperienced traders is enough for you to declare victory is telling.
I prefer to sell now and buy more at the bottom. Holding in a crash is pointless, IMO.
Unless the crash turns into a stiletto
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