Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24696. (Read 26713769 times)
November 06, 2014, 03:00:22 PM
November 06, 2014, 02:59:34 PM
a couple of tor sites seized =/= entire system collapsing/being government seized
put the Drama-Queen Mode: Off
put the Drama-Queen Mode: Off
It's bad. If you don't have a black market, a market that draws consumer demand but where the vendors don't convert all of their proceeds into fiat, then what are you left with? Major retailers (who dump the second somebody spends their coins) and Wall Street (who can make a hell of a lot more money through dumping than pumping... it's easier, less risky, and very lucrative to sabotage).
It's bad. It may actually work to your benefit in the short-term, but it is very bad and getting worse -- that much be said.
November 06, 2014, 02:55:01 PM
...Bitcoin is not a currency and it will not be for a long time. Most important properties of Bitcoin: digital, no counterparty, no monetary policy. Bitcoin is the modern incarnation of precious metals, a kind of super silver...
In the sense that it's an outmoded anachronism with rapidly dropping USD price? Sure.
November 06, 2014, 02:50:46 PM
a couple of tor sites seized =/= entire system collapsing/being government seized
put the Drama-Queen Mode: Off
Nomen est omen for our Newbie.put the Drama-Queen Mode: Off
If you lack greed, you lack energy. Same thing for fear. They just need to be kept in check.
Here, look how clouded by greed I am in my expectations:
IMO the most probable thing is just a larger sideways, even if it fluctuates a lot from our microscopic view. It is hard to outdo this 5th October event. At the same time, we obviously have lots of overhead resistance, and it would take a long time to get through.
The thing is just that even if we go to 400, 500, it can fit into a sideways. TO DA NOWHERE!
November 06, 2014, 02:48:11 PM
a couple of tor sites seized =/= entire system collapsing/being government seized
put the Drama-Queen Mode: Off
put the Drama-Queen Mode: Off
November 06, 2014, 02:46:46 PM
How the FBI just made the world a more dangerous place by shutting down Silkroad 2.0 and a bunch of online drug markets
http://www.washingtonpost.com/blogs/wonkblog/wp/2014/11/06/how-the-fbi-just-made-the-world-a-more-dangerous-place-by-shutting-down-silkroad-2-0-and-a-bunch-of-online-drug-markets/
http://www.washingtonpost.com/blogs/wonkblog/wp/2014/11/06/how-the-fbi-just-made-the-world-a-more-dangerous-place-by-shutting-down-silkroad-2-0-and-a-bunch-of-online-drug-markets/
November 06, 2014, 02:44:45 PM
This feels like last November all over again
November 06, 2014, 02:44:18 PM
You gotta know when to hold 'em, know when to fold 'em, know when to walk away and turn around and run.
That moment where you consider whether or not to GTFO has once again emerged upon us. Do you make a little dough at the risk of the entire system collapsing/being government seized tomorrow? You are all super greedy as another poster just said.
That moment where you consider whether or not to GTFO has once again emerged upon us. Do you make a little dough at the risk of the entire system collapsing/being government seized tomorrow? You are all super greedy as another poster just said.
November 06, 2014, 02:38:43 PM
You are all very very greedy
November 06, 2014, 02:34:07 PM
Excellent! Probably thousands of coins seized from the criminals that won´t touch the market in the next months!
This is awesome. I hope they shut down the next largest avenue of BTC commerce and freeze every last Bitcoin. BTC liquidity/velocity of money really reduces its value IMO.Also, Bitstamp criminals only have until next Thursday to buy BTC and GTFO before their shit gets seized by the UK government.
Paypal gets into Bitcoin: bearish
Bitpay and Coinbase shut down: bullish!!!
People need to realize that despite their wishes and delusions, Bitcoin is not a currency and it will not be for a long time. Most important properties of Bitcoin: digital, no counterparty, no monetary policy. Bitcoin is the modern incarnation of precious metals, a kind of super silver.
Here is a better way to think about this. Avenues to spend Bitcoin are a way to satisfy selling demand. We need more avenues to buy Bitcoins, most importantly an ETF.
November 06, 2014, 02:30:14 PM
BTC liquidity/velocity of money really reduces its value IMO.
Probably. Not to say that that market is probably a major factor of btc demand and the only market for real stuff in btc only.
November 06, 2014, 02:28:53 PM
Excellent! Probably thousands of coins seized from the criminals that won´t touch the market in the next months!
This is awesome. I hope they shut down the next largest avenue of BTC commerce and freeze every last Bitcoin. BTC liquidity/velocity of money really reduces its value IMO.Also, Bitstamp criminals only have until next Thursday to buy BTC and GTFO before their shit gets seized by the UK government.
Paypal gets into Bitcoin: bearish
Bitpay and Coinbase shut down: bullish!!!
November 06, 2014, 02:26:46 PM
...Bitstamp criminals decent citizens who value privacy...
FTFY
November 06, 2014, 02:26:32 PM
Excellent! Probably thousands of coins seized from the criminals that won´t touch the market in the next months!
This is awesome. I hope they shut down the next largest avenue of BTC commerce and freeze every last Bitcoin. BTC liquidity/velocity of money really reduces its value IMO.Also, Bitstamp criminals only have until next Thursday to buy BTC and GTFO before their shit gets seized by the UK government.
GOD BLESS THE FBI AND THE CRIMINALS!
November 06, 2014, 02:24:03 PM
Excellent! Probably thousands of coins seized from the criminals that won´t touch the market in the next months!
This is awesome. I hope they shut down the next largest avenue of BTC commerce and freeze every last Bitcoin. BTC liquidity/velocity of money really reduces its value IMO.Also, Bitstamp criminals only have until next Thursday to buy BTC and GTFO before their shit gets seized by the UK government.
GOD BLESS THE FBI AND THE CRIMINALS!
November 06, 2014, 02:18:04 PM
Excellent! Probably thousands of coins seized from the criminals that won´t touch the market in the next months!
This is awesome. I hope they shut down the next largest avenue of BTC commerce and freeze every last Bitcoin. BTC liquidity/velocity of money really reduces its value IMO.Also, Bitstamp criminals only have until next Thursday to buy BTC and GTFO before their shit gets seized by the UK government.
November 06, 2014, 02:17:21 PM
...
No, it's not. The reasoning is that you could send your enemy a package full of coke, then call the cops on him. Doesn't hold up.
No, it's not. The reasoning is that you could send your enemy a package full of coke, then call the cops on him. Doesn't hold up.
The reasoning is you get cuffed, printed, and put in lockup. Then they talk to you and you talk to them
November 06, 2014, 02:17:00 PM
It's not the buying of drugs online that puzzles me. Seems to beat the alternative of having to deal with potentially hazardous interactions with drug dealers on the street.
What escapes me is how they solve the problem of having to provide a shipping address at some point. That seems like the real weak point to me, as a buyer. (Yes, I know, PO boxes exist, but to my knowledge, renting one usually requires some form of ID).
Anyone knows how the actual customers solve this dilemma? Hoping they stay below the threshold for being targeted by LE?
What escapes me is how they solve the problem of having to provide a shipping address at some point. That seems like the real weak point to me, as a buyer. (Yes, I know, PO boxes exist, but to my knowledge, renting one usually requires some form of ID).
Anyone knows how the actual customers solve this dilemma? Hoping they stay below the threshold for being targeted by LE?
Almost all of the vendors on SR demanded PGP so "only" they are in property of your adress and not SR .
But wasn't the point of the last SR bust at least that a number of the largest marketplace vendors were found out as well? Including their customer data, one would assume?
AFAIK they used "traditional" methods to investigate them. The FBI/police ordered multiple packages for themselves and looked at the origin of the stamps that were used on that package; after that they surveil all the post offices in that area for over e.g. 1-2 weeks, lookin at CCTV and so on. Good vendors(that wanted to be safe) changed their postbox frequently.
Of course you can´t prevent that a vendor gives the police his customer adresses(if he hasn´t deleted them), but they didn´t catch more than 2-3 vendors out of hundreds.
After all it´s a black market, not 100% safe
But in my opinion it´s far more risky to get caught in real life. And as someone else stated in most countries the police can´t harm you if they can´t proove that you didn´t order the package for yourself.
That´s what i heard at least
November 06, 2014, 02:14:48 PM
It's not the buying of drugs online that puzzles me. Seems to beat the alternative of having to deal with potentially hazardous interactions with drug dealers on the street.
What escapes me is how they solve the problem of having to provide a shipping address at some point. That seems like the real weak point to me, as a buyer. (Yes, I know, PO boxes exist, but to my knowledge, renting one usually requires some form of ID).
Anyone knows how the actual customers solve this dilemma? Hoping they stay below the threshold for being targeted by LE?
What escapes me is how they solve the problem of having to provide a shipping address at some point. That seems like the real weak point to me, as a buyer. (Yes, I know, PO boxes exist, but to my knowledge, renting one usually requires some form of ID).
Anyone knows how the actual customers solve this dilemma? Hoping they stay below the threshold for being targeted by LE?
Almost all of the vendors on SR demanded PGP so "only" they are in property of your adress and not SR .
But wasn't the point of the last SR bust at least that a number of the largest marketplace vendors were found out as well? Including their customer data, one would assume?
The guy was (allegedly) helping DPR run SR. And didn't walk away after SR got owned. What was he thinking?!
November 06, 2014, 02:11:50 PM
It's not the buying of drugs online that puzzles me. Seems to beat the alternative of having to deal with potentially hazardous interactions with drug dealers on the street.
What escapes me is how they solve the problem of having to provide a shipping address at some point. That seems like the real weak point to me, as a buyer. (Yes, I know, PO boxes exist, but to my knowledge, renting one usually requires some form of ID).
Anyone knows how the actual customers solve this dilemma? Hoping they stay below the threshold for being targeted by LE?
What escapes me is how they solve the problem of having to provide a shipping address at some point. That seems like the real weak point to me, as a buyer. (Yes, I know, PO boxes exist, but to my knowledge, renting one usually requires some form of ID).
Anyone knows how the actual customers solve this dilemma? Hoping they stay below the threshold for being targeted by LE?
Is someone sending you a package sufficient proof you ordered said package to base a prosecution on?
No, it's not. The reasoning is that you could send your enemy a package full of coke, then call the cops on him. Doesn't hold up.
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