welcome to 2011, where sr affects the price of btc. - page 2.

meowmeowbrowncow

sr. member

Activity: 322

Merit: 250

Quote from: Elwar on May 01, 2013, 05:20:10 PM

In 2011 Silk Road was about 80-90% of Bitcoin transactions. Today it is closer to 20-30%.

Illegal transactions are actually a good thing, it shows that the system works.

When the government is going home to home confiscating weapons and bibles you will want a currency that can buy things the government does not like.

+1

Bitcoin success? Impartiality. Lady Liberty is blindfolded for this reason.

Let not an act or situation be prejudged to the extent that those in suspicion are immediately persecuted. I do not want to live in a society where all is prejudged.

Please see the movie (or read the book) 1984 for the outcome of such a judgmental society.

The point is not to right a wrong, but to allow all that is right.

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

In 2011 Silk Road was about 80-90% of Bitcoin transactions. Today it is closer to 20-30%.

Illegal transactions are actually a good thing, it shows that the system works.

When the government is going home to home confiscating weapons and bibles you will want a currency that can buy things the government does not like.

dbru77

member

Activity: 66

Merit: 10

Quote from: meangreen on May 01, 2013, 04:56:50 PM

Quote from: dg2010 on May 01, 2013, 04:43:12 PM

I've been saying this for ages. Silk Road is the single most driver of REAL bitcoin trade there is.

Most other "businesses" that accept bitcoin are doing very little volume. Whereas SilkRoad is pumping massive amounts through.

Bitpays announcement of $5m is absolute horse shit lies.

You are absolutely right. You better watch out though, you may crush the dreams of all the dreamers on here who think that bitcoin will survive without the Road.

+10

Definitely share these opinions. I believe SR related transactions are still the biggest real world appliance of BTC.
That might change in the future, but a huge part of the current demand for exchanging BTC originates from SR.

XXthetimeisnowXX

sr. member

Activity: 252

Merit: 250

a wolf in sheeps clothing. suckerfish

Quote from: iCEBREAKER on May 01, 2013, 04:55:40 PM

Quote from: Crypt_Current on May 01, 2013, 04:51:47 PM

Quote from: Missionary on May 01, 2013, 02:31:00 PM

I would be glad to see Silk Road shut down for good.

Why?

Quote

Puritanism: the haunting fear that someone, somewhere is having a good time. - H.L. Mencken

+1 ha ......BTW love the name and the pick.... damn "the time is ..... not now"? ha

meangreen

member

Activity: 70

Merit: 10

Quote from: Missionary on May 01, 2013, 02:31:00 PM

I would be glad to see Silk Road shut down for good.

LOL. you are a closed minded douchbag.

meangreen

member

Activity: 70

Merit: 10

Quote from: dg2010 on May 01, 2013, 04:43:12 PM

I've been saying this for ages. Silk Road is the single most driver of REAL bitcoin trade there is.

Most other "businesses" that accept bitcoin are doing very little volume. Whereas SilkRoad is pumping massive amounts through.

Bitpays announcement of $5m is absolute horse shit lies.

You are absolutely right. You better watch out though, you may crush the dreams of all the dreamers on here who think that bitcoin will survive without the Road.

+10

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: Crypt_Current on May 01, 2013, 04:51:47 PM

Quote from: Missionary on May 01, 2013, 02:31:00 PM

I would be glad to see Silk Road shut down for good.

Why?

Quote

Puritanism: the haunting fear that someone, somewhere is having a good time. - H.L. Mencken

XXthetimeisnowXX

sr. member

Activity: 252

Merit: 250

a wolf in sheeps clothing. suckerfish

Quote from: Crypt_Current on May 01, 2013, 04:51:47 PM

Quote from: Missionary on May 01, 2013, 02:31:00 PM

I would be glad to see Silk Road shut down for good.

Why?

HE WANTS CHEEP COINS Huh

Jakel-s

member

Activity: 92

Merit: 10

Quote from: Missionary on May 01, 2013, 02:31:00 PM

I would be glad to see Silk Road shut down for good.

You have a problem with a site that essentially removes crime from the unnecessarily prohibited drug trade? Then don't use it.

Crypt_Current

hero member

Activity: 686

Merit: 500

Shame on everything; regret nothing.

Quote from: Missionary on May 01, 2013, 02:31:00 PM

I would be glad to see Silk Road shut down for good.

Why?

N12

donator

Activity: 1610

Merit: 1010

Quote from: dg2010 on May 01, 2013, 04:43:12 PM

I've been saying this for ages. Silk Road is the single most driver of REAL bitcoin trade there is.

Most other "businesses" that accept bitcoin are doing very little volume. Whereas SilkRoad is pumping massive amounts through.

Bitpays announcement of $5m is absolute horse shit lies.

That's right. It's been two years now, and the only widely used economic application for Bitcoins I see besides Silk Road is Satoshi Dice (obviously besides speculation+mining). I'm willing to be proven wrong, though. Is there anything with more users and volume?

Most of Bitpay's claimed volume was due to Avalon's ASICs which were sold through them.

Gordonium

sr. member

Activity: 392

Merit: 250

If Silk Road would be shut down, competitors would take it's place. End of story.

dg2010

sr. member

Activity: 462

Merit: 250

I've been saying this for ages. Silk Road is the single most driver of REAL bitcoin trade there is.

Most other "businesses" that accept bitcoin are doing very little volume. Whereas SilkRoad is pumping massive amounts through.

Bitpays announcement of $5m is absolute horse shit lies.

Missionary

full member

Activity: 224

Merit: 100

I would be glad to see Silk Road shut down for good.

hugolp

legendary

Activity: 1148

Merit: 1001

Radix-The Decentralized Finance Protocol

Quote from: lebing on May 01, 2013, 02:23:54 PM

Quote from: WikileaksDude on May 01, 2013, 02:23:08 PM

They will fix it soon.

Otherwise will be the tor team fixing this DDoS exploit on their network.

This affects tor network big time.

How exactly would the TOR team do that?

Because the attack is on TOR itself not Silk Road specifically. The attack is happening because of a weakness of the Tor protocol, the attacker can do this type of attack to any TOR hidden and Im sure its a safe bet its something they want to resolve.

lebing

legendary

Activity: 1288

Merit: 1000

Enabling the maximal migration

Quote from: WikileaksDude on May 01, 2013, 02:23:08 PM

They will fix it soon.

Otherwise will be the tor team fixing this DDoS exploit on their network.

This affects tor network big time.

How exactly would the TOR team do that?

WikileaksDude

hero member

Activity: 490

Merit: 500

They will fix it soon.

Otherwise will be the tor team fixing this DDoS exploit on their network.

This affects tor network big time.

XXthetimeisnowXX

sr. member

Activity: 252

Merit: 250

a wolf in sheeps clothing. suckerfish

like it or not sr is hurting BTC and we will see a decline until it is up and running. even though they are not the #1 market anymore for btc they do affect the price quite a bit.

man im in for some hate comments arnt I

let the hate begin Tongue

Topic: welcome to 2011, where sr affects the price of btc. - page 2. (Read 2746 times)