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Topic: Who knows pirateat40 in real life? (Read 5861 times)

legendary
Activity: 1316
Merit: 1000
Si vis pacem, para bellum
August 08, 2012, 10:30:00 AM
#48
What are the chances the cia is buying all the bitcoins they can on the sly because they know the usd is about to collapse as the worlds reserve currency and they are just getting as much of the replacement as they can before the russians or chinese do ?

In  this case there is unlimited fiat at their disposal and they can just run the presses to gather as many bitcoins as they can.


if the CIA  or the FED were buying coins ,theres no reason they would stop at 11usd

esp if fiat was about to collapse
hero member
Activity: 1078
Merit: 502
August 08, 2012, 07:55:11 AM
#47
No idea..



I think SR has grown since they did this study... some vendors alone would be doing $400k in monthly sales..


1 guy I talk to on there moves a kilo of coke every couple days... say 15 kilo's a month... x $25k = a lot of money Tongue



has to be something not so legal... possibly SR is only a small part of it Smiley
legendary
Activity: 1400
Merit: 1000
I owe my soul to the Bitcoin code...
August 08, 2012, 07:47:50 AM
#46
Why would SR even need 'tumbling services'. Have there been instances where someone has said 'Oh your coins came from SR they are no good here'? I just don't think it is a necessary thing unless SR is actually paying taxes on their revenue which is another long stretch.
hero member
Activity: 686
Merit: 500
Wat
August 08, 2012, 07:39:57 AM
#45
What are the chances the cia is buying all the bitcoins they can on the sly because they know the usd is about to collapse as the worlds reserve currency and they are just getting as much of the replacement as they can before the russians or chinese do ?

In  this case there is unlimited fiat at their disposal and they can just run the presses to gather as many bitcoins as they can.
donator
Activity: 1218
Merit: 1079
Gerald Davis
August 08, 2012, 07:25:22 AM
#44
and you believe that? They have no idea of knowing and each day would be different. Those numbers were probably pulled by the number of forum users or someshit.

Well it was an almost year long research project at the University of Carnegie Mellon.

http://arxiv.org/pdf/1207.7139v1.pdf

Quote
Abstract
We perform a comprehensive measurement analysis of Silk Road, an anonymous, international online marketplace that operates as a Tor hidden service and uses Bitcoin as its exchange currency. We  gather and analyze data over eight months between the end of 2011 and 2012, including daily crawls of the marketplace for nearly six months in 2012. We obtain a detailed picture of the type of goods being sold on Silk Road, and of the revenues made both by sellers and Silk Road operators. Through examining over 24,400 separate items sold on the site, we show that Silk Road is overwhelmingly used as a market for controlled substances and narcotics. A relatively small “core” of about 60 sellers has been present throughout our measurement interval, while the majority of sellers leaves (or goes “underground”) within a couple of weeks of their first appearance. We evaluate the total revenue made by all sellers to approximately USD 1.9 million per month; this corresponds to about USD 143,000 per month
in commissions perceived by the Silk Road operators. We further show that the marketplace has been operating steadily, with daily sales and number of sellers overall increasing over the past few months. We discuss economic and policy implications of our analysis and results, including ethical considerations for future research in this area.

They did a complete scrape of the entire SR every day for eight months and dumped the listings, feedback, and order statuses into a database.  From that and analyzing the daily changes and timestamps they built a model to extrapolate daily and monthly volume.    Slight more than just "pulled by the number of forum users or someshit".

While obviously is some error (it is an estimate) it is the most detailed look at the SR yet.   It seems unlikely their methodology would be so bad that they are off by a magnitude.   Their estimate is SR operator has gross revenue of ~$200K per month.   If it is $150K or $400 it doesn't really material change the assessment that Pirate operation is simply too large to be the SR tumbler.  Hell even if the SR operator GROSS REVENUE was $2 million (a stretch to think their methodology was that inaccurate) it seems very unlikely they would give 60% of that away for "tumbling services".
sr. member
Activity: 278
Merit: 250
August 07, 2012, 09:33:21 PM
#43
Am I the only one who thinks Pirates wardrobe choice was intentional?

Black hat.  White collar.

Good choice, imho.
legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
August 07, 2012, 01:13:23 PM
#42
This must be my fault but I just looked up Kevin Day (a comedian apparently) and I totally miss the reference here. Care to explain the joke?  Wink


Meet Kevin Day: https://bitcointalksearch.org/topic/im-kevin-heres-my-side-20207
legendary
Activity: 2324
Merit: 1125
August 07, 2012, 01:07:50 PM
#41
This must be my fault but I just looked up Kevin Day (a comedian apparently) and I totally miss the reference here. Care to explain the joke?  Wink

legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
August 07, 2012, 12:53:25 PM
#40

Wouldn't it be so funny if both sites were related via Kevin Day?

~Bruno~
legendary
Activity: 2324
Merit: 1125
legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
August 07, 2012, 12:08:50 PM
#38
Is it me or is it just white guys and one asian chick in this picture?

Sexist racist Wink

myfreecams.com meetup  Grin
sr. member
Activity: 336
Merit: 250
August 07, 2012, 09:39:01 AM
#37
and you believe that? They have no idea of knowing and each day would be different. Those numbers were probably pulled by the number of forum users or someshit.
I've not had time to read it myself (it's in "bitcoin discussion") but I think they came to those conclusions based on SR's feedback system.
legendary
Activity: 2324
Merit: 1125
August 07, 2012, 12:59:28 AM
#36
Is it me or is it just white guys and one asian chick in this picture?

Sexist racist Wink
hero member
Activity: 1078
Merit: 502
August 06, 2012, 11:08:36 PM
#35
Remind you of most of your high school parties?


10:1 sausage ratio ?
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
August 06, 2012, 09:59:19 PM
#34
Thanks to all of you that came and sorry I couldn't spend more time with everyone.  I know a few of you were there and didn't get a chance to meet you.

Here is everyone that showed up.



We will do it again!!!

I -think- I recognize Pirate, Goat, OneFixt, and Gigavps in there, but the rest are just guesses.
I got pirate, giga, goat, copumpkin, burtw, and I think reeses.

Is it me or is it just white guys and one asian chick in this picture?
hero member
Activity: 1078
Merit: 502
August 06, 2012, 03:14:10 PM
#33
and you believe that? They have no idea of knowing and each day would be different. Those numbers were probably pulled by the number of forum users or someshit.
sr. member
Activity: 336
Merit: 250
August 06, 2012, 03:07:34 PM
#32
How do you figure? You have no idea what kind of profits SR is bringing in.... 10% of all tx's under a few hundred....  Has to be a rather large chunk of money... Remember all vendors pay a 30BTC vendors fee..


SR buyers also get charged for cancelled orders if their purchase was "Hedged" Lots of little fees

There's a thread here somewhere - some agency or other analysed the silk road and worked out total trade was about $1.9 million per month and total fees for the operators were about $130,000 per month.

Pirate's interest payments however amount to about $1.2 million this month.

However, looking at BitcoinMax as a sample, new investment exceeded interest payments by a fair chunk in July.
sr. member
Activity: 336
Merit: 250
August 06, 2012, 02:57:19 PM
#31
Hilarious thread.

No. 7 at the table is reeses, I believe.

Also, in texas, you can wear hats inside.
legendary
Activity: 1316
Merit: 1000
Si vis pacem, para bellum
August 06, 2012, 02:49:13 PM
#30
my old  landlord took his retirement early  and bought up all the deserted buildings   he could in the late  80s for peanuts

he renovated them all into condos and then the E.U  property boom kicked in and prices of real estate skyrocketed

3-4 story townhouses he converted into 6-12 unit condo buildings ,he made convenience stores and coffee shops below many of his buildings

in the next 17 years he ended up owning half the city centre

even then he still wore old clothes ,drove an old shitty car and could be seen dumping garbage and painting walls himself even when he was about 65 and a millionaire god knows how many times over .....

its actually the pretentious people who are showing off  the illusion of wealth that i find are more pre-occupied by dress than the people who actually have $hitloads of wealth and dont need to prove it to anybody
hero member
Activity: 1078
Merit: 502
August 06, 2012, 12:43:55 PM
#29
How do you figure? You have no idea what kind of profits SR is bringing in.... 10% of all tx's under a few hundred....  Has to be a rather large chunk of money... Remember all vendors pay a 30BTC vendors fee..


SR buyers also get charged for cancelled orders if their purchase was "Hedged" Lots of little fees






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