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Title: 2012-11-07 theherald.com.au - Detectives follow the Silk Road Post by: julz on November 07, 2012, 06:02:44 AM (Newcastle Herald)
Just a single mention of Bitcoin Quote Detectives follow the Silk Road Lauren Vardy 2012-11-07 http://www.theherald.com.au/story/734298/detectives-follow-the-silk-road/?cs=12 A LUCRATIVE website that sells illegal drugs is proving a challenge for Esperance detectives to rein in its activities, but as they turn their attention to the online marketplace, detectives are finding local deliveries have “practically stopped.” The Silk Road website, which is achieving an estimated $22 million a year in sales, functions similarly to a black market version of eBay, where drugs such as ecstasy and cocaine sell for far less than their street value in Australia. Users can access the service using TOR software, designed to mask the user’s location and details, before payment is made via the encrypted digital currency Bitcoin. ... Title: Re: 2012-11-07 theherald.com.au - Detectives follow the Silk Road Post by: deepceleron on November 07, 2012, 06:13:22 AM (Newcastle Herald) The Bitcoin protocol does not use encryption. It is only encrypted in that understanding it uses words bigger than reporters are used to.Just a single mention of Bitcoin Quote Detectives follow the Silk Road Lauren Vardy 2012-11-07 http://www.theherald.com.au/story/734298/detectives-follow-the-silk-road/?cs=12 A LUCRATIVE website that sells illegal drugs is proving a challenge for Esperance detectives to rein in its activities, but as they turn their attention to the online marketplace, detectives are finding local deliveries have “practically stopped.” The Silk Road website, which is achieving an estimated $22 million a year in sales, functions similarly to a black market version of eBay, where drugs such as ecstasy and cocaine sell for far less than their street value in Australia. Users can access the service using TOR software, designed to mask the user’s location and details, before payment is made via the encrypted digital currency Bitcoin. ... Title: Re: 2012-11-07 theherald.com.au - Detectives follow the Silk Road Post by: julz on November 07, 2012, 06:44:04 AM Quote Users can access the service using TOR software, designed to mask the user’s location and details, before payment is made via the encrypted digital currency Bitcoin. The Bitcoin protocol does not use encryption. It is only encrypted in that understanding it uses words bigger than reporters are used to.... I guess the notion of a currency relying on cryptography, yet not actually being encrypted isn't exactly intuitive. Would it make sense to describe it as a 'cryptographically signed currency'? Even that is a bit misleading I guess. 'A currency which makes use of cryptographic signing'? 'A cryptographically secured digital currency'? Somehow I think this is going to be a common mistake. Title: Re: 2012-11-07 theherald.com.au - Detectives follow the Silk Road Post by: DublinBrian on November 07, 2012, 11:06:13 AM Quote from: the Herald.com.au “Australia Post sees around 100 parcels come through its doors each day in Esperance,” Det Sgt Harris said. Eight Silk Road packages per week is a lot for town as small as Esperance. According to wikipedia Esperance only has a population of 9,536. Then I found the article below which indicates that the small town of Esperance was home to a couple of big SR buyers, who were probably reselling.“For the first few weeks, they were finding up to eight packages a week and are now able to spot the signs of a Silk Road parcel straight away.” Since September 5, Esperance detectives and Australia Post have intercepted just over 30 packages, containing approximately 0.5kg of cannabis, around 200g of synthetic cannabis, around 5g of methylamphetamine, 1g of cocaine, around 400 tabs of LSD and 30 ecstasy tablets as well as seizing prescription medication such as oxycontin. Quote Police have seized cannabis, ecstasy and speed bought from an underground website described as an "eBay for drugs" after two teenage brothers were allegedly caught importing the drugs to Esperance from Melbourne and Canada. http://au.news.yahoo.com/thewest/a/-/newshome/14980079/brothers-in-court-over-online-drugs/The brothers, aged 15 and 17, were last week charged with possessing cannabis with intent to sell and supply. They faced further drug charges, including possession of LSD, when they appeared in Esperance Magistrate's Court on Monday. Police allege the pair bought the drugs through a website known as The Silk Road, which has been operating for about 18 months. It looks like this bust wasnt as a result of an effective police investigation but due to the fact that they were ratted out by their parents. Quote The boys' parents approached Esperance police because they were concerned at packages they were receiving through the mail. Staff at the local Australia Post sorting depot had also become concerned. Detectives launched an investigation dubbed Operation Cinder and identified the source of the drugs as The Silk Road. Title: Re: 2012-11-07 theherald.com.au - Detectives follow the Silk Road Post by: Gabi on November 07, 2012, 01:31:58 PM Quote illegal drug illegal for WHO? ::)what a fail article Title: Re: 2012-11-07 theherald.com.au - Detectives follow the Silk Road Post by: paraipan on November 07, 2012, 01:54:42 PM ... It looks like this bust wasnt as a result of an effective police investigation but due to the fact that they were ratted out by their parents. Quote The boys' parents approached Esperance police because they were concerned at packages they were receiving through the mail. Staff at the local Australia Post sorting depot had also become concerned. Detectives launched an investigation dubbed Operation Cinder and identified the source of the drugs as The Silk Road. http://ozhouse.wpengine.netdna-cdn.com/files/2012/09/double_facepalm.jpg Title: Re: 2012-11-07 theherald.com.au - Detectives follow the Silk Road Post by: kiba on November 07, 2012, 02:36:29 PM One of the dumbest irreversible mistakes that they could made in their young lives.
Title: Re: 2012-11-07 theherald.com.au - Detectives follow the Silk Road Post by: kjlimo on November 07, 2012, 03:07:24 PM One of the dumbest irreversible mistakes that they could made in their young lives. meh, at least they still have their health! |
