everyone that deals with bitcoin is a crook..
there you said it. |
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gox obviously dropped em
If by dropped em you mean the DHS SEIZED their account, yes. It seems dwolla isn't into this kind of clusterfuck. |
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Panic buys as a result of Dwolla closing?
hmm... might be time for me to turn bull and buy in...
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I highly doubt we make up for only 0.1% of their users...
I don't. |
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RippleLabs doesn't even know my name, how are they supposed to give anything to the Gov?
As far as I know you are stuck with the key that RippleLabs give you, so if the ledger is transparent all your transactions are traceable to your ripple account. Correct me if I'm wrong. Wouldn't be that hard to link an account to a person if that person starts using ripple payment network for many transactions. The ripple ledger doesn't store names. The people I trust would know my name, they would have to ask them. And since the govt doesn't know the names of the people I trust either, I can't see how that would be accomplished. It's more likely that the goverment gets out your bitcoin addresses from mtgox...verification duh. |
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RippleLabs doesn't even know my name, how are they supposed to give anything to the Gov?
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Lets just say it will give us something to talk about for months to come.  |
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if FBI sells bitcoin, does that mean its perfectly legal for the CIA to buy them?  They'll most likely auction them off, and probably it gets picked up by the press. So I think them selling the coins on an exchange is unlikely. |
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Thanks, I was starting to get paranoid.
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A website going down was one thing but if the MERCHANTS keep getting busted left and right, then the network of trust will be broken and fear will take over,. Some business may continue but the average joe will drop out, decreasing volume/demand. Get your fiat ready.
Yes that is how the theory goes. |
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I wonder how many bitcoins are trapped inside silkroad accounts
According to the news, about 26,000. Feds seized their hot wallet. Actually it's less than I would have guessed, but then there might be other funds that didn't get seized but are in some kind of a limbo right now, and possibly forever lost. The problem is not the SR hotwallet, but his cold wallet, it contains 600.000 privatly owned BTCs. Sometime there comes the time where these btcs will be sold at the market, hope that this is not the case in the next months. Not so tragic. Mtgox 30-day Volume 494,497.2540031 BTC Bitstamp 30-day Volume372,650.87323175 BTC How much of it are the same Bitcoins being traded back and forth? |
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there are illegal coffeshops where I live.
Do they sell illegal coffee, or is coffeeshop a euphemism for something else? I assumed everybody is familiar with the term, they aren't actually called that way, but you can also drink coffee there. In fact you have to... |
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But Bitcoin is something else also, it's a proof of concept, more academic work rather than what it is made out to be now. That alone doesn't have to be a bad thing, but that it wasn't made to handle the requirements very well is. The distributed blockchain for example is prohibitive expensive, it doesn't suit to store every transaction ever made on every node. The list goes on, proof of work consumes too much energy, transaction conformation time is to long to be suited for a POS system, etc...
It's a immature concept in every way, and one way or the other it is going to be replaced by a successor which was made with those things in mind, not just patched.
OK enough digressions.
This idea is not digression in the long term bear scenario, just a digressions short term. But honestly you don't need Bitcoin to be a POS system to be successful, it would be better used as a means of settlement much like gold was in the early 1900's and the excessive energy usage really just results in waste heat, and in any efficient system waste provides food for another part of the system, so it isn't waste but an available resource. So while I agree it is a proof of concept I don't share your pessimism. The optimists also advertise Bitcoin as a tool which supposedly has those characteristics, and while it hasn't much of the speculation is based on these misinformed decisions. |
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ElectricMucus
have you ever bought any drugs?
there are illegal coffeshops where I live. |
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If you uploaded your avatar recently, it may have been lost in the move.
Then why doesn't it show my old one? |
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The sellers there gonna get busted eventually if they did business on SR recently. Then, who do you think gonna buy there now, under these conditions?
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I'm sure there are already vendors on other tor market sites who never used SR
surewell ya... someone even listed some the dark urls yesterday. so what? |
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I'm sure there are already vendors on other tor market sites who never used SR
sureI think there aren't. |
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