Everyone lives in very separate locations, so each 'sting' would cost thousands of dollars per college kid to arrest in coordinated efforts, and some would fail because the address recipient wasn't the drug buyer.
edit:
Nobody has explained yet how the police could get good feedback, which is necessary to make lots of sales. Are they going to hack the site? lol
This is trivial. Bust a drug dealer, offer him or her prosecution immunity in return for setting up sting op. Done deal. So meanwhile the drug dealer is still selling drugs to maintain good feedback?? Bro, listen. I already explained this. Take 12 agents. Have 1 agents pretend to sell many times to the other 11 and have the 11 leave glowing feedback. It does not take much to get reputation on SR. Have you visited it? http://ianxz6zefk72ulzz.onion/ via Tor. And then two other people try to buy drugs and it drops below 100%. Sting fails. |
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Everyone lives in very separate locations, so each 'sting' would cost thousands of dollars per college kid to arrest in coordinated efforts, and some would fail because the address recipient wasn't the drug buyer.
edit:
Nobody has explained yet how the police could get good feedback, which is necessary to make lots of sales. Are they going to hack the site? lol
This is trivial. Bust a drug dealer, offer him or her prosecution immunity in return for setting up sting op. Done deal. So meanwhile the drug dealer is still selling drugs to maintain good feedback?? The moment someone doesn't get their drugs, they rant about it in the forums, and the drug dealer's rep is screwed. Sting fails. |
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Have you ever heard of "no-one gives a fuck?"
Again, no-one cares that a guy traded a brown paper bag containing a copious bowl movement that's held closed by scotch tape with a drawing made by his 6 year old first born son on the front for a fancy yacht.
I mean, really? Every odd sale or trade on craigslist is newsworthy? Enough to drive market speculation on the bags of shit exchange?
I love it here, I really do.
No, no one cares because people buy things on craigslist in cash (USD). People have been buying cars in cash since they were invented. To my knowledge, no one has ever bought a car with bitcoins. I don't think Synaptic has ever spent more than $200 before, from his mom's credit card. |
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This is an important point. I think that many folks here think that the Government is "dumb". It is *not*. It may be operating along principles that you disagree with, but it is most definitely not stupid. Undercover agents can't pose as dealers because they don't have good reputation and good feedback from successful sales. Furthermore, they lack early number userids.
Driving in a car is "crazy" for someone who spent their whole life in the Amazon rain forest, but once they have done it enough they know it is safe. Like buying on the Silk Road.
I think you vastly underestimate the resourcefulness and long term planning of Federal law enforcement. ...oh wait. imperi. NVM, carry on. If you don't offer a way that law enforcement could *viably* disrupt Silk Road, rather than take down a dozen or so buyers (and generate lots of free publicity), then you don't have a valid argument. It would only take a dozen stings to disrupt confidence in the community. So the community would move to the next place (minus a certain percent of people who get too scared), and so would the agents. That's how law enforcement goes. Everyone lives in very separate locations, so each 'sting' would cost thousands of dollars per college kid to arrest in coordinated efforts, and some would fail because the address recipient wasn't the drug buyer. edit: Nobody has explained yet how the police could get good feedback, which is necessary to make lots of sales. Are they going to hack the site? lol |
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This is an important point. I think that many folks here think that the Government is "dumb". It is *not*. It may be operating along principles that you disagree with, but it is most definitely not stupid. Undercover agents can't pose as dealers because they don't have good reputation and good feedback from successful sales. Furthermore, they lack early number userids.
Driving in a car is "crazy" for someone who spent their whole life in the Amazon rain forest, but once they have done it enough they know it is safe. Like buying on the Silk Road.
I think you vastly underestimate the resourcefulness and long term planning of Federal law enforcement. ...oh wait. imperi. NVM, carry on. If you don't offer a way that law enforcement could *viably* disrupt Silk Road, rather than take down a dozen or so buyers (and generate lots of free publicity), then you don't have a valid argument. |
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The illegal transactions alone are enough to sustain SOME value. Yeah, but only to the extent that it provides for a convenient number, perhaps $1/1BTC. The actual value could be $0.01, just something against which an exchange rate can be had for real currency. People using Silk Road don't give a shit what that value of BTC is. It's just an anonymizing proxy. USD, etc. -> BTC -> USD, etc. If the value is $0.01, then one person can spend 10k and get 1 million bitcoins. So I think that is under-valued. |
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Undercover agents can't pose as dealers because they don't have good reputation and good feedback from successful sales. Furthermore, they lack early number userids.
True, that is a big part of the SR community (reputation and early userids). However, if a drug is priced just a little bit cheaper, there will be people who buy it even if the guy doesn't have much reputation. And BTW, the agents can just work together over a few months and build up reputation. So the agents would sell real drugs to people? This is what you're saying? lol |
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Undercover agents can't pose as dealers because they don't have good reputation and good feedback from successful sales. Furthermore, they lack early number userids.
Driving in a car is "crazy" for someone who spent their whole life in the Amazon rain forest, but once they have done it enough they know it is safe. Like buying on the Silk Road.
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Just because you can't think of any potential newsworthy events, that doesn't mean there aren't any. It just means you have a limited imagination.
And what about your imagination? I just responded to someone who took a shot and took the piss out of him easily. C'mon everyone, try it. Let's all use our imaginations to come up with something that might show up in THE ECONOMIST again, or THE NEW YORK POST, or TIME. Or really any publication that has a wide audience. So if there aren't daily articles in the New York Times about Bitcoin, it's dying? |
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Ok, this is just blatant trolling. It must be Friday. Just saying, if we're to say that the primary economic value of bitcoins are illegal transactions... This is pure bullshit and heresy! Got any numbers to back that up or are you just assuming shit from what you read in big media? Please tell me, who in their right mind will run to SR to get illegal drugs after such huge media exposure? there will more official agents honey-potting shit for buyers and sellers than there ever was on craiglist posing as escorts and men seeking women. anyone thinks silkroad is a safe place to get their fix is INSANE What's not safe about it? If you knew anything about you would know it's pretty secure. You only buy from sellers who have high ratings and good feedback. (btw I don't do drugs) |
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Having coins != being part of an organization.
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And a rapidly growing community means exactly jack shit to such a supposedly AMAZING financial instrument where there NO ECONOMY backing it up.
The Silk Road has thousands of members. Welcome to reality. Silk Road members should all be thrown in jail and forgotten about along with you for wanting to profit off the gains of the Cartels. If I have dollar bills, am I profiting off of cartels? Also I was talking about the existence of their business, not personal opinions about drug prohibition and enforcement. |
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I think Synaptic is bipolar and he is in a manic state right now. Soon he will be in a hospital.
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Yes, too bad for us. We (those of us who have bitcoins) could be millionaires if it weren't for people like you wanting to keep the bitcoin economy exclusive. I think the real problem is people like you that think Bitcoin is some kind of get-rich-quick scheme rather than being a currency. It prevents outsiders from seeing the potential and focusing solely on "ZOMG PONZI SCHEME!" I'm glad the price is currently stabilized because that's what we need, not volatility. Fractions? What fractions? We're not dealing with numbers like 1/2, 1/16, 1/5, 1/7, or whatever. Just decimals. Since we're being pedantic, decimals are fractions. They were originally called "decimal fractions". Stable prices are good for merchants, it means they don't need to keep readjusting their prices. I think the stable price is going to be a lot higher than the price right now though. I think if Bitcoin becomes prevalent then the price will fluctuate about as much as gold currently does. |
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I only send coins from my Linux server, and the wallets are always open.
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And a rapidly growing community means exactly jack shit to such a supposedly AMAZING financial instrument where there NO ECONOMY backing it up.
The Silk Road has thousands of members. Welcome to reality. |
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Look at the fucking charts, maybe? Idiot?
EDIT: and oh, btw, keep in mind that the value of the USD is falling., especially with the recent Bernanke news. Yeah, always remember that.
Oh I'm so sorry, struck a nerve, have I? I know it is bothersome to include some charts or links to what you are talking about, but since most people seem able to embed images of all kinds in these forums, I'm sure you can roust yourself to do the same. And I hate to point things out that turn your argument into so much mud scraped off a boot heel, but a declining dollar value would only change the USD/BTC valuation to the upside. You do know how that works, right? I'll be here when you get it all together, I know you are too busy queuing up your latest swearwords to answer coherently. Exactly dumbass, that's why the bitcoin valuation is even LOWER than perceived, because USD is taking another big hit to value, yet bitcoin's relative value still bleeds, and will continue to. And fuck you, do your own research if you want to be a part of this conversation. The evidence is all around you, just open your eyes and shut your mouth. Or at least, do some research before you flap your trap. Start here: bitcoincharts.com Bitcoincharts.com shows that the value of Bitcoins have doubled almost every month, on average, since the beginning. I think you need better sources to support your flawed arguments. HAHAHA, really? Like...seriously? The price of bitcoins doubled *almost* every month....ON AVERAGE...lol and here;s the best part, SINCE THE BEGINNING. Oh man, what a wonderful glut of qualifiers you've got there imperi.... Nice refutation, just copying what I said. What are you, 6 years old? |
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Look at the fucking charts, maybe? Idiot?
EDIT: and oh, btw, keep in mind that the value of the USD is falling., especially with the recent Bernanke news. Yeah, always remember that.
Oh I'm so sorry, struck a nerve, have I? I know it is bothersome to include some charts or links to what you are talking about, but since most people seem able to embed images of all kinds in these forums, I'm sure you can roust yourself to do the same. And I hate to point things out that turn your argument into so much mud scraped off a boot heel, but a declining dollar value would only change the USD/BTC valuation to the upside. You do know how that works, right? I'll be here when you get it all together, I know you are too busy queuing up your latest swearwords to answer coherently. Exactly dumbass, that's why the bitcoin valuation is even LOWER than perceived, because USD is taking another big hit to value, yet bitcoin's relative value still bleeds, and will continue to. And fuck you, do your own research if you want to be a part of this conversation. The evidence is all around you, just open your eyes and shut your mouth. Or at least, do some research before you flap your trap. Start here: bitcoincharts.com Bitcoincharts.com shows that the value of Bitcoins have doubled almost every month, on average, since the beginning. I think you need better sources to support your flawed arguments. |
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The number of members on the forum grows by almost 1% every day. That's pretty high growth if you ask me. The drop in price is because the growth forecast isn't as great as people expected back in June.
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If 200 people are registering every day, then how is it shrinking? Are you stupid or something?
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