The Entire World Just Found Out about Bitcoin!

[Melbustus]

Except none of the comments I browsed were commenting on Bitcoin. They are all centered on Obama vs Romney releasing more/less tax returns.

Click the "load more comments" button at the bottom a bunch of times and then search the page for "bitcoin". There are a bunch of mentions in the comments, though unfortunately, most are pretty ignorant and stupid.

[1714245255]

1714245255

[smoothie]

Wow.  Gavin said there would be a big announcement in September.  I gotta admit, though, I didn't think he had it in him.

ROFL! 

Yeah no kidding lol!

[cypherdoc]

Wow.  Gavin said there would be a big announcement in September.  I gotta admit, though, I didn't think he had it in him.

ROFL! 

Yeah no kidding lol!

you need to add one more reason to your sig:  London Bitcoin Conference coming up.

[paraipan]

"The currency is traceable, even if users go by pseudonyms, Garzik said. Every transaction is stored in a "block chain," which he compares to "a public ledger.""

I know Jeff knows better.

Why does Jeff keep saying this when Silk Road has proven that law enforcement cannot trace tumbled coins?  

Because he knows better, got it 

[ribuck]

Not only is this a big mention for Bitcoin, it's also probably the first time Pastebin has made it to the mainstream media

[dissipate]

Not only is this a big mention for Bitcoin, it's also probably the first time Pastebin has made it to the mainstream media

I notice that Pastebin has not taken down the ransom notices. Hmm, I wonder why. Could it be that they are getting a massive number of hits off those notices? Perhaps the ransomer should be receiving profit sharing on the ad revenue.

[Akka]

Not only is this a big mention for Bitcoin, it's also probably the first time Pastebin has made it to the mainstream media

Huray for Pastebin.

Hopefully it will now not be viewed as evil hacker webside.

[cypherdoc]

maybe when Obama debates Romney we can get a stage banner with Bitcoin on it? 

oh, better yet; put the Bitcoin Seal on both podiums. 

[repentance]

"The currency is traceable, even if users go by pseudonyms, Garzik said. Every transaction is stored in a "block chain," which he compares to "a public ledger.""

I know Jeff knows better.

Why does Jeff keep saying this when Silk Road has proven that law enforcement cannot trace tumbled coins? 

It would be insanely stupid to publicly say that ransoms paid in BTC could never be traced.  It's also technically untrue.  The BTC can be traced - they don't ever disappear from the blockchain.  It's tying them to real world transactions and identities which can be difficult.  Just as delivery creates a point of vulnerability in the SR system, exchanging large amounts of BTC for cash or stuff also creates a vulnerability in illicit BTC transactions.

[tpantlik]

Not only is this a big mention for Bitcoin, it's also probably the first time Pastebin has made it to the mainstream media

Fail, if they use bitbin.it they will probably get more coins.  

[dissipate]

"The currency is traceable, even if users go by pseudonyms, Garzik said. Every transaction is stored in a "block chain," which he compares to "a public ledger.""

I know Jeff knows better.

Why does Jeff keep saying this when Silk Road has proven that law enforcement cannot trace tumbled coins? 

It would be insanely stupid to publicly say that ransoms paid in BTC could never be traced.  It's also technically untrue.  The BTC can be traced - they don't ever disappear from the blockchain.  It's tying them to real world transactions and identities which can be difficult.  Just as delivery creates a point of vulnerability in the SR system, exchanging large amounts of BTC for cash or stuff also creates a vulnerability in illicit BTC transactions.

If someone knows what they are doing, it would be near impossible to tie the coins to a person or physical location. First you tumble the coins through certain pooled accounts on Bitcoin based sites. Then, you sell the coins locally for cash, a small amount at a time. Granted, doing this with $1 million worth of coins is going to be a bit more challenging, but time would be be on the side of the 'hacker'. They could do it over weeks, months, years.

[labestiol]

"The currency is traceable, even if users go by pseudonyms, Garzik said. Every transaction is stored in a "block chain," which he compares to "a public ledger.""

I know Jeff knows better.

Why does Jeff keep saying this when Silk Road has proven that law enforcement cannot trace tumbled coins? 

It would be insanely stupid to publicly say that ransoms paid in BTC could never be traced.  It's also technically untrue.  The BTC can be traced - they don't ever disappear from the blockchain.  It's tying them to real world transactions and identities which can be difficult.  Just as delivery creates a point of vulnerability in the SR system, exchanging large amounts of BTC for cash or stuff also creates a vulnerability in illicit BTC transactions.

If someone knows what they are doing, it would be near impossible to tie the coins to a person or physical location. First you tumble the coins through certain pooled accounts on Bitcoin based sites. Then, you sell the coins locally for cash, a small amount at a time. Granted, doing this with $1 million worth of coins is going to be a bit more challenging, but time would be be on the side of the 'hacker'. They could do it over weeks, months, years.

Yes but you would need big pooled account hidden as tor services or equivalent. If you do it with known pooled accounts, pretty sure SS will give them a visit quite fast.

[HostFat]

It's coming also on italian news, but they are all cutting the "bitcoin" word. It doesn't appear anywhere

[dissipate]

Yes but you would need big pooled account hidden as tor services or equivalent. If you do it with known pooled accounts, pretty sure SS will give them a visit quite fast.

Silk Road is pretty big and I don't think they will be visiting Silk Road because they can't find where it is physically located. Put the coins in Silk Road, pull them back out little by little. You will blend in with all the other small time drug dealers operating on there.

[cypherdoc]

tomorrow we should see the explosion:

[FreeMoney]

tomorrow we should see the explosion:

Chart looks 2 days lagged.

[herzmeister]

No mention of Bitcoin in the German articles either:

http://www.focus.de/politik/ausland/us-wahl/secret-service-ermittelt-unbekannter-erpresst-romney-mit-geklauten-steuerdaten_aid_814166.html

They mention pastebin but not Bitcoin. 

[labestiol]

Yes but you would need big pooled account hidden as tor services or equivalent. If you do it with known pooled accounts, pretty sure SS will give them a visit quite fast.

Silk Road is pretty big and I don't think they will be visiting Silk Road because they can't find where it is physically located. Put the coins in Silk Road, pull them back out little by little. You will blend in with all the other small time drug dealers operating on there.

Agreed, that's the biggest pooled account operating as a tor service (that I know of).
Though to be correct, they theoretically could locate it, but they would need to control a big part of the tor network (please someone correct me if I'm wrong)

[pkdchqbb]

No information at all in Poland press. Only ONE article in hax0r blog.

[cypherdoc]

i wonder if this whole Romney Effect is one of Voorhees marketing campaigns?