thebaron (OP)
|
|
November 10, 2012, 03:20:43 PM |
|
If it continues to be down, this weekend? Next week?
|
|
|
|
adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
|
|
November 10, 2012, 03:24:03 PM |
|
if Silk Road is down for ever
i'd buy up ALL the bitcoins, because you just watch as 5 new SilkRoad wannabees all pop up
|
|
|
|
AndrewBUD
|
|
November 10, 2012, 03:24:19 PM |
|
I doubt it will.. It always goes down... seems like a regular thing lately..
|
|
|
|
| 365 | TM | | | | EZ365 is a digital ecosystem that combines the best aspects of online gaming, cryptocurrency trading and blockchain education. ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | | ..WHITEPAPER.. ..INVESTOR PITCH..
| | | | .'M████▀▀██ ██ W█Ws'V██ ██▄▄███▀▀█ i█████m.~M████▀▀██ ███ d███████Ws'V██ ██████ ****M██████m.~███f~~__mW█ ██▀▀▀████████= Y██▀▀██W ,gm███████ g█████▄▄▄██ █A~`_WW Y█ ██!,████████ g▀▀▀███ ████▀▀`_m████i!████P W███ ██ _███▄▄▄██▀▀▀███Af`_m███ █W ███A ]███ ██ __ ~~~▀▀▀▀▄▄▄█*f_m██████ ██i!██!i███████ Y█████▄▄▄▄__. i██▀▀▀██████████ █!,██████ 8█ █▀▀█████.!██ ██████████i! █████ '█ █ █ █W M█▄▄▄██████ ██ !██ !███▄▄█ ██i'██████████ ██ Y███████████.]██████████████ █ ███████b ███ ██████ Y █ █▀▀█i!██ ████ V███ █ █W Y█████ ~~▀███▄▄▄█['███ ~~*██ | | Play | | | | │ │ ███ │ ███ │ ███ │ │ ███ ███ │ ███ ███ ███ ███ │ ███ ███ ███ ███ ███ ███ ███ ███ ███ │ │ ███ ███ │ │ │ │ │ | | Trade | | | | __▄▄████▄▄ __▄▄███████████████▄▄▄ _▄▄█████████▀▀~`,▄████████████▄▄▄ ~▀▀████▀▀~`,_▄▄███████████████▀▀▀ d█~ =▀███████████████▀▀ ]█! m▄▄ '~▀▀▀████▀▀~~ ,_▄▄ ,W█. *████▄▄__ ' __▄▄█████ !██P █████████████████████ W█. - ██████████████████▀ i██[ ~ ▀▀█████████▀▀▀ g███! Y███ | | Learn |
[/tabl
|
|
|
adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
|
|
November 10, 2012, 03:26:54 PM |
|
I doubt it will.. It always goes down... seems like a regular thing lately..
well hopefully they will do some upgrade soon, if not i hope someone can make a better tor site that can handle the traffic
|
|
|
|
AndrewBUD
|
|
November 10, 2012, 03:38:16 PM |
|
They did just do an upgrade.... It seemed quicker for a little while....
Try that reloaded site... it's similar... a handful of vendors from sr are there.
|
|
|
|
| 365 | TM | | | | EZ365 is a digital ecosystem that combines the best aspects of online gaming, cryptocurrency trading and blockchain education. ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | | ..WHITEPAPER.. ..INVESTOR PITCH..
| | | | .'M████▀▀██ ██ W█Ws'V██ ██▄▄███▀▀█ i█████m.~M████▀▀██ ███ d███████Ws'V██ ██████ ****M██████m.~███f~~__mW█ ██▀▀▀████████= Y██▀▀██W ,gm███████ g█████▄▄▄██ █A~`_WW Y█ ██!,████████ g▀▀▀███ ████▀▀`_m████i!████P W███ ██ _███▄▄▄██▀▀▀███Af`_m███ █W ███A ]███ ██ __ ~~~▀▀▀▀▄▄▄█*f_m██████ ██i!██!i███████ Y█████▄▄▄▄__. i██▀▀▀██████████ █!,██████ 8█ █▀▀█████.!██ ██████████i! █████ '█ █ █ █W M█▄▄▄██████ ██ !██ !███▄▄█ ██i'██████████ ██ Y███████████.]██████████████ █ ███████b ███ ██████ Y █ █▀▀█i!██ ████ V███ █ █W Y█████ ~~▀███▄▄▄█['███ ~~*██ | | Play | | | | │ │ ███ │ ███ │ ███ │ │ ███ ███ │ ███ ███ ███ ███ │ ███ ███ ███ ███ ███ ███ ███ ███ ███ │ │ ███ ███ │ │ │ │ │ | | Trade | | | | __▄▄████▄▄ __▄▄███████████████▄▄▄ _▄▄█████████▀▀~`,▄████████████▄▄▄ ~▀▀████▀▀~`,_▄▄███████████████▀▀▀ d█~ =▀███████████████▀▀ ]█! m▄▄ '~▀▀▀████▀▀~~ ,_▄▄ ,W█. *████▄▄__ ' __▄▄█████ !██P █████████████████████ W█. - ██████████████████▀ i██[ ~ ▀▀█████████▀▀▀ g███! Y███ | | Learn |
[/tabl
|
|
|
ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
|
|
November 10, 2012, 05:31:47 PM |
|
if Silk Road is down for ever
i'd buy up ALL the bitcoins, because you just watch as 5 new SilkRoad wannabees all pop up
Why didn't they already? Independently of SR being up or down. My guess it doing that takes a while and you'd have to find the guts and environment to do it.
|
|
|
|
FreeMoney
Legendary
Offline
Activity: 1246
Merit: 1016
Strength in numbers
|
|
November 10, 2012, 06:51:27 PM |
|
if Silk Road is down for ever
i'd buy up ALL the bitcoins, because you just watch as 5 new SilkRoad wannabees all pop up
Why didn't they already? Independently of SR being up or down. My guess it doing that takes a while and you'd have to find the guts and environment to do it. Because the risk/cost is X and while SR is open the reward is X/5 and when SR is down the reward is 5X.
|
Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
|
|
|
ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
|
|
November 10, 2012, 06:59:00 PM |
|
if Silk Road is down for ever
i'd buy up ALL the bitcoins, because you just watch as 5 new SilkRoad wannabees all pop up
Why didn't they already? Independently of SR being up or down. My guess it doing that takes a while and you'd have to find the guts and environment to do it. Because the risk/cost is X and while SR is open the reward is X/5 and when SR is down the reward is 5X. More like a factor of two for the first one. And it depends, if silkroad is beyond their load capacity already it might not even cut into their profit at all just provide a service where silkroad cannot handle it any more.
|
|
|
|
niko
|
|
November 10, 2012, 07:12:46 PM |
|
SR volume is a tiny fraction of Bitcoin economy. There are convincing estimates based on the academic study of SR published about four months ago.
|
They're there, in their room. Your mining rig is on fire, yet you're very calm.
|
|
|
Technomage
Legendary
Offline
Activity: 2184
Merit: 1056
Affordable Physical Bitcoins - Denarium.com
|
|
November 10, 2012, 07:43:16 PM |
|
Silk Road being down is more bullish than anything. The reason it's having trouble is the sheer amount of new users. It's growing too fast.
That is a so called positive problem.
If it's down indefinitely, then the price will tank (for some time) but that is unlikely to be the case.
|
Denarium closing sale discounts now up to 43%! Check out our products from here!
|
|
|
evoorhees
Legendary
Offline
Activity: 1008
Merit: 1023
Democracy is the original 51% attack
|
|
November 10, 2012, 07:47:25 PM |
|
SR is offline apparently because of huge traffic levels. Anyone who would sell btc on this news is pretty silly
|
|
|
|
jwzguy
|
|
November 10, 2012, 07:49:07 PM |
|
SR is offline apparently because of huge traffic levels. Anyone who would sell btc on this news is pretty silly That would indeed be silly. Actually selling BTC based on the belief that Silk Road will make or break it is pretty silly regardless. But out of curiosity, who made this apparent?
|
|
|
|
ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
|
|
November 10, 2012, 08:38:13 PM |
|
SR volume is a tiny fraction of Bitcoin economy. There are convincing estimates based on the academic study of SR published about four months ago.
I call bullshit on that. If you were writing the truth you'd cite that study in detail. But you didn't. SR is offline apparently because of huge traffic levels. Anyone who would sell btc on this news is pretty silly That would indeed be silly. Actually selling BTC based on the belief that Silk Road will make or break it is pretty silly regardless. It did make it so it can break it. But not necessarily so, it just might. This is speculation remember? We deal with possibilities...
|
|
|
|
FreeMoney
Legendary
Offline
Activity: 1246
Merit: 1016
Strength in numbers
|
|
November 10, 2012, 08:51:36 PM |
|
if Silk Road is down for ever
i'd buy up ALL the bitcoins, because you just watch as 5 new SilkRoad wannabees all pop up
Why didn't they already? Independently of SR being up or down. My guess it doing that takes a while and you'd have to find the guts and environment to do it. Because the risk/cost is X and while SR is open the reward is X/5 and when SR is down the reward is 5X. More like a factor of two for the first one. And it depends, if silkroad is beyond their load capacity already it might not even cut into their profit at all just provide a service where silkroad cannot handle it any more. obv I have no idea of the numbers, but it's the answer to your question of why not yet.
|
Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
|
|
|
BC12345
Newbie
Offline
Activity: 57
Merit: 0
|
|
November 10, 2012, 08:59:26 PM |
|
SR volume is a tiny fraction of Bitcoin economy. There are convincing estimates based on the academic study of SR published about four months ago.
I call bullshit on that. If you were writing the truth you'd cite that study in detail. But you didn't. I am not saying that the first statement is correct but I think maybe he was referring to this http://arxiv.org/pdf/1207.7139v1 (chapter 5.2 "Transaction volumes") paper.
|
|
|
|
theymos
Administrator
Legendary
Offline
Activity: 5404
Merit: 13498
|
|
November 10, 2012, 09:07:02 PM |
|
DoS attacks are really easy against Tor hidden services. The service can't block the attacker because all clients are anonymous. Tor hidden service introduction points can sometimes also be DoS-attacked. I wouldn't use Tor to run a site like this.
|
1NXYoJ5xU91Jp83XfVMHwwTUyZFK64BoAD
|
|
|
ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
|
|
November 10, 2012, 09:30:40 PM |
|
SR volume is a tiny fraction of Bitcoin economy. There are convincing estimates based on the academic study of SR published about four months ago.
I call bullshit on that. If you were writing the truth you'd cite that study in detail. But you didn't. I am not saying that the first statement is correct but I think maybe he was referring to this http://arxiv.org/pdf/1207.7139v1 (chapter 5.2 "Transaction volumes") paper. Thanks. I can also see why it wasn't cited, nobody with a straight mind would seriously consider the total transaction value of the Blockchain to be trade economic activity. And according to that paper SR even has 5-7% of that. You can easily double that if you consider that people have to buy the bitcoins somewhere, triple it if you consider that the wares are usually bought for fiat the first time and then double to triple that figure again to account for mixing. It's obvious that SR accounts for the majority of real economic activity even by that paper as it is obvious any bitcointalk member sharing the "bitcoinsm" philosophy will deny it whenever possible. Even to the point of purposefully misinterpreting the facts.
|
|
|
|
malevolent
can into space
Legendary
Offline
Activity: 3472
Merit: 1725
|
|
November 10, 2012, 09:42:46 PM |
|
DoS attacks are really easy against Tor hidden services. The service can't block the attacker because all clients are anonymous. Tor hidden service introduction points can sometimes also be DoS-attacked. I wouldn't use Tor to run a site like this.
What would you suggest? I2P, Freenet?
|
Signature space available for rent.
|
|
|
imanikin
|
|
November 10, 2012, 09:44:42 PM |
|
... It's obvious that SR accounts for the majority of real economic activity even by that paper as it is obvious any bitcointalk member sharing the "bitcoinsm" philosophy will deny it whenever possible. Even to the point of purposefully misinterpreting the facts.
I hope you are right then, and SR has been captured by the evil-doers, so that the exchange rate crashes, and people can buy cheaper Bitcoin again, before the drug kids come back online with their usual demand + the backlog...
|
|
|
|
thebaron (OP)
|
|
November 10, 2012, 09:53:48 PM |
|
Anyone who would sell btc on this news is pretty silly I'm not talking about panic selling, I'm talking about a price drop because they're aren't enough buyers to sustain the current bid/ask wall.
|
|
|
|
|