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DougTanner
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October 02, 2013, 03:58:12 PM |
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I just did the same, surprised there hasn't been more of a reaction yet, but I guess it will take time for the news to spread to people who use Bitcoins exclusively for SR.  |
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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Walsoraj
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October 02, 2013, 03:59:14 PM |
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woa... we gonna crash hard. Single digits bros. get ready.
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adamstgBit
Legendary
 Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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October 02, 2013, 04:00:42 PM |
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woa... we gonna crash hard. Single digits bros. get ready.
sell sell sell!!!  LMAO |
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TheKoziTwo
Legendary
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Activity: 1552
Merit: 1047
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October 02, 2013, 04:00:54 PM |
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Tzupy
Legendary
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Activity: 2128
Merit: 1074
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October 02, 2013, 04:01:19 PM |
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The price would have dropped anyway in 2 - 3 days, but the news of SR seems to trigger a small avalanche of coins.
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DougTanner
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October 02, 2013, 04:01:24 PM |
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Ok, here it comes.  |
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ChartBuddy
Legendary
 Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 02, 2013, 04:03:12 PM |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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October 02, 2013, 04:03:21 PM |
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$3.6 MILLION WORTH OF BITCOIN HAS ALSO BEEN SEIZED
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FNG
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October 02, 2013, 04:03:33 PM |
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Interesting quote: Now, my goals have shifted. I want to use economic theory as a means to abolish the use of coercion and agression amongst mankind. Just as slavery has been abolished most everywhere, I believe violence, coercion and all forms of force by one person over another can come to an end. The most widespread and systemic use of force is amongst institutions and governments, so this is my current point of effort. The best way to change a government is to change the minds of the governed, however. To that end, I am creating an economic simulation to give people a first-hand experience of what it would be like to live in a world without the systemic use of force. Looks like this may very well be the guy. Seems like a stupid think to say if you're running SR. Time to do some digging.. |
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Rampion
Legendary
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Activity: 1148
Merit: 1018
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October 02, 2013, 04:04:00 PM |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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October 02, 2013, 04:05:01 PM |
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Interesting quote: Now, my goals have shifted. I want to use economic theory as a means to abolish the use of coercion and agression amongst mankind. Just as slavery has been abolished most everywhere, I believe violence, coercion and all forms of force by one person over another can come to an end. The most widespread and systemic use of force is amongst institutions and governments, so this is my current point of effort. The best way to change a government is to change the minds of the governed, however. To that end, I am creating an economic simulation to give people a first-hand experience of what it would be like to live in a world without the systemic use of force. Looks like this may very well be the guy. Seems like a stupid think to say if you're running SR. Time to do some digging.. what he says is not stupid, read it again... |
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TheKoziTwo
Legendary
Offline
Activity: 1552
Merit: 1047
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October 02, 2013, 04:11:27 PM |
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The problem with running a black market is that anything you write will be analyzed. Any specific writing pattern you have could be matched. Say you often spell a word wrong or use a specific phrase. Those will be searched and if they find a match on the clearnet you can easily be identified. Now there is no secret that hidden services on Tor are not anonymous [source], but he could still have been anonymous if he paid for the server anonymously etc. It will be interested to see if any information on how he got caught will come out. It's a sad day for bitcoin. He is unfortunate to be a US citizen. He may never be released from prison after this. And what will happen to all the bitcoins hold by people on silk road? |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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October 02, 2013, 04:15:48 PM |
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what will happen to all the bitcoins hold by people on silk road?
the Fed should open up the site so they can get everyone to withdraw their bitcoins, at least the buyer accounts  |
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MickeyT2008
Sr. Member
Offline
Activity: 350
Merit: 250
This account was recently hacked
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October 02, 2013, 04:16:15 PM |
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DougTanner
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October 02, 2013, 04:22:16 PM |
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First big sell.  |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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October 02, 2013, 04:22:30 PM |
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FNG
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October 02, 2013, 04:26:58 PM |
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what he says is not stupid, read it again...
It's a stupid thing to say if you run a black market... Exactly. My point with the comment |
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rabsie
Newbie
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Activity: 41
Merit: 0
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October 02, 2013, 04:29:57 PM |
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So how low do we go???
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ArticMine
Legendary
Offline
Activity: 2282
Merit: 1050
Monero Core Team
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October 02, 2013, 04:31:05 PM |
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what will happen to all the bitcoins hold by people on silk road?
the Fed should open up the site so they can get everyone to withdraw their bitcoins, at least the buyer accounts They wont. They have already seized $3.6 million USD worth of BTC according to the BBC. This translates to about 26000 BTC. The questions become how much more BTC does Mr Ulbricht aka Dread Pirate Roberts have that the US Government can seize? Furthermore what will the US Government do with all the Bitcoins they now have? |
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Walsoraj
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October 02, 2013, 04:31:12 PM |
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So how low do we go???
single digits. the party is just beginning. |
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