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Author Topic: welcome to 2011, where sr affects the price of btc.  (Read 2739 times)
XXthetimeisnowXX (OP)
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May 01, 2013, 06:21:27 PM
 #1

like it or not sr is hurting BTC and we will see a decline until it is up and running. even though they are not the #1 market anymore for btc they do affect the price quite a bit.



man im in for some hate comments arnt I


let the hate begin  Tongue
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WikileaksDude
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May 01, 2013, 06:23:08 PM
 #2

They will fix it soon.

Otherwise will be the tor team fixing this DDoS exploit on their network.

This affects tor network big time.
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May 01, 2013, 06:23:54 PM
 #3

They will fix it soon.

Otherwise will be the tor team fixing this DDoS exploit on their network.

This affects tor network big time.

How exactly would the TOR team do that?

Bro, do you even blockchain?
-E Voorhees
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May 01, 2013, 06:26:18 PM
 #4

They will fix it soon.

Otherwise will be the tor team fixing this DDoS exploit on their network.

This affects tor network big time.

How exactly would the TOR team do that?

Because the attack is on TOR itself not Silk Road specifically. The attack is happening because of a weakness of the Tor protocol, the attacker can do this type of attack to any TOR hidden and Im sure its a safe bet its something they want to resolve.


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May 01, 2013, 06:31:00 PM
 #5

I would be glad to see Silk Road shut down for good.

I am an evangelical missionary heading to China. Donations are welcome here (dedicated wallet): 1H8iswayfTaRb6oe2WjMCRmchBJHYyfx9z
You can find more information about my plans here: http://btcmission.com
dg2010
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May 01, 2013, 08:43:12 PM
 #6

I've been saying this for ages. Silk Road is the single most driver of REAL bitcoin trade there is.

Most other "businesses" that accept bitcoin are doing very little volume. Whereas SilkRoad is pumping massive amounts through.

Bitpays announcement of $5m is absolute horse shit lies.
Gordonium
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May 01, 2013, 08:47:49 PM
 #7

If Silk Road would be shut down, competitors would take it's place. End of story.
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May 01, 2013, 08:50:02 PM
 #8

I've been saying this for ages. Silk Road is the single most driver of REAL bitcoin trade there is.

Most other "businesses" that accept bitcoin are doing very little volume. Whereas SilkRoad is pumping massive amounts through.

Bitpays announcement of $5m is absolute horse shit lies.
That's right. It's been two years now, and the only widely used economic application for Bitcoins I see besides Silk Road is Satoshi Dice (obviously besides speculation+mining). I'm willing to be proven wrong, though. Is there anything with more users and volume?

Most of Bitpay's claimed volume was due to Avalon's ASICs which were sold through them.
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May 01, 2013, 08:51:47 PM
 #9

I would be glad to see Silk Road shut down for good.

Why?

10% off at CampBX for LIFE:  https://campbx.com/main.php?r=C9a5izBQ5vq  ----  Authorized BitVoucher MEGA reseller (& BTC donations appreciated):  https://bitvoucher.co/affl/1HkvK8o8WWDpCTSQGnek7DH9gT1LWeV5s3/
LTC:  LRL6vb6XBRrEEifB73DiEiYZ9vbRy99H41  NMC:  NGb2spdTGpWj8THCPyCainaXenwDhAW1ZT
Jakel-s
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May 01, 2013, 08:53:54 PM
 #10

I would be glad to see Silk Road shut down for good.
You have a problem with a site that essentially removes crime from the unnecessarily prohibited drug trade? Then don't use it.
XXthetimeisnowXX (OP)
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May 01, 2013, 08:55:14 PM
 #11

I would be glad to see Silk Road shut down for good.

Why?

HE WANTS CHEEP COINS  Huh
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May 01, 2013, 08:55:40 PM
 #12

I would be glad to see Silk Road shut down for good.

Why?

Quote
Puritanism: the haunting fear that someone, somewhere is having a good time. - H.L. Mencken


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May 01, 2013, 08:56:50 PM
 #13

I've been saying this for ages. Silk Road is the single most driver of REAL bitcoin trade there is.

Most other "businesses" that accept bitcoin are doing very little volume. Whereas SilkRoad is pumping massive amounts through.

Bitpays announcement of $5m is absolute horse shit lies.

You are absolutely right. You better watch out though, you may crush the dreams of all the dreamers on here who think that bitcoin will survive without the Road.

+10
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May 01, 2013, 08:58:00 PM
 #14

I would be glad to see Silk Road shut down for good.

LOL. you are a closed minded douchbag.
XXthetimeisnowXX (OP)
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May 01, 2013, 08:59:36 PM
 #15

I would be glad to see Silk Road shut down for good.

Why?

Quote
Puritanism: the haunting fear that someone, somewhere is having a good time. - H.L. Mencken

+1 ha ......BTW love the name and the pick.... damn "the time is ..... not now"? ha
dbru77
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May 01, 2013, 09:10:53 PM
 #16

I've been saying this for ages. Silk Road is the single most driver of REAL bitcoin trade there is.

Most other "businesses" that accept bitcoin are doing very little volume. Whereas SilkRoad is pumping massive amounts through.

Bitpays announcement of $5m is absolute horse shit lies.

You are absolutely right. You better watch out though, you may crush the dreams of all the dreamers on here who think that bitcoin will survive without the Road.

+10

Definitely share these opinions. I believe SR related transactions are still the biggest real world appliance of BTC.
That might change in the future, but a huge part of the current demand for exchanging BTC originates from SR.


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May 01, 2013, 09:20:10 PM
 #17

In 2011 Silk Road was about 80-90% of Bitcoin transactions. Today it is closer to 20-30%.

Illegal transactions are actually a good thing, it shows that the system works.

When the government is going home to home confiscating weapons and bibles you will want a currency that can buy things the government does not like.

First seastead company actually selling sea homes: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
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May 01, 2013, 09:25:29 PM
 #18

In 2011 Silk Road was about 80-90% of Bitcoin transactions. Today it is closer to 20-30%.

Illegal transactions are actually a good thing, it shows that the system works.

When the government is going home to home confiscating weapons and bibles you will want a currency that can buy things the government does not like.

+1

Bitcoin success?  Impartiality.  Lady Liberty is blindfolded for this reason.

Let not an act or situation be prejudged to the extent that those in suspicion are immediately persecuted.  I do not want to live in a society where all is prejudged. 

Please see the movie (or read the book) 1984 for the outcome of such a judgmental society.


The point is not to right a wrong, but to allow all that is right.

"Bitcoin has been an amazing ride, but the most fascinating part to me is the seemingly universal tendency of libertarians to immediately become authoritarians the very moment they are given any measure of power to silence the dissent of others."  - The Bible
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May 01, 2013, 09:35:23 PM
 #19

In 2011 Silk Road was about 80-90% of Bitcoin transactions. Today it is closer to 20-30%.
Source? I haven't heard about new numbers from SR.
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May 01, 2013, 09:53:32 PM
 #20

I've been saying this for ages. Silk Road is the single most driver of REAL bitcoin trade there is.

Most other "businesses" that accept bitcoin are doing very little volume. Whereas SilkRoad is pumping massive amounts through.

Bitpays announcement of $5m is absolute horse shit lies.

If SR is so important to the bitcoin ecosystem maybe i should stop talking
so much to my friends about bitcoins... Embarrassed

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