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btbrae
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October 02, 2013, 06:09:28 PM |
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There is more than one reason why this is good news for bitcoin but the market will always enter price discovery when you take out some of the market. We will see what happens, but for me this is the best news in some time for the bitcoin and crypto technology push.
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Chronikka
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October 02, 2013, 06:09:32 PM |
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a new SR will sprung up in no time.
do some searching...in tor of course  |
"The true sign of intelligence is not knowledge but imagination" -Albert Einstein
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favdesu
Legendary
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Activity: 1764
Merit: 1000
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October 02, 2013, 06:10:20 PM |
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first wave of panic sellers are through it seems
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Puppet
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Activity: 980
Merit: 1040
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October 02, 2013, 06:10:25 PM |
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BTW, tip for anyone with BTC but without exchange.. start shopping on bitmit.net. Most retailers there use 24hr average from bitcoinaverage.
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hennessyhemp
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October 02, 2013, 06:11:35 PM |
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And another one bites the dust...I wonder if Atlantis got wind and shut down before they could be apprehended, hence the hasty shutdown on their part.
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Please add more BTC here (my son will apprecciate it when he's older): 14WsxbeRcgsSYZyNSRJqEAmB1MKAzHhsCT
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GoldenWings91
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October 02, 2013, 06:15:04 PM |
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As long as there is enough demand for a product there will be someone to fill the supply, irregardless of whether it's legal or not.
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crazy_rabbit
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Activity: 1204
Merit: 1001
RUM AND CARROTS: A PIRATE LIFE FOR ME
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October 02, 2013, 06:16:14 PM |
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We'll, we needed to clean up bitcoin sooner or later. I hate to see such a collapse in price but really- it's better without silkroad. I am surprised to hear the guy running it was ordering hits and stuff. Just goes to show- drug dealers are drug dealers. Hopefully journalists will stop saying its a haven for drugs from here on out.
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more or less retired.
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bigasic
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October 02, 2013, 06:16:21 PM |
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Yes, it will take a dive, but it will recover... Had this happened a year ago, when bitcoin was at around 10 bucks, then we would see it around 2, but bitcoin has grown a lot in the last year.. its not just for druggies any more.. its much more main stream.. once the panic is over, it will be around what it was yesterday...
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Chronikka
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October 02, 2013, 06:19:48 PM |
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In case people missed this article I'll quote a piece from it...very interesting how he got caught. "The government says it identified Ulbricht after a routine border search of a package that contained nine counterfeit IDs. The package was shipped from Canada to an address in San Francisco. When the government visited the San Francisco address, they found Ulbricht there.
The government then identified the primary Silk Road server and obtained an image of its hard drive in July, providing the federal government with a wealth of information about the Silk Road's operations." Full source: http://www.washingtonpost.com/blogs/the-switch/wp/2013/10/02/feds-arrest-the-alleged-founder-of-bitcoins-largest-drug-market/ |
"The true sign of intelligence is not knowledge but imagination" -Albert Einstein
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Inedible
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October 02, 2013, 06:22:22 PM |
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BTC prices in CNY is not really affected
Probably because everyone there is asleep. |
If this post was useful, interesting or entertaining, then you've misunderstood.
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xzempt
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October 02, 2013, 06:22:26 PM |
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In case people missed this article I'll quote a piece from it...very interesting how he got caught. "The government says it identified Ulbricht after a routine border search of a package that contained nine counterfeit IDs. The package was shipped from Canada to an address in San Francisco. When the government visited the San Francisco address, they found Ulbricht there.
The government then identified the primary Silk Road server and obtained an image of its hard drive in July, providing the federal government with a wealth of information about the Silk Road's operations." Full source: http://www.washingtonpost.com/blogs/the-switch/wp/2013/10/02/feds-arrest-the-alleged-founder-of-bitcoins-largest-drug-market/wow if they have had access since July..... lots of arrests will be coming! |
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wtfvanity
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October 02, 2013, 06:23:51 PM |
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I found DPR's altoid account, but I don't see the silk road advert post dated January 29th, 2011. The earliest post is from February 25th, 2011, and is about running bitcoind on Debian... https://bitcointalk.org/index.php?action=profile;u=3905;sa=showPosts;start=40I suspect DPR deleted the post (wouldn't you?) and the FBI found it by requesting logs from bitcointalk admins. Theymos, can you confirm? Even if he could confirm, he is probably under restriction not to. |
WTF! Don't Click Here
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MiningBuddy
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October 02, 2013, 06:25:18 PM |
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I found DPR's altoid account, but I don't see the silk road advert post dated January 29th, 2011. The earliest post is from February 25th, 2011, and is about running bitcoind on Debian... https://bitcointalk.org/index.php?action=profile;u=3905;sa=showPosts;start=40I suspect DPR deleted the post (wouldn't you?) and the FBI found it by requesting logs from bitcointalk admins. Theymos, can you confirm? Even if he could confirm, he is probably under restriction not to. I thought this was the post they are referencing? https://bitcointalk.org/index.php?topic=47811.msg568744#msg568744 *Edit: Ok maybe it was this post that was deleted https://bitcointalk.org/index.php?topic=175.msg42670#msg42670 Quoted here: (probably berried in the desert or in a forest)
Somehow, I'm seeing tremendous increase of popularity of forest sightseeing What an awesome thread! You guys have a ton of great ideas. Has anyone seen Silk Road yet? It's kind of like an anonymous amazon.com. I don't think they have heroin on there, but they are selling other stuff. They basically use bitcoin and tor to broker anonymous transactions. It's at http://tydgccykixpbu6uz.onion. Those not familiar with Tor can go to silkroad420.wordpress.com for instructions on how to access the .onion site. Let me know what you guys think So here we go, first Bitcoin drug store. We're going into deep water faster than i thought then. I wonder how long will it take for govs to start investigating Bitcoin. |
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gog1
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October 02, 2013, 06:26:24 PM |
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BTC prices in CNY is not really affected
it's like 1am there. good volume 796.com - $$ will keep people up. |
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Inedible
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October 02, 2013, 06:26:34 PM |
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Truly pathetic, if you think about it. BTC price was held up by addicts and perverts of SR.
Nope, it was held up by dreams of future value. What you see now is panic, its not drug users pulling out. What bitcoin is worth without silkroad will only be clear in a few months IMO. Between then and now, I wouldnt be shocked to see $20 before it starts climbing again. I'd be very surprised if it hit $20. There are a lot of big investors that won't panic sell as their new shiny business depends on having Bitcoin. I'll be surprised if it hits $90. My guess is it'll stabilise just above $100. |
If this post was useful, interesting or entertaining, then you've misunderstood.
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FullLife
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October 02, 2013, 06:27:23 PM |
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In case people missed this article I'll quote a piece from it...very interesting how he got caught. "The government says it identified Ulbricht after a routine border search of a package that contained nine counterfeit IDs. The package was shipped from Canada to an address in San Francisco. When the government visited the San Francisco address, they found Ulbricht there.
The government then identified the primary Silk Road server and obtained an image of its hard drive in July, providing the federal government with a wealth of information about the Silk Road's operations." Full source: http://www.washingtonpost.com/blogs/the-switch/wp/2013/10/02/feds-arrest-the-alleged-founder-of-bitcoins-largest-drug-market/For someone with a B.S. degree in physics, this seems like an incredibly dumb way to get caught. |
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Tomatocage
Legendary
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Activity: 1554
Merit: 1222
brb keeping up with the Kardashians
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October 02, 2013, 06:28:06 PM |
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Rampion
Legendary
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Activity: 1148
Merit: 1018
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October 02, 2013, 06:29:17 PM |
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In case people missed this article I'll quote a piece from it...very interesting how he got caught. "The government says it identified Ulbricht after a routine border search of a package that contained nine counterfeit IDs. The package was shipped from Canada to an address in San Francisco. When the government visited the San Francisco address, they found Ulbricht there.
The government then identified the primary Silk Road server and obtained an image of its hard drive in July, providing the federal government with a wealth of information about the Silk Road's operations." Full source: http://www.washingtonpost.com/blogs/the-switch/wp/2013/10/02/feds-arrest-the-alleged-founder-of-bitcoins-largest-drug-market/For someone with a B.S. degree in physics, this seems like an incredibly dumb way to get caught. The indictment says they were already watching him because of writing two posts about SR in 2011. |
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