Bitcoin Forum
August 19, 2019, 08:57:39 AM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: 2013-10-02 FBI Seize Deep Web Marketplace Silk Road, Arrest Owner  (Read 4650 times)
plaxant
Member
**
Offline Offline

Activity: 100
Merit: 10



View Profile WWW
October 02, 2013, 08:04:06 PM
 #21

this is screaming fake to me. Look at the images! I posted them at plaxant


1566205059
Hero Member
*
Offline Offline

Posts: 1566205059

View Profile Personal Message (Offline)

Ignore
1566205059
Reply with quote  #2

1566205059
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1566205059
Hero Member
*
Offline Offline

Posts: 1566205059

View Profile Personal Message (Offline)

Ignore
1566205059
Reply with quote  #2

1566205059
Report to moderator
TraderTimm
Legendary
*
Offline Offline

Activity: 2394
Merit: 1066



View Profile
October 02, 2013, 08:05:44 PM
 #22

Dread Pirate Roberts got caught because he was an idiot.

There will be other sites, I'm sure. He was outed by his own incompetence, using real information, inconsistent (if any) security procedures. Hell, was the man stoned all the time? That's the only way I can understand his copious and rather embarrassing errors.

It will be a hit on the image, I'm sure - but the network is still running, and SR isn't the only game in town for Bitcoin transactions. Even if it was a catalyst to get us to where we are now, it isn't the single thing that will "kill" Bitcoin, in my opinion.


fortitudinem multis - catenum regit omnia
dree12
Legendary
*
Offline Offline

Activity: 1246
Merit: 1037



View Profile
October 02, 2013, 08:06:23 PM
 #23

It is good publicity. It means Bitcoin has moved beyond illegal drug trade. No longer will media herald:

Quote
Bitcoin, the currency used primarily by drug dealers...
pedrog
Legendary
*
Offline Offline

Activity: 2240
Merit: 1005



View Profile
October 02, 2013, 08:11:35 PM
 #24

It's bullshit, there's a guy in a camel there!

kibblesnbits
Hero Member
*****
Offline Offline

Activity: 557
Merit: 500


View Profile
October 02, 2013, 10:15:16 PM
 #25

Go to Google News and type in Bitcoin.

Like every news outlet on earth is picking this story up.

Any publicity is good publicity?


I like your avatar...

80 million for DPR, 80 million for Walter White.  I wonder if DPR buried a thumbdrive somewhere in New Mexico...

ASICMINERTUBE
   
  The Best $/Gh Bitcoin Miner So Far
   ►►►   DISCOVER NOW !!!   ◄◄◄
meanig
Hero Member
*****
Offline Offline

Activity: 531
Merit: 500


View Profile
October 02, 2013, 11:16:54 PM
 #26

Here's the FBI''s criminal complaint.  This is good reading.  At one point, Ulbricht had a problem with someone blackmailing him. So he asked for quotes on a "hit". Then he tried to negotiate the price down. ""Not long ago I had a clean hit done for $80K. Are the prices you quoted the best you can do? I need this done asap as he is talking about releasing the info on Monday."

The FBI now has the Silk Road servers. They will probably go after some customers.

Fuck me Nagle is back!!  Cheesy

For anyone who wasn't around in 2011 have a look at Nagle's posts from back then  Grin

His arrogant and unashamedly wrong analysis pointed to Bitcoin having a negative value by December 2011  Roll Eyes

What a fool  Cheesy
BitChick
Legendary
*
Offline Offline

Activity: 1148
Merit: 1001


View Profile
October 02, 2013, 11:19:06 PM
 #27

It is good publicity. It means Bitcoin has moved beyond illegal drug trade. No longer will media herald:

Quote
Bitcoin, the currency used primarily by drug dealers...

I hope that over the long term this is good for BTC.  I want BTC to be legitimately used for good but we will see how much some of the "dark side" of BTC was holding up the price.

1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
dree12
Legendary
*
Offline Offline

Activity: 1246
Merit: 1037



View Profile
October 12, 2013, 06:18:29 PM
 #28

It is good publicity. It means Bitcoin has moved beyond illegal drug trade. No longer will media herald:

Quote
Bitcoin, the currency used primarily by drug dealers...

I hope that over the long term this is good for BTC.  I want BTC to be legitimately used for good but we will see how much some of the "dark side" of BTC was holding up the price.

Today, price has rebounded to where it was before the seizure. The takeaway?

  • The "dark side" of Bitcoin was not holding up the price significantly.
  • However, many people thought it was and panic sold.

This is further evidence that the media, and often Bitcoiners themselves, give far too much credit to Silk Road and other "dark side" markets. Those are not important for Bitcoin, for they make up a minimal amount of trade (after the Silk Road closure, transaction volume has not declined).
The 4ner
aka newbitcoinqtuser
Hero Member
*****
Offline Offline

Activity: 560
Merit: 500


R.I.P Silk Road 1.0


View Profile
October 13, 2013, 06:22:03 AM
 #29

I wonder if DPR buried a thumbdrive somewhere in New Mexico...

LOL!  Grin
The 4ner
aka newbitcoinqtuser
Hero Member
*****
Offline Offline

Activity: 560
Merit: 500


R.I.P Silk Road 1.0


View Profile
October 13, 2013, 06:25:17 AM
 #30

It is good publicity. It means Bitcoin has moved beyond illegal drug trade. No longer will media herald:

Quote
Bitcoin, the currency used primarily by drug dealers...

I hope that over the long term this is good for BTC.  I want BTC to be legitimately used for good but we will see how much some of the "dark side" of BTC was holding up the price.

Today, price has rebounded to where it was before the seizure. The takeaway?

  • The "dark side" of Bitcoin was not holding up the price significantly.
  • However, many people thought it was and panic sold.

This is further evidence that the media, and often Bitcoiners themselves, give far too much credit to Silk Road and other "dark side" markets. Those are not important for Bitcoin, for they make up a minimal amount of trade (after the Silk Road closure, transaction volume has not declined).

They don't hold up Bitcoin's price anymore. Bitcoins has been invested in by many VCs and small business owners. If this shutdown would have occurred before 2013 it would've been catastrophic for Bitcoin.
oakpacific
Hero Member
*****
Offline Offline

Activity: 784
Merit: 1000


View Profile
October 14, 2013, 09:00:00 AM
 #31

It's nearly inevitable that Ross Ulbricht will have many imitators/wannabes, one of them will build the next Silk Road.

Think about it, 600K BTCs, or 80 f**king million dollars of pure profits in no more than 3 years, unseizeable even by FBI, how many can resist such temptations?

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
Fabrizio89
Hero Member
*****
Offline Offline

Activity: 925
Merit: 1000


View Profile
October 16, 2013, 01:35:06 PM
 #32

Is it confirmed anywhere that they have indeed seized that amount of coins or is it just media hype?
The 4ner
aka newbitcoinqtuser
Hero Member
*****
Offline Offline

Activity: 560
Merit: 500


R.I.P Silk Road 1.0


View Profile
October 16, 2013, 09:29:40 PM
 #33

At this point I'm just glad that bitcoin's value didn't suffer significantly.
pedrog
Legendary
*
Offline Offline

Activity: 2240
Merit: 1005



View Profile
October 16, 2013, 09:32:31 PM
 #34

Is it confirmed anywhere that they have indeed seized that amount of coins or is it just media hype?

http://blogs.reuters.com/unstructuredfinance/2013/10/14/fbi-not-waiting-for-silk-road-owners-bitcoin-pword/

oakpacific
Hero Member
*****
Offline Offline

Activity: 784
Merit: 1000


View Profile
October 17, 2013, 01:32:20 AM
 #35


We don't need to listen to what FBI has to say, we can just check for ourselves. Wink

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!