2013-10-16 Silk Road's alleged mastermind 'not excessively concerned' about...

[assortmentofsorts]

http://www.theguardian.com/technology/2013/oct/15/silk-road-ross-ulbricht-alleged-mastermind

While Ulbricht has been in jail, a second major arrest related to Silk Road has been made in Washington state, where police believe they have found one of the biggest dealers on the site.

According to the criminal complaint, the dealer went by the pseudonym Nod and allegedly sold more than 2.5kg of cocaine on the site in the last four months, as well as almost 600g of heroin and 100g of methamphetamine. They were in the top 1% of dealers on the site.

But despite the timing of the arrests, the criminal complaint suggests that Nod was tracked down through old-fashioned detective work, and not with information gleaned from the Silk Road seizure.

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[odolvlobo]

no mention of bitcoin

[Inedible]

Something doesn't quite add up.

He sold about 3.5Kg of drugs over the last 4 months and was in the top 1% of sellers?

Let's say these drugs are going at $50/g. That makes around $45K per month.

Some sites say $1.8M of transactions were passing through Silk Road every month in 2012.

The top 0.5% of sellers must have had massive volume.

[aigeezer]

Something doesn't quite add up.

He sold about 3.5Kg of drugs over the last 4 months and was in the top 1% of sellers?

Let's say these drugs are going at $50/g. That makes around $45K per month.

Some sites say $1.8M of transactions were passing through Silk Road every month in 2012.

The top 0.5% of sellers must have had massive volume.

Good eye, Inedible.

It's the obligatory press conference style "A package of rolling papers was seized with a street value of fifty trillion dollars".

[Carlton Banks]

Something doesn't quite add up.

He sold about 3.5Kg of drugs over the last 4 months and was in the top 1% of sellers?

Let's say these drugs are going at $50/g. That makes around $45K per month.

Some sites say $1.8M of transactions were passing through Silk Road every month in 2012.

The top 0.5% of sellers must have had massive volume.

Good eye, Inedible.

It's the obligatory press conference style "A package of rolling papers was seized with a street value of fifty trillion dollars".

Hmmm, makes the reporting on the profits of the politically convenient criminals on Wall Street look even more unpalatable.