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Author Topic: 2013-10-30 Bitcoin sinks in value after FBI busts Silk Road drug market  (Read 1026 times)
RichardChanze (OP)
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October 30, 2013, 05:46:36 AM
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http://uk.reuters.com/article/2013/10/02/us-crime-silkroad-bitcoin-idUKBRE99113A20131002

Supporters say using bitcoins offers benefits including lower fraud risk and increased privacy, though critics argue the anonymity it offers makes the currency a magnet for drug transactions, money-laundering and other illegal activities.

The digital currency's drop came after the FBI arrested alleged Silk Road owner Ross William Ulbricht, 29, known as "Dread Pirate Roberts," on Tuesday in San Francisco.
 
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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October 30, 2013, 07:04:24 AM
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This article is several weeks old. It is from 2013-10-02, not 2013-10-30.

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