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Author Topic: Silk Road was the best thing that has ever happened to Bitcoins.  (Read 7941 times)
ultima
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October 17, 2011, 09:23:24 PM
 #41

The value of bitcoin will come from the same place as the value of gold. Scarcity. No one can make it out of thin air.
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inki
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October 18, 2011, 06:56:15 AM
 #42

Yes silk road is actually using bitcoin as it was intended.
SippieCup
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October 18, 2011, 07:45:16 AM
 #43

I've heard of bitcoin forever, but it wasn't until I recently bought a radeon 6970 and someone mentioned it is good for mining, did I actually look into it. I am a very tech savvy person. If I didn't actually know how bitcoin worked, I can't imagine most ANY non-tech person would.

What I find most fascinating about bitcoin is its p2p nature, how bitcoins are generated, and the artificial scarcity.

If people only learned more about what bitcoin is, it could really take off.

The most off-putting thing to me is the difficulty to mine (hardware arms race). I REALLY like the prospects of Litecoin, CPU vs GPU really seems to level the playing field.

early adopters will always do better than people late to the party. As for GPU mining, its become an arms race however the next generation of mining is already starting. FGPA's are the future, they provide a much better MHash/watt, which is becoming the most important aspect of mining bitcoins.

That being said, Although I just made an account, I have followed BTC & mined for several months, i recently sold all my GPUs and now going only CPU and litecoins for awhile until FGPAs mature. When they do, I'll setup dual LTC/BTC computers with them.

If you decide to mine, be sure to make a plan.
BitcoinPorn
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October 18, 2011, 08:46:54 AM
 #44

People with low post counts talking highly of Litecoin, color me skeptical lol


Though I can't help agree with the overall assessment of GPU versus CPU mining.  That is definitely a technical difference among those two coins that I think is enough to make a person have preference with one over the other.

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October 18, 2011, 08:52:02 AM
 #45

People with low post counts talking highly of Litecoin, color me skeptical lol


Though I can't help agree with the overall assessment of GPU versus CPU mining.  That is definitely a technical difference among those two coins that I think is enough to make a person have preference with one over the other.

I am my own person if that is what you are skeptical about  Cheesy

I've been mining for a (long) while now, I just never made an account as i really had nothing to say, I figured with litecoins starting i should make one as I will be mining it while I wait for FGPAs to mature.
panerai
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October 19, 2011, 12:24:42 AM
 #46

Silk road is down, I doubt they will be back, as their worth was slashed in half overnight.
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October 19, 2011, 12:28:25 AM
 #47

Silk road is down, I doubt they will be back, as their worth was slashed in half overnight.

Prices can adjust, if people want their service, they will just continue to buy at different rates is all, the actual prices of the products should remain unchanged.

finway
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October 19, 2011, 03:11:55 AM
 #48

Sad in China.
There's a Great FireWall, i can't use tor.

killercal
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October 19, 2011, 07:56:40 PM
 #49

so is silkroad officially down?  if not then i want in
MoonShadow
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October 19, 2011, 09:15:14 PM
 #50

so is silkroad officially down?  if not then i want in

From what I can tell, it never has been, although there has been a concerted effort to produce the image that it's either down or gone.  Intentional digital camo, I suspect.  Many of the early outrage that came about due to the public articles has dispersed, in part, based on the belief by the TOR ignorant public (including a couple of senators) that Silk Road had been run off.  I've never bought anything on Silk Road, but everytime I tried to access it, due to trying to verify reports of it's destruction, I found that the reports of it's untimely demise to be exagerated.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
TheBlackDahlia
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October 19, 2011, 11:14:00 PM
 #51

so is silkroad officially down?  if not then i want in

It's back up. Hopefully for good now.
timz45
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October 20, 2011, 02:19:33 AM
 #52

when i click "click here to join" it redirects me to login, are they not accepting new registrations?
TheBlackDahlia
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October 20, 2011, 02:26:31 AM
 #53

when i click "click here to join" it redirects me to login, are they not accepting new registrations?


You might be correct. I clicked Logout and then Click Here to Join and it does redirect to the same page again. I'm sure it'll be back up for new registrations as soon as the site is 100% back.
RADEONHD
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October 20, 2011, 05:31:37 AM
 #54

Agreed with OP.

Bitcoins are only useful for illegal activities, which is perfectly fine of course.

Anything else the U.S. Dollar will work just fine.
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October 20, 2011, 06:18:05 PM
 #55

...

Bitcoins are only useful for illegal activities...

...
Why would it be useless for legal stuff?

(I dont always get new reply notifications, pls send a pm when you think it has happened)

Wanna gimme some BTC for any or no reason? 1FmvtS66LFh6ycrXDwKRQTexGJw4UWiqDX Smiley

The more you believe in Bitcoin, and the more you show you do to other people, the faster the real value will soar!

Do you like mmmBananas?!
memvola
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October 20, 2011, 06:37:11 PM
 #56

Anything else the U.S. Dollar will work just fine.

IRL, I use Bitcoin and also have a Euro bank account. What's the method you would pick to transfer some funds to me?
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October 20, 2011, 06:38:58 PM
 #57

...

Bitcoins are only useful for illegal activities...

...
Why would it be useless for legal stuff?

Yes, why? I use it for legal purchases and find it far superior to credit cards, paypal, etc.
And for those who think it is perfect for illegal purchases, I hope you have done your homework. Bitcoin is NOT anonymous. It can be, if carefully done in conjunction with TOR and other methods.  I would guess that SR is constantly monitored by law enforcement. One day they are going to put all the data together and start rounding up customers.

The gospel according to Satoshi - https://bitcoin.org/bitcoin.pdf

Free bitcoin=https://bitcointalk.org/index.php?topic=1610684
MoonShadow
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October 20, 2011, 06:45:43 PM
 #58

...

Bitcoins are only useful for illegal activities...

...
Why would it be useless for legal stuff?

Yes, why? I use it for legal purchases and find it far superior to credit cards, paypal, etc.


Same here.  I've used it for many legal purchases.  The hard part about bitcoin commerce is getting the bitcoins in the first place.  Everything else is easy.

Quote
 I would guess that SR is constantly monitored by law enforcement. One day they are going to put all the data together and start rounding up customers.

I don't doubt the former, but I do doubt the latter.  Certainly users and vendors will occasionally screw up and break their autonomy, but users have to be fairly tech and privacy savvy just to get onto Silk Road.  These guys are certainly not the "low hanging fruit" of the illicit drug trade.  Most of them would be as hard to prosecute as to locate.  How often do you hear of some rich, educated kid getting busted with drugs?  It's not like they don't buy it, they just deal with a smarter class of criminal.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
RodeoX
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October 20, 2011, 07:08:05 PM
 #59

I don't doubt the former, but I do doubt the latter.  Certainly users and vendors will occasionally screw up and break their autonomy, but users have to be fairly tech and privacy savvy just to get onto Silk Road.  These guys are certainly not the "low hanging fruit" of the illicit drug trade.  Most of them would be as hard to prosecute as to locate.  How often do you hear of some rich, educated kid getting busted with drugs?  It's not like they don't buy it, they just deal with a smarter class of criminal.

Your probably right. It would be a complex case, and they would likely go after the sellers if anyone.
I'm not even sure what SR could be charged with? since they do not sell the drugs themselves.

The gospel according to Satoshi - https://bitcoin.org/bitcoin.pdf

Free bitcoin=https://bitcointalk.org/index.php?topic=1610684
crawdaddy
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October 20, 2011, 09:34:34 PM
 #60

The Silk Road is awesome. It is a true freemarket of goods and services. I hope it grows with new products and services


"The only security men can have for their political liberty, consists in keeping their money in their own pockets".
Lysander Spooner
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