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Author Topic: SilkRoad 2 Taken down by Feds  (Read 15945 times)
ChiliPowder
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November 06, 2014, 04:14:32 PM
 #1

It was bound to happen, these DNM are scary to the core.

What do you guys think BTC is going to do, up or down?
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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November 06, 2014, 04:16:10 PM
 #2

It was bound to happen, these DNM are scary to the core.

What do you guys think BTC is going to do, up or down?
I don't think it matters. When a tree falls in the forest, the canopy is opened up to more sunlight, which in turns reaches the saplings at the forest floor, which will grow and eventually fill that space.

Ever since Silk Road 1.0 went down, there's been a robust variety of darkweb markets to choose from. Such is the power of decentralization.

Remember Aaron Swartz, a 26 year old computer scientist who died defending the free flow of information.
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November 06, 2014, 04:17:01 PM
 #3

I think the market will simply adapt and find a different solution (that much is obvious). Regarding your specific question, it seems that BTC's monetary value works independently from daily news.
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November 06, 2014, 04:26:10 PM
 #4

Yea we learned from the original one that more will pop up.

http://nymag.com/daily/intelligencer/2014/11/operator-of-silk-road-20-arrested-and-indicted.html

I dont mess with Dark Net suff as I dont do drugs but it is definetly interesting to watch.

This guy is looking at some time for 1 year of being the king.

Hope he spent the dogshit out of his money.
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November 06, 2014, 04:37:20 PM
 #5

I have taken a peak there from time to time out of curiosity. I am not a drug user but I think these sites actually have some utility in the harm reduction area. People will get their drugs. I would rather them get them in the mail or via fedex/ups from other bitcoin users than feed the cartels. 

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November 06, 2014, 04:43:22 PM
 #6

Silkroad 1 closed, bitcoin price skyrocketed and saw ATH, now Silkroad 2 close, I can't imagine Smiley

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November 06, 2014, 04:45:23 PM
 #7

https://twitter.com/NewYorkFBI/status/530386208099426304

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November 06, 2014, 04:47:19 PM
 #8

Guys, we have to think about HOW people will react to this.

This will be obviously different from the last time, BTC went from 150$ to 1500$ because of Silkroad.
But people are not retarded, will people think it will do like the last time and dump ? If they do, it will obviously dump because they will sell every BTC they have.
What will happen if they don't, the BTC price will be unchanged ?

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November 06, 2014, 04:53:07 PM
 #9

Silkroad 1 closed, bitcoin price skyrocketed and saw ATH, now Silkroad 2 close, I can't imagine Smiley

But it crashed first 2 days, don't forget.
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November 06, 2014, 04:57:12 PM
 #10

It was bound to happen, these DNM are scary to the core.

What do you guys think BTC is going to do, up or down?

As per https://en.wikipedia.org/wiki/Silk_Road_(marketplace) SR 2.0 started on November 6, 2013. Exact 1 year and now it has been taken down while BTC is very low. Coincidence ?
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November 06, 2014, 05:00:20 PM
 #11

Silkroad 1 closed, bitcoin price skyrocketed and saw ATH, now Silkroad 2 close, I can't imagine Smiley

But it crashed first 2 days, don't forget.
A year ago it was totally different situation.
I am pretty sure that closing down Silk Road 2 will not really change the price.

Ps. I am happy that Silk Road 2 is almost gone.

 
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November 06, 2014, 05:03:50 PM
 #12

Ps. I am happy that Silk Road 2 is almost gone.

Why? You prefer dirty politicians and their gang relations than decentralized free market?
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November 06, 2014, 05:04:10 PM
 #13


I hate twitter with the force of a thousand suns, but some of the comments are gold.

"In other news, Silk Road 3.0 is now accepting orders."

"I'm all for it. Not because he was allegedly running Silk Road, but because he picked the handle "Defcon""

"I imagine @NewYorkFBI meant to say *alleged* operator. But then what's a little presumption of guilt in light of the panopticon."

"was it because he was doing a better job cutting down on drug crimes than you were? What's the point of the drug war again?"


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microchoveur
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November 06, 2014, 05:05:51 PM
 #14

It was bound to happen, these DNM are scary to the core.

What do you guys think BTC is going to do, up or down?

As per https://en.wikipedia.org/wiki/Silk_Road_(marketplace) SR 2.0 started on November 6, 2013. Exact 1 year and now it has been taken down while BTC is very low. Coincidence ?

OH MY GOD you're fucking right

What the fucking hell does that mean Huh Does the US government want to strike hard and make BTC fall definetly ?

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November 06, 2014, 05:05:51 PM
 #15

Open Bazar, please take command  Cheesy

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November 06, 2014, 05:08:32 PM
 #16

Silk Road 2.0  the owner https://twitter.com/blakeeb .


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November 06, 2014, 05:10:00 PM
 #17

overview:

http://www.deepdotweb.com/2014/11/06/silk-road-2-seized/

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November 06, 2014, 05:13:35 PM
 #18

Quote
According to the complaint, the FBI was able to identify Benthall as Silk Road 2.0's operator partially due to IP logs given to them by Google, with which Benthall had a Gmail address.

Roll Eyes Always seems to be silly mistakes that get them taken down.

Quote
The complaint also says Benthall recently purchased a Tesla Model S in Bitcoin, because of course he did.

Lol.

Open Bazar, please take command  Cheesy

Exactly. Can't wait to see decentralised markets and exchanges come into operation.

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November 06, 2014, 05:21:50 PM
 #19

Silk road 2.0 is not going to affect the price of bitcoin now. It will do when the seized coins are auctioned off. Do we know how many coins were seized?
ChiliPowder
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November 06, 2014, 05:31:28 PM
 #20

Looks like a few small time markets are also seized.

Hydra and C9.

Can anyone tell me about these markets?


https://twitter.com/NewYorkFBI/status/530386208099426304

The comments on the FBI's twitter are hilarious.

Chris DeRose ‏@derosetech 54m54 minutes ago
@NewYorkFBI was it because he was doing a better job cutting down on drug crimes than you were? What's the point of the drug war again?


V ‏@JSDRAM 2h2 hours ago
@NewYorkFBI @BarbarianCap In other news, Silk Road 3.0 is now accepting orders.


Ben Jackson ‏@innismir 1h1 hour ago

@thegrugq @ncardozo I'm all for it. Not because he was allegedly running Silk Road, but because he picked the handle "Defcon"
0 replies 0 retweets 0 favorites
Ben Jackson ‏@innismir 1h1 hour ago

@thegrugq @ncardozo Were "Crash Override" and "Lord Nikon" already taken?
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