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Author Topic: Operator of Silk Road 2.0, Blake Benthall, arrested yesterday by FBI agents in S  (Read 8404 times)
myself (OP)
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November 06, 2014, 04:19:31 PM
 #1

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


enjoy

Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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November 06, 2014, 04:22:59 PM
 #2

Good job, bring those criminals to justice.






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Tzupy
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November 06, 2014, 04:23:52 PM
 #3

It's not clear if the feds confiscated any bitcoins, so I can't tell if this is bearish or bullish.

Sometimes, if it looks too bullish, it's actually bearish
myself (OP)
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November 06, 2014, 04:25:28 PM
 #4

It's not clear if the feds confiscated any bitcoins, so I can't tell if this is bearish or bullish.
bullish buy the dip

Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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November 06, 2014, 04:29:28 PM
 #5

It's not clear if the feds confiscated any bitcoins, so I can't tell if this is bearish or bullish.
bullish buy the dip

If a sizable amount was seized and withdrawn from circulation, it's bullish. But the news is not:

Exactly one year after it went live on November 6 2013, the Silk Road 2.0 has been taken offline in a joint operation between the FBI and Europol.
Visitors to the deep web drug marketplace have been met with an official police notice informing them of the site's seizure.
European police have hinted that further shutdowns and arrests will occur in the next 24 hours.
Operation Onymous, they say, will conclude within hours, and will "disrupt global activity" on the deep web.

Sometimes, if it looks too bullish, it's actually bearish
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November 06, 2014, 04:57:40 PM
 #6

http://www.fbi.gov/newyork/press-releases/2014/operator-of-silk-road-2.0-website-charged-in-manhattan-federal-court

Sorry for my bad english Wink
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myself (OP)
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November 06, 2014, 05:07:50 PM
 #7

http://www.linkedin.com/in/blakebenthall is him ?

Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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November 06, 2014, 05:12:59 PM
 #8


Looks like it. It may also reveal how he got caught: he's a ruby on rails dev.
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November 06, 2014, 06:06:41 PM
 #9

Bearish. Trade in illicit goods and services is one of the truly unique uses for cryptocurrency. That people involved in the trade seem to be unable to avoid capture casts doubt on the viability of dark marketplaces, and is likely to get their customers to reconsider just how safe they can expect to be.

Selling out to advertisers shows you respect neither yourself nor the rest of us.
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November 06, 2014, 06:11:24 PM
 #10

Underground guys should start using anon crypto like Monero or decentralized marketplace like OpenBazaar.

e. I don't know if bitcoin was the reason for the arrest.

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November 06, 2014, 06:39:24 PM
 #11

Setting up shop in essentially the same town as DPR got busted?  What an idiot.
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November 06, 2014, 06:51:20 PM
 #12

Setting up shop in essentially the same town as DPR got busted?

My thoughts exactly. It's like, the most dangerous place in the world for setting up this kind of business. The cost of living in CA is also outrageous, does not make too much sense to stay there if you are earning the income online.
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November 06, 2014, 06:57:19 PM
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Setting up shop in essentially the same town as DPR got busted?

My thoughts exactly. It's like, the most dangerous place in the world for setting up this kind of business. The cost of living in CA is also outrageous, does not make too much sense to stay there if you are earning the income online.

And his hard drive was unencrypted? Gaaahhhh.
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November 06, 2014, 07:35:57 PM
 #14

lets hope its bullish!

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November 06, 2014, 07:44:53 PM
 #15

More and more bitcoins will continue to be removed from circulation for years to come....... Value of these coins will start rising crazy soon!
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November 06, 2014, 08:01:40 PM
 #16

More and more bitcoins will continue to be removed from circulation for years to come....... Value of these coins will start rising crazy soon!

Yes this is speculated why Bitcoin went up after the Silkroad - when you remove a lot of the coins from everyday volume then it introduces more scarcity.

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November 06, 2014, 08:04:43 PM
 #17

More and more bitcoins will continue to be removed from circulation for years to come....... Value of these coins will start rising crazy soon!

Assuming demand and all else remains the same...
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November 06, 2014, 08:18:52 PM
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More and more bitcoins will continue to be removed from circulation for years to come....... Value of these coins will start rising crazy soon!

Assuming demand and all else remains the same...

Demand is low at the moment, and wouldn't this only lessen demand?  I mean now these criminal users have nowhere to spend their bitcoins and no reason to get any more.  So naturally demand will be DECREASING
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November 06, 2014, 08:20:52 PM
 #19

https://s3.amazonaws.com/s3.documentcloud.org/documents/1354808/blake-benthall-complaint.pdf

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November 06, 2014, 08:32:44 PM
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More and more bitcoins will continue to be removed from circulation for years to come....... Value of these coins will start rising crazy soon!

Assuming demand and all else remains the same...

Demand is low at the moment, and wouldn't this only lessen demand?  I mean now these criminal users have nowhere to spend their bitcoins and no reason to get any more.  So naturally demand will be DECREASING

I personally do not believe I have enough information to make any assumptions about how this will affect demand. On one hand, if illicit activity catalyzes demand to a significant degree, it could hurt demand.  On the other hand, if weary investors or business owners who have been skeptical to enter the market due to concerns over liability regarding anonymous, illicit activity catch word of this news, this may ease their concerns and encourage demand.

It's hard to say in my opinion.
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