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Author Topic: [2015-01-14]CryptoArticles - Ross Ulbricht Admits To Creating Silk Road Platform  (Read 353 times)
jdebunt (OP)
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January 14, 2015, 12:02:54 PM
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http://www.reddit.com/r/Bitcoin/comments/2se5mn/ross_ulbricht_admits_to_creating_the_silk_road/

As the Silk Road trials started earlier this week, a lot of Bitcoin enthusiasts around the world are waiting to see what the outcome will be. Ross Ulbricht’s trial is a major milestone in the young history of Bitcoin and cryptocurrency, as a lot of mainstream media is following the proceedings closely. The first shot has been fired however, as Ross Ulbricht did admit he created the Silk Road platform.
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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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January 14, 2015, 01:13:03 PM
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As for Ulbricht's eventual arrest in a San Francisco public library in October 2013, Dratel said it was all a setup, where Ulbricht had been tricked into being "in that library that day to take the fall for the people operating the website."

http://www.theregister.co.uk/2015/01/14/ross_ulbricht_trial_day_1/

Lol. Is this the best they could come up with?

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Assistant US Attorney Timothy Howard, on the other hand, argued that this was all nonsense and that Ulbricht had been "caught red handed." At the time of his arrest, Howard said, Ulbricht was actively communicating online as Dread Pirate Roberts with a member of Silk Road's support staff – who just happened to be an undercover FBI agent.

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January 14, 2015, 01:14:48 PM
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The most interesting part of this case is whether the FBI obtained access to data legally and didn't hack into it legally without a warrant. That's the only way I see him getting out of these charges.
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