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to justin
Re: silkroadMaintaining true anonymity is a tricky business with a high profile site. I doubt he expected it to be the huge success it became. I also expect book and movie deals, but assume he'll be spending quite a few years behind bars before he gets to enjoy the proceeds. EDIT: You can see how this is affecting Silk Road users on reddit - » www.reddit.com/r/silkroad |
actions · 2013-Oct-2 9:35 pm · (locked) |
justin..needs sleep Mod join:1999-05-28 2031 Billion BiPAC 7800N Apple AirPort Extreme (2011)
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I expect they will throw away the key. Attempted murder? he'll get life. They seized what was in escrow, in the site accounts, but clearly he made 10s of millions at least @ the current btc value.
With the difficulty converting btc back to cash in large quantities it could all still be in bitcoins sitting on a thumbdrive somewhere, waiting for someone who knows the key. Like shawshank redemption maybe he will get out at 65 and go to a tree in a field somewhere. Assuming the crypto currency survives till then. |
actions · 2013-Oct-2 9:44 pm · (locked) |
dib22 join:2002-01-27 Kansas City, MO |
dib22
Member
2013-Oct-2 9:56 pm
said by justin:Assuming the crypto currency survives till then. He might crash the market cashing it out |
actions · 2013-Oct-2 9:56 pm · (locked) |
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I think this will remove a lot of the attraction of Bitcoin.
Takes out one major place to use it. |
actions · 2013-Oct-2 10:15 pm · (locked) |
justin..needs sleep Mod join:1999-05-28 2031 Billion BiPAC 7800N Apple AirPort Extreme (2011)
1 recommendation |
justin
Mod
2013-Oct-2 10:28 pm
I'm not sure, they've taken out one guy pretty effectively but the vendors, the customers, and the currency is still online. There are competing sites following the same model. This will boost the competition one of which will step up to fill the gap.
As I read somewhere: napster shuttered! the end of pirating, no, not by a long shot. |
actions · 2013-Oct-2 10:28 pm · (locked) |
CamaroQuestion everything Premium Member join:2008-04-05 Westfield, MA |
to Soho97UK
said by Soho97UK:Maintaining true anonymity is a tricky business with a high profile site. The way I figure if you are going to do something like this that basically paints a bulls eye on you is at least take basic steps, like hacking someone else's wifi on the other side of your state, maybe the next state over, don't use speed pass or any car tracking system to develop a pattern on you and map out roads with no speed cameras, turn your cell phone off, AND DON"T USE YOUR PERSONAL COMPUTER. You know basic stuff a geek should know. He deserved to get caught being that naive. |
actions · 2013-Oct-8 2:03 pm · (locked) |
BonezXBasement Dweller Premium Member join:2004-04-13 Canada |
to justin
i'm surprised they just didn't tag him when he tried to transfer bitcoins for purchases. the little cryptodollars are tracked through every transaction, it wouldn't be hard to "sell" him something and get the information from the transaction. » en.bitcoin.it/wiki/Anonymityit isn't terribly hard to find someone through them if you transfer them to the wrong person. |
actions · 2013-Oct-12 12:25 pm · (locked) |
Mike Mod join:2000-09-17 Pittsburgh, PA |
Mike
Mod
2013-Oct-14 9:17 am
basically set up millions of honey pots and hope for the best?
That's an interesting idea. |
actions · 2013-Oct-14 9:17 am · (locked) |
justin..needs sleep Mod join:1999-05-28 2031 Billion BiPAC 7800N Apple AirPort Extreme (2011)
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to BonezX
said by BonezX:i'm surprised they just didn't tag him when he tried to transfer bitcoins for purchases. Since he apparently has a huge bitcoin wallet - as yet unencrypted by the authorities - it is possible that the majority of his profits were kept in btc. Since the entry point and exit point for bitcoins were not very well regulated it was (and probably still is) possible to convert money to bitcoins and bitcoins to money without a solid tie to a real life identity. Silk road also "tumbled" coins to de-link a given bitcoin value from a specific transaction. I'm imagining any serious vendors would have further tumbled their coins before daring to cash any in. Although there is a trail, and it is public, it is a long series of anonymous numbers, not a long series of real life identities. Without knowing all the links in a chain, and without any other supporting evidence, having possession of a bitcoin previously (for example) stolen is not by itself proof of anything. |
actions · 2013-Oct-14 9:37 am · (locked) |