Silk Road shut down this morning - arrests made

[unchainedghost]

anyone looking to buy ~1300 swc chips? THAT I PURCHASED JUST TWO FUCKING DAYS AGO

damn you, srslysirius

$25 work ?

[WillieMcFML]

on second thought, it'll probably increase the action on swc in the short term

those nerds don't have anything else to do with their bitcoins anymore

gonna run it up hella

[WillieMcFML]

a little disappointed DPR wasn't our boy yebsite

[donkeykilla]

?????


Anyone who knows how to go to silk road, check to see if its back up right now.


Someone just posted that its up again. This is crazy. Back up plan in place?

I checked, it is still down.

[RichardBrodiesCombover.]

Rofl, can you actually hire an assassin on Silk Road? The thought of a hitman taking a Bitcoin as a payment is lol.

[shortbuspoker]

SilkRoad Killed by USA Government
October 2, 2013 by DonkDown Admin

“The only way to deal with an unfree world is to become so absolutely free that your very existence is an act of rebellion.” -Adam Kokesh quoting Albert Camus



i usually feel sorry for micon and at some times like him, but shit like the above really makes him easy to hate. what a pompous windbag.

I may be a bit of a rube, but why would you quote a person quoting someone else rather than just quote the original person?

[4Dragons]

a little disappointed DPR wasn't our boy yebsite

 

How

 

could

 

you?

 

 

 

[simpdog]

Maybe this was badguy's big announcement for radio next week

He has been working undercover.

[WillieMcFML]

question for someone who can math....


if 3.6 mill of bitcoin was "taken" by the government and hypothetically destroyed, how much more equity does that add per btc?

[tony bagadonuts]

Looks like I picked the right week to quit amphetamines.

[simpdog]

question for someone who can math....


if 3.6 mill of bitcoin was "taken" by the government and hypothetically destroyed, how much more equity does that add per btc?

3.6 mill is say 27000ish btc at $130ish

There are > 11.5 mill of them in circulation http://blockchain.info/charts/total-bitcoins

So a drop in the bucket and really it dropped the price from 140->130 so it had a negative effect.

[DRK Star]

I saw someone do the math on this and by taking those out of circulation, it should have increased the value by around .26 or .28 cents per coin.

[lewfather]

I saw someone do the math on this and by taking those out of circulation, it should have increased the value by around .26 or .28 cents per coin.

I don't know about the math but my initial thought was if you have X amount of coin wouldn't this matter actually increase the value of all coin available? Of course after the shock and uneasiness investors might have.

[Rollo Tomasi]

good point.

One guy commented that if you had a back up address installed, this was the back up plan so that you could now withdraw any funds you had on there.

People are wondering if anyone has tried to withdraw their funds using their back up addresses.

did you consider the FBI could be running the site atm furr brain

[Salty_Aus]

Bitcointalk hacked a few hours ago too.

[BCR]

Even if it's back if the information about Tor being watched/compromised is correct then who the hell wants to risk making any transactions on that site right now?

I've seen a lot of sites that sell illegal items get busted, only to pop up again shortly. I always laugh when guys use them again, because the feds always arrive at their home shortly after, or simply seize their money and send them a stern customs letter basically daring them to come pick up their ordered products in person.

It's the real world equivalent of a 50 year old white male picking up your drug dealer's phone, and saying "he's busy, just tell me what you want and I'll take care of it."

[4Dragons]

I saw someone do the math on this and by taking those out of circulation, it should have increased the value by around .26 or .28 cents per coin.

I don't know about the math but my initial thought was if you have X amount of coin wouldn't this matter actually increase the value of all coin available? Of course after the shock and uneasiness investors might have.

[PLOL]

I saw someone do the math on this and by taking those out of circulation, it should have increased the value by around .26 or .28 cents per coin.

Lol, you really think they're going to be taken out of circulation? The gov't is going to sell them off

[Deal]

How close to the cost of mining a coin are they trading at?

Also, the government won't directly trade them and in return fund themselves. They will put the keys into evidence and from there they will disappear without the government directly benefiting.

[Indyrick]

I saw someone do the math on this and by taking those out of circulation, it should have increased the value by around .26 or .28 cents per coin.

Lol, you really think they're going to be taken out of circulation? The gov't is going to sell them off

Gotta fund the government some how....