The Silk Road is back

[Matty]

This is how you do it: http://nypost.com/2013/05/30/french-canadian-drug-kingpin-pleads-guilty-to-trafficking-marijuana/

Jimmy at least got to live the high life for a bit.

Well played Jimmy.

 

[roguejuror]

If he would have chosen to exit and stiff he could have become probably the most vested man in bitcoins.

39,918 btc https://blockchain.info/address/1EiVHZnDVjFH6Tic1YmWUSfYmVUnUZdnMU

Sheep Marketplace closes, stiffs $40 million dollars

 

[CaliGirlNY]

someone sum this up for me: how do i buy drugs online? ;-0

 

[Blitty]

The stuff I gave you was bought online.

 

[FairWarning]

This site running Cyber Monday promos?

 

[Blitty]

BOGO 8 balls.

 

[Matty]

weeeeeeee

 

[CaliGirlNY]

The stuff I gave you was bought online.

from silk road?

 

[Blitty]

from silk road?

Yap.

Best chit you will ever find. Costs a premium though.

 

[CaliGirlNY]

hmmmmm

 

[mrquincy]

Dunno how new this news is, but I stumbled across this article today.

http://www.seattlepi.com/news/crime/article/2-Bitcoin-operators-charged-in-NY-Silk-Road-bust-5178746.php

 

[Matty]

It's new news, I been checking the situation all morning.

Mini BTC crash.

 

[Matty]

The story of Dread Pirate Roberts's arrest is kinda fun... covert FBI peeps disguised as library rats.

http://www.rollingstone.com/culture...ntic&utm_medium=facebook&utm_campaign=partner

 

[fiveteamer]

A lot of this shit is not adding up and really we only have law enforcement's side of the story. I doubt he made a half billion dollars. Why the fuck was he using wifi in a public library? There has to be more to this story.

Maybe this could be like when Saul said to Carrie in Homeland: "You're the smartest and dumbest fucking person I know"

 

[Matty]

I read in another story that Ross himself calculated his net worth to be $100 million at one point. Mind you, that was all in Bitcoin, so the amount was immaterial - there was and is still no way to convert that many bitcoins back into cash without going straight to jail.

As for his use of public wi-fi, he was hidden behind Tor all the time. The Feds only got access to his communications once they took possession of his computer(s). Guy was good - without his early post as "Altoid", he might still be doing his thing.

 

[roguejuror]

yeah those figures are wacked nearly 20 percent of drug consumers in the U.S. used narcotics bought on Silk Road

good article though

 

[CaliGirlNY]

how do you buy this stuff without getting caught or put into a database - i need someone to teach me how this works

 

[FreeFall]

I read in another story that Ross himself calculated his net worth to be $100 million at one point. Mind you, that was all in Bitcoin, so the amount was immaterial - there was and is still no way to convert that many bitcoins back into cash without going straight to jail.

As for his use of public wi-fi, he was hidden behind Tor all the time. The Feds only got access to his communications once they took possession of his computer(s). Guy was good - without his early post as "Altoid", he might still be doing his thing.

the term you are looking for are unrealized gains. I expect more out of you for being a pencil pusher.