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re: So what happens to Bitcoin now?

Posted on 10/2/13 at 11:13 am to
Posted by WikiTiger
Member since Sep 2007
41055 posts
Posted on 10/2/13 at 11:13 am to
quote:

Do we see a massive crash?


We'll see a small crash.



Word on the street:
quote:

It looks like they sniffed him out by looking back at old Internet records (forum posts, IPs etc) from around the time of SRs appearance. The first person to ever advertise SR was DPR himself, and he used an email account attached to his natural born identity. No NSA or technical hack.






Some other site will replace it to fill the vacuum soon.

Posted by Broke
AKA Buttercup
Member since Sep 2006
65050 posts
Posted on 10/2/13 at 11:14 am to
quote:

Some other site will replace it to fill the vacuum soon.


So it's not as elaborate as it seems to set up?
Posted by boosiebadazz
Member since Feb 2008
80399 posts
Posted on 10/2/13 at 11:36 am to
quote:

It looks like they sniffed him out by looking back at old Internet records (forum posts, IPs etc) from around the time of SRs appearance. The first person to ever advertise SR was DPR himself, and he used an email account attached to his natural born identity. No NSA or technical hack


If this is true, I'm a little disappointed it took the feds this long.
Posted by Cold Cous Cous
Bucktown, La.
Member since Oct 2003
15051 posts
Posted on 10/2/13 at 12:53 pm to
quote:

WikiTiger

This is why I don't buy the theory that you can just technology your way out of any problem. Technology won't change the fact that, inevitably, people frick up.
Posted by Poodlebrain
Way Right of Rex
Member since Jan 2004
19860 posts
Posted on 10/2/13 at 5:33 pm to
I recall telling you one of the vulnerabilities to the anonymous use of Bitcoins are the access and egress points of the Tor network. Well the feds hit a home run, and got them for one user. Identifying DPR is just the tip of the ice berg, and they will now have fixed points from which to track everything that hit the Silk Road server. The feds will be able to analyze traffic to and from the server for Silk Road, and hone in on every user they wish. This includes all of their Bitcoin transactions. I expect we will be reading about the feds seizing large numbers of Bitcoins from persons who were conducting illegal activities on the Silk Road.

When do you think the feds actually identified DPR, and how long have they been monitoring Silk Road and gathering usable information about the user of Silk Road? I'd be willing to bet is has been for more than one year. The NSA, and law enforcement agencies, will be busy for quite some time analyzing all of the information they will have gathered from the Silk Road server.
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