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re: So what happens to Bitcoin now?

Posted on 10/2/13 at 5:33 pm to
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.
Posted by WikiTiger
Member since Sep 2007
41055 posts
Posted on 10/2/13 at 5:39 pm to
quote:

are the access and egress points of the Tor network.


and they didn't use those to identify him at all.


they identified him because he was a dumbass and used a screen name early on to promote SR that was also associated with his real name on other forums

so, once again, Poodlebrain rambles on about technology when he really has absolutely no understanding of what he is talking about
Posted by PhifeDogg
Stankonia
Member since Mar 2006
6048 posts
Posted on 10/2/13 at 9:25 pm to
quote:

. Well the feds hit a home run,



I guess, kinda.. But I don't think all that you think was compromised, was actually compromised.


SR never had a record of the sellers (names, addresses). a few may get popped if they have incriminating evidence in their SR inbox, but most will be able to move their biz to BMR and continue with just a small hiccup in their life.

Buyers had more risk
in this business model than sellers, and the reputable sellers were beasts from what I hear. "Beasts" in that their usernames are like brand names in the underground market. Just using their usernames on whatever new market they choose will bring their legions of buyers back to them.

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