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Message
1
Posted on 2/14/14 at 4:19 pm to LSURussian
I'm just killing time and looking around at bitcoin sites and it's cracking me up.
This little gem on Mt. Gox
This little gem on Mt. Gox
quote:
RELIABLE
We're always on. Buy and sell Bitcoin 24/7/365 with the world's most sophisticated trading platform.
Posted on 2/14/14 at 4:21 pm to cwill
quote:
Where's josh? Did Ulbricht have him killed?
I hope not. I kinda like the little fella. He reminds me of a pet hamster I had as a kid. Maybe he ran out of those smart/energy pills he said last week he was buying off the interwebz and he's crashed.
Posted on 2/14/14 at 4:40 pm to LSURussian
Another week of exchanges being plugged up like a constipated bulldog and we should have dinner.
Posted on 2/14/14 at 4:47 pm to Broke
quote:
Another week of exchanges being plugged up like a constipated bulldog and we should have dinner.
I wonder how many people are going to cash out after they open up the flood gates again? Well, if they open back up....
Posted on 2/14/14 at 10:44 pm to htownjeep
quote:
I wonder how many people are going to cash out after they open up the flood gates again? Well, if they open back up....
I don't fully understand how a btc exchange works but one btc message board this week said MtGox needed the price of btc to drop a lot because that was the only way it could come up with the funds needed to honor customer withdrawals.
It may be just normal bitcoinista paranoia (which bitcoin lovers seem to have a great deal of), but if the message board is correct that tells me MG has purposefully been manipulating btc prices by using scare tactics.
Posted on 2/15/14 at 9:04 am to LSURussian
It will be a while before it is determined if the recent demise of MtGox was due to ineptitude, malfeasance or a combination of the two. Given the nature of the Bitcoin community it is impossible to rule out malfeasance.
Posted on 2/15/14 at 10:31 am to Poodlebrain
Poodle, I'm getting a little concerned about josh. He hasn't posted for almost 48 hours after he embarrassed himself in this thread.
Should we send out an APB on him?
Should we send out an APB on him?
Posted on 2/15/14 at 11:14 am to LSURussian
Shame on you for tossing that belt high change up right over the middle of the plate. I can't decide which smart arse response would get the most reaction. So in a shocking twist I am going to use this opportunity to demonstrate I can be a bigger person, while shamelessly patting myself on the back for doing so.
Posted on 2/15/14 at 11:42 am to Poodlebrain
Posted on 2/15/14 at 3:31 pm to C
quote:
This is like a poker table field pros and marks. The pros keeping suckering in the marks and cleaning them out.
Really? What percentage of bitcoin funds in total have been stolen to date? Do you think more or less than $2.7 Million was stolen from regular old American online bank accounts today?
Posted on 2/15/14 at 3:38 pm to Big Scrub TX
Less.
Posted on 2/15/14 at 3:48 pm to LSURussian
Really? In total - around the entire American banking system on the day of this bitcoin heist - the collective heist was less than $2.7 Million?
Posted on 2/15/14 at 5:07 pm to Big Scrub TX
Yes.
Posted on 2/15/14 at 5:56 pm to LSURussian
A list of Ross Ulbricht's charges:
Narcotics Trafficking Conspiracy
Continuing Criminal Enterprise
Computer Hacking Conspiracy
Money Laundering Conspiracy
I'm pretty sure of the four aforementioned charges none say Murder for Hire or Soliciting Murder, but I could be mistaken.
Narcotics Trafficking Conspiracy
Continuing Criminal Enterprise
Computer Hacking Conspiracy
Money Laundering Conspiracy
I'm pretty sure of the four aforementioned charges none say Murder for Hire or Soliciting Murder, but I could be mistaken.
This post was edited on 2/15/14 at 5:57 pm
Posted on 2/15/14 at 6:00 pm to joshnorris14
The news article I linked earlier in this thread said his charges included conspiring to murder 6 people.
Could you post a link to the list of charges you posted? I'm not saying I don't take your word for it, but.......
Could you post a link to the list of charges you posted? I'm not saying I don't take your word for it, but.......
Posted on 2/15/14 at 6:05 pm to LSURussian
quote:
Could you post a link to the list of charges you posted? I'm not saying I don't take your word for it, but.......
LINK
quote:
ULBRICHT, 29, of San Francisco, California, is charged with one count of narcotics conspiracy, which carries a maximum sentence of life imprisonment and a mandatory minimum sentence of 10 years; one count of engaging in a continuing criminal enterprise, which carries a maximum sentence of life imprisonment and a mandatory minimum sentence of 20 years in prison; one of count of conspiracy to commit computer hacking, which carries a maximum sentence of five years in prison; and one count of money laundering conspiracy, which carries a maximum sentence of 20 years in prison.
The media was either lazy or deceitful in their reporting. The indictment does say he sought out murder for hire services, but does not say he was charged with any crime for doing so.
This post was edited on 2/15/14 at 6:10 pm
Posted on 2/15/14 at 6:22 pm to joshnorris14
quote:
The indictment does say he sought out murder for hire services, but does not say he was charged with any crime for doing so.
The fat lady has not sung yet on additional possible charges.
quote:LINK
In addition to the charges in the indictment, prosecutors also have said Ulbricht paid to have six people murdered. Despite allegedly laying out $730,000 for these hits, investigators say there is no evidence anyone died as a result of these murder-for-hire requests.
The prosecution still has the opportunity to bring additional charges against Ulbricht. The judge set a soft deadline of March 31 for the government to file a superseding indictment. Dratel, after the hearing, said he isn't sure if Ulbricht will face any formal charges related to the murder-for-hire allegations.
ETA: Why is it so important to you for him to not be charged for the hired murders? Would that be some kind of vindication to you proving he's not really a bad person or something?
This post was edited on 2/15/14 at 6:25 pm
Posted on 2/15/14 at 6:23 pm to LSURussian
Posted on 2/15/14 at 6:45 pm to Poodlebrain
quote:
Decentralization to him is just a fancy way of saying outside the law.
Incorrect. I'll try to explain it in the simplest terms possible so that you can understand.
The escrow feature on the Silk Road 2.0 (And the Silk Road) utilizes the Silk Road servers to store the bitcoin, and if they were stored on SR's servers it would take multiple parties to release the funds.
If you were a customer on the Silk Road, you'd create a wallet (hosted on the Silk Road) and send your money from your wallet to your Silk Road wallet.
Hopefully you can connect the dots and see why that is considered "centralized".
Now, when DEFCON said the Silk Road needs to become decentralized, he meant it needed to utilized multiple-signature transactions so that customer funds wouldn't need to be stored on the Silk Road's servers, and if they were stored on SR's servers, .
This would work like this:
Seller lists item
Buyer purchases item
Buyer sends bitcoin to address of mutually agreed upon escrow agent.
Once the conditions of the sale are met, buyer and escrow agent sign the transaction releasing the bitcoin to the seller.
This decentralization isn't limited to black market activity.
This post was edited on 2/15/14 at 6:47 pm
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