re: 4,400BTC (~$2.7M) stolen from Silk Road 2.0 escrow account

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What?

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Would you prefer to read the BIP instead of my explanation?

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That was an explanation?!?

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Yes, sorry if you didn't understand.

Interesting price movement on Gox just now:

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Does this mean MtGox is back to being the best btc exchange?

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If traders continue to use Mt Gox it will continue to frick up and draw the ire of the community.

I hope you were able to sell your Bitcoins during the short spike. The price declined by 50% within 6 hours.

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What you are basically saying is the level of mistrust among Bitcoin users is so great that every transaction must be escrowed to ensure performance by all parties.

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The purpose of bitcoin is to take away the need for trust.

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All of the communications with the escrow agent will leave a trail for law enforcement.

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No it won't, the communication happens on the blockchain through encryption. Only the people with the private keys would be able to read it.

Seriously, how long have you been having these discussions? I'd think after all this time you'd have an inkling of understanding of cryptography.

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How do buyers and sellers agree upon the escrow agent without communications and the escrow agent being an identifiable person or organization?

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There will assuredly be a lot of identifiable persons acting as escrow agents, because this won't be limited to the Silk Road and illegal activities. For Silk Road users, who are used to a pseudonymous reputation system, it will be based on the reputation of pseudonymous people.

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Who is taking the exchange risk while the Bitcoins are in escrow?

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The same people that have taken the risk the entire life cycle of the SR1 and SR2, the seller.

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I hope you were able to sell your Bitcoins during the short spike. The price declined by 50% within 6 hours.

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Umm, nope.

The high for the past 24 hours is $673 and the low is $620.

Your reference was to MtGox. You even posted and image of the chart. Well according to this site, LINK, the 24hr high was $540.0 and the low was $220.3 on the MtGox exchange.

You must have been attempting to mislead readers with your reference. Were you trying to prove to us that you are as trustworthy as the typical user of Bitcoins who require escrow services for routine transactions?

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Umm, nope.

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Ummmmm, yep. You're so dishonest.

You posted the price spike on MtGox exchange. Poodle asked you if you sold your btc during the spike because btc fell again, losing 50% of its value.

You pretend he wasn't referring to MtGox and, by association, that you never referred to the price spike on MtGox.

Do you see why you're so distrusted when you post?

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My reference to the price movement on Mt. Gox was irrelevant.

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I've reached the point where all of your posts are irrelevant.

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Ummmmm, yep. You're so dishonest.

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I'm not dishonest. I posted a price spike that has nothing to do with the price of bitcoins, but the price at which Goxcoins are trading. It was interesting to see it jump and then crash like that and I'd be curious to know what caused.

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Poodle asked you if you sold your btc during the spike because btc fell again, losing 50% of its value.

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I have said that I've never used Mt Gox before. If I had Goxcoins I'd be a lot more pissed off at Gox than I am. He knows this, you know this, everyone knows this, so why ask?