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(The Register)   At first when they came for the Bitcoins, I said nothing   (theregister.co.uk) divider line 27
    More: Sad, Silk Road, pharmaceutical drugs, El Reg, Klonopin  
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4744 clicks; posted to Geek » on 28 Jun 2013 at 11:16 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



27 Comments   (+0 »)
   
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2013-06-28 03:57:24 AM
Bitcoins are worth nothing and useless!

Oh, wait.
 
2013-06-28 11:39:51 AM
FTA: "Seizure is probably a word used to imply that money was received in the process of a Silk Road sting operation, rather than actually seized from the Bitcoin user's wallet," said Andreas M. Antonopoulos, a security expert and Bitcoin fan.

On a Bitcoin forum, one user who knew the man whose virtual currency was seized said it was bad security that led to cops finding out who he was.

He wrote: "The crazy thing is, he messaged me from his vendor account, and willingly gave me his entire personal address, not a drop address. I myself warned [name removed]* at the time to be careful because anyone at anytime could blackmail him, and he pretty much dismissed the idea and said 'no problem, I might start a alternate buyer account to start buying. I'm not worried about it'."


That's all I needed to read.
 
2013-06-28 11:40:01 AM

James F. Campbell: Bitcoins are worth nothing and useless!

Oh, wait.


No, but they are stupid.  Like, as in only people who never got over their teenage rebelliousness find any value in them(and yes, drug dealers fit into that category).
 
2013-06-28 11:42:29 AM

ikanreed: James F. Campbell: Bitcoins are worth nothing and useless!

Oh, wait.

No, but they are stupid.  Like, as in only people who never got over their teenage rebelliousness find any value in them(and yes, drug dealers fit into that category).


Yeah, but it's widespread enough that it's possible to live solely by using them.

http://www.forbes.com/sites/kashmirhill/2013/05/09/25-things-i-learn ed -about-bitcoin-from-living-on-it-for-a-week/
 
2013-06-28 12:44:54 PM
i.imgur.com
 
2013-06-28 12:45:27 PM
If I ran a respectable business, I would not accept the false currency of furries, kiddie porn slavery and narcotics.
 
2013-06-28 12:55:11 PM

Nemo's Brother: If I ran a respectable business, I would not accept the false currency of furries, kiddie porn slavery and narcotics.


Federal Reserve Notes?
 
2013-06-28 01:04:05 PM

ikanreed: James F. Campbell: Bitcoins are worth nothing and useless!

Oh, wait.

No, but they are stupid.  Like, as in only people who never got over their teenage rebelliousness find any value in them(and yes, drug dealers fit into that category).


Yeah, we've seen shiat like this before:

cdn100.iofferphoto.com
 
2013-06-28 01:20:27 PM
So I take it the Silk Road is back up and still getting stupid motherfarkers caught? Hilarious.
 
2013-06-28 01:51:19 PM
Drug laws are stupid because criminals don't obey laws.
Right, gun nuts?
 
2013-06-28 01:55:10 PM

UNC_Samurai: ikanreed: James F. Campbell: Bitcoins are worth nothing and useless!

Oh, wait.

No, but they are stupid.  Like, as in only people who never got over their teenage rebelliousness find any value in them(and yes, drug dealers fit into that category).

Yeah, we've seen shiat like this before:

[cdn100.iofferphoto.com image 850x491]


What is that exactly? I've never seen that before.
 
2013-06-28 01:58:39 PM

SN1987a goes boom: UNC_Samurai: ikanreed: James F. Campbell: Bitcoins are worth nothing and useless!

Oh, wait.

No, but they are stupid.  Like, as in only people who never got over their teenage rebelliousness find any value in them(and yes, drug dealers fit into that category).

Yeah, we've seen shiat like this before:

[cdn100.iofferphoto.com image 850x491]

What is that exactly? I've never seen that before.


It looks to be a retarded bearer-bond designed to be treated as cash moneys.
 
2013-06-28 02:07:05 PM

2chris2: [i.imgur.com image 400x400]


That about covers it.  Bitcoin is Goldbuyers for twentysomethings.
 
2013-06-28 02:11:53 PM

Flappyhead: 2chris2: [i.imgur.com image 400x400]

That about covers it.  Bitcoin is Goldbuyers for twentysomethings.


QFT
 
2013-06-28 02:53:11 PM
As a current ex-pat, anything that makes it easier for me to take the money I have now and turn it into money I can use later, makes me happy.  I get why people don't like bitcoin, but the idea behind it is great and it would mean no need to pay ridiculous commissions/fees so that I can spend the money I have now to pay whatever bills I have.
 
2013-06-28 03:35:45 PM
Couldn't the cops work with delivery services to see where Silk Road and/or Atlantis deliveries originate?
 
2013-06-28 03:57:02 PM
I don't know what it is about bitcoins, but the more I try to understand them the less sense they make.
If it boils down to trading encryption codes like pieces of currency then the only way someone could seize them is if they were "paid" to the person doing the seizing.
Sounds like this guy ran into a honey pot rather than bitcoins being any more/less secure than they were before.
 
2013-06-28 04:39:35 PM

way south: I don't know what it is about bitcoins, but the more I try to understand them the less sense they make.
If it boils down to trading encryption codes like pieces of currency then the only way someone could seize them is if they were "paid" to the person doing the seizing.
Sounds like this guy ran into a honey pot rather than bitcoins being any more/less secure than they were before.


IIRC, it's possible to keep your bitcoins in a local wallet rather that on an exchange, and do transfers from that to your exchange account as needed. The cops might have seized a thumbdrive or something and found the password. The guy sounds dumb enough to have written it on a post-it somewhere.
 
2013-06-28 04:43:13 PM

way south: I don't know what it is about bitcoins, but the more I try to understand them the less sense they make.
If it boils down to trading encryption codes like pieces of currency then the only way someone could seize them is if they were "paid" to the person doing the seizing.
Sounds like this guy ran into a honey pot rather than bitcoins being any more/less secure than they were before.


Simple.  Cops knew from the sting he dealt in bitcoins.  Cops turn on his seized computer, and transferred coins to their account.  Cops will someday successfully argue that this is "asset forfeiture", the same way they already confiscate vehicles, bank accounts and homes.
 
2013-06-28 04:59:59 PM

Nemo's Brother: If I ran a respectable business, I would not accept the false currency of furries, kiddie porn slavery and narcotics.


Furries are a major user of Bitcoin?

...news to me!
 
2013-06-28 06:13:11 PM

MrEricSir: Couldn't the cops work with delivery services to see where Silk Road and/or Atlantis deliveries originate?


The delivery service used is usually the USPS, and all they could generally learn is what post office or mailbox the dealer sent the package from, and if said dealer used a variety of post offices they couldn't very well stake out all of them. You would also have to detect a questionable package in the first place, and that usually doesn't happen if the dealer is at all careful. Overall it would take a lot of work with little real chance of success, unless the dealer in question was a complete farking moron, as in this case.
 
2013-06-28 06:17:23 PM
after downloading tor and checking out the silk road, all i can say is there is an internet out there I know nothing about and that internet is kind of scary
 
2013-06-28 06:34:36 PM

malaktaus: MrEricSir: Couldn't the cops work with delivery services to see where Silk Road and/or Atlantis deliveries originate?

The delivery service used is usually the USPS, and all they could generally learn is what post office or mailbox the dealer sent the package from, and if said dealer used a variety of post offices they couldn't very well stake out all of them. You would also have to detect a questionable package in the first place, and that usually doesn't happen if the dealer is at all careful. Overall it would take a lot of work with little real chance of success, unless the dealer in question was a complete farking moron, as in this case.


Seems to me all the cops/DEA/whatever would have to do is place an order, look at the USPS origin stamp, then send a photo of the box to post offices in that area.

Of course that wouldn't work if the box was small enough to go in a blue box. That would be really hard to track down.
 
2013-06-28 06:51:07 PM

ikanreed: SN1987a goes boom: UNC_Samurai: ikanreed: James F. Campbell: Bitcoins are worth nothing and useless!

Oh, wait.

No, but they are stupid.  Like, as in only people who never got over their teenage rebelliousness find any value in them(and yes, drug dealers fit into that category).

Yeah, we've seen shiat like this before:

[cdn100.iofferphoto.com image 850x491]

What is that exactly? I've never seen that before.

It looks to be a retarded bearer-bond designed to be treated as cash moneys.


Oh wow, I just read the text in the middle.  That has to be some sovereign citizen derp.
 
2013-06-28 10:15:31 PM

MrEricSir: malaktaus: MrEricSir: Couldn't the cops work with delivery services to see where Silk Road and/or Atlantis deliveries originate?

The delivery service used is usually the USPS, and all they could generally learn is what post office or mailbox the dealer sent the package from, and if said dealer used a variety of post offices they couldn't very well stake out all of them. You would also have to detect a questionable package in the first place, and that usually doesn't happen if the dealer is at all careful. Overall it would take a lot of work with little real chance of success, unless the dealer in question was a complete farking moron, as in this case.

Seems to me all the cops/DEA/whatever would have to do is place an order, look at the USPS origin stamp, then send a photo of the box to post offices in that area.

Of course that wouldn't work if the box was small enough to go in a blue box. That would be really hard to track down.




I like how people think that postal employees have the ability to memorize all the packages and the people that drop them off.
 
2013-06-28 10:24:12 PM

HempHead: MrEricSir: malaktaus: MrEricSir: Couldn't the cops work with delivery services to see where Silk Road and/or Atlantis deliveries originate?

The delivery service used is usually the USPS, and all they could generally learn is what post office or mailbox the dealer sent the package from, and if said dealer used a variety of post offices they couldn't very well stake out all of them. You would also have to detect a questionable package in the first place, and that usually doesn't happen if the dealer is at all careful. Overall it would take a lot of work with little real chance of success, unless the dealer in question was a complete farking moron, as in this case.

Seems to me all the cops/DEA/whatever would have to do is place an order, look at the USPS origin stamp, then send a photo of the box to post offices in that area.

Of course that wouldn't work if the box was small enough to go in a blue box. That would be really hard to track down.

I like how people think that postal employees have the ability to memorize all the packages and the people that drop them off.



Thanks to the NSA taking photos of everything that goes through the mail, they don't have to!
 
2013-06-28 11:28:07 PM

MrEricSir: HempHead: MrEricSir: malaktaus: MrEricSir: Couldn't the cops work with delivery services to see where Silk Road and/or Atlantis deliveries originate?

The delivery service used is usually the USPS, and all they could generally learn is what post office or mailbox the dealer sent the package from, and if said dealer used a variety of post offices they couldn't very well stake out all of them. You would also have to detect a questionable package in the first place, and that usually doesn't happen if the dealer is at all careful. Overall it would take a lot of work with little real chance of success, unless the dealer in question was a complete farking moron, as in this case.

Seems to me all the cops/DEA/whatever would have to do is place an order, look at the USPS origin stamp, then send a photo of the box to post offices in that area.

Of course that wouldn't work if the box was small enough to go in a blue box. That would be really hard to track down.

I like how people think that postal employees have the ability to memorize all the packages and the people that drop them off.


Thanks to the NSA taking photos of everything that goes through the mail, they don't have to!




They have been able to tell what post office it was mailed at by the postage label for many years now...matching the package with the person who mailed it, not so easy.
 
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