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(Reuters)   Silk Road shut down. Bonus: Not by the Ottomans   (reuters.com) divider line 153
    More: Interesting, Silk Road, FBI, digital currency, bitcoins, United States Attorney  
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6251 clicks; posted to Main » on 02 Oct 2013 at 2:29 PM (49 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-10-02 01:25:03 PM
From the Criminal Complaint

ULBRICHT, a/k/a "Dread Pirate Roberts," a/k/a a/k/a "Silk Road," the defendant, in connection with operating the Silk Road website, solicited a Silk Road user to execute a murder--for--hire of another Silk Road user, who was threatening to release the identities of thousands of users of the site.

I bet it was the man with 6 fingers!
 
2013-10-02 01:31:10 PM

scottydoesntknow: From the Criminal Complaint

ULBRICHT, a/k/a "Dread Pirate Roberts," a/k/a a/k/a "Silk Road," the defendant, in connection with operating the Silk Road website, solicited a Silk Road user to execute a murder--for--hire of another Silk Road user, who was threatening to release the identities of thousands of users of the site.

I bet it was the man with 6 fingers!


So reading that apparently it is illegal to configure your computer to disallow tracking cookies or browse the web anonymously.
 
2013-10-02 01:43:55 PM
By the Hassocks, instead?
 
2013-10-02 02:08:51 PM
I was going to blame those damn Parthians.
 
2013-10-02 02:10:49 PM
So the guy was basically caught because he advertised his site on a drug forum with the username 'altoid', then 8 months later used the same username on a different site, asking for advice on how to configure TOR sites, with responses to be sent to a gmail account with his real name on it.  Real smooth.
 
2013-10-02 02:33:21 PM
In addition, looks like bitcoins are crashing in value, based on the wharrgarble from someone in a chatroom I'm in.
 
2013-10-02 02:33:23 PM
AH MAN.  I was just about to buy a pound of heroin and then have a hitman kill me while holding a fake Albanian passport, too.
 
2013-10-02 02:34:46 PM
That didn't take as long as I thought it would.
 
2013-10-02 02:35:41 PM
Crap! What am I going to do with all these bitcoins now?
 
2013-10-02 02:35:44 PM
That's a shame.
 
2013-10-02 02:36:26 PM
And it's no one's business but The Turks.
 
2013-10-02 02:36:50 PM

Summercat: In addition, looks like bitcoins are crashing in value, based on the wharrgarble from someone in a chatroom I'm in.


Because the feds are seizing millions of them, apparently.  At least from this douche.
 
2013-10-02 02:37:33 PM
"Authorities also seized $3.6 million worth of digital currency Bitcoin, which was used instead of cash or credit cards to complete transactions on Silk Road."

I wonder if they'll launder these back to cash, knowing that for the most part they'd be selling them to drug buyers for more illicit transactions, or permanently impound them, which I think in an indirect way would minutely increase the exchange rate for bitcoins by taking them out of circulation.
 
2013-10-02 02:38:20 PM
Hook him up to The Machine.
 
2013-10-02 02:38:31 PM

Tom_Slick: So reading that apparently it is illegal to configure your computer to disallow tracking cookies or browse the web anonymously.


I don't see anything like that just skimming but...

First of all, not every single thing in a criminal complaint is a list of crimes committed. Some of the things in the complaint are merely explanations of how the crimes were committed, and those explanations can include references to objects and actions that were used to further the crime but which are not, themselves, criminal.

Second of all, things that would not normally be illegal can become criminal acts if you do them for the purpose of furthering other criminal acts.

For example, it's not illegal to drive a person away from a bank, but it is illegal to drive a person away from a bank if the intent is to help them escape after they robbed it.
 
2013-10-02 02:39:07 PM
Bravo subby, you history nerd.  Let's meet up later and play an MP game of Europa Universalis IV.
 
2013-10-02 02:39:39 PM
Damn!
 
2013-10-02 02:39:58 PM

Summercat: In addition, looks like bitcoins are crashing in value, based on the wharrgarble from someone in a chatroom I'm in.


Well, if google is correct, they've gone from consistently being worth around $20 to being priced over $100 in the last year. So... it wouldn't surprise me if that needed to deflate a little.

/Silk Road will just be replaced by something else. It probably already has.
//I think everyone knew it was just a matter of time before it was taken down
 
2013-10-02 02:40:07 PM

thetrenchcoat: And it's no one's business but The Turks.


eil.com
 
2013-10-02 02:41:11 PM

Satanic_Hamster: Summercat: In addition, looks like bitcoins are crashing in value, based on the wharrgarble from someone in a chatroom I'm in.

Because the feds are seizing millions of them, apparently.  At least from this douche.


It has nothing to do with that.  The value of a currency is based on whether you can spend it or not.  Silkroad was where you could spend your bitcoins, since hardly anyone anywhere else takes them as payment.

No demand = no value.

Macroeconomics, how does it farking work?
 
2013-10-02 02:41:55 PM
That used to be my site.

*I* was the Dread Pirate Roberts.

I taught Ulbricht the trade and when I had plundered and robbed enough, I handed over the username to him, just as it was once handed down to me. It all seems like just a fairy tale now...
 
2013-10-02 02:42:42 PM
It's not like they've got the real DPR.

The previous DPR was a man named Ryan.  He inherited Silk Road from a man name Cummerbund, who was also not the real DPR. The real DPR is currently retired and living like a king in Patagonia.
 
2013-10-02 02:43:13 PM

Summercat: In addition, looks like bitcoins are crashing in value, based on the wharrgarble from someone in a chatroom I'm in.


Well what percentage of total Bitcoin transactions was SilkRoad responsible for...40%? Higher?
 
2013-10-02 02:43:14 PM
They only THINK they captured the Dread Pirate Roberts.
 
2013-10-02 02:43:22 PM
I cant help but to picture the authorities carrying these huge 8-bit cardboard cutouts of moneybags to represent the Bitcoins they "seized".
 
2013-10-02 02:44:03 PM
It's abut time. It was full of freaking bots anyway
 
2013-10-02 02:45:26 PM
I would have never thought that site was run out of the US... huh...
 
2013-10-02 02:45:47 PM

Bill_Wick's_Friend: It's not like they've got the real DPR.

The previous DPR was a man named Ryan.  He inherited Silk Road from a man name Cummerbund, who was also not the real DPR. The real DPR is currently retired and living like a king in Patagonia.


Good night Ulbricht.  I'll most likely kill you in the morning.
 
2013-10-02 02:45:50 PM
Looks like Bitcoins are now extra useless.
 
2013-10-02 02:46:09 PM
Wonder why he set it up in the United States?
 
2013-10-02 02:48:11 PM

bubo_sibiricus: Satanic_Hamster: Summercat: In addition, looks like bitcoins are crashing in value, based on the wharrgarble from someone in a chatroom I'm in.

Because the feds are seizing millions of them, apparently.  At least from this douche.

It has nothing to do with that.  The value of a currency is based on whether you can spend it or not.  Silkroad was where you could spend your bitcoins, since hardly anyone anywhere else takes them as payment.

No demand = no value.

Macroeconomics, how does it farking work?


there's plenty of similar sites on the deep web, silk road was just the most famous. Now some other site will take the top spot.
 
2013-10-02 02:48:22 PM
If only there was a way to short bitcoins...
 
2013-10-02 02:48:25 PM

lacydog: Summercat: In addition, looks like bitcoins are crashing in value, based on the wharrgarble from someone in a chatroom I'm in.

Well, if google is correct, they've gone from consistently being worth around $20 to being priced over $100 in the last year. So... it wouldn't surprise me if that needed to deflate a little.

/Silk Road will just be replaced by something else. It probably already has.
//I think everyone knew it was just a matter of time before it was taken down


I think there is another site like it that was giving him some competition.  I believe that is why he was being less low key recently in order to promote his site.  Of course that is what got him caught it seems.
 
2013-10-02 02:48:50 PM
timujin?
 
2013-10-02 02:49:16 PM

Stranded On The Planet Dumbass: Wonder why he set it up in the United States?


He thought he was forever safe because it was over Tor.
 
2013-10-02 02:50:14 PM
And nothing of value was lost.
 
2013-10-02 02:50:22 PM

Alonjar: If only there was a way to short bitcoins...


people do it all the time
 
2013-10-02 02:50:56 PM

Headso: bubo_sibiricus: Satanic_Hamster: Summercat: In addition, looks like bitcoins are crashing in value, based on the wharrgarble from someone in a chatroom I'm in.

Because the feds are seizing millions of them, apparently.  At least from this douche.

It has nothing to do with that.  The value of a currency is based on whether you can spend it or not.  Silkroad was where you could spend your bitcoins, since hardly anyone anywhere else takes them as payment.

No demand = no value.

Macroeconomics, how does it farking work?

there's plenty of similar sites on the deep web, silk road was just the most famous. Now some other site will take the top spot.


One of Silk Road's biggest competitors (can't remember the name right now) shut down just a couple weeks ago because the owner said the site was compromised.
 
2013-10-02 02:51:05 PM
I don't do drugs or hire assassins so I don't care.
 
2013-10-02 02:51:33 PM

scottydoesntknow: Headso: bubo_sibiricus: Satanic_Hamster: Summercat: In addition, looks like bitcoins are crashing in value, based on the wharrgarble from someone in a chatroom I'm in.

Because the feds are seizing millions of them, apparently.  At least from this douche.

It has nothing to do with that.  The value of a currency is based on whether you can spend it or not.  Silkroad was where you could spend your bitcoins, since hardly anyone anywhere else takes them as payment.

No demand = no value.

Macroeconomics, how does it farking work?

there's plenty of similar sites on the deep web, silk road was just the most famous. Now some other site will take the top spot.

One of Silk Road's biggest competitors (can't remember the name right now) shut down just a couple weeks ago because the owner said the site was compromised.


It was Atlantis Markets (just looked it up).
 
2013-10-02 02:51:42 PM
U.S. law enforcement authorities have shut down "Silk Road," an anonymous Internet marketplace for illegal drugs like heroin and cocaine and criminal activities such as murder for hire, and arrested its alleged owner.

But craigslist is still up and running?
 
2013-10-02 02:52:20 PM

Alonjar: If only there was a way to short bitcoins...


there is.  there is even a few places to get margin
 
2013-10-02 02:52:39 PM

Alonjar: If only there was a way to short bitcoins...


There certainly is. I shorted BTC when the news broke and bought back a couple of hours ago. I'm very proud of myself - because whenever I've done that in the past, I've always lost.

BTC took a dive this afternoon, but it's now back up to the price it was in mid August.

I believe that it will be back to $125 in a week or two. I don't think this will have a significant effect on the price. Then again. I may be completely wrong.

One of many sites to short BTC: bitfinex.com
 
2013-10-02 02:53:08 PM

Harry Freakstorm: But craigslist is still up and running?


Of course. How do you think all those US Congressmen and their staffers get their anonymous male hookups?
 
2013-10-02 02:54:50 PM

jigger: He thought he was forever safe because it was over Tor.


He was running a criminal organization that's open to every random idiot that can install Tor and find it and he didn't think maybe some day a few of the 'tards would get caught on the far end of a compromised node, shaken down and start sending the feds up the tree toward him?

Jesus some people are dumb.
 
2013-10-02 02:55:58 PM

skozlaw: jigger: He thought he was forever safe because it was over Tor.

He was running a criminal organization that's open to every random idiot that can install Tor and find it and he didn't think maybe some day a few of the 'tards would get caught on the far end of a compromised node, shaken down and start sending the feds up the tree toward him?

Jesus some people are dumb.


i1.kym-cdn.com
 
2013-10-02 02:56:09 PM

Thurston Howell: Bravo subby, you history nerd.  Let's meet up later and play an MP game of Europa Universalis IV.


Only if there's alcohol involved.


/ first greenlight!
 
2013-10-02 02:56:12 PM

xanadian: By the Hassocks, instead?


I think it was the loveseat.
 
2013-10-02 02:56:47 PM

Harry Freakstorm: U.S. law enforcement authorities have shut down "Silk Road," an anonymous Internet marketplace for illegal drugs like heroin and cocaine and criminal activities such as murder for hire, and arrested its alleged owner.

But craigslist is still up and running?


Silk Road should just cite the Communications Decency act of 1996 then al will be forgiven. Works for craigslist and backpage.
 
2013-10-02 02:57:05 PM

Summercat: In addition, looks like bitcoins are crashing in value, based on the wharrgarble from someone in a chatroom I'm in.


i.imgur.com
 
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