us just police the world
just fuck off already
It was only time...
Not sure what kind of impact, if any those news (as they develop) will have BUT
A month of relative stability at 70-80 has been good
- 2 months later...
bitcoin value dropping as predicted in above article?
FBI goin on reckless. if anything shows how much of a threat cryptocurrencies are/can be.
nah doesn't seem to have dropped, but Taiwan or Thailand or one of them has declared BitCoin illegal
- 2 weeks later...
shit be heatin up yo
Every Important Person In Bitcoin Just Got Subpoenaed By New York's Financial Regulator
Things are getting serious for Bitcoin this month: a federal judge declared it real money, Bloomberg gave it an experimental ticker (XBT), and New York’s financial regulator announced an interest in regulating it.
...
The department is starting out by subpoenaing 22 digital-currency companies and investors to get a lay of the Bitcoin land. They sent letters to the major Bitcoin players asking them to hand over information regarding their money laundering controls, consumer protection practices, source of funding, pitch books (for Bitcoin start-ups) and investment strategies (for Bitcoin investors). The recipients of the subpoenas are nationwide and include everyone on the “people making real money on Bitcoin” list, such as Bitcoin exchanges and processors, “ mining equipment” maker Butterfly Labs, and major investors, such as the Winklevosses, Marc Andreessen & Ben Horowitz, and Google’s venture fund. (Full list below.)
- 1 month later...
Authorities have arrested a man in San Francisco, California accused of operating an underground website that allowed users to purchase guns and drugs from around the world using encrypted, digital currency.
Ross William Ulbricht, a 29-year-old graduate of the University of Pennsylvania School of Materials Science and Engineering known by the online alias “Dread Pirate Roberts,” was arrested by the Federal Bureau of Investigation on Tuesday for his alleged involvement in the Silk Road online marketplace, according to court papers published this week.
The Silk Road website was shut down following Ulbricht's arrest on Tuesday.
A sealed complaint dated September 27 was unearthed by security researcher Brian Krebs, in which Ulbricht is accused of narcotics trafficking conspiracy, computer hacking conspiracy, money laundering conspiracy and more.
According to prosecutors, Ulbricht aided in the trafficking of controlled substances from January 2011 up until last week. Through a government investigation, authorities determined that several thousand drug dealers used Silk Road to distribute hundreds of kilograms of illegal drugs to over a hundred thousand buyers, laundering hundreds of millions of dollars in the process.
Additionally, prosecutors say Ulbricht solicited a Silk Road user in March of this year to “execute a murder-for-hire.” The would-be victim, according to the FBI, was another user of the website who “threatened to release the identities of thousands of users of the site.” According to the complaint, Ulbricht eventually agreed to pay an online hitman the equivalent of approximately $150,000 to execute the user who threatened to leak customer details.
“Ulbricht has been willing to pursue violent means to maintain his control of the website and the illegal proceeds it generates for him,” the FBI attests. The special agent who filed the criminal complaint wrote that law enforcement has no record of the homicide ever occurring.
Elsewhere in the complaint, authorities quote from a private message between Ulbricht and another user of his site in which the administrator claimed to have previously ordered a “clean hit” for $80,000.
The FBI says that law enforcement agents participating in the Silk Road probe made over 100 individual undercover drug deals from Silk Road vendors since November 2011. Sellers, authorities say, came from no fewer than 10 foreign countries.
By relying on users to conduct deals through anonymizing software and with the encrypted Bitcoin digital currency, Silk Road has made waves since 2011 as an online hub for illegal activity. Prior to being shut down, customers computer savvy enough to navigate through the site were presented with a plethora of products to be purchased using Bitcoin, including illegal firearms, drugs or, reportedly, assassins.
In the complaint, FBI Special Agent Christopher Tarbell testifies that Silk Road “served as a sprawling black-market bazaar, where illegal drugs and other illicit goods and services have been regularly bought and sold by the site’s users.”
“All told, the site has generated sales revenue totaling over 9.5 million Bitcoins,” the FBI estimates, or roughly $1.2 billion in sales.
The computer hacking conspiracy charge against Ulbricht has been brought by authorities because the website also offered the opportunity for customers to purchase “malicious software designed for computer hacking, such as password stealers, keyloggers and remote access tools.”
As recently as last month, the FBI said it was able to browse advertisements on Silk Road for products that could be purchased on the site including multi-kilogram quantities of heroin, cocaine and meth, as well as forged government IDs and firearms.
.
It was inevitable.
/
how he got caught:
http://krebsonsecurity.com/wp-content/uploads/2013/10/UlbrichtCriminalComplaint.pdf
tldr
https://medium.com/p/d48995e8eb5a
lost half a coin. peak.
The day of his fatal mistake 
lol
dropped $21 today, surprised its not more
Ch4 broke down this operation, this shit 4 reall
/
Are these sites gonna be more common soon?
Really and truly it's actually convenient for both parties involved
It's hot right now with the FBI having placed tracking malware on a few servers, it's not as safe for the users as it was before Bitcoin blew up.
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whys it gone back down to 30?
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Barney Stinson
where do I cop for 30?
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mp*
There isn't a single reason, it's the essence of bitcoin.
It lives on supply/demand because mining takes ages (and resources) and it's finite.
It often floats in bubbles and the size of said bubble depends on popularity.
Then factor in the people purposely trying to reduce the value for their own gains.
Quite interesting to follow tbh
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Sole
I'm was on Silk Road with my boy trying to work out how much everything was last night
Now it's down again wtf
Gotta be fucking long selling stuff and constantly having to adjust prices and make sure u don't get bumped
must have to cash them out asap or u could lose serious money when selling ur product.
Let alone just trying to sell ur bitcoins
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HangTheDJ
is silk road down?
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Kurtis
http://www.theverge.com/2013/5/16/4336170/mt-gox-dwolla-account-frozen-due-to-regulatory-issues
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