Looks like the darknet may need a new currency.
http://www.theverge.com/2015/1/14/7546669/silk-road-trial-bitcoin-tracking
In the Silk Road trial, Bitcoin is a cop's best friend The same features that kept Ross Ulbricht anonymous might now send him to jail
Looks like the darknet may need a new currency.
http://www.theverge.com/2015/1/14/7546669/silk-road-trial-bitcoin-tracking
[10 Points] None:
[8 Points] InfinitelyOutThere:
alright article. I mean, Ross should never have associated a lot of parts of the SR network with himself, but he did. Fake ID's, email addresses in his own name, the btc on his computer... the list goes on.
Gonna be a tough one for the defense, as the article proclaims.
[6 Points] myDNMburner:
Everybody already knew all of this.
Block chain is forever and don't tie wallets getting DNM monies to your identity, there is nothing remotely earth shattering here.
[3 Points] None:
Btc price dropped right after the defence spoke? Also the sun came up the next morning I think that has about as much to do with btc price flux. Online reporting is the lowest form of journalism. I know we are in the electronic age but shit is just watered down now.
[4 Points] gwern:
Talk about exaggerated. The Bitcoin addresses are the least of what nailed Ulbricht, and he would have the exact same problems - trying to explain where all the money came from - if he had been using some fancy altcoin.
It's a realization that's already sending shockwaves through the bitcoin world. The exchange rate has plummeted in the hours since Ulbricht's defense attorney spoke, falling under $200 for the first time in more than a year. It's hard to say for sure that the drop is connected, and in the long term, it may well be good news for the currency, driving out criminal activity in favor of more innovative uses. Still, as the currency's most infamous customer stands trial, the world is less sure of bitcoin than its ever been.
BS. The exchange rate is not affected by this. It moves all the time. (Gee, it fell some? It's been doing that for months...)
[2 Points] None:
Watch, we get a new currency and Bitcoin will drop to 10 bucks a coin in a month or two. I'm honestly ready for a new currency, bitcoin has lost virtually all privacy because of the shit US government.
[2 Points] sobulbous:
Anyone that has researched and used Bitcoin should know all of this already.
The blockchain is both the beauty and the curse of Bitcoin, depending on who you ask.
[1 Points] None:
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[0 Points] The_New_XK:
Just like a laptop or cell phone, Bitcoins are only as secure and anonymous as you make them.
[-7 Points] whatisgoingonhere015:
no shit sherlock that's why silk r0ad r3l0ad3d was created they accept multiple altcoins and apparently the creator knew this would happen
Soooooo make sure you change your wallet often? And don't leave 28 million in a wallet tied to your personal identity. I don't think we need to drop BTC just yet.
Sounds like he might have a shitty lawyer though.He sounds fucked already.Edit: He might have a shitty defense story that is going to be all too easy to tear down if the prosecutors have all the evidence they are trying to imply they have.