Silk Road forums

Discussion => Newbie discussion => Topic started by: Finomatic on September 06, 2013, 10:51 am

Title: Forbes Article - ... Got Busted Buying Drugs On Silk Road ...
Post by: Finomatic on September 06, 2013, 10:51 am
The article is actually a good proof that the Silk Road system works, since the actual purchase transaction worked fine! It is more of interesting stuff to whether and to what extent Bitcoin transactions ensure full privacy.

It also shows that the financial press takes Bitcoin seriously.

http://www.forbes.com/sites/andygreenberg/2013/09/05/follow-the-bitcoins-how-we-got-busted-buying-drugs-on-silk-roads-black-market/

Happy to learn the community view on the Bitcoin privacy issue
Title: Re: Forbes Article - ... Got Busted Buying Drugs On Silk Road ...
Post by: Feesh on September 06, 2013, 01:32 pm
I found the whole article kind of reassuring, tbh.
Title: Re: Forbes Article - ... Got Busted Buying Drugs On Silk Road ...
Post by: sobe757 on September 06, 2013, 02:43 pm
so no one really got busted.  They gave info to researchers to use to track down their info....good article.
Title: Re: Forbes Article - ... Got Busted Buying Drugs On Silk Road ...
Post by: Weaponstech on September 06, 2013, 08:52 pm
well thats good. thanks for the article btw.
Title: Re: Forbes Article - ... Got Busted Buying Drugs On Silk Road ...
Post by: pongeddie on September 06, 2013, 09:06 pm
Reassured me. He got away with it. He just told someone his info and they were able to find he used bitcoins for the road. Stupid.
Title: Re: Forbes Article - ... Got Busted Buying Drugs On Silk Road ...
Post by: ibnill77 on September 06, 2013, 10:13 pm
Neat read.
Title: Re: Forbes Article - ... Got Busted Buying Drugs On Silk Road ...
Post by: M Depression on September 06, 2013, 10:50 pm
I ended up using Coinbase for my first few transactions. Now I'm wondering if I should either switch to a client-side wallet, send my funds to SR through Bitlaundry or similar, or both.  Thoughts or recommendations?

Also, I've been reading threads on buying BTC with prepaid debit or MoneyPak cards. That would break any chain that could lead back to a named bank account in the first place. Any success with either method?
Title: Re: Forbes Article - ... Got Busted Buying Drugs On Silk Road ...
Post by: cryngie on September 06, 2013, 11:28 pm
As long as you tumble your coin before sending them to SR you have nothing to worry about get a walloet from blockchain.info they have a built in tumbler and its instant unlike a lot of others
Title: Re: Forbes Article - ... Got Busted Buying Drugs On Silk Road ...
Post by: Finomatic on September 07, 2013, 08:41 am
Did not know that blockchain.info had an automatic build-in tumbler? Mainly the forums talk about a 1.5% fee to mix the Bitcoins, which was reduced .5% at the beginning of March this year (see https://bitcointalk.org/index.php?topic=143539.40)
Title: Re: Forbes Article - ... Got Busted Buying Drugs On Silk Road ...
Post by: Finomatic on September 07, 2013, 08:51 am
Also did not find anything on Blockchain.info website except this:

Anonymity
•Fully Encrypted Wallets - All wallets are fully encrypted client side mean we cannot view your transactions or wallet balance.
•Coin Control - Choose specific addresses to send from and where change should be returned.
•Group Addresses by taint

Maybe it is the last point, don't know what that means
Title: Re: Forbes Article - ... Got Busted Buying Drugs On Silk Road ...
Post by: Q7m69U29Kuf43vn4m on September 07, 2013, 10:47 am
I use bitcoin fog to tumble my coins and then send them to SR

http://fogcore5n3ov3tui.onion/
Title: Re: Forbes Article - ... Got Busted Buying Drugs On Silk Road ...
Post by: augustwest78 on September 07, 2013, 12:22 pm
Great article, thx
Title: Re: Forbes Article - ... Got Busted Buying Drugs On Silk Road ...
Post by: M Depression on September 08, 2013, 02:32 am
Thanks for the Blockchain.info suggestion, they seem to have made some engineering decisions that could help in case of a successful warrant or subpoena. Though some of the recent secure email service shutdowns aren't reassuring in that regard.  Also downloaded MultiBit, figuring maybe better yet just have a client side solution if I don't want to get caught in a dragnet caused by a compromised third-party.
Title: Re: Forbes Article - ... Got Busted Buying Drugs On Silk Road ...
Post by: Finomatic on September 08, 2013, 06:32 pm
1) The article itself gets a lot of traction; Twitter is full of it. The only competing topic is that Chinese President Xi Jinping proposes reviving Silk Road glory ))

2) Re Bitcoin and Blockchain.info --- guess the best is to diversify wallets (local, web-based, exchanges). Any centralized organization will be subject - sooner or later - to government scrutiny - and then ...
Title: Re: Forbes Article - ... Got Busted Buying Drugs On Silk Road ...
Post by: chevelle on September 08, 2013, 07:18 pm
Bump.  Keep up the plausible deniability by at least using a middleman wallet. Kills your trail.  Better yet...wash those coin.