Saturday, October 5, 2013

AnonimityLoses and AnonimityWins: FBI arrests largest Bitcoin project: SilkRoad shutdown



The site owner used an email with his personal real name as the handle then went looking for programmers online for Silk Road... kinda dumb.
Neither TOR or Bitcoin (the encryption stuff) was broken.

File sharing? We're talking about a mail order service. There's not just data traffic to follow. And napster wasn't the only service hit. Most any service built and running on U.S. soil has been targeted at a certain level of popularity. So I guess if you compare to file sharing, they'll have to buy a privately owned country and develop their own distribution company that somehow bypasses all government resources?
The owner was being careless and used his personal email address for something related to the website.


The bitcoins were held in your in your silk road account. The owner was not famous, he got caught by trying to hire a hitman, that was something totally separate.
This has become too big of a concept with too many people (900,000+ members) and too much money involved (over $1.2 billion market) for them to ever stop it now. It's like when they first shut down napster, it didn't stop people from stealing music. Even if they shut down more sites people are already talking about building a sort of p2p type system where the data is decentralized.
The FBI is not the hacker department; you'd be surprised what you can extract from people with bribes and immunity from prosecution. Just need to know who you're after.
This BMR actually sounds dangerous.
I don't think a lot of fools were on SR as it took a good amount of effort to even get on the site in the first place. But this Black Market Reloaded shit sounds extremely dangerous. Funny how they shut down SR but not something like BMR.
this is the problem of using the young turks as a "news source". This was a very poorly researched 3 min video for the sole purpose of gaining views for a recent event. It wasn't the encryption that brought SilkRoad down, it was the owners own negligence and ignorance that caused the Feds to find who he was. If you read the criminal indictment then you will know for yourself.
I just think it's hilarious how they established a Craigslist for dope and other illicit commodities. It almost sounds easier and less risky to do it the old fashion way as I described.

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