• We’re currently investigating an issue related to the forum theme and styling that is impacting page layout and visual formatting. The problem has been identified, and we are actively working on a resolution. There is no impact to user data or functionality, this is strictly a front-end display issue. We’ll post an update once the fix has been deployed. Thanks for your patience while we get this sorted.

breaking news: someone found a legit reason to use bitcoin

Spungo

Spungo

Diamond Member
to buy illegal drugs

The currency used on the site is called Bitcoin — a digital currency that makes it nearly impossible for authorities to follow the money trail. One Bitcoin currently converts to just over $11 (Canadian), but the rate changes on a daily basis.
Bitcoin’s main draw to illicit websites such as Silk Road is that it is decentralized and uses a network of computers, or nodes, to make monitoring transactions online much more difficult.
Click to expand...


Mystery 100% solved. Use Tor so they can't track your IP then use bitcoins so they can't follow the money. w00t. Time to find a site that sells grenade launchers and fully automatic AK-47s in exchange for bitcoins. 😎
 
Attic said:
so are you long or short bc's?
Click to expand...
I don't think this would have much effect on bitcoins if people buy them just for the drug transaction then the seller immediately cashes them in. I can't imagine drug dealers holding large amounts of bit coins just to see where the price goes.
 
Spungo said:
to buy illegal drugs




Mystery 100% solved. Use Tor so they can't track your IP then use bitcoins so they can't follow the money. w00t. Time to find a site that sells grenade launchers and fully automatic AK-47s in exchange for bitcoins. 😎
Click to expand...

You can do this already with US currency. Also what do you think the biggest import from the US is for Mexico and its Mexican drug cartels? Hint: It ain't drugs or ATF green light guns.
 
Mandres said:
No shit... this has been pretty much the only market that accepts BT currency since the very beginning.
Click to expand...
Well why didn't anyone tell me this? I've seen bitcoin discussions on lots of forums and IRQ channels and nobody explicitly stated that they were used for buying illegal drugs.
 
I've never been to silk road but I've been mining coins and trading on volatility for a little over a year now. The price hit over $15 today, cant wait for a precipitous drop.
 
MrColin said:
I've never been to silk road but I've been mining coins and trading on volatility for a little over a year now. The price hit over $15 today, cant wait for a precipitous drop.
Click to expand...

I get what a bitcoin is, but what exactly is this mining you speak of? Just curious.
 
MrColin said:
Not even close.
Click to expand...
In fact, not only is he close, but now that some people actually *chuckle* will trade real, actual USD for it, it's 100% accurate.

Another way to define bitcoin mining is it's something a person does before then going to other forums and promoting the concept to people, this only slightly preceding the inevitable mockery that always erupts from these people.
 
You must log in or register to reply here.

TRENDING THREADS

Back
Top