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Silk Road 2 Hacked, All Bitcoins Stolen

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Re: Silk Road 2 Hacked, All Bitcoins Stolen

#71
post #39

Earlier quoted context omitted.

Why "no extradition"? Would he risk anything penal? If bitcoins are not money he may risk just a fine.

http://en.wikipedia.org/wiki/Fraud

If he is ever found, criminal charges are the least of his worries. We are supposing that he stole lots of money from lots of different drug dealers.

Re: Silk Road 2 Hacked, All Bitcoins Stolen

#72
post #60

Earlier quoted context omitted.

There is a huge moral difference between the sort of victimless-crime-contraband that is on SR (especially since SR1 at least, not sure about SR2, actively filtered out child porn, weapons, assassinations and all of the other truly scary things that you can potentially sell on an anonymous market), and stealing millions of dollars from people at least a few of whom are dependent on substances and desperately need the…

Notice that morality doesn't have to have anything to do with this argument. As a matter of pragmatism, the operator of a Silk Road-type site is almost certain to harbor a conviction that he can do so without getting caught (regardless of whether the authorities have morality on their side). The same same goes for stealing from your customers: of course you won't get caught, what are your victims going to do? File a…

please stop with this idle speculation. 'the operator... is almost certain to..."? give me a break. you don't know them and ametur hour psychology isn't going to contribute anything to the discussion.

Re: Silk Road 2 Hacked, All Bitcoins Stolen

#73
post #63

Earlier quoted context omitted.

It's entirely possible to be in support of a free and peaceful drug trade, while at the same time being morally against theft. I don't know why you're lumping the two.

There's a difference between supporting a free and peaceful drug trade and participating in a very-much illegal drug trade. It's possible to be a hemp-wearing, tree-hugging hippie and be pro-death penalty - it also happens to be rare.

the law has very little to do with supporting freedom and peace these days.

Re: Silk Road 2 Hacked, All Bitcoins Stolen

#74
post #63
post #3

Given illegal nature of Silk Road 2, I can't help but be suspicious of this explanation of the hack. If someone's sufficiently willing to flaunt laws as to operate a site devoted to selling contraband, what stops them from taking advantage of their position of power and stealing from their users?

It's entirely possible to be in support of a free and peaceful drug trade, while at the same time being morally against theft. I don't know why you're lumping the two.

Conflating law with ethics. Becoming more prevalent as the number of laws increase.

I can't back it up with science (someone know of any research?), but it sure seems to be a trend when you compare among countries in various stages.

Re: Silk Road 2 Hacked, All Bitcoins Stolen

#75
post #60

Earlier quoted context omitted.

Notice that morality doesn't have to have anything to do with this argument. As a matter of pragmatism, the operator of a Silk Road-type site is almost certain to harbor a conviction that he can do so without getting caught (regardless of whether the authorities have morality on their side). The same same goes for stealing from your customers: of course you won't get caught, what are your victims going to do? File a…

I think what he's trying to say that it's far less likely for a libertarian "legalize drugs" type of person to screw a bunch of people over. Like, when you facilitate selling drugs, there is no victim. Hell, you probably prevented having a victim. When you facilitate selling weapons/assassinations/child porn, there is a victim. The latter type of person would be more likely to victimize his/her customers than the for…

> Like, when you facilitate selling drugs, there is no victim.

Ah, I'm pretty sure only libertarians feel this way...

Re: Silk Road 2 Hacked, All Bitcoins Stolen

#76
My favorite part of bitcoin is just how wild west it always feels. Real money, in very massive quantities is stolen, and there's no authorities who will do anything about it. Old school scams are new again. Crashes happen on a monthly basis. I'm staying out of it in any serious quantities because frankly i'm having too much fun watching it.

Re: Silk Road 2 Hacked, All Bitcoins Stolen

#78
post #25
post #11

Earlier quoted context omitted.

Yeah. The moment I got to " a vendor exploited a recently discovered vulnerability in the Bitcoin protocol known as “transaction malleability”" I was like "Riiiiight....". It's not even 'recently discovered', and as far as I understand it it does not let anyone to drain other persons' wallet (if it did, that'd be a killer to entire bitcoin the moment it was discovered)

They wanted to exit the business from the start. Saw a convenient time with everyone discussing a vulnerability, claim right away that vulnerability was used to steal all the money to avoid backlash from users.

If one were sufficiently cynical one could argue that this was the plan from the start. Build another version of the site, wait for some BitCoin disaster, take all the funds and claim it was the disaster that done did it.

Of course to pull that off you'd really need to employ the disaster yourself so that you have the ledger entries to "prove" it.

Re: Silk Road 2 Hacked, All Bitcoins Stolen

#79
post #25
post #11

Earlier quoted context omitted.

Yeah. The moment I got to " a vendor exploited a recently discovered vulnerability in the Bitcoin protocol known as “transaction malleability”" I was like "Riiiiight....". It's not even 'recently discovered', and as far as I understand it it does not let anyone to drain other persons' wallet (if it did, that'd be a killer to entire bitcoin the moment it was discovered)

They wanted to exit the business from the start. Saw a convenient time with everyone discussing a vulnerability, claim right away that vulnerability was used to steal all the money to avoid backlash from users.

Why would you care about backlash from users? It's Tor. You can just disappear forever.
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