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Silk Road 2 Hacked, All Bitcoins Stolen
81–90 of 555 posts
Re: Silk Road 2 Hacked, All Bitcoins Stolen
#82For anyone still drinking the "Bitcoin is frictionless" kool-aid, this hasn't been a good week.
for anyone who sees bitcoin as a 'wild west' environment, this sort of thing is obvious and just moves the bitcoin economy forward. problems found now are fixed, and won't be as big of a deal later.
Re: Silk Road 2 Hacked, All Bitcoins Stolen
#83> our projections of order finalization volume indicated that we would need the community’s full balance in hot storage.
As a bitcoin community leader, you have to stay informed with how other people got hacked in the past, and there are so many cases where all the bitcoins were foolishly kept out of air-gapped cold storage until an adventurous hacker plundered them. I guess history is doomed to repeat itself.
Re: Silk Road 2 Hacked, All Bitcoins Stolen
#84Earlier quoted context omitted.
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...
This does not invalidate my point. Even though it may not be true, many people think that running a drug dealing website is for the betterment of society. It's less likely for the owners to rip its customers off and be the "bad guy".
Re: Silk Road 2 Hacked, All Bitcoins Stolen
#85Given 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?
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…
LOL @ "victimless-crime-contraband." What a joke. Where do you think the majority of drugs come from? Some hippie's backyard? See the world's stop producers of drugs and you'll find violent, broken countries many of whom are run by drug cartels.
Re: Silk Road 2 Hacked, All Bitcoins Stolen
#86This is why bitcoin is a sham. The premise of perceived bitcoin value is based on the greater fool theory. What the hell were any of these people thinking?
Re: Silk Road 2 Hacked, All Bitcoins Stolen
#87Earlier quoted context omitted.
That is roughly what I thought when I saw this. These people are dealing with criminal enterprises. What do they expect?
SR1 was a criminal enterprise as well, and there's no indication DPR was stealing from his users. Trust is at least as valuable in the criminal world as it is in legitimate enterprise, if not more so. A criminal who runs a trustworthy criminal enterprise is likelier to do well in the long run than one who rips off his customers.
did DPR do well in the long run?
Re: Silk Road 2 Hacked, All Bitcoins Stolen
#88SO, I am completely ignorant on exactly how bitcoin works; but how the hell is it not possible to secure a bitcoin one owns.
Re: Silk Road 2 Hacked, All Bitcoins Stolen
#89Given 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.
Yeah, that's "possible". But what about "likely"?
Re: Silk Road 2 Hacked, All Bitcoins Stolen
#90Earlier 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…
> it's far less likely for a libertarian "legalize drugs" type of person to screw a bunch of people over.
Why? Does being libertarian somehow grant a +3 to morality?