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Silk Road 2 Hacked, All Bitcoins Stolen

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Re: Silk Road 2 Hacked, All Bitcoins Stolen

#271

Post by MartinCron »

baddox wrote: post #255
MartinCron wrote: post #203

Earlier quoted context omitted.

That doesn't do anything to answer my question about where libertarians stand on the question. I still don't get what a civilization without a "monopoly on laws and law enforcement" would look like.

"Laws" and "law enforcement" are just products, similar to any other service. If you can imagine what a civilization without a monopoly on food production, or house cleaning services, or medical services would look like, you should be able to imagine with a civilization without a monopoly on laws and law enforcement would look like. Most people believe that monopolies are not economically efficient for producing "ord…

So, if one can't afford to purchase law enforcement then they'll have to do without? What could go wrong?

Re: Silk Road 2 Hacked, All Bitcoins Stolen

#272

Post by mehwoot »

Touche wrote: post #123
rdtsc wrote: post #25

Earlier quoted context omitted.

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.

I doubt drug dealers care about the distinction between "you stole my money" vs. "you lost my money". Either case SR2 admin better do a good job of hiding.

You think if they didn't do a reasonable job of hiding they wouldn't be caught by say, the government?

Re: Silk Road 2 Hacked, All Bitcoins Stolen

#273

Post by EGreg »

Ummm seriously why do these marketplaces hold your bitcoins???

Don't they know bitcoins support m-of-n transactions? There should be a marketplace without the ability to have bitcoins stolen! It's rather straighforward people.

Re: Silk Road 2 Hacked, All Bitcoins Stolen

#274

Post by ceejayoz »

baddox wrote: post #266
ewoodrich wrote: post #259

Earlier quoted context omitted.

Exactly. I only have to worry about being declared a criminal by one rather than [arbitrary number] of groups that I have literally no control over.

You would have much more control over a competitive market of groups. Your claim is like saying that you'd rather there only be a single restaurant available rather than a group of restaurants, because then you only have to worry about one restaurant poisoning you or otherwise providing bad service.

> You would have much more control over a competitive market of groups.

I'm sorry, a competitive market of private organizations trying to lynch me gives me control... how?

Re: Silk Road 2 Hacked, All Bitcoins Stolen

#275

Post by baddox »

MartinCron wrote: post #271
baddox wrote: post #255

Earlier quoted context omitted.

"Laws" and "law enforcement" are just products, similar to any other service. If you can imagine what a civilization without a monopoly on food production, or house cleaning services, or medical services would look like, you should be able to imagine with a civilization without a monopoly on laws and law enforcement would look like. Most people believe that monopolies are not economically efficient for producing "ord…

So, if one can't afford to purchase law enforcement then they'll have to do without? What could go wrong?

What could go wrong with tax-funded, monopoly law enforcement? Obviously, things can go wrong with either. We should concern ourselves with which scenario is better.

Re: Silk Road 2 Hacked, All Bitcoins Stolen

#276

Post by dobbsbob »

sillysaurus2 wrote: post #125
blhack wrote: post #115

This is almost certainly hogshit, and anybody who has been paying even a little bit of attention over the last week can probably smell it. The "hole" in MtGox's security was a social one. You could contact customer support and claim that you had not received your coins, and they could re-issue you new ones if they chose to. There is also no evidence that this ever happened. This wasn't, and isn't, a flaw in the under…

If SR was re-issuing coins automatically, it's because they were being intentionally stupid. MtGox was re-issuing coins automatically. Due to this, Gox has lost money. Possibly a huge amount. Were they being intentionally stupid, or just stupid? Source: https://news.ycombinator.com/item?id=7222690 This transaction malleability flaw is certainly a convenient excuse. But if these people implemented their wallet softwar…

I'm surprised they had any kind of online wallet. You'd think you would do manual transactions with offline keys if running a blackmarket, or the very least multiple sigs for any hot wallet.

Re: Silk Road 2 Hacked, All Bitcoins Stolen

#277

Post by cbeach »

This is why we need to find decentralised means of exchanging Bitcoins.

I built https://www.cointouch.com/ to find trading partners in my extended social network. I don't want to use a centralised third party.

There's little need for a centralised exchange given we have a rich social graph, and a programmable currency that is truly P2P.

Keep it all P2P.

Re: Silk Road 2 Hacked, All Bitcoins Stolen

#278

Post by baddox »

ceejayoz wrote: post #274
baddox wrote: post #266

Earlier quoted context omitted.

You would have much more control over a competitive market of groups. Your claim is like saying that you'd rather there only be a single restaurant available rather than a group of restaurants, because then you only have to worry about one restaurant poisoning you or otherwise providing bad service.

> You would have much more control over a competitive market of groups. I'm sorry, a competitive market of private organizations trying to lynch me gives me control... how?

In informal language, the market chooses winners and losers by "voting with their dollars." Obviously, no single individual has absolute control over any aspect of society in either system.

Re: Silk Road 2 Hacked, All Bitcoins Stolen

#279

Post by bhaumik »

On 1/31, a SR Forum user warned, "SR2 massive scam about to hit very soon"

  >no Auto Finalize/no resolution center coins are pilling up massively 
   whitout anyone even  realising what s coming .
  >there is propably couple millions $$ just in escrow alone and 
   no one is fucking complaining.
  >You guys really think it takes more than a month to implement
   a resolution center?how dumb are you
  >This is about to be the biggest scam in the history of the darkmarkets.
  >Defcon postponing dates again and again,then annoucing that a fix
   has been done when clearly it hasn t done shit ?(captcha)in this case.
  >Can t you fucking see throught their bullshit and blatant lies that
   the ship is about to go down the drain very soon??wake the fuck up .
Follow-up from today:

  >well,I ve done what I could to warn you at least,next time you
   call me a troll rethink maybe.
  >my posts weren t really convincing because of the bad grammar
   (not english) but the message was there for everyone willing to hear it.
  >If you believe all this bullshit again from defcon ,then I am affraid 
   you d get scammed over and over again.SR isn t what it once was,
   it is run by a greedy cunt.
  >This was just so predictable,it doesn t take 2 fucking month to 
   implement a resolution center ,not having it was the main tool 
   of their scamming operation.
  >The funniest thing in that story is that SR would still be up ,
   means this scams could go on forever because people are 
   licking blindly these greedy mofo.
  >don t be fooled by the green camel next time rant over/
http://www.reddit.com/r/DarkNetMarkets/comments/1xu8wc/sr_fo...

Re: Silk Road 2 Hacked, All Bitcoins Stolen

#280

Post by drawkbox »

zedshaw wrote: post #133

This is seriously the most hilarious thing I have read in a long time. Here we have a group of objectivist libertarians who believe that there should be effectively no laws other than the law of economics and self-interest who run an illegal website devoted to the pure greed of cashing in on contraband, and this is what they write: "I’ve included transaction logs at the bottom of this message. Review the vendor’s dis…

Libertarianism isn't Anarchism (although there is a faction for that). It is by their own blurbs "Maximum Freedom, Minimal Government". Which, in principle, is pretty easy to believe in. Robbing data/currency is against a fair law of theft, which I am sure most libertarians agree is a necessary minimal law. Live and let live, and don't take another person's stuff, even anarchists probably believe that.
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