Date: July 3rd, 2012 12:39 PM Author: Hateful toaster
no, but the sudden massive interest in an otherwise quiet black market did cause hyperinflation in the bitcoin market and almost certainly led to new law enforcement scrutiny of silk road, you fucking idiot.
Date: July 3rd, 2012 12:43 PM Author: bipolar tan windowlicker
90% of what gets sent through silk road is people like me buying 1/4 ounces of pot or some MDMA pills. A couple of the big accounts will get scrutiny, but it won't be trivial for LE agencies to track. Retail buyers wouldn't be worth it at all.
The much, much worse site will be The Armory. I really, really wish Silk Road hadn't set that up as a sister site.
Date: July 3rd, 2012 10:18 AM Author: bipolar tan windowlicker
use dwolla to fund mt. gox. that's the easiest way, but you have to be verified on both mt. gox and dwolla and have made a deposit in dwolla for 30 days before funding.
you can also make a cash deposit into the bitinstant account at your local bank and send them a picture of the receipt.
Date: July 3rd, 2012 12:28 PM Author: bipolar tan windowlicker
because it's a currency that few recognize and that doesn't rely on a trusted third-party to back up. it's kind of hard to enter something like that with IRL money--Paypal, credit card processors, etc. think it's scammy.
and basically the only way to "spend" it currently is on porn, drugs, and guns.
Date: July 3rd, 2012 12:42 PM Author: Crusty New Version
shouldn't that make it difficult to sell? why does that make it difficult to buy? shouldn't they be making it super easy to take my cc and buy $50 worth of bitcoins?