Silk Road forums

Only very stupid vendors with no hedging would be in trouble.

An interesting statement considering all the threads a week ago saying, "I feel sorry for you vendors that hedged."

Yeah have to love that hideous catch-22:

"Psilocybin is a schedule 1 drug because it has no therapeutic use."
"Let us research it and find out if it has any therapeutic uses."
"It has no therapeutic uses. We know this because that is what it means to be a schedule 1 drug."

+1, exactly.

I would phrase it as,

"Psilocybin is a schedule 1 drug because it has no therapeutic use."
"Let us research it and find out if it has any therapeutic uses."
"Sorry, you can't do that, it's a Schedule 1 drug."

Blue Sky Traders is down for the day, too. Pretty hard to get coins in this environment.

Like most independent exchangers, they probably trade on MtGox.

so will SR price only change once mtgox updates? if so.. it would mean any coins in there would loose more then half its value in about a hour.. damn i really thought that WOULDNT happen lol guess thats just life.. if i was a vender i wouldnt be selling shit till 2maro..

SR thinks a btc is worth 161 or something like that

SR uses the MtGox 24 hour average. In 12 hours, with the MtGox price stuck at $120, it will be close to $120. When trading resumes, who knows what will happen, but even if the BTC price plummets, the 24 hour average will drop much more slowly.

See, everybody was complaining about how the SR price lagged behind the actual price when it was booming, but now you can understand the advantage of it. Even if BTC price will be $50 tomorrow, your coins will be worth over $100 on SR.

MtGox has suspended trading because once again they can't handle the volume.

You can buy bitcoins right now for $65 on btc-e.com (and dropping fast).

Damn, if I could fund a btc-e account, I could scoop up some coins really cheap. The only option that I recognize for funding an account is Bitinstant, and that doesn't sound safe from all the people complaining about it.

Oh good, so it's a real DDOS attack today. Lag is 7 minutes now.

$120 now. MtGox lag is 300 seconds. So much for those new servers, huh.

Technically, yes.

However, it's much harder to create a Google account over Tor. You will most likely have to get a burner phone to SMS verify your account and there may be other difficulties and blocks when accessing the account from many different IPs triggers their security mechanisms.