Silk Road forums
Discussion => Security => Topic started by: Stonedstupor on February 08, 2013, 05:53 am
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Want to see yalls thoughts. Discuss
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19 dollars instead of 22.
More businesses need to start accepting bitcoins if it is going to survive long term.
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which businesses accept btc now?
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https://en.bitcoin.it/wiki/Trade
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Newegg uses BTC.
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I don't see the advantage in using btc over usd for a legit business. why go through the trouble and fees of getting btc when you can just pay them the ole conventional way.
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In my opinion Bitcoin is not only great for tax evasion but also for hiding income.
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I don't see the advantage in using btc over usd for a legit business. why go through the trouble and fees of getting btc when you can just pay them the ole conventional way.
Because fuck the Man and his fiat currency.
No taxes
no chargebacks
no transaction costs
among other reasons
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In my opinion Bitcoin is not only great for tax evasion but also for hiding income.
This...
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My uneducated guess would be: much lower ;D
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In my opinion Bitcoin is not only great for tax evasion but also for hiding income.
This...
BINGO!
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It would be shit
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Some weeks ago I've seen a ranking list on the Bitcoin Wiki on which Silk Road is ranked second and Mt. Gox first place, unfortunately I can't find the link, but nonetheless that's impressive.
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I think Silk Road is a catalyst that is getting Bitcoin up to speed for it's real launch that is just starting now. I think SR will be less important once the worlds people discover how great Btc is. SR has been a great catalyst. I think there were many and they could have gotten this thing going without SR. SR just accelerated the process. The break-all-the-rules (or at least a bunch of them) strategy in place here makes us a great advertisement for the currency (bad press is good press, extra bad press is extra good I think, lol).
The banks of the world are owned by people who, if you believe the Zeitgeist-style conspiracy-type theories, make interest on almost every piece of legal-tender in circulation. My overgeneralized perception of these people is that they are often evil and obscenely rich.
Bitcoins are apparently an attempt to break away from these rich people's hold on our money supply at the same time as breaking our governments control over use of money. So, it is, in theory, a Freedom Currency we should support and nurture if we believe in freedom, liberty, justice,......
Of course the richest and most powerful forces on earth (and their governments) would seem to be greatly threatened by a wildly successful Bitcoin-type currency becoming mainstream on an international scale. The current rise in Btc value may scare the heck out of the people who manage the rich peoples money? I think it should. I don't think this is gonna stop going up unless something drastic happens to stop it (us).
The advisors of the richest 0.00001% are not stupid either. They may well be behind the Btc growth as a way to help the rich become more obscenely rich and/or to try and destroy the Btc in some way I have not imagined yet? Maybe they own the Bitcoin mining conglomerates and/or Sell them their mining tech gear? This stuff is so mind boggling it makes me wanna order something off SR to sooth the brain :-)
Oh Ya, it is also great for cheating the governments out of their share. Possibly even more aggravating to those who run the world, this can also, so far, be used to keep the likes of Google from knowing who is interested in what and when and where. IT mega corps may not take kindly to our attempts to take financial anonymity mainstream.
So, it is an amazing time to be alive/own Bitcoins and Sail the Seas Mateys ;-) NWN
BTW, I have very little facts or evidence to back up my wild speculations, so, take 'em with a grain of salt water :-)
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bitcoins are perfect to trade the "DIY goodies".
if you go in the wood and you prepare your own drink, or medicine you can sell easly with bitcoin as long as the price is good.
The trick is create worth things that we can make effordlessy and "mainstrean money costless".
money are like scale.
money misure the worth, scale misure the leight for exemple.
:)
feel safe my friend
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It would be shit
start page - NOT google - gambling slash bitcoin!
now u know why the price is so high and will
obviously go up :P
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I agree with NW Nugz
Sr is just accelerating the rise of the BTC, recent events in Cyprus as well.
clearnet warning: http://www.cnbc.com/id/100597242
My thoughts are bitcoins, if they are really reliable, are going to change the bank system as we know it, banks will have to adapt if they can.
like mp3 changed the way we consume music :)
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In my opinion Bitcoin is not only great for tax evasion but also for hiding income.
In my opinion it's a great way for me to sell drugs anonymously without going to jail... Thanks DPR.
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In my opinion it's a great way for me to sell drugs anonymously without going to jail... Thanks DPR.
This is gold.
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It is a fantastic way for us to sell boomers and to give the money away anon as well. More and more charities are accepting bitcoins now........
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Let's get this into perspective:
Currently there are 10.96 million BTC with a total value of 1.03 billion dollars at $94.
SR revenues are estimated to be 1.7 million dollars/month
This is 0.015% of the total BTC value.
SR is just another drop in the BTC bucket that is now fueled by growing demand in the Eurozone where 300 million people look for an alternative to Euros.
Add in worldwide publicity for BTC which are an extremely tiny market compared to other asset classes.
It is your guess where BTC will trade if only 1 million people want to buy 1 BTC out of curiosity.
This will rocket BTC past the moon.
It has a negative side effect, though: We have delayed all purchases and now we will have only a very frugal Easter party holiday.
But I will be compensated as I can already buy twice as many drugs since I deposited my BTC into SR. :P
I guess I will wait until my deposit has risen another 20% or so to $110 before I place my next order.
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Just thinking in general/speculating...
So with the Cyprus banks reopen now
*Some* People will be withdrawing money out and possibly exchanging for a different currency.
And with the withdrawl limit in place, could be a slow and steady rise of BC?
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Once OPVA start accepting coins SR wont even be a blip on the map
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I honestly don't think Bitcoin would be as big as it is today without SILKROAD. BTC has worked wonders for the underground market.
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Let's get this into perspective:
Currently there are 10.96 million BTC with a total value of 1.03 billion dollars at $94.
SR revenues are estimated to be 1.7 million dollars/month
This is 0.015% of the total BTC value.
SR is just another drop in the BTC bucket that is now fueled by growing demand in the Eurozone where 300 million people look for an alternative to Euros.
Add in worldwide publicity for BTC which are an extremely tiny market compared to other asset classes.
It is your guess where BTC will trade if only 1 million people want to buy 1 BTC out of curiosity.
This will rocket BTC past the moon.
It has a negative side effect, though: We have delayed all purchases and now we will have only a very frugal Easter party holiday.
But I will be compensated as I can already buy twice as many drugs since I deposited my BTC into SR. :P
I guess I will wait until my deposit has risen another 20% or so to $110 before I place my next order.
I would like to add one parameter to this calculations - 78% of all bitcoins were never used. That makes it a significant higher percentage that SR covers. But i would not say that it would be that much of drama when sr goes down as some other site would take its place then.
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I would like to add one parameter to this calculations - 78% of all bitcoins were never used. That makes it a significant higher percentage that SR covers. But i would not say that it would be that much of drama when sr goes down as some other site would take its place then.
Thx for that input. This tilts my equation even more towards a quickly building bubble when supply is soooo tight.
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I would like to add one parameter to this calculations - 78% of all bitcoins were never used. That makes it a significant higher percentage that SR covers. But i would not say that it would be that much of drama when sr goes down as some other site would take its place then.
Thx for that input. This tilts my equation even more towards a quickly building bubble when supply is soooo tight.
I just want bitcoin to crash and go as close to zero as possible again. When that happens I'm putting all my money in Coins. It's an amazing investment.
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I would like to add one parameter to this calculations - 78% of all bitcoins were never used. That makes it a significant higher percentage that SR covers. But i would not say that it would be that much of drama when sr goes down as some other site would take its place then.
Thx for that input. This tilts my equation even more towards a quickly building bubble when supply is soooo tight.
I just want bitcoin to crash and go as close to zero as possible again. When that happens I'm putting all my money in Coins. It's an amazing investment.
If only we had time machines...
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Anybody know what percentage of BTC is being used with SR? I've heard 10% but I don't know how true that is.
I've also heard that 3/4 of BTC is 'invested', and not used/spent.
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Anybody know what percentage of BTC is being used with SR? I've heard 10% but I don't know how true that is.
I've also heard that 3/4 of BTC is 'invested', and not used/spent.
Do u ever read a thread before posting questions that were answered right below?