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Messages - Libertas

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481
Silk Road discussion / Re: SR Down?
« on: June 07, 2013, 01:38 am »
I had at least 50 three number captchas in a row even while changing TOR identities and refreshing constantly.

DPR may have been changing something on the site; I presume that's what would cause that many 3 digit captchas in a row.

Libertas

482
Newbie discussion / Re: how long for resolution
« on: June 07, 2013, 01:15 am »
I placed an order with a scammer (import connection), but stayed in escrot. I am now in resolution and the vendor is no longer around. How long should this take and should I have a problem getting my money back?

Hi mattyrich,

Not sure how long it will take but it will most likely be sorted out in in the next 48 hours; you will have no problem getting your money back. You'll receive a full refund and it won't affect your purchasing stats as the vendor was banned.

Libertas

483
Silk Road discussion / Re: SR Down?
« on: June 07, 2013, 01:14 am »
Working across the pond - but certainly seeing more 3 digit numeral capchas

that makes me nervous, so I hit refresh until a normal captcha comes up.

The 3 character captcha issue is occurring as a result of the recent site hardening efforts and it is not a security risk so the cause of it is not being hunted down as a priority. If you try to log in with the short captcha you'll just get a 'login failed' error, but just refresh the page until a full length captcha becomes available. :)

Libertas

484
I can't search the forums, "Your last search was less than 5 seconds ago. Please try again later."

Just me or everyone?

This occurs as the forum sees us all coming from the same IP address, 127.0.0.1; it isn't just you!

Libertas

485
Security / Re: How safe is storing BTC @ SR long-term?
« on: June 07, 2013, 12:15 am »
All they have to do is to make it illegal for any shop to accept bitcoins and then to go after the bitcoin exchanges.

You can have a billion bitcoins but if you cant convert them into anything you can spend they become worthless.

Do that and the Bitcoin economy just goes completely into the black market; the fact of the matter is that bitcoins are currently worth what they are because we ascribe value to them, and they are rare and limited. Gold has no inherent value apart from its use in industry but that isn't what gives it its inflated price. It is valued that way because it is rare, limited and desirable. There aren't many shops that accept gold as a method of payment, but it has not become worthless. It is traded as a commodity. Bitcoin could well have a similar future if 'outlawed' due to its potential as a store of value, and the fact that you can transport all of your wealth around on a USB stick or in your head in a brain wallet. If it were 'outlawed' and used by 'outlaws', it would skyrocket in value due to the demand for it by the black market with people willing to buy and sell for fiat money to people who want to store their wealth in it / move their money worldwide. A global, untraceable underground economy would be created with Bitcoin at its core.

Libertas

486
Security / Re: How safe is storing BTC @ SR long-term?
« on: June 06, 2013, 11:30 pm »
Look at whats happening in the world right now.  Countries are all getting together and making deals to remove peoples financial privacy.  Even Switzerland will hand over your details if anyone asks for them.  Where there is money, there is always a way.  If the governments of the world decide that bitcoins are somehow reducing their taxation revenue they will end them.  Its all very well saying it cant happen but people dont put large sums of money into illegal currencies because they have too much to loose.  Saying it could never happen is a little naive.  Who would have thought you could ring up a Swiss bank and ask for someones entire financial records?  A few years ago that would have been unimaginable now its a reality.  Where there is money there is a way!

I'm not sure you fully understand how Bitcoin works.. If a government wants to shut down Bitcoin they would have to shut down the entire internet - something that is completely impossible as any person can set up a satellite internet "broadcast". As long as one single person in any country that has somehow managed to disable the entire internet in an attempt to "block" Bitcoin has internet access, the entire blockchain can be propagated to every person in that country and transactions can resume as normal.

The entire Bitcoin economy can function on one single Bitcoin due to its divisibility, so even if governments at some point in the future were to buy up all but one of the 21,000,000 bitcoins that will ever exist, as long as there is one person that retains possession of a single Bitcoin that refuses to sell, they can split that Bitcoin up (and it will now be worth billions / possibly trillions in a fiat-currency sense due to the government buying up every other Bitcoin) and the Bitcoin economy will continue functioning in milli-bitcoins (mBTC) or micro-bitcoins (μBTC).

It's impossible to 'kill' Bitcoin without performing a 51% attack, which is currently impossible, and getting more and more future-proof as more ASICs come online.

Libertas

487
Security / Re: How safe is storing BTC @ SR long-term?
« on: June 06, 2013, 11:08 pm »
In a long enough timeline, this is purely relative to whether or not BTC survives, which overall market confidence lately has been that it will.

Market confidence is high but there is some talk and it is only talk of governments actually outlawing bitcoins.

Right now Bitcoins are legal but a chance in law would obviously change that.

What they are saying is that right now governments arent really all that interested in bitcoins largely due to the fact that almost no one accepts them as currency, but if shops started using bitcoins more and more then governments would take more and more of an interest and there is a possibility that they might just outlaw them.  Time will tell.

Whether "outlawed" or not, government cannot kill Bitcoin so this is essentially a non-issue. They outlawed drugs as well - which are far easier to find and trace than Bitcoin when Bitcoin is used correctly - and that hasn't worked out too well for them. ;) They did the same with file-sharing of copyrighted files; Bitcoin can be better compared to that as it is a P2P currency that employs similar protocols. And they have completely failed in their attempts to regulate what we can and cannot access online.

In short, if the government were to make Bitcoin illegal tomorrow it would likely rise in value as the market supply reduces (all the exchanges are closed) while the demand remains. If they're trying to attack Bitcoin then that would be a terrible, terrible way for them to go about it! ;D

Libertas

If the government say that they will

a) throw you in jail
b) confiscate your funds

a lot of people will not use it.

As mentioned above, the same applies to drugs. Furthermore, Bitcoin cannot be confiscated so such a threat would be pointless!

Libertas

488
Bug reports / Re: Auto Withdraw..
« on: June 06, 2013, 11:01 pm »
hmm odd i dont think it's a minimum thing -- without getting into specifics, this final amount should be more than that one auto withdraw amount times 3.. it's not like the sale was only 1.01 BTC or anything.. fair bit more than that..

gonna hit up vendor support..
-mb

'Hmm' indeed! Vendor Support is probably the best idea! Please let us know how you get on and the reason given for it! :)

Libertas

489
Security / Re: How safe is storing BTC @ SR long-term?
« on: June 06, 2013, 10:57 pm »
In a long enough timeline, this is purely relative to whether or not BTC survives, which overall market confidence lately has been that it will.

Market confidence is high but there is some talk and it is only talk of governments actually outlawing bitcoins.

Right now Bitcoins are legal but a chance in law would obviously change that.

What they are saying is that right now governments arent really all that interested in bitcoins largely due to the fact that almost no one accepts them as currency, but if shops started using bitcoins more and more then governments would take more and more of an interest and there is a possibility that they might just outlaw them.  Time will tell.

Whether "outlawed" or not, government cannot kill Bitcoin so this is essentially a non-issue. They outlawed drugs as well - which are far easier to find and trace than Bitcoin when Bitcoin is used correctly - and that hasn't worked out too well for them. ;) They did the same with file-sharing of copyrighted files; Bitcoin can be better compared to that as it is a P2P currency that employs similar protocols. And they have completely failed in their attempts to regulate what we can and cannot access online.

In short, if the government were to make Bitcoin illegal tomorrow it would likely rise in value as the market supply reduces (all the exchanges are closed) while the demand remains. If they're trying to attack Bitcoin then that would be a terrible, terrible way for them to go about it! ;D

Libertas

490
Security / Re: How safe is storing BTC @ SR long-term?
« on: June 06, 2013, 10:52 pm »
Agree 100% Libertas

The most secure way I've found to manage my bitcoins is using Bitcoin Armory

It allows for 'offline wallets'. Basically, you approve and sign transactions on an offline machine that is never connected to the internet (or a dual booted one with an encrypted drive). The online computer monitors the blockchain and pushes through signed transactions.

Sounds harder than it is and worth piece of mind!

Armory is an excellent client, kudos to you for taking your Bitcoin security seriously! :)

Libertas

491
Bug reports / Re: Auto Withdraw..
« on: June 06, 2013, 10:49 pm »
yes in fact it was - which i thought to be a bit odd..

what does this mean?
-mb

Whilst I don't know for sure how the auto-withdraw system works, I recall another vendor bringing this up in the past and we concluded that there must be a minimum amount set before the system initiates auto-withdraw.

Libertas

492
Off topic / Re: Blowing the "whistle" on myself. Open letter.
« on: June 06, 2013, 10:42 pm »
Welcome to the free market, kid!

Libertas

493
Do you mind naming him? I think the community deserve to know when someone breaks the rules, transparency is good for all.

Thanks for reporting this

I guess maybe it's for the best, as there's apparently no good reason for him to request a deal like that.

The vendor is FrankMatthews, and the full conversation is available in messages on SR. I could provide a screenshot if necessary.

That will not be necessary as scout has already passed it up and SR Support can view the messages themselves, even if deleted; thanks for alerting us to this, BeepBeepImAJeep!

Libertas

494
Bug reports / Re: Auto Withdraw..
« on: June 06, 2013, 10:14 pm »
hi hi

i was under the impression from the seller's guide in the wiki that the 3 auto withdraw transactions would happen relatively close to one another in time..

i double checked all 3 BTC addresses listed are correct in my vendor settings page; no typos. but it's been a few hours since an order finalized and only one of the addresses received partial payment (which happened promptly when it got finalized).. the other two dont show the expected unconfirmed transactions either.. neither does the "backup" address.. the balance from that sale is sitting in my SR wallet as available...

shouldnt it have been swept to the auto withdraw by now? am i being too impatient?
is this normal?

thanks for your help..
-mb

Hi missbliss,

Was the amount withdrawn a round number by any chance? (1.00 BTC, 2.00 BTC etc.)

Libertas

495
Bug reports / Re: Where are my coins??
« on: June 06, 2013, 09:36 pm »
Hi, I am new to silkroad and am confused. I sent bitcoins from my wallet @ blockchain to the address provided to me by SR after clicking "click here to make a deposit". After approximately 30 mins i still do not see the coins in my SR account, however, they have been removed from my wallet and blockchain shows the transaction with "3 confirmations". What is going on? Do i just need to wait longer? I'm worried i just threw away money.

Hi sweeede92,

Please read the SR Wiki in its entirety, specifically the F.A.Q. section; the following entry applies to your case:

http://dkn255hz262ypmii.onion/wiki/index.php?title=Frequently_Asked_Questions#Why_isn.27t_my_deposit_showing_up_in_my_account.3F

Quote
Why isn't my deposit showing up in my account?

It can take up to 6 hours for a deposit to be confirmed on the blockchain, processed, and credited to your Silk Road account. If your deposit still hasn't shown up, first check that it is showing up on the blockchain by searching for your deposit address on a site like blockchain.info. If your transfer doesn't appear here, then it was never sent and you need to find out why from the person or organization who initiated the transfer. If the transfer does appear, then there could be a problem on our end and you should contact us.

Libertas

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