FBI seizes underground drug market Silk Road

I'm going to throw something out there... Only psychadelics should be legalized. It really puts everything you thought you knew into a whole different perspective. If psychs were legal I think the world would get along better.

 
amen. I used to be an advocate for all drugs but i've recently changed my mind. fuck cocaine its a bad thing.
 
the US gov't is buying them all out... hence the high prices because way less coins on the market
 
They have realized they cannot stop underground markets... but they can stop the cryptic currency used in the markets. Next step for the US gov is to destroy the bitcoin. It can't be regulated or taxed and they're mostly used for buying drugs.

Litecoins anyone?
 
WRONG.

Chinese venture capitalists are buying them all up. They supposedly now own 40% of the bitcoin market. Look it up.
 
well the asians invented them in the first place. I believe it was a japanese guy.

But I'm sure the US Gov't is hording them as well... i'd put my original investment of 100 bitcoins on it when I bought them for $3.78....

 
This is simply not true. I think there's a lot of speculation going on right now and it would appear that bitcoins are in a big bubble.
 
their only way to abolish black markets is to destroy the crypto-currency which is what makes the markey anonymous in the first place.
 
No joke. Prices have nearly doubled within the last month. I keep telling myself just buy now even though it's so high, but I just keep thinking when I buy, it will pop.
 
why wouldn't the US Gov be hording them? They are allowing the citizens to win the war on drugs. Bitcoins are in a bubble for 2 reasons

1. More and more people discovering the deep web every day, thus more demand for coins.

2. a shortage of coins in circulation because they are being bought out and stored - not put back into circulation.

Sure it's a bubble but who knows when it breaks... this happened over the summer. they jumped up to $150 then fell down to $70. (aprox)
 
but i guess they will still be mined until 2140... so there will always be coins on the market ... so i may be wrong about the gov buying them out. even if there is 1 coin it can be split down to .000000001 and still have a high value of worth
 
Zues, It's come to my attention after reading your last few posts that you might be the dumbest motherfucker on this website

Congratulations
 
Satoshi Nakamoto is the pseudonymous person or group of people who designed and created the original Bitcoin software, currently known as Bitcoin-Qt.

His involvement in the original Bitcoin software does not appear to extend past mid-2010....

damnit

yea i guess i might be dumb on the internet
 
Nonetheless the dumbest kind on the internet reinvested in 5 coins at 224 dollars, so the dumbest kid on the internet has now made a $1000 dollars profit... not bad for the dumbest kid on the internet.

I'm going to sell when they hit $500
 
speculation has made many princes paupers.

and buying 200$ of bitcoin isn't worth it, you're losing most of the margin you'll realistically make with the wire transfer fees.

 
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