The article mentions the Silk Road's creator, Ross Ulbrecht, and if anyone's wanting a great, tech-heavy true crime book, I highly recommend Nick Bilton's American Kingpin which is about...
The article mentions the Silk Road's creator, Ross Ulbrecht, and if anyone's wanting a great, tech-heavy true crime book, I highly recommend Nick Bilton's American Kingpin which is about Ulbrecht's creation of the site and law enforcement's subsequent efforts to take him down.
It's written in a way that non-techy people like me can understand, though I'm sure many of the people here with far greater technical knowledge would find much more in it to appreciate. It was genuinely fascinating, and I couldn't put it down.
I haven't read the book, but I have read a number of articles on the Silk Road, Ulbrecht's misdeeds, the lengthy investigation into it/him, and his eventual capture. It's definitely a fascinating...
I haven't read the book, but I have read a number of articles on the Silk Road, Ulbrecht's misdeeds, the lengthy investigation into it/him, and his eventual capture. It's definitely a fascinating story, so I will have to check out the book. Thanks for the recommendation.
p.s. This NYT article does a pretty good job of going over some of the major details for those who just want the short of it: The Tax Sleuth Who Took Down a Drug Lord
The price today is over $15,000 USD per bitcoin, which is approaching its all-time high from the end of 2017. The volume traded in the last 24 hours was almost $37 billion. It's hard to say if you...
If you were to sell a fraction of a billion dollars worth of bitcoin, the markets would crash tremendously. What exchanges could even handle that or have a billion dollars on hand? Bitcoin is hard...
If you were to sell a fraction of a billion dollars worth of bitcoin, the markets would crash tremendously.
What exchanges could even handle that or have a billion dollars on hand?
Bitcoin is hard to turn into USD. It's a relatively illiquid "currency" compared to stocks and other things you can day trade.
If my understanding is correct, the 2017/2018 crash happened when the Japanese government sold the Bitcoin recovered from Mt. Gox. This might be a good time to sell our Bitcoin, and buy them back...
If my understanding is correct, the 2017/2018 crash happened when the Japanese government sold the Bitcoin recovered from Mt. Gox.
This might be a good time to sell our Bitcoin, and buy them back after the potential crash. Then again, the sell off of these Silk Road Bitcoin might also be months or even years into the future.
I've heard that too, although I can't say I remember seeing evidence for it. The bitcoin markets seem strange to me: They price in news very quickly, so when what the news predicted actually comes...
I've heard that too, although I can't say I remember seeing evidence for it.
The bitcoin markets seem strange to me: They price in news very quickly, so when what the news predicted actually comes to pass, somehow a bunch of people are surprised and a meta-move of the markets happen.
I'm willing to bet that the markets have priced in this selloff, but will then double-dip when the actual sell off takes place too. A mechanism like that also seems like a reasonable part of all the factors that lead to the crazy volatility bitcoin consistently demonstrates.
Some exchanges have "dark pools", basically secret order books, where you can buy or sell a lot of volume without telegraphing to the market that you're doing it. Though I think the last time the...
If you were to sell a fraction of a billion dollars worth of bitcoin, the markets would crash tremendously.
Some exchanges have "dark pools", basically secret order books, where you can buy or sell a lot of volume without telegraphing to the market that you're doing it.
Though I think the last time the government sold a lot of seized bitcoin, they broke it up into lots and auctioned it off themselves, like they do with other seized property.
The article mentions the Silk Road's creator, Ross Ulbrecht, and if anyone's wanting a great, tech-heavy true crime book, I highly recommend Nick Bilton's American Kingpin which is about Ulbrecht's creation of the site and law enforcement's subsequent efforts to take him down.
It's written in a way that non-techy people like me can understand, though I'm sure many of the people here with far greater technical knowledge would find much more in it to appreciate. It was genuinely fascinating, and I couldn't put it down.
I haven't read the book, but I have read a number of articles on the Silk Road, Ulbrecht's misdeeds, the lengthy investigation into it/him, and his eventual capture. It's definitely a fascinating story, so I will have to check out the book. Thanks for the recommendation.
p.s. This NYT article does a pretty good job of going over some of the major details for those who just want the short of it: The Tax Sleuth Who Took Down a Drug Lord
Does it go into how some of the investigator(s) embezzled/stole bitcoin from the silk road account during the investigation
I honestly don't remember, sorry.
Are they actually worth $1bn? As in, could you actually find buyers for $1bn of bitcoin? Has it reached that level of popularity now?
The price today is over $15,000 USD per bitcoin, which is approaching its all-time high from the end of 2017. The volume traded in the last 24 hours was almost $37 billion.
It's hard to say if you could actually cash out $1 billion worth if you wanted to, but I definitely don't think it's impossible.
If you were to sell a fraction of a billion dollars worth of bitcoin, the markets would crash tremendously.
What exchanges could even handle that or have a billion dollars on hand?
Bitcoin is hard to turn into USD. It's a relatively illiquid "currency" compared to stocks and other things you can day trade.
If my understanding is correct, the 2017/2018 crash happened when the Japanese government sold the Bitcoin recovered from Mt. Gox.
This might be a good time to sell our Bitcoin, and buy them back after the potential crash. Then again, the sell off of these Silk Road Bitcoin might also be months or even years into the future.
I've heard that too, although I can't say I remember seeing evidence for it.
The bitcoin markets seem strange to me: They price in news very quickly, so when what the news predicted actually comes to pass, somehow a bunch of people are surprised and a meta-move of the markets happen.
I'm willing to bet that the markets have priced in this selloff, but will then double-dip when the actual sell off takes place too. A mechanism like that also seems like a reasonable part of all the factors that lead to the crazy volatility bitcoin consistently demonstrates.
Some exchanges have "dark pools", basically secret order books, where you can buy or sell a lot of volume without telegraphing to the market that you're doing it.
Though I think the last time the government sold a lot of seized bitcoin, they broke it up into lots and auctioned it off themselves, like they do with other seized property.