Silk Road founder/Bitcoin value
56 2017-12-07 by BBlackbear
Interesting that back in 2013 when the Silk Road founder had been arrested he had over 144,000 bitcoins valued at around $197 each seized by the FBI totaling $28.5 million.. 4 years later, 144,000 bitcoins is valued at ~$2.4 Billion...
EDIT: I am assuming the FBI still has these bitcoins?... Not too sure how the seizure of property works like this
41 comments
1 sarcasm_again 2017-12-07
and people think the feds went after him for drugs... SMFH
1 groman31 2017-12-07
Well, drugs as well as money laundering and attempting to order a hit on someone.
1 PreachyVegan 2017-12-07
he was acting as competition to the feds in that case.
1 Herculius 2017-12-07
He was actually pretty clearly entrapped in to the attempt murder aspect.
1 chappaquiditch 2017-12-07
If I recall they didn't prosecute him for that. He was nailed on drug kingpin statues which he pretty clearly ran afoul of.
1 SuperSaiyanJimbo 2017-12-07
Uh they did. It was only a couple million at the time. They are closing down or attempting to close down every other dark net market to this day.
1 mmp 2017-12-07
It should be noted that Russ was the only person who has been blamed (multiple people were involved no matter what MSM tells you) and he was NOT given a fair trial.
1 rektumsempra 2017-12-07
Someone on reddit said he tried to put hits on people, though, and that's why he got life.
1 modern_fears 2017-12-07
He was framed. There were multiple people using the DPR account. One of them being an FBI/DEA informant (or employee).
1 rektumsempra 2017-12-07
oh shit. that's fucked up
1 extoleth 2017-12-07
Two agents went to prison for it, but the jury was not allowed to hear about them.
1 chappaquiditch 2017-12-07
He was guilty af of running a criminal enterprise. We can debate drug policy, but russ is no hero. He profited off selling hard drugs, which is indefensible imo.
1 gruntznclickz 2017-12-07
Disagree. People bought the goods completely voluntarily.
Russ is a hero and created a revolution.
They cut the head off the hydra and now there are many marketplaces.
1 chappaquiditch 2017-12-07
Would you support Nicky Barnes or Frank lucases or even Pablo Escobar based on your beliefs? Just because it was on TOR doesn't make what he did my different than the above people.
1 gruntznclickz 2017-12-07
It's not tor solely that made it different.
Dude sold mushrooms he grew and never killed anyone. To equate him to Escobar is laughable.
1 chappaquiditch 2017-12-07
He created the infrastructure to purchase whatever drug you wanted. He had no qc to ensure no one died or was harmed by the products sold through his infrastructure. There's less vliid on his hands, but his actions were similar. I find the comparison apt, ymmv.
1 gruntznclickz 2017-12-07
Ahh, that's where you are wrong. Silk Road provided the cleanest, safest drugs. You didn't have to go in to any sketchy situations, meet anyone, and you had the public reviews of other buyers. Purveyors of shitty product did not last.
Again, the comparison is laughable, at best.
1 _Dangma_Dzyu_ 2017-12-07
You trying to go from shill to Drug Czar?
Ambitious.
You lack the IQ though, even for a government puppet position.
1 lurkadurking 2017-12-07
You gotta quit throwing the IQ "attack" around man, especially when you're repeating yourself. Not helping your side of arguments.
1 joseph177 2017-12-07
So he was a competition threat.
1 6your_mother9 2017-12-07
goon rules: if you can't beat em' them you drop em'
1 chappaquiditch 2017-12-07
Na just guilty of laws that he was well aware he was violating.
1 _Dangma_Dzyu_ 2017-12-07
Found the Police/Nanny State Apologist.
Confirmed IQ < 10
1 Walking_Braindead 2017-12-07
I agree, but it's no reason to mass downvote the above guy because he said selling hard drugs was bad.
The CIA doing it is just as bad and this guy doing it doesn't vindicate them.
1 TypeCorrectGetBanned 2017-12-07
Completely disagree. He created a website, and people chose to do illegal things on that website.
It would be like suing your local grocery store because two people did a drug deal on their sidewalk.
1 chappaquiditch 2017-12-07
That's not even close to an accurate description of events and you know it. He did not create a Craigslist for drugs. He created an amazon. He personally profited from the sale of drugs. Drugs I believe should be decriminalized/legalized. Does not absolve him of guilt.
1 Pandas_UNITE 2017-12-07
Tell me how many legal opiate dealers in big pharma have faced hard time for knowingly selling hard drugs that kill? Lets switch off the DARE propaganda you were taught in middle school for a few minutes okay? Atleast while adults are talking?
1 chappaquiditch 2017-12-07
Plenty. That's a problem of regulation and legislation. It's a different conversation. Oxycontin has caused more deaths than DPR ever did. It doesn't make him not guilty of a crime.
1 Ch3mlab 2017-12-07
Hard drugs hahaha. Drugs are drugs. Wonderful drugs.
1 _Dangma_Dzyu_ 2017-12-07
Meanwhile I bet you're obese due to your addiction to HFCS.
stfu
1 Touritaly 2017-12-07
They were auctioned off in 2014-2015 for $48.2 million.
http://fortune.com/2017/10/02/bitcoin-sale-silk-road/
1 BBlackbear 2017-12-07
Ahh! Thank you. Was wondering if this had ever happened.
1 WhatsUpBras 2017-12-07
So the guy that purchased those bitcoins, assuming held onto them, is a billionaier?
1 gr8ful4 2017-12-07
he was a billionaire before that - Tim Draper bought 30k of it.
1 blairisbuffy 2017-12-07
I spent my one and only bitcoin on Silk Road back in the day and I still approve of that decision.
1 NhvK 2017-12-07
What did you buy?
1 helveticalTrump 2017-12-07
Spotted the narc 😜
1 6your_mother9 2017-12-07
best hop back in before the futures market makes a real bubble
1 extoleth 2017-12-07
30k of them were auctioned off in 2014 before the trial had even been held. https://www.forbes.com/sites/kashmirhill/2014/07/02/tim-draper-silk-road-bitcoin-
1 monicahi 2017-12-07
Founder/s has not been located. A Fed tried to steal X amount of BTC, got caught. (After the bust). Agents infiltrated Silk Road. A group working to bring it down, a group who believed they were doing the right thing. What they didn't know is that they were just helping the CIA to kill competition.
1 TheStrangeTamer 2017-12-07
if they can seize your coins so to speak when they want to .. better come up with the next fail safe. if it can be just taken then what is the point.