lol @ bitcoin and Silk Road. That shit is like the Wal-Mart of the underground Internet. You won't be hearing about the real underground on Gawker anytime soon.
You need decent gpu to be able to generate anything https://en.bitcoin.it/wiki/Mining_hardware_comparison
There are a few places to exchange like mtgox or looks like even virwox now trades bitcoins...
Not cool.i guessed my way into someones acct though LOL
Has anyone seen a real store that accepts bitcoins? What if I wanted to accept them in say a Magento store or something. Has the system developed enough for normal uses other than tor drug sites.
shit mane i missed the bus.. silk road went into current members only mode
i guessed my way into someones acct though LOL
Also the price of goods on bitcoin based exchanges hasn't changed. Enjoy paying like $1000 an oz for weed based on current exchanges.
By far the silliest thing I've read you say so far.
The majority of legit, regular sellers price their goods in $'s and the Bitcoin rate on their product listing is auto adjusted to the current exchange rate, so no not really.Why? It's a currency bubble 100%. The prices on there are obscene still - 100BTC for crystal meth - so currently around $3000, whereas when the price was set, it was equivalent to around $100-200. This makes sense.
Listings you see like that, are back from the old silk road, when the price was just a set bitcoin value, now it's tied to the dollar value. Have a look at the weed section for a better example of prices.Why? It's a currency bubble 100%. The prices on there are obscene still - 100BTC for crystal meth - so currently around $3000, whereas when the price was set, it was equivalent to around $100-200. This makes sense.
Also the price of goods on bitcoin based exchanges hasn't changed. Enjoy paying like $1000 an oz for weed based on current exchanges.
Why? It's a currency bubble 100%. The prices on there are obscene still - 100BTC for crystal meth - so currently around $3000, whereas when the price was set, it was equivalent to around $100-200. This makes sense.
you have no idea what you are talking about.
the prices on the site fluxate with the exchange rate or they are set to fixed prices by the seller.
Nope, it's not cause they're stupid, just because they were on Silk road before gawker got hold of it, back before the price auto-adjusted.They also have to option to set it up in US dollars, but most of them don't for some reason. I think a lot of the dumb asses on there don't know how to set it up correctly.
It also happens to be the cheapest placeYep, also silk road isnt the only place to exchange bitcoins for drugs, it just happens to be the place you read on gawker about :smokin: