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by bluedino 4238 days ago
>> made a down payment of approximately $70,000 in Bitcoins towards the purchase of a Tesla Model S

Way to lay low.

4 comments

This is a lot of major crimes investigations: if you want to participate in an organized criminal effort (which is what SR2.0 is), you're only as secure as the weakest link in that effort. Worth remembering when SR3.0 comes out. Is it being run by someone else who will put out a hit on a rival, or plow $70k of revenue into a Model S.
You are also, by nature, associating with people with a vastly higher than average risk of being arrested independent of your own conspiracy, and hoping that they will not mention your conspiracy for leniency in problems they got into without you.
Silkroad 3.0 will probably be this: https://openbazaar.org/

Good luck in taking that down.

Interesting. Are you claiming that OpenBazaar will be free of bugs, exploits, side-channel attacks, etc? Have you done an analysis of the code? Got a link?
I think he just meant that it's like Bitcoin. To stop Bitcoin, you need to seize everyone's computers.
Sounds like he confessed to everything after being read his rights, but before he even had a lawyer. His lawyer met him for the first time in court this morning.

Odd all around, like he wasn't at all prepared for this to end up here.

http://arstechnica.com/tech-policy/2014/11/prosecutor-silk-r...

^. Simplest use case I can imagine for big data analysis on financial transactions, detect sudden spikes in income (esp. from different sources) and expenses, flag for further investigation. I'm sure the tax services do this. Banks too, to detect mules and other suspicious activity (repeated transactions of $999 to a different account are suspicious already imo).
You can buy a Tesla with Bitcoins?
Sure, you could theoretically buy a used Tesla with Bitcoins. But it may be hard to find a dealer willing to do that.

There was a story a while ago about someone buying a Tesla with Bitcoins, but it ended up being incorrect. The Bitcoins were exchanged for US Dollars which were then used to buy the car: http://www.cnbc.com/id/101258152

You can't buy a Tesla from a dealer. There are no Tesla dealers.
Dealers can sell a used Tesla.