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Silk Road 2.0 Pledges To Compensate Users For Stolen Bitcoins
An anonymous reader writes "Online black market Silk Road 2.0 has pledged to pay back more than £1.7 million worth of bitcoins stolen from its servers during a heist last week. Speaking in a post on Reddit, Silk Road 2.0 moderator Defcon said the website would refund the more than 4,000 bitcoins stolen during the heist, and would not pay its staff until users had been reimbursed."
At this point I think the Silk Road brand is pretty dead, especially since it's no secret that there are other similar marketplaces to be found on Tor. Not to mention that some of those are attracting a lot of former Silk Road vendors, and with the vendors come the customers.
By Buying them on MTGox
but GOK when you'll see them ... i.e. never
Stolen by the makes of SR2 IMO
who where what when now?
Now only if Bank of America or Target would do the same for it's users... isn't it funny that there's more honesty in underground markets compared to corporate capitalist America?
If Silk Road makes good on their promises, they will have a track record of adding some guaranty to their market and that added safety will make them a better choice than the other markets.
Those crooked mother fuckers "I mean that in a good way" have more morals than the majority of legal companies.
It makes me have to scroll more to see comments, this new site is terrible. :(
Silk Road 2.0 employees desert after they learn they are not getting paid.
Several turn turn over information to law enforcement...
Chas - The one, the only.
THANK GOD!!!
Basically they are doing more than a bank would do...(banks only return a limit amount unless you are paying for platinum type accounts)
Can you imagine if the airlines had service like this? Goes a long, long way toward building trust and earning repeat business. Don't care what you are selling, this is how to sell it.
What does a site on the dark web that lists contraband and exchanges bitcoins (two very automatic things) do with employees in the first place? Oh that's right, get them arrested! Enjoy your complementary paycheck furlough and visit from the FBI.
So none of ya'll actually read the entire article, where it was mentioned SR2 is adding a 5% "commission" to all transactions to cover the losses?? Not quite the same as the headline making it sound like the dough would come out of SR2's pockets...
buh-bye
if this is supposed to be a new economy, how come they still want my old fashioned money?
... with floating value? How will they determine the value to be returned? Value at time of loss? Value at time of reimbursement? That could get 'spensive, or legalicious.
I know nothing really about their operations but, little bit of thinking on it. They can't be very big, for a whole host of reasons aside from not needing to be. Their "Employees" are likely all part owners, with a stake in making it work. This would not be unusual in a company comprised of only a handful of people. It is a mistake to assume they have employees like a larger company would. They might, but, I think it is unlikely.
"I opened my eyes, and everything went dark again"
Freedom of speech is one thing...reporting the news too. But advertising for a criminal enterprise???
There are questions here...
Or was that some other site with bitcoins?
... and always has been. Ulbricht is either an agent or a patsy. The point is to discredit Bitcoin.
If it looks like a scam, sounds like a scam, and takes money like a scam... It's probably a scam.
We are eternal, all this pain is an illusion.
...it's still shitcoin. You can't trust it.
With the current crash and run on bitcoin "currency" (use that word VERY loosely), they should be able to buy back those bitcoins out of the petty cash in a few weeks.
Or it's one last grab to get more bitcoins before taking off with them all again.
It sounds like you can make easy money by shorting bitcoins! You should go do it ASAP, and let us know how it worked out in a few weeks.
Please forgive my ignorance, as I've never had a need to buy contraband online, but why does Silk Road hold users' Bitcoins? My understanding was that the point of Bitcoin was ostensibly to enable users to send and receive money without going through a payment processing entity. I'd assume Silk Road is acting like some sort of escrow, where a buyer has to confirm that the seller made good on their end before releasing funds, but in an "anonymous" marketplace you're just as likely to be screwed by scams on either end of a transaction. Hell, on eBay I've had my fair share of buyers who filed fraudulent chargebacks and "not as described" claims and they all ended up being covered by PayPal's seller protection or postal insurance. I can only imagine how bad things must be when you're dealing with shady types.
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DRM is like antifreeze, to the MPAA/RIAA it's sweet, to the consumers it's poison.
Please tell me the browser cache is screwing with me. Please tell me that my wife wants to have sex more often ( ok that isn't going to happen, I have a 12 and 15 year old) Do we really have Slashdot.org back?
They function like an escrow service, that way vendors can avoid revealing their identities to buyers.
The way Silk Road (and other similar marketplaces) works is like this:
Now, as a buyer you could of course choose to pretend like you didn't get your order but this will only fly for so long (and you're more easily identifiable than the vendor).
On the other side you could be a vendor who didn't ship merchandise and claimed that the buyer was trying to scam you but this also has its drawbacks, do it too often and the site admins will notice (and the original Silk Road has some issue with vendors like this, especially ones who insisted buyers release funds from escrow early). A lot of the vendors move fairly large amounts of merchandise and it would not be a major source of profit to have every 10th order or so "go missing", especially not since buyers can leave feedback on every order.