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Not to mention, the dude had to have money (even before taking this over) if he said the previous owner was "well compensated".
by nobodysfool 13y ago
Not to mention, the dude had to have money (even before taking this over) if he said the previous owner was "well compensated".
- pests 13y agoI thought the article said he worked along side of the original owner for some time before buying him out with his share? Or did I misread that part?
- betterunix 13y agoThere is no guarantee that the money is actually available to him. He probably has most / all of it tied up in Bitcoin, and is probably using only small amounts at a time via exchanges. It is the classic mafia problem. Yes you can make lots of money on the black market, but it is useless if spending means getting caught. Hence money laundering.
- dobbsbob 13y agoThis was interesting too, since I always assumed one of the big vendors on the site bought him out but clearly not thanks to his helpful talking. I bet he raised the money through a group loan, fund or he runs a coin mixing service/mining pool. something that would give you expertise in setting up secure wallets. This is why saying anything is bad unless it's for misinformation only. DPR clearly hasn't seen the weev court docs where everything he wrote on IRC was used against him to cement a flimsy case
- armenarmen 13y agoflip side, it could have been a down payment then an 'earn-out' where the former DPR took xx% of revenue until the debt was paid off.