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Site operators retire to Cayman Islands. Bitcoin has been mostly good for promoting the Ponzi scheme style of business operation. Bitcoin businesses are divid

Site operators retire to Cayman Islands. Bitcoin has been mostly good for promoting the Ponzi scheme style of business operation. Bitcoin businesses are divided into exactly two types: - those that have absconded with all customer funds - those that are planning to abscond with all customer funds

gwern 13y ago
> Site operators retire to Cayman Islands. The chance of that at this point is practically nil. The owner has been doxed, both the FBI and Czech police have been thoroughly notified, and the blockchain movements suggest the owner is panicking and no longer thinking straight (who on earth moves 96k btc through a mixer in a day? that shows they either don't understand the idea of mixing or they are too frantic to realize the futility of it).
- throwaway0094 13y ago
  Owner has been doxed? Link?
  - Cederfjard 13y ago
    It was posted on here yesterday I think, but seems to have been removed. I hope posting this link is OK: http://www.reddit.com/r/SilkRoad/comments/1ptd6b/precommitment_proof_of_knowledge_about_a/ http://www.reddit.com/r/SilkRoad/comments/1ptd6b/precommitme...
  - berberous 13y ago
    Gwern (of gwern.net) released the information on PasteBin: http://pastebin.com/raw.php?i=9spTATw6 http://pastebin.com/raw.php?i=9spTATw6 Earlier HN discussion: https://news.ycombinator.com/item?id=6828620 https://news.ycombinator.com/item?id=6828620
- michaelbuckbee 13y ago
  Real question: do the authorities even care? As in has there been a previous case of the FBI helping return bitcoins to their rightful owners?
  - gwern 13y ago
    The authorities certainly do care about nailing Sheep's owner. Tarbell wouldn't be involved if they didn't care. Of course, they won't be returning any of the bitcoins to Sheep users...
- beachstartup 13y ago
  the authorities most likely don't care, and chances are no individual lost enough money to be pissed off enough to go after them.
sogen 13y ago
upvoted
simonebrunozzi 13y ago
Do you say this out of direct knowledge, or it's just an assumption? (just plainly asking, no sarcasm)

gwern 13y ago

> Site operators retire to Cayman Islands. The chance of that at this point is practically nil. The owner has been doxed, both the FBI and Czech police have been thoroughly notified, and the blockchain movements suggest the owner is panicking and no longer thinking straight (who on earth moves 96k btc through a mixer in a day? that shows they either don't understand the idea of mixing or they are too frantic to realize the futility of it).

throwaway0094 13y ago
Owner has been doxed? Link?
- Cederfjard 13y ago
  It was posted on here yesterday I think, but seems to have been removed. I hope posting this link is OK: http://www.reddit.com/r/SilkRoad/comments/1ptd6b/precommitment_proof_of_knowledge_about_a/ http://www.reddit.com/r/SilkRoad/comments/1ptd6b/precommitme...
- berberous 13y ago
  Gwern (of gwern.net) released the information on PasteBin: http://pastebin.com/raw.php?i=9spTATw6 http://pastebin.com/raw.php?i=9spTATw6 Earlier HN discussion: https://news.ycombinator.com/item?id=6828620 https://news.ycombinator.com/item?id=6828620
michaelbuckbee 13y ago
Real question: do the authorities even care? As in has there been a previous case of the FBI helping return bitcoins to their rightful owners?
- gwern 13y ago
  The authorities certainly do care about nailing Sheep's owner. Tarbell wouldn't be involved if they didn't care. Of course, they won't be returning any of the bitcoins to Sheep users...
beachstartup 13y ago
the authorities most likely don't care, and chances are no individual lost enough money to be pissed off enough to go after them.

sogen 13y ago

upvoted

simonebrunozzi 13y ago

Do you say this out of direct knowledge, or it's just an assumption? (just plainly asking, no sarcasm)