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Re:FBI raids alleged online drug market Silk Road, arrests o... by dave_sullivan on Wednesday October 02, 2013 @12:04PM (#6483258)
"All told, the site has generated sales revenue totaling over 9.5 million Bitcoins and collected commissions from these sales totaling over 600,000 Bitcoins. Although the value of Bitcoins has varied significantly during the site's lifetime, these figures are roughly equivalent today to approximately $1.2 billion in sales and approximately $80 million in commissions."

Incidentally exactly how much Walter White made... That's a strange coincidence, or perhaps one of the clerks that gets paid to make up statistics for drug related criminal complaints is a breaking bad fan...

Re:FBI raids alleged online drug market Silk Road, arrests o... by ealloc on Wednesday October 02, 2013 @01:02PM (#6483698)
So this means the FBI now owns 600,000 bitcoins (5% of all bitcoins)? Probably more, since they also control the (presumably large number of) bitcoin stored in accounts on Silk road.

Seems like this could lead either to the legitimation or deligitimation of bitcoin as the FBI must assess their worth. It also gives the FBI the ability to mess with bitcoin markets if they choose, by flooding supply.

Re:FBI raids alleged online drug market Silk Road, arrests o... by MichaelApproved on Wednesday October 02, 2013 @03:24PM (#6484648)
These numbers are over the lifetime of the site. I bet many of the bitcoins earned were sold/exchanged. It also includes revenue numbers which was paid out to sellers.
Re:FBI raids alleged online drug market Silk Road, arrests o... by batbomb on Wednesday October 02, 2013 @01:48PM (#6484018)
If it's the same person, there's a Ross Ulbricht who has a BS in Physics from UT, and would be 29. Best friends with this guy[1], who lives in SF (from Austin), and declares himself as best friends.

https://twitter.com/RJPinnell

http://renepinnell.com/homepage.html

Re:FBI raids alleged online drug market Silk Road, arrests o... by kanzure on Wednesday October 02, 2013 @02:27PM (#6484277)
I have emails from both of these individuals in my inbox from a few years ago.
Re:FBI raids alleged online drug market Silk Road, arrests o... by acallahan on Wednesday October 02, 2013 @12:39PM (#6483544)
I think you should flag this as breaking bad spoilers - not everyone has finished watching the show
Re:FBI raids alleged online drug market Silk Road, arrests o... by atlbeer on Wednesday October 02, 2013 @12:54PM (#6483652)
That's a year and a half old info. It can't be a spoiler forever.
Re:FBI raids alleged online drug market Silk Road, arrests o... by hansjorg on Wednesday October 02, 2013 @02:54PM (#6484443)
The anti-spoiler crowd are pretty demanding. A large and vocal group fought hard to introduce prominent spoiler warnings on Wikipedia. There was a time when every other literary work there had a warning that the article might be discussing the subject at hand.
Re:FBI raids alleged online drug market Silk Road, arrests o... by javajosh on Wednesday October 02, 2013 @03:22PM (#6484642)
It's a strange phenomena, and I'm not entirely convinced that it doesn't imply poor quality entertainment. Good quality entertainment is eminently re-watchable. How many times have I seen "Groundhog Day", or read "Lord of the Rings"? The fact that I know exactly what happens doesn't seem to diminish my enjoyment at all. In fact, it seems like with every re-experience I pick up some new detail or insight.

OTOH I can totally understand spoiler alerts with respect to sport and sporting-type events (like politics). It usually does seem to diminish the pleasure of watching a game when you know the outcome.

Re:FBI raids alleged online drug market Silk Road, arrests o... by pyre on Wednesday October 02, 2013 @01:11PM (#6483758)
I don't think that the actual amount was mentioned until the last run of episodes. Prior to that I only remember it being a huge pile of cash that they had "stopped counting."
Re:FBI raids alleged online drug market Silk Road, arrests o... by pavel_lishin on Wednesday October 02, 2013 @03:21PM (#6484628)
I don't think that an amount of money constitutes a spoiler, unless that very specific amount has something to do with a specific plot point. ("Ouch, my cancer! If only I had $80,000,001 exactly!")
Re:FBI raids alleged online drug market Silk Road, arrests o... by BlackDeath3 on Wednesday October 02, 2013 @04:52PM (#6485306)
I always err on the side of "it's a spoiler". If it's not in the show's trailer, I treat it like a spoiler.

I know that I'm personally much more sensitive to spoilers than a lot of other people, so it always annoys me how somebody says something thinking they're not spoiling anything without fully thinking through the implications of what it is they're saying. It's almost arrogance, really, to simply assume that you know what will and will not spoil some given experience for another person.

Re:FBI raids alleged online drug market Silk Road, arrests o... by samstave on Wednesday October 02, 2013 @01:15PM (#6483791)
Have you seen Titanic? It sinks.

Seen JFK? He dies.

Re:FBI raids alleged online drug market Silk Road, arrests o... by alexeisadeski3 on Wednesday October 02, 2013 @02:37PM (#6484339)
WHAT???? More spoilers!!
Re:FBI raids alleged online drug market Silk Road, arrests o... by pavel_lishin on Wednesday October 02, 2013 @03:21PM (#6484631)
Jesus dies.

The Zebra did it.

Re:FBI raids alleged online drug market Silk Road, arrests o... by grbalaffa on Wednesday October 02, 2013 @05:08PM (#6485403)
> revenue totaling over 9.5 million Bitcoins

According to this that's close to the current total supply of all bitcoins:

http://en.wikipedia.org/wiki/File:Total_bitcoins_over_time.p...

The graph shows the supply in 2013 at around 9.5 million, same number as what the article claims.

Re:FBI raids alleged online drug market Silk Road, arrests o... by nullc on Wednesday October 02, 2013 @09:29PM (#6486565)
At the moment:

    "total_amount" : 11784364.79571183
Though some of that is lost forever, of course.
Re:FBI raids alleged online drug market Silk Road, arrests o... by leoedin on Friday October 04, 2013 @11:11AM (#6495780)
It's worth remembering that the "Revenue" number would count bitcoins twice if they were used in two transactions. If bitcoins used to buy something on the site were then used by the seller to buy something else, the revenue would be twice the total bitcoins used.