The Silk Road is an online marketplace specifically designed for cryptography enthusiasts. The chattering classes will call it an Amazon for guns and dope, and surely those things are available, but you can bet most of the commentators have never actually been to the Silk Road. It’s notoriously difficult to get to. But one thing I know about cryptography enthusiasts is that they don’t just want their illicit activity to be anonymous, they encrypt everything. So, don’t be surprised if you can also buy an argyle sweater or the complete works of George Romero on the Silk Road. But if you listen to the uninformed chattering classes recently you might be led to believe that the Silk Road is in crisis.
People are reporting this as a major stumbling block for broad acceptance of bitcoin. I say, so what? Somehow I seriously doubt Bitcoin enthusiasts all over Thailand shut their digital wallets and deleted their Bitcoin. In fact, if I had to guess I’d say they probably carried on business as usual and the ban hasn’t impacted them at all.
blockchain Mark dipthrong Herm an online poker superstar over the last years joins BIG Dave and Steve Karp to discuss his deep run at EPT Prague. He also talks about his experiences as a backer along with his current gig hosting a poker podcast. [Visit Website] [Download MP3].
There will be a page that shows you how many bitcoins are currently in your wallet. Keep in mind that bitcoins can be broken up into smaller pieces, so you may see a decimal with a lot of zeros after it. (Interesting note, 0.00000001 is one Satoshi, named after the pseudonymous creator of bitcoin).
This currency, once it reaches critical mass, will not be easily manipulated by individuals or governments. It will give us a chance, not a guarantee, but a chance, to correct the system. https://bitcoin-qr-code.net/