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Silk Road 2.0 Pledges To Compensate Users For Stolen Bitcoins 84

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."
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Silk Road 2.0 Pledges To Compensate Users For Stolen Bitcoins

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  • by Anonymous Coward

    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 Anonymous Coward

      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.

      • Yea, not paying your employees is *always* a good idea in situations like this.

        Can ANYBODY else see how this might not be a good thing, nor is it a viable promise?

        • He didn't say they weren't accruing money. And if it's Bitcoins, well, their appreciation is driving many legitimate businesses to accept them out of pure speculation. Want $500 now or a Bitcoin next month?

          • Re: (Score:2, Funny)

            by Anonymous Coward

            Want $500 now or a Bitcoin next month?

            $500 now, thank you

            • Yea, the rent is due when the rent is due. And it's hard to eat IOU's for bitcoin.
              • by TheCarp ( 96830 )

                Of course but, if you really need financial stability, I don't recommend being in on the ground floor of a startup. It is unlikely anyone involved, at this point, is putting all their eggs in one basket, and they would be crazy to do so. High risk atmospheres are not for people who need steady and dependable.

                • by lennier ( 44736 )

                  Of course but, if you really need financial stability, I don't recommend being in on the ground floor of a startup.

                  Especially a completely illegal one based on experimental, buggy technology under ongoing cyberattack, selling products that ruin people's lives, are supplied by organised crime, and are actively targeted by high-level federal and international prosecutors with access to military espionage technology - and a complete dump of your predecessor's transaction databases.

                  There's high-risk, and then there's unethical high risk, and then there's completely stupid, unethical high risk, and then there's... whatever t

                  • by TheCarp ( 96830 )

                    Actually, I don't see anything the least bit unethical about selling drugs. Its the law that ruins lives and is unethical, and is the reason the drugs are supplied by organized crrime. Those international prosecutors created the problem. They put the market in the hands of organized crime, they made every situation they touched worst....and.... to top it all off, have failed to even budge the addiction rates....after trillions of dollars, millions of incarcerations, and international efforts.

                    And you call so

          • Considering Bitcoin is trading around $300 [] on at least one exchange, I'll take my $500 now, Alex.
        • by LF11 ( 18760 )
          "Internet Trolls Really Are Horrible People - Narcissistic, Machiavellian, psychopathic, and sadistic."

          Might want to get some counseling for that. Your trolling is obvious and your public display of anti-social mental traits is unbecoming.
  • By Buying them on MTGox

    but GOK when you'll see them ... i.e. never

    Stolen by the makes of SR2 IMO

    • When the Mt Gox collapse(s) didn't make it to /. I thought that the flood of bitcoin stories was over, but it seems that it was only the shills who were submitting the stories and only submitting positive stories.

  • In other news (Score:5, Insightful)

    by Chas ( 5144 ) on Tuesday February 18, 2014 @10:46AM (#46275361) Homepage Journal

    Silk Road 2.0 employees desert after they learn they are not getting paid.
    Several turn turn over information to law enforcement...

    • by tiny69 ( 34486 )
      In other news, Silk Road 2.0 is being run by the FBI...
  • 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.

  • If it looks like a scam, sounds like a scam, and takes money like a scam... It's probably a scam.
    • .... unless its a ponzi scheme, then the first ones to get in make a profit. Everyone else after you gets scammed.

  • 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.
  • 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

  • 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 back?

Money is better than poverty, if only for financial reasons.