sheep marketplace shut down,btc stolen

MrEDuck

MrEDuck

Well-Known Member
When I saw the recent surge in btc prices I predicted that this would happen. Ultimately marketplaces will get big enough where just running with the money makes sense, just like vendors do.
 
MrEDuck

MrEDuck

Well-Known Member
Stealing $200M in drug money seems like a really painful way to commit suicide.
I'll admit I didn't follow it too closely but I thought that it was the sheep admins who had run off with the cash.
 
racerboy71

racerboy71

bud bootlegger
MrEDuck said:
Stealing $200M in drug money seems like a really painful way to commit suicide.
I'll admit I didn't follow it too closely but I thought that it was the sheep admins who had run off with the cash.
Click to expand...
sounds like it, the sheep, was hacked, no?
 
racerboy71

racerboy71

bud bootlegger
MrEDuck said:
Stealing $200M in drug money seems like a really painful way to commit suicide.
I'll admit I didn't follow it too closely but I thought that it was the sheep admins who had run off with the cash.
Click to expand...
and i loved the one quote by the sheep reloaded2 guy.. he stole from the wrong guy, i'd follow him through hell and out the other side to track him... dude sounds like he's on it, lol.. :D
 
CCCmints

CCCmints

Well-Known Member
ok so people are tracking the wallets trying to identify which ones belong to the hacker, but how does is this an identity risk for him? note i'm really not educated on this topic but i thought the whole point of bitcoin is that it is anonymous...i'm assuming when he actually cashes out that is how he could potentially be identified? but how? i'm confused..
 
MrEDuck

MrEDuck

Well-Known Member
It's anonymous to a point. You can trace where every coin goes and the dude has about 1% of all btc so tumbling the coins is going to be exceedingly difficult, especially since people are tracking dude as he's doing it.
 
tylerrrrr

tylerrrrr

Well-Known Member
Every transaction with a bitcoin is kept on a "ledger" called a block chain. While you can see where the coins are, you don't know who they belong too.

Because there is no central authority or server for bitcoin, each client is a peer node on the network and maintains a record of all transactions. The blockchain is that record. (It gets more complicated, but this is an important function of the chain.)
Click to expand...
 
rory420420

rory420420

Well-Known Member
So he owns 1% of everyones investment...this is not helping me sleep,and I have no way of finding anyone with my money being shady, helping otherwise..dammit,guess ill really have to go back to chem class...
 
technical dan

technical dan

Active Member
he has control over a whole shit ton of coins.....1% of all the btcs that exist I think there is a fixed number of btc 21million total. All those coins he took were around and being used for transactions and such in sheep.
 
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