proceeded=preceded Interesting error, eh?
On Sat, Mar 1, 2014 at 1:39 AM, Terry Blanton <[email protected]> wrote: > I doubt any exchanges were involved in Silk Road assets. The > advantage of VCs is that you can make transactions between individuals > without any bank or exchange involved. Silk Road held their assets in > their own wallet. When busted by the FBI, it took that agency several > days to access the wallet information. > > Besides, it was the bust of Silk Road which proceeded the huge rise in > BC values, IIRC. > > The loss at MtGox was likely the result of something called "forking", > the duplication of internal wallets of clients. Once the wallets > existed in duality, the controlling entity of the cloned wallet was > able to move the funds to other locations. It's like keeping two sets > of books, one for the IRS and one for your records.
