Stone,
February
4,
2014,
http://www.rollingstone
.com/culture/news/dead-end-on-
silk-road-internet-crime-kingpin-
ross-ulbrichts-big-fall-20140204.
117 He would fit in his work around trips to Bondi beach: RUTE GX
240C.
118 “the biggest and strongest willed character I had met”: RUTE GX
240B.
118 Variety Jones came up with a
clever idea: RUTE GX 226D.
119 vendors in at least eleven
countries:
Nicolas
Christin,
“Traveling the Silk Road: A
Measurement Analysis of a Large
Anonymous Online Marketplace,”
Working Paper, November 28,
2012.
120 An academic study of Silk Road: Ibid.
120 In March, that amounted to nearly
$90,000: RUTE GX 250.
121 In real life, DigitalInk’s name was
Jacob George: Ian Duncan, “Silk
Road Drug Dealer Pleads Guilty,”
Baltimore Sun, November 5, 2013, http://articles.baltimoresun.com/201311-05/news/bs-md-silk-road-plea-
20131105_1_drug-dealer-ross-
william-ulbricht-jacob-theodore-
george-iv.
CHAPTER 12
130 “He has not broken any rules and
silk road”: Sealed complaint
against Charlie Shrem filed by
IRS Special Agent Gary Alford,
January 24, 2014.
132 Federal Reserve had held a
daylong conference: Information
about the conference is available
at
http://www.kc.frb.org/publications/research/pscp/pscp-2012.cfm.
133 Canadian government announced
the launch: Emily Jackson, “Royal
Canadian Mint to Create Digital
Currency,” Toronto Star, April 11, 2012,
http://www.thestar.com/business/2012/04/11/royal_canadian_
mint_to_create_digital_currency.html.
CHAPTER 13
137 “it funds a decent percentage of the overall”: Sealed complaint
against Charlie Shrem filed by
IRS Special Agent Gary Alford,
January 24, 2014.
141 group agreed that the bylaws for the foundation would be posted on
GitHub: The bylaws are available
at https://github.com/pmlaw/The-
Bitcoin-Foundation-Legal-
Repo/tree/master/Bylaws.
CHAPTER 15
154 the company made $750 million
for its investors: Eric Markowitz,
“The $750 Million ‘Mistake,’”
Inc. ,
December
14,
2011,
http://www
.inc.com/articles/201112/argentine-
entrepreneur-750-million-mistake
.html.
158 the
Argentinian
government
ordered his company, PayPaclass="underline"
“Paypal
Suspends
Domestic
Transactions in Argentina,” BBC
News,
September
17,
2012,
http://www.bbc.com/news/technology-
19605499.
159 35 percent lower than the rate
available on the street: Historical
data on the two different exchange
rates
available
at
http://dolarblue.net/historico/.
160 the first-ever Bitcoin Meetup in Argentina: Information on the
meetups
is
available
at
http://www.meetup.com/bitcoin-
Argentina/.
CHAPTER 16
167 Some $1.2 million worth of
Bitcoin:
Nicolas
Christin,
“Traveling the Silk Road: A
Measurement Analysis of a Large
Anonymous Online Marketplace,”
Working Paper, November 28,
2012.
167 seventy thousand different topics on Silk Road’s forum: Eileen
Ormsby, Silk Road (Sydney: Pan Macmillan Australia, 2014).
168 His work on Silk Road was done at an Internet café around the
corner: Sealed complaint against
Ross Ulbricht filed by FBI Special
Agent
Christopher
Tarbell,
September 27, 2013.
168 Over the summer, a Silk Road
user had managed to follow a
series of transactions: Ormsby.
169 paying the attacker $25,000:
RUTE GX 250.
169 Ross explained that he was
changing
his
writing
style:
Ormsby.
169 In November, Ross flew to
Dominica: RUTE GX 291.
169 “put yourself in the shoes of a prosecutor”: RUTE GX 225B.
170 Ross decided to help nob sell his kilogram: Superseding indictment
against Ross Ulbricht filed by the
Grand Jury for the District of
Maryland, October 1, 2013.
171 Ross had always been somewhat
skepticaclass="underline" RUTE GX240B.
171 “beat up, then forced to send the Bitcoins
he
stole
back”:
Superseding indictment against
Ross Ulbricht filed by the Grand
Jury for the District of Maryland,
October 1, 2013. Ross has not yet
been tried on the charges in the
Maryland indictment and has not
been found guilty on any counts
related to murder.
CHAPTER 18
186 “PayPal
will
give
citizens
worldwide more”: Eric Jackson,
PayPal Wars (Washington, DC:
WND Books, 2004).
187 Thiel advocating for floating
structures: “Peter Thiel Offers
$100,000 in Matching Donations
to
TSI,
Makes
Grant
of
$250,000,” Sea-steading Institute,
February
10,
2010,
http://www.seasteading.
org/2010/02/peter-thiel-offers-
100000-matching-donations-tsi-
makes-grant-250000/.
187 aiming for the colonization of
Mars: Adam Mann, “Elon Musk
Wants to Build 80,000-Person
Mars Colony,” Wired, November
26,
2012,
http://www.wired.com/2012/11/elon-
musk-mars-colony/.
CHAPTER 19
190 In June 2012 the founders
announced: BFL (Butterfly Labs)
to BTCF, June 16, 2012.
190 a young Chinese immigrant in
New York, Yifu Guo, announced:
ngzhang to BTCF, September 17,
2012.
191 that power doubled again in just one month after Yifu’s machines:
Historical data on the hashing
power
available
at
https://blockchain.info/charts/hash-
rate.
195 “This is a dark day for Bitcoin”:
“Breaking: The Blockchain Has
Forked,” Bitcoin Trader, March 11,
2013,
http://www.thebitcointrader
.com/2013/03/breaking-
blockchain-has-forked.html.
196 “clarify the applicability of the regulations implementing”: The
FinCen guidance is available at
http://fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html.
CHAPTER 20
199 Martti Malmi posted an entry on his company’s website: Martti
Malmi, “SC5’er Intro: The Bitcoin
Guy,” SC5 website, February 5,
2013,
http://sc5.io/posts/sc5er-
intro-the-bitcoin-guy.
205 “As a VC, my interest in the
Bitcoin
ecosystem
is
not
ideological”: Jeremy Liew, “Why
VCs Love the Bitcoin Market,”
TechCrunch,
April
5,
2013,
http://techcrunch.com/2013/04/05/why-
do-vcs-care-about-bitcoin/.
206 The
BitInstant
engineers
congregated with their laptops:
The scene in the office was
captured in unreleased footage