Court actions against FedEx and Silk Road would have closed eBay
The closure of Silk Road, the seizure and disposal of the Bitcoin assets, and the ongoing criminal charges against Ross William Ulbricht, the alleged owner, is potentially hugely damaging to all legitimate online businesses. These actions are indicative of a frightening lack of understanding of the nature of a state and the powers that it is and isn't correct for a state to enforce. It has been claimed that Silk Road was used for trading illegal narcotics, so the U. S. government swooped, on Silk Road and Ulbricht. The Silk Road's alleged owner is now facing a staggering array of criminal....
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For the last two months, the lawyers for Ross Ulbricht have tried to shift the focus of the case onto the FBI, bringing into question the legality of their actions. How did the FBI obtain the information that brought down Silk Road and leads the current case again Ulbricht? Mr. Ulbricht is facing charges of drug trafficking, computer hacking, money laundering, and "continuing criminal enterprise." Ross Ulbricht, better know to many as the alleged DPR or the Dread Pirate Roberts, stands accused of creating a billion-dollar online black market known as Silk Road. Silk Road is a marketplace....
The Silk Road revolution will not be centralized. Photo via lakpuratravels. Ars Technica recently published an interview with the Dread Pirate Roberts of "Silk Road 2.0", and one of the main points DPR 2.0 made at the end of the interview was that this underground marketplace is a small part of an overall revolution in decentralization. I recently wrote about the ideas of decentralized marketplaces and how they could affect eBay and Amazon, but these marketplaces also play a role when it comes to advancing the philosophy behind Silk Road. It's just a matter of time before this new version....
US Secret Service special agent Shaun Bridges will plead guilty to charges of money laundering and wire fraud stemming from the government investigation into the illicit online black market Silk Road. Details first emerged of Bridges' alleged improper actions in March, when court documents revealed that Bridges had diverted $800,000 in digital currency to his personal bank accounts without authorization. Bridges was charged alongside Carl Mark Force IV, a Drug Enforcement Administration (DEA) agent also working on the case. Notice of the agreement was filed in the US District Court....
U.S. District Court in Baltimore, Md. sentenced a Utah man whose faked murder helped law enforcement put an end to the Silk Road Marketplace, according to The Baltimore Sun. The court sentenced Curtis Clark Green, a senior administrator for the Silk Road website, to time served — two days — and four years of supervised release for his role in running the site. Green, 50 was awaiting sentencing after pleading guilty to one count of conspiracy to distribute and possession with intent to distribute cocaine. Green’s attorney, Scott Williams, said Silk Road owner Ross Ulbricht took advantage of....
On the heels of Ross Ulbricht’s official Silk Road court case, it seems like the site is back online and more powerful than ever. The Silk Road returned under the title, “Silk Road Reloaded,” and claims to be even more private than its TOR predecessor. Utilizing an alternative network, called the Invisible Internet Project (I2P), the Silk Road Reloaded can only be accessed by downloading special software. In order to access the new Silk Road, interested parties need to download I2P software. The website URL is silkroadreloaded.i2p, but standard internet browsers will realize that the site....