Silk Road Prevented Criminal Violence
City A. M., London's first free daily business newspaper, reports that a study by researchers at the University of Manchester and the University of Montreal concluded that Silk Road prevented violence associated with the illegal drug trade and represented a breakthrough in criminal innovation. The study is open access and can be downloaded from the Social Science Research Network. The researchers found that many (between 31% and 45%) drug-related transactions on Silk Road were not business-to-consumer (B2C) but business-to-business (B2B), in other words, transactions between drug dealers.....
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A new study argues that online black marketplaces, such as the infamous Silk Road, can actually reduce the number of drug related-violent crimes. The researchers' argument is simple: online drug traffickers act more like wholesalers, and since online markets limit the scope of direct interaction between the traffickers - blurring or removing territorial boundaries, there is less of a chance for violent confrontation. The research was conducted by University of Lausanne criminologist David Décary-Hétu and University of Manchester law professor Judith Aldridge. Entitled "Not an 'Ebay for....
Here at CryptoCoinsNews we have been following the story of Ross Ulbricht, the alleged leader and criminal mastermind behind Bitcoin-dependent website Silk Road. The website was taken down by federal authorities in 2013, and Ulbricht arrested. The trial is set to begin this week, and the evidence against him has long since been released. Now, the actual charges and potential sentence are revealed, as he looks at life in prison for multiple counts and criminal offenses related to his alleged control of Silk Road. Also read: Judge Rejects Ross Ulbricht's Silk Road Defence On a Technicality.....
Face it: Many people who complain that bitcoin is just for criminals are thinking specifically of Silk Road, the "deep web" marketplace that uses Tor anonymizing tools to allow online purchases with bitcoins. The site sells various products, but most of them are pharmaceutical or recreational drugs. Talking to people who use bitcoin on Silk Road, though, reveals the site is likely not creating criminals. There's a fair amount of hassle and fiddling required to use Silk Road properly. Anecdotes and forum posts suggest that existing users who choose to buy certain, ahem, substances online....
Two years after the FBI shut down Silk Road, online drug markets are alive and growing, thanks to the Tor browser and virtual currency, reports US News & World Report. Darknet markets offer greater product reliability and less risk of violence than physical encounters with drug dealers. Darknets average $300,000 to $500,000 in sales per day according to one study. Johns Hopkins University computer science professor Matthew Green says Silk Road provided a proof of concept for darknet markets. He says it's an idea that someone doesn't think about until it happens. Some Silk Road successors....
The latest reincarnation of the deep web marketplace, in the form of Silk Road 3.0 is started by the people behind Crypto Market. Will they be able to live up to the expectations? Silk Road is reincarnated for the fourth time. The deep web marketplace is back online after its predecessors were forcibly shut down by the law enforcement agencies resulting in the creator’s arrest and incarceration. Silk Road used to be a network of trade routes traversing through the whole of Asian continent to connect with the Mediterranean Sea. It originally got its name for being the route taken by the....