Online Drug Bazaars Flourishing Regardless of Silk Road Closure
A large section of dopers is using internet to purchase recreational drugs, regardless of the closure of Silk Road previous year, says a new research. Silk Road was by far the most notorious online marketplace to sell and purchase illegal products, which also included a wide range of unauthorized narcotics. Last year, Federal Bureau of Investigation, in a raid, closed down its website and later quoted it as the "the most sophisticated and extensive criminal marketplace on the internet". Meanwhile, Silk Road's founder and operator Ross Ulbricht also received a lifetime in prison, a....
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A year has passed since the FBI shut down black marketplace Silk Road and arrested its alleged founder, Ross William Ulbricht. Much has happened in the bitcoin world since these events, yet the shadow of Silk Road still hangs over the industry. Twelve months later, it remains an influence on bitcoin's mainstream perception, the proposed regulation targeting the industry and the entrepreneurs and developers working in the space. Whether you believe Silk Road to be another speed bump on bitcoin's road to mass adoption or a black mark that could threaten its future, it is never far from the....
According to research done by the Digital Citizen’s Alliance, The shutdown of the Silk Road marketplace only temporarily reduced online drug sales. When the Silk Road was shutdown in October of 2013, it looked like a crushing blow against online drug-dealing. At the time, Silk Road accounted for more than 70% of the online drug market, giving users access to basically any illegal items, such ash drugs, weapons, and fake documents. Within months of the Silk Road’s closure, Silk Road 2.0 popped up and was subsequently busted. Two smaller sites — Evolution and Agora — then took up the slack....
Online drug sales, just like over-the-counter drug sales, have been on the rise for the past several years, worldwide. Law enforcement crackdowns like the closure of the "Silk Road" website found in the "Deep Web" or "Dark Net" in October of 2013 was supposed to curb this phenomenon. The latest information found by Australia's Sydney Morning Herald shows that sales have continued to explode unabated worldwide. Also, there is information showing that many new online drug-selling websites have not only replaced "Silk Road" online, but have grown far larger and more numerous in its place.....
Three years ago, New York Senator Chuck Schumer held a press conference to pressure federal law enforcement to crack down on Silk Road, the anonymous online drug market that had only just come to light. The crack down took eventually place in October 2013, and it's evident that it didn't do much good. Only a month after the Silk Road 1.0 bust, a new Silk Road 2.0 launched to replace the original site. Now there are around 30 copycat marketplaces, including Hydra, Pandora, Outlaw Market, Agora, 1776 Market Place, and Evolution, and most of them are doing a decent trade. Agora, now offers....
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....