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Showing posts with label Ross Ulbricht. Show all posts
Showing posts with label Ross Ulbricht. Show all posts

Bringing Down the Bitcoin Bandits

By Carl Weiss
Courtesy of Flickr


For more than a thousand years, the route known as the Silk Road was the major source of trade that connected East and West.  Delivering everything from Chinese silk to spices and precious gems, this trade route used everything from camels to wooden boats to create a web of commerce that covered the known world.  Two millennia later, this concept was reborn online in a web portal of the same name.  The chief difference is that while the digital Silk Road did indeed concern itself with connecting a worldwide web of virtual traders, these entrepreneurs did not deal in frankincense and myrrh, but in a cornucopia of contraband that openly advertised everything from cannabis to cocaine and firearms to forgeries.