You can read
up on The Silk Road here, but to condense it: it's an
anonymous marketplace that makes it possible for a buyer and
seller, usually of drugs (but a number of other things for sale),
to protect their identities and safely arrange an online
transaction. It's an Amazon/eBay hybrid that specializes in
Unfortunately the even-tempered and privacy-obsessed attitude that goes into buying drugs online runs directly counter to social media's siren song of "Share! Share! Share!" But why would you confess to buying drugs online? You'd have to be pretty stupid, right?
You have to be a little tech-savvy, slightly aware of how privacy works, and very discreet in order to successfully complete a Silk Road purchase. Transactions are made using an untraceable digital currency called Bitcoin and users will often communicate with each other using PGP encryption. Furthermore, the entire storefront operates on the Tor network, a layer of the Internet that remains invisible to more popular browsers like Chrome and Firefox.
It bears repeating that this is an exception to the rule. An overwhelming majority of Silk Road users are discreet and competent. They aren't the type of people who would post pictures of their stash. That's just the Internet's version of a showboating street thug who needs to remind everyone how cool he is.
Careless users could be the very undoing of Silk Road. By tweeting first and not even stopping to ask questions later, they give away details about themselves, the illegal substance they possess, and, in some instances, details about the vendors that sell the item. Not a happy situation for either party.
This is an excellent reminder about the human element of security. You can encrypt communications, you can delete records, you can change passwords. All these things matter and they go a long way towards protecting your identity. B ut you can't really undo a Facebook post that your mom sees.
The Daily Dot points to several examples of teenagers tweeting pictures of their LSD purchases, asking on Tumblr if it's safe to order drugs to a certain city, even posting a picture of your latest DMT score right next to a picture of your face. Some might even be so thoughtful as to include the #silkroad hashtag.
A minority of Silk Road customers are going social media-happy, bragging online about their latest illegal drug acquisitions, reports The Daily Dot.
This is insane. Many of these people have their real names attached to their posts. Perhaps they tweet about their jobs or something identifying about where they live. If you want to turn your social media accounts into crime scenes, someone will figure out who you are.
The Silk Road storefront Screenshot
Analysis: What 2019 Could Bring for Bitcoin
Trading in altcoins was a big part of what made Bitcoin price spike towards the end of 2017. A section of the crypto space argues that while altcoins helped Bitcoin’s market cap swell, they also bro
Bitcoin Cash Going Down as Stellar Warms up
Bitcoin Cash’s market cap has been cut in half since the Nov. 15 hardfork which birthed the Bitcoin ABC and Bitcoin SV chains. Now at a mere $3.5 bln and a unit price of ~$201 as at the time of writ
300k User Data from Chinese Auto Finance Platform Sold For One Bitcoin on Dark Web
It is revealed that 300,000 pieces of user data from a Chinese auto finance platform Jiurong were compromised and priced at one bitcoin on the dark web.
According to the leaked data posted, persona
Heyday of Bitcoin Mining Rigs Business at China’s Huaqiangbei is Over Amid Crypto Market Carnage
Bitcoin price slumped to a 13-month low of about $4,300 on Wednesday, making mining the world’s leading digital currency an unprofitable business. A lot of mall miners, mining rigs dealers and minin
Dialogue with Bitcoin Evangelist in Latin America: RSK Labs CEO Diego on Crypto Industry
Diego Gutierrez is the CEO at Koibanx and president of Bitcoin Argentina NGO. In addition, Diego also serves as the CEO of Rootstock/RSK Labs, a smart contract platform built on top of bitcoin.
China’s Bitcoin Billionaire Zhao Dong : Bitcoin Price to Hit $50,000 in Three Years—Now Is the Time to Buy the Dip
Despite Bitcoin’s latest crash and a real chance that its price will go much lower, Zhao Dong, prominent Chinese OTC trader and founder of Dfund, remains bullish on the the world’s biggest cryptoc
Bitcoin Miners Sold by Kilo in China Amid Cryptocurrency Crash
The leading cryptocurrency bitcoin once fell below $4,300 on the afternoon of November 20 – down more than 17% on a 24-hour basis and hitting a 13-month low since October 2017. Great losses are seen
Xiao Lei: 3 Main Reasons of the “Unreasonable” Bitcoin Price Crash
Cryptocurrency markets experienced a havoc in the past few days. Bitcoin, the uncrowned king in the crypto world, has fell as much as 30% over the past two weeks, while other major tokens are all suff