SILK ROAD: Outside The Law
By Ashtam Singh
Wonder if you can buy all types of Drugs on Internet anonymously without even knowing to the police. Yes, it was possible till 2013 until US and European Government seized the website called “Silk Road”. It is a type of online black market and the First modern darknet market best Known for its drugs selling. This website deals in stimulants, psychedelics, prescription, precursors, opioids, ecstasy, dissociatives, cannabis and steroids/PEDs(types of drugs). This site also includes services like child pornography, stolen credit cards, assassinations, weapons of any kind, and fake Driver’s licenses. Silk Road also have legal type of stuff like, apparel, art, books, cigarettes, erotica, jewelry, and writing services. Silk Road had 10,000 products for sale by vendors, in which 70% were drugs.
From sources, an estimation about $15 million in transactions were made annually on silk road (between 3 February 2012 to 24 July 2012). The transactions between buyers and sellers were made through Bitcoins (BTC), a cryptocurrency that creates anonymity in transactions. FBI gained a system image of the Silk Road server collected on 23 July 2013, and this image noted that from February 6, 2011, to July 2013 there were approx. 1,229,465 transactions were completed on the site. When total revenue generated from these sales was about 9,519,664 Bitcoins(about $1.2 billion) and the profit gained by the Silk Road was about 614,305 Bitcoins(about $79.8 million). These Transactions involved 146,946 buyers and 3,877 vendors.
What do you think about Silk Road ?How does it harm our Society ?
Just comment below your views.
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