The Underground Online Revolution: Online Black Markets and the Bitcoin

Those you buy discount books on Amazon or buy cheap surfboards on eBay, except that you can choose to "order" marijuana, acid, fake passport and license, hacking service, and perhaps a person My friend, similar to the Silk Road, has a captain. He uses the alias "Dread Pirate Roberts" and earns a commission of $ 80 million, but one of the most notorious online black market operators, nearly 1 million customers have sold $ 1.2 billion I recorded it.

I was introduced for the first time to Bitcoin and 'Silk Road' in early 2012 (an online black market well-known for the sale of illegal forbidden items). Back then, I saw Bitcoin as a rough internet fund, and as an attractive and truly horrible online market. If I first introduced Bitcoin is irrelevant to any illegal activity, I think that there is a possibility to grasp the technology and its potential use more quickly. Unfortunately, I can not see the Black Market Association until the middle of 2015. Around this time, I was doing some online shopping and realized that my favorite merchant accepted Bitcoin's payment. To save wire transfer fee by $ 25, I decided to try a bit coin. I found out how to obtain Bitcoin and payment merchant by searching Google and applying the patch.

Block chain revolution (Part 1): Introduction of the possibilities of bit coins, block chains, and dispersion ledger technologies

The synonym Silkroad is called "darknet" and you can purchase all illegal things online using bit coins. However, the Silk Road was closed in October 2013. There are still some examples of bit coins for illegal use, but today most bit coin owners do not use them for these purposes. Today, many families and friends live all over the world, remittances to the ocean are inefficient and in many cases are very expensive. When asking who wants to remit money from home, how much will it cost Western Union's remittance or some of the major remittance operators, you will be surprised to learn the amount lost by remittance.