Anonymity has long been one of the big allures of the space. However, it has also given birth to many malicious entities on the network who indulge in “unlawful activities,” including the exchange of “illegal content.” The invention of the first decentralized currency, Bitcoin, raised many questions initially, especially after its wide use in illegal activities.
Silk Road was the first online darknet marketplace which allowed people to anonymously purchase and sell anything on its platform. The main idea behind Silk Road was to lower violent crime and ensure safety, while also ensuring that the buyer got exactly what ordered. However, law enforcement agencies soon nabbed Founder Ross Ulbricht, who is currently serving two life sentences plus forty years in prison after what the community called a “sham trial.”
Following the trial, many notable personalities in the space have voiced their dissent. Additionally, a petition urging U.S. President Donald Trump to pardon Ulbricht received more than 173,019 signatures from across the world, at press time. The efforts to free Ross Ulbricht have gained significant momentum since his arrest. Peter McCormack, the famous Bitcoin podcaster, in his recent tweet, said,
The Silk Road was the best thing to happen to the drug industry.
It’s closure was a failure of rational thinking.
Prohibition doesn’t work, it leads to more crime, more harm and unnecessary deaths. #FreeRoss
— Peter McCormack (@PeterMcCormack) June 10, 2019
McCormack’s tweet is a reflection of the significant majority in the cryptocurrency ecosystem who are of the opinion that regulating movement of users on the infamous “darknet web” to purchase drugs online will only fuel more harm, than do good to the society. According to proponents of the space,” curbing freedom” will only lead to rise in the abuse of drugs.
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