An old-fashioned, in-depth article on the rise and fall of Silk Road by Mike Powers, published by Granta Magazine is a must read for anyone with interest in Bitcoin. Powers also wrote a follow up piece on life after Silk Road for The Guardian. On another note, 30,000 Bitcoins seized by FBI as part of the Silk Road bust were auctioned and bought by Tim Draper, a partner with Draper Fisher Jurvetson, a venture capital partnership based in San Francisco Bay Area.
3 thoughts on “After Silk Road”
Comments are closed.
I don’t understand that why Bitcoin is still declared as a legal way of online exchange even when everyone knows that it is widely used as an anonymous crypto currency for such kind of illegal trading over the web. Silk Road is a trending example of that.
Is Alpha really asking that question? How much “illegal trading” does he or she think is conducted everyday using the dollar? Shall we make it illegal too?
Michael, do you think you can buy a candy from a supermarket with that bitcoin? Let me think. Mmmm…. No!