Want to read Slashdot from your mobile device? Point it at m.slashdot.org and keep reading!

 



Forgot your password?
typodupeerror
Slashdot Deals: Prep for the CompTIA A+ certification exam. Save 95% on the CompTIA IT Certification Bundle ×
Bitcoin

Submission + - Bitcoin-Based Drug Market Silk Road Thriving With $22 Million In Annual Sales->

Sparrowvsrevolution writes: Every day or so of the last six months, Carnegie Mellon computer security professor Nicolas Christin has crawled and scraped Silk Road, the Tor- and Bitcoin-based underground online market for illegal drug sales.

Now Christin has released a paper on his findings, which show that the site's business is booming: its number of sellers, who offer everything from cocaine to ecstasy, has jumped from around 300 in February to more than 550. Its total sales now add up to around $1.9 million a month. And its operators generate more than $6,000 a day in commissions for themselves, compared with around $2,500 in February.

Most surprising, perhaps, is that buyers rate the sellers on the site as relatively trustworthy, despite the fact that no real identities are used. Close to 98% of ratings on the site are positive.

Link to Original Source
This discussion was created for logged-in users only, but now has been archived. No new comments can be posted.

Bitcoin-Based Drug Market Silk Road Thriving With $22 Million In Annual Sales

Comments Filter:

The confusion of a staff member is measured by the length of his memos. -- New York Times, Jan. 20, 1981

Working...