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Silk Road Shut Down
http://news.yahoo.com/fbi-raids-alleged-online-drug-market-silk-road-153729457.html VIDEO: http://screen.yahoo.com/fbi-takes-down-billion-dollar-141125284-cbs.html
The Silk Road is Shut Down! Here’s what you need to know! Today is Friday, October 4th 2013. 1 ounce of silver is 22 dollars. 1 Bitcoin is 125 dollars. Peace News Now is brought to you by Bitcoin from friends of http://WeUseCoins.com . Get started using bitcoin at http://WeUseCoins.com
Government agents have shut down the Silk Road. The website was a first-of-its-kind, online anonymous black market for goods and services, such as fake id’s, and recreational drugs.
The FBI arrested the website’s alleged owner, Ross William Ulbricht, age 29, known online as “Dread Pirate Roberts,” on Tuesday in San Francisco. A bail hearing has been set for friday. His lawyer at the moment is a public defender named Brandon LeBlanc. A pack of Lawyers Prosecuting on behalf of the Federal Government are coming after Ross with 3 charges: conspiracy to traffic narcotics, conspiracy to hack a computer, and conspiracy to launder money. He isn’t been charged with doing these things himself, but rather with providing people a safe place to make illegal transactions online. The site operated in secret from San Francisco. It was in operation since 2011 and at the time of its closing it hosted several thousand merchants. They were able to anonymously trade their goods and services with more than 900,000 registered users in exchange for bitcoin.
In their complaint, government agents note Ross’ libertarian economic philosophy, and that he followed Liberty On Tour and often posted videos from the Ludwig von Mises Institutue, an institute famous for its Austrian Economic study. The government agents also claim that someone threatened to expose the identities of thousands of the site’s users to police, and that Ross requested a hitman to kill the person making that threat.
Armed agents raided Ross’ servers and seized 3 and a half million dollars worth of bitcoin, which was used instead of cash or credit cards to complete transactions on Silk Road. They did this by taking control of the digital "wallets" Silk Road used to store bitcoin, but they don’t have access to the bitcoins he had already stored away somewhere safely.
The charges allege the Silk Road facilitated more than 9.5 million bitcoin in trades. That’s roughly $1.2 billion dollars in volume over the course of the two years the site was active.
Nearly a million users were already using the site, and now thanks to this story, millions more will be waiting for the next imitation. How can you benefit from this knowledge in the time in between now and the next Silk Road? One way is to learn how to use bitcoin, a new currency that’s becoming the default currency of the internet. Go to http://WeUseCoins.com to get started.
This story brought to you by friends of http://Blockchain.info -- Download the free bitcoin wallet at http://Blockchain.info
Jeffrey Tucker offers his thoughts, quote, “The Silk Road was shut down yesterday, thereby destroying a peaceful way for buyers and sellers to serve each other instead of having to risk their lives in turf wars and massive danger. It was a place of peace. No one was ever hurt. The government -- supposedly shut down -- smashed it. So what about government is shut down? Passport offices, monuments, gov websites, other things that people actually use. What does this prove? It proves that the state is the enemy of all that is socially beneficial, good, productive, and that instead of serving us, it has targeted all of us as the enemy. It's time we realize this. Everyone needs to realize this. The state is not your friend in any of its manifestations. Does it need to be shut down? Yes, but REALLY shut down. If it really shut down, the Silk Road would be operating right now.
Jeffrey Tucker makes a great point. Has the government really shut down, or is it still business as usual in Washington? They require You to give them your tax money in return for essential services. But what about when they’re shut down and no longer providing services? Yup, you’ve still got to pay then, too. So what exactly are you paying for? The “War on Drugs” continues despite a majority of Americans opposing it. American soldiers at the infamous Guantanamo Detention Camp in Cuba continue to force-feed prisoners who have not been charged with a crime.
Martin Luther King, Jr. said that "If a law is unjust, a man is not only right to disobey it, he is obligated to do so." What do you think about the Silk Road and bitcoin? If the government stops providing services, should you get your tax money back? Share your thoughts on our facebook page. And for more content like this, subscribe to Peace News Now on Youtube.
Peace News Now is on the Next News Network and is brought to you by friends of http://WeUseCoins.com and http://SunsOfLibertyMint.com . Share this episode with your friends, and if you enjoyed it, send some bitcoin to http://Donate.PeaceNewsNow.com/. I’m Derrick J, reminding you that Peace is the way!
