Is DarkMarket The Next Silk Road? [Video]

technology

New decentralized site has been created that even the FBI couldn't touch.

Ross Brooks
  • 25 april 2014

At group of Bitcoin black market enthusiasts might have come up with an online trade-free zone that even the FBI can’t touch. The proof-of-concept is called DarkMarket, and was enough to take first place at a Toronto Bitcoin hackathon earlier this month, which included a $20,000 prize.

The peer-to-peer system has no central authority, which would mean that if law enforcement agencies want to do something about the online marketplace, they would have to track down each and every buyer or seller individually. As reported by Wired, Amir Taaki, one of DarkMarket’s creators and the founder of the anarchist group Unsystem, said:

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