Is DarkMarket The Next Silk Road? [Video]


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:

Access this article for free
Fill in your email below and you'll gain access to this article while also receiving a number of membership features as part of a special 30-day trial.
*Already a member? Log in here

Learn About Our Membership Services

Need Research Help?
As a member you can ask us any research questions and get complimentary research assistance with a 4-day turnaround. Reports inclde stats, quotes, and best-inclass examples on research topics.
Remain Informed & Strategic
We publish several trends reports each month. By becoming a member you will have access to over 100 existing reports, plus a growing catalog of deep topical analysis and debrief-style reports so you always remain in the know.
See Trends Come To Life
Meet your peers and immerse yourself in monthly trend and innovation webinars and discounted conferences.
No search results found.