14 Aug '13, 4pm

Meet The Dread Pirate Roberts, The Man Behind

Meet The Dread Pirate Roberts, The Man Behind

Anyone can download and run Tor, exchange some dollars or euros for the digital currency Bitcoin and go shopping on Silk Road for drugs that are vacuum-sealed and discreetly mailed via the U.S. Postal Service, right under the federal government’s nose. By the measure of Carnegie Mellon researcher Nicolas Christin, Roberts’ eBay-like service was grossing $1.2 million a month in the first half of 2012. Since then the site has doubled its product listings, and revenue now hits an annual run-rate of $30 million to $45 million by FORBES’ estimate. One analysis of the Tor network performed by a student at Dublin’s Trinity College found that Silk Road received around 60,000 visits a day, mostly users seeking to buy or sell drugs, along with other illicit items including unregulated cigarettes and forged documents. Silk Road takes a commission on all of its sales, starting at 10% ...

Full article: http://www.forbes.com/sites/andygreenberg/2013/08/14/meet...

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