05 Oct '13, 9pm

Why You Can't Blame Bitcoin for Silk Road Shadiness

Why You Can't Blame Bitcoin for Silk Road Shadiness

The man alleged to be "Dread Pirate Roberts," the founder and operator of the Silk Road—an online marketplace where bitcoins were traded for a range of goods and services, including drugs—was arrested by the FBI in San Francisco Wednesday . The criminal complaint , released today, provides many details about how the site and its users relied on widespread anonymity technology, including Tor and Bitcoin. The increased attention on this technology is a good reminder about how important it is not to blame these tools for the actions of a small portion of their users. The public wouldn't tolerate a campaign to malign the car because of its utility as a getaway vehicle for bank robbers; we must apply the same critical thinking to essential privacy-preserving technology. In certain parts of the complaint, even the federal agent behind the investigation and the Justice Department...

Full article: http://gizmodo.com/why-you-cant-blame-bitcoin-for-silk-ro...

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Photo: Tomohiro Ohsumi/Bloomberg via Getty Images Two years ago, Democratic Senators Charles Schumer and Joe Manchin sent ...

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Photo: Tomohiro Ohsumi/Bloomberg via Getty Images Two years ago, Democratic Senators Charles Schumer and Joe Manchin sent ...

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In this way, the $1.2-billion spent in Bitcoins on Silk Road is really telling us something. Clearly the appetite -- or ma...

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huffingtonpost.ca 09 Oct '13, 6pm

In this way, the $1.2-billion spent in Bitcoins on Silk Road is really telling us something. Clearly the appetite -- or ma...

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There is no doubt that the media attention surrounding the shutdown of Silk Road , an anonymous online marketplace for ill...