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Bitcoin Used For the Narcotics Trade

An anonymous reader writes "A story on Aljazeera tells how bitcoin is being used to pay for cocaine, marijuana and other drugs at various eBay style drug websites. From the article: 'Two US senators are asking federal authorities to crack down on an online narcotics market that accepts "virtual" currency. The "Dark Web," an anonymous and secretive online community that trades in heroin, cocaine and methamphetamines among other drugs, has been operating unhindered for months.' Who said bitcoin is not used in the real world?"

4 of 535 comments (clear)

  1. Great. by fuzzyfuzzyfungus · · Score: 5, Funny

    I, for one, do not want to have to explain to some thugtastic DEA jackboots that "hash-based currency" can be acquired by legitimately doing a bunch of math, as well as by other means...

  2. Hash Based by jeremiahstanley · · Score: 5, Funny

    Nothing like using a hash to score some hash.

  3. Re:It's not just Bitcoin. by corbettw · · Score: 3, Funny

    Great, now we have to ban baseball cards to protect our kids!

    --
    God invented whiskey so the Irish would not rule the world.
  4. Re:It's not just Bitcoin. by JinjaontheNile · · Score: 1, Funny

    Fox News? Sounds a little too much like The Republicans to me. I don't have any interest in listening to what a bunch of terrorist sympathizing talking heads have to say.