Bitcoin Used For the Narcotics Trade

Posted by samzenpus on Monday June 6, 2011 @03:53AM from the this-is-your-brain-on-virtual-currency dept.

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?"

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It's not just Bitcoin. by FooAtWFU · 2011-06-06 03:57 · Score: 3, Interesting

Most of these alternative-currencies (Bitcoin, e-gold, etc) find themselves on the shady side of things pretty quickly - especially money-laundering and the like. This is not at all surprising, really.

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The World Wide Web is dying. Soon, we shall have only the Internet.
1. Re:It's not just Bitcoin. by babblefrog · 2011-06-06 05:22 · Score: 4, Interesting
  
  But are there more messed up families due to drugs than there are due to drug prohibition? I doubt it.