Maryland Indictment Says Silk Road Founder Tried To Arrange Murder of Employee
Robotron23 writes "Further charges have been made against Silk Road founder Ross William Ulbricht, aka 'Dread Pirate Roberts'. Yesterday saw the shutdown of Silk Road, a website Ulbricht founded which specialized in the sale of illegal items such as recreational drugs. As well as paying for a hit on a forum member, Ulbricht later requested an undercover agent murder an arrested employee of Silk Road, terming it 'the right move.' Upon receiving staged photos of torture and eventually the corpse, Ulbricht paid in full."
People who think they've invented a better society are the nastiest sort. The biggest problem is that they're stupid - they create a simplistic, inadequate set of rules to live by. Whether they're underground libertards (as here), staunch conservatives or flag-waving Leninists, they soon find that their utopia isn't quite working out the way they planned.
And then they start killing people.
It appears that SR was a tiny part of the BTC economy. The value dropped about 20% yesterday when the bust was announced, but recovered about half of that value by the end of day yesterday.
In other words, they broke the law. Usually in drug buy stings they claim that they never lost control of the drugs so it was OK. In this case, they sold something that was illegal and it was completely out of their control for a period of time.