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Evolution Market's Admins Are Gone, Along With $12M In Bitcoin

tsu doh nimh writes: The Evolution Market, an online black market that sells everything contraband — from marijuana, heroin and ecstasy to stolen identities and malicious hacking services — appears to have vanished in the last 24 hours with little warning. Much to the chagrin of countless merchants hawking their wares in the underground market, the curators of the project have reportedly absconded with the community's bitcoins — a stash that some Evolution merchants reckon is worth more than USD $12 million.

3 of 254 comments (clear)

  1. Re:Free market will sort it out by gl4ss · · Score: 5, Informative

    it's free as in you have no rules.

    it's non-free as in you have no freedom to publish your identity nor does the other party publish his, so no trust relations can be created based on long term reputation.

    and well, free market will sort itself out, they figured out that running with the money was better business. maybe it was, maybe not, just another company strategy.

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    world was created 5 seconds before this post as it is.
  2. Acceptable risk by Anonymous Coward · · Score: 5, Informative

    None of the people who actually use the black markets are surprised. It's a gamble; 9/10 times I get military grade shit, 1/10 i lose money. To me it's acceptable. Nobody points a gun at my head on the Internets, only a bunch of dickheads at Slashdot that think we are all gullible. Clueless...

  3. Re:Free market will sort it out by ultranova · · Score: 5, Informative

    I have to point out that if the government wasn't fighting the drug trade they would be free to openly sell the risk.

    If the government wasn't fighting some drugs the users would simply buy them from their local booze store with little if any risk to anyone.

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    Forget magic. Any technology distinguishable from divine power is insufficiently advanced.