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OpenBazaar, Born of an Effort To Build the Next Silk Road, Raises $1 Million

Posted by timothy on from the please-leave-your-comments-for-the-fbi-below dept.

Patrick O'Neill writes: After the fall of Silk Road, Amir Taaki built DarkMarket in an effort to offer a decentralized and "untouchable" market alternative. That's grown into OpenBazaar, a "censorship-resistant" protocol that just raised $1 million from venture capital firms Union Square Ventures and Andreessen Horowitz, as well as angel investor William Mougayar through the company OB1, which will now do core development on the software.

10 of 107 comments (clear)

  1. Untouchable? by gstoddart · · Score: 3, Interesting

    You keep using that word. I do not think it means what you think it means.

    Because the players here fight dirty.

    --
    Lost at C:>. Found at C.
    1. Re:Untouchable? by Anonymous Coward · · Score: 5, Funny

      Do you think you're special enough that you can use a monospace font? Get back in the short bus!

    2. Re:Untouchable? by Stuarticus · · Score: 3, Funny

      I'm going to guess that you think you are super smart and you don't work for the government. Am I close?

      --
      If you think someone isn't free to have a different definition of "freedom" you may be a tyrant.
    3. Re:Untouchable? by tehcyder · · Score: 3, Funny

      I was going to place him as a maverick private investigator who had to quit the force after hitting a superior officer/refusing to lie to protect a corrupt colleague, and is now a divorced loner with a drink problem and a fondness for some obscure type of music. The police come to him when a particularly difficult crime has them baffled, probably involving a locked room, the solution to which requires a couple of puns, and a working knowledge of Ancient Sumerian.

      --
      To have a right to do a thing is not at all the same as to be right in doing it
  2. Re:I predict by Canth7 · · Score: 3, Insightful

    It'll probably be about as a well received by authorities as PGP was back in the 1990s. Doesn't mean that it's not an important evolution of the way that ecommerce could work.

  3. Re:Straight to jail... by binarylarry · · Score: 3, Funny

    The stupid feds will never figure this one out! - Dread Pirate Roberts

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    Mod me down, my New Earth Global Warmingist friends!
  4. Re:Unpossible by ArcadeMan · · Score: 3, Insightful

    Except it will stop working when the people end-to-end never convert the cryptocurrencies into regular fiat currency.

    --
    Get free satoshi (Bitcoin) and Dogecoins
  5. Re:Straight to jail... by Crashmarik · · Score: 3, Insightful

    Fed3: Job Security (high five)

  6. Re:Unpossible by Archangel+Michael · · Score: 4, Informative

    I am not a dumbass. I speak for those that don't know certain things are even possible. Those that use SilkRoad /OpenBazzare probably already know about these things, or at least should. Your Grandma doesn't.

    Yes, you can (and should) use a new wallet every transaction, by default.

    Yes, you can wash your currency between transfers to new wallets, and probably should do that too.

    You and I are both well versed in these things, but most people are not.

    --
    Agent K: A *person* is smart. People are dumb, stupid, panicky animals, and you know it.
  7. Re:Can't win by anagama · · Score: 4, Insightful

    Come to Washington. All the pot sold in the legal recreational marijuana shops is grown here. Smoke all you want, no Mexican kingpin was enriched, and no innocent person shot.

    The ONLY reason there is violence associated with the manufacture and distribution of pot in other places, is because it is illegal. That leaves the market only to criminals, and criminals use violence as part of their business plan. When was the last time the CEOs of Coors and Budweiser got in a shoot out with each other?

    The problem with drug gangs could be eliminated immediately by legalizing drugs.

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    What changed under Obama? Nothing Good