Dark Net's Top Selling Drug Dealer Is Making $1.5 Million This Year
Patrick O'Neill writes: Behind a wall of anonymity, an American business is selling $1.5 million in medical marijuana products on the Dark Net this year, according to an analysis of publicly available market records. Occupying the top selling spot on the biggest black market around, Medibuds, as the business brands itself, is the biggest business on the Dark Net. The operation ships dozens of deals a day and has endured for three years, outlasting hundreds of markets and competitors.
You know, if you're a supporter of the darknet and the drug marketplace contained within, please stop publishing this shit. Yes, the marijuana laws need to be reformed. Yes, it's only weed. But it's still a crime in most of the world and now with this kind of exposure, you've just put a gigantic red X on some poor bastard's back. DPR thought he could taunt the feds, they got him. I'm sure Medibuds doesn't need the exposure.
The article is rather vague, but a business making $1.5millions in revenue, especially in the grey-drug market, should not be bringing much profit...
in all 50 states, and federally, and for recreational use too. like alcohol = anyone over 18 or 21 can buy it, take it home and smoke it or eat it in the privacy of their own home, but NO DRIVING while stoned, no smoking in public places, legal to grow 6 plants to maturity regardless of size of weight,
the US Govt needs to admit the war on marijuana is impractical and oppressive to far too many people that are otherwise law abiding and peaceful people
Politics is Treachery, Religion is Brainwashing
Dark Net's not doing too well.
More than that, what I can't imagine people trusting is that there aren't feds on that site happy for the free busts. I know the *money* is supposedly untraceable, but even if that's true, a physical product is being sold, and the seller knows exactly where it's being delivered to. That just seems like a recipe for possible disaster. I know there are reviews, but... reviews can be faked, or names can be taken over. I'd have to be pretty desperate for illegal substances to trust a system like that. No thanks.
I was reading about the Silk Road trial the other day and I was sort of amazed that people would trust sites like this. What is stopping them from running away with all the money stashed in the escrow accounts? Wasn't one of the benefits of bitcoin supposed to be smart contracts? Why aren't smart contracts replacing escrow accounts on these sites?
In spite of everything I still believe that people are really good at heart.
I know the *money* is supposedly untraceable
Would people stop saying this? It's not a feature baked into BitCoin. I'll repeat myself: BitCoin is not inherently anonymous.
Actual anonymity with a digital currency requires you to avoid spending it anywhere it could ever be linked to your physical person in any possible manner. You also need to acquire it with the same caveats.
What is stopping them from running away with all the money stashed in the escrow accounts?
Perhaps, in large part, because repeat customers are better business than people you just scammed?
Sorry, meant to reply to OP, not nbauman.
You don't even have to be all hush-hush about it. Stuff is all over the news. They busted one lousy warehouse in the Bay Area a few days ago. Estimated value: $15 million. Even if that figure is inflated, it's one grow-op in a warehouse that got careless and/or greedy and didn't hide the smell properly, and didn't have a plausible explanation for their electrical usage. There have to be a bazillion that don't get caught.
For all intensive purposes, "whom" is no longer a word. That begs the question, "who cares"?
Truth well spoken my friend.
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Obama has a fantastic opportunity to make it happen but sadly he seems to think it would define his presidency,
Sadly, he seems to think that would be a bad idea. Literally the only downside is the flood of "negro marijuana HAR HAR HAR" bullshit you would see for eternity. The up side is that it would be about the only really positive thing he did during his entire tenure. It's got to be full legalization though, no medical bullshit, and we know that ain't going to happen overnight. It would be an awesome outgoing fuck you to the government, but that's also not going to happen, even though there is a tradition of those. Even the Bush administration left a fuck you to the GOP... they admitted that climate change was real on their way out the door. Although, more cynicism will see that as part of the script, just a way to look like less of a devil after abusing the principle all along.
"You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
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In spite of everything I still believe that people are really good at heart.
Regardless of whether you agree with drugs being criminalized, the fact remains that they are, and so anyone you're involved with who's making money out of illegal drugs is a criminal. Criminals are not good at heart, however much people here like to romanticise drug dealers as Robin Hood characters.
To have a right to do a thing is not at all the same as to be right in doing it
If only there weren't that damned anonymity then these drug dealers couldn't hide !
Really?
Let me refer you to nation of Mexico, post-NAFTA pre internet. An all-but-failed-state where entire swaths of the cnoutry aren't even under the control of the central government but are in effect narco-states.
Nothing to do with anonymity, everyone knows who they are, and everything to do with the larger but more boring issue of a globally equitable distribution of opportunity, decent wages and working conditions- all things we now know NAFTA blew all to hell .
Economic justice is the foundational justice upon which all others are built. This is exactly what King John had to sign the Magna Carta- because the lords and thanes were sick of living with no hope for lasting economic justice- property rights, a right to accumulate to yourself a measure of economic security that can't be just confiscated by the King,.
Ditto FDRs four basic rights-
1 right to freedom of thought and speech,
2 right to freedom of religion,
3 right to freedom from fear
4. freedom from want- economic security.
Human physiology is what breeds drug addiction- that is demand from drugs. it's just a chink in the evolutionary armour which otherwise protects us against Stuff That Will Kill Us,
But economic injustice is what breeds narco states.
And encryption breeds neither of those things.
In spite of everything I still believe that people are really good at heart.
Regardless of whether you agree with drugs being criminalized, the fact remains that they are, and so anyone you're involved with who's making money out of illegal drugs is a criminal. Criminals are not good at heart, however much people here like to romanticise drug dealers as Robin Hood characters.
Tobacco kills 400,000 Americans every year. Illegal drugs kill less than 40,000. Cannabis kills virtually no one.
Do you think it's acceptable to sell tobacco (that kills 400,000 people) but not illegal drugs (that kill 40,000 people)? Or the illegal drug cannabis, which kills no one?
I prefer the criminals who sell cannabis to the legal killers who sell tobacco.