Law and Order
The alleged creator and owner of now-defunct online drug emporium the Silk Road, Russ Ulbricht, has been indicted by a Manhattan federal court.
Known by his cool guy nickname Dread Pirate Roberts, Mr. Ulbricht was arrested in his hometown of San Francisco on Oct. 1 last year pursuant to a criminal complaint filed in Manhattan federal court.
The Bitcoin magnate who was arrested at JFK earlier this week on charges of money laundering has resigned from his vice chairmanship of the Bitcoin Foundation.
Charlie Shrem, 24, was arrested on charges that he supplied Bitcoins to people purchasing drugs online using the Silk Road. Many speculate that he used his now defunct Read More
It's All About the Bitcoins
Video circulating of a Tesla that caught on fire is making investors worried about the safety of its lithium-ion batteries. [Business Insider]
Sure, the Silk Road is blocked, but that doesn’t mean the Dark Web is going anywhere. [The Verge]
Turns out Tom Clancy could be pretty prescient. [Time]
“Ultimately The Circle is just Read More
It's the Cops!
Guess you potheads are gonna have to score the old-fashioned way for a while. The feds have just arrested one Ross William Ulbricht, and they say he’s the ”Dread Pirate Roberts,” the owner of the Silk Road. He’s been indicted in New York on a whole mess of charges. Betabeat has the complaint, and Mr. Ulbricht is in Read More
Here’s a life hack: Maybe don’t talk about your dope smoking on social media? Teens are apparently yammering about their Silk Road purchases on Tumblr, but even that’s not as bad as the Canadian man who tried using Twitter to order up some weed, as though it were Seamless for drugs.
City News Toronto reports:
Things aren’t going so great over at the Silk Road. Where are nerds going to order their Molly now?! [Telegraph]
Now any old rando can shell out for promoted tweets. Please, please let’s not start using this to promote resumes. [Ad Week]
Craigslist can no longer spook startups like Padmapper with threats of prosecution for copyright infringement: A judge has ruled the company has no such ownership of its users’ listings. [Forbes]
“When he woke up, he found that Path had gone on a rogue mission early in the morning, texting and robocalling an unknown number of his contacts, including his grandparents.” [The Verge]
Apparently authors still bother getting pissed at bloggers. [Daily Dot]
It's the Cops!
There are now 150 million Snapchats sent every day. Very few of them are sent by people older than 30. [Business Insider]
Facebook is testing ads in your Graph Search, but so far they’re not based on your searches. (So you won’t get an eHarmony ad when you search “ex-girlfriends who I still love.”) [TechCrunch]
The founder of the Silk Road–who goes by the name “Dread Pirate Roberts”–isn’t too worried about Bitcoin booms and busts. “Bitcoin’s foundation, its algorithms and network, don’t change with the exchange rate.” [Forbes]
The New York Times won a Pulitzer for investigating Apple’s business practices. [Pulitzer]
Meanwhile, Funny or Die has released iSteve, its very own movie about Steve Jobs. [Funny or Die]
Law and Order
Talk about a dubious distinction: Wired reports that an Australian man named Paul Leslie Howard is now the first to be convicted of a crime involving Silk Road, the Mos Eisley of the Internet. Mr. Howard copped to importing hard drugs using the site, and he now faces as many as 25 years in prison.
But does this signal a coming crackdown?
Fun With Bitcoins
Australian authorities have put supposedly anonymized users surfing Silk Road for weed and other sundries on notice: the coppers are one step ahead of you. A joint press release published by the Australian Federal Police (AFP) and Australian Customs and Border Protection Service on Wednesday may serve as notice to anyone who is happily booting TOR and using the miracle of the Internet to score weapons-grade kush:
No publicity is bad publicity: Silk Road, the illicit online marketplace that came to light after Gawker’s Adrian Chen announced you could buy any drug imaginable there with Bitcoins, has been booming after increased awareness due to a rash of alarmist press coverage.
Drugs! Anonymous currencies! Hackers! Our children! But gradually Silk Road, and to a lesser degree Bitcoin, faded from the stage, largely because most people couldn’t understand how to use them. Silk Road can only be accessed using the anonymous network Tor, and you should probably know a thing or two about encryption before you buy anything.