Silk Road 2.0 Now Larger Than Silk Road Ever Was
from the strike-down-one-arm-and... dept
That's not to say Silk Road 2.0 is going to stick around -- there are plenty of reasons to think it won't. But, in some ways, you wonder if this is a kind of Napster moment all over again. After the original got shut down, a series of replacements all came about vying to take its place, leading to some interesting innovations -- even if those who wanted to shut down the original decried how awful and illegal each new version was.
This effect was likely boosted by sensible policies at Silk Road. Most significantly, soon after February’s hack, the site’s operators announced that they would pay back bitcoins lost by customers.
Silk Road’s moderator Defcon said at the time: “We are committed to getting everyone repaid even if it takes a year.”
In anonymous drugs marketplaces, as in any market, confidence is key, it seems.