'Silk Road 2.0' Launches/bitcoin $260+

[dicksi]

'Silk Road 2.0' Launches, Promising A Resurrected Black Market For The Dark Web

The Silk Road is dead. But the dark web dream lives on.

On Wednesday morning, Silk Road 2.0 came online, promising a new and slightly improved version of the anonymous black market for drugs and other contraband that the Department of Justice shut down just over a month before. Like the old Silk Road, which until its closure served as the Web’s most popular bazaar for anonymous narcotics sales, the new site uses the anonymity tool Tor and the cryptocurrency Bitcoin to protect the identity of its users. As of Wednesday morning, it already sported close to 500 drug listings, ranging from marijuana to ecstasy to cocaine. It’s even being administered by a new manager using the handle the Dread Pirate Roberts, the same pseudonym adopted by the previous owner and manager of the Silk Road, allegedly the 29-year-old Ross Ulbricht arrested by the FBI in San Francisco on October 2nd.

The Silk Road sequel experienced some hiccups coming online–it had planned to launch at 4:20pm on November 5th, a significant time and date for an anarchic drug site. But that launch was delayed for 24 hours, and even now the new Silk Road 2.0 isn’t fully operational–its administrators say they’re still gauging the site’s traffic load before they start accepting orders later this week.

When it does resume sales, the new Silk Road may not have an easy time convincing users to resume their black market business as usual. The previous Silk Road is only one of three anonymous black market sites to shut down in the last six weeks. First the administrators of the competing site Atlantis abruptly announced it would be going offline for “security” reasons, absconding with all the bitcoins that users had stored in their Atlantis accounts. Then last week, the Silk Road alternative site Project Black Flag similarly disappeared, and its administrator MettaDPR posted a message on its user forum admitting that he or she had “panicked” and stolen the site’s bitcoins.

A third site, the older Silk Road competitor Black Market Reloaded, also experienced a temporary crisis earlier in October when an administrator leaked the site’s source code onto the web. Black Market Reloaded’s owner known as Backopy initially said he would shut down the site as a result, but then changed his mind when the leak turned out not to expose any obvious vulnerabilities endangering user privacy.

“I for one do not trust the new [silk Road],” wrote one user on the site’s forums. “I just get an eerie feeling from the whole idea of it, right now i will steer clear…only time will tell, i want to dive head first into it, but i want to see it play out for a little bit before i slap down another 500 bucks, an investment i made the day before [silk Road] was closed.”

Many more of Silk Road’s users seem reassured, however, by the fact that Silk Road 2.0 is being managed in part by known administrators from the original Silk Road, particularly a moderator known as Libertas who has served as one of the more vocal leaders of the Silk Road community since Ulbricht, the alleged Dread Pirate Roberts, was arrested.

The only significant visible change from the last Silk Road, spotted by the dark-web-focused site AllThingsVice that first published the site’s new url, is a new security feature that allows users to use their PGP encryption key as an extra authentication measure. It also has a new login page, parodying the seizure notice posted by the Department of Justice on the prior Silk Road’s homepage, with the notice “This Hidden Site Has Been Seized” replaced by the sentence “This Hidden Site Has Risen Again.”

'Silk Road 2.0' Launches, Promising A Resurrected Black Market For The Dark Web - Forbes

in other news bitcoin rises $260+

[dicksi]

The silk road moderators / admins were arrested

The resurrection of the popular Silk Road drug website known as “Silk Road 2.0? has been online for less than two months. But law enforcement already seems to be closing its net.

Three alleged former Silk Road employees, including the two Silk Road 2.0 moderators, have now been indicted on drug, hacking, and money laundering charges.

Another Day, another dark net shitstorm started today as some woman claiming to be the Girlfriend of a “Silk road Administrator / Mod” posted on reddit that her boyfriend just got arrested today:

"Guys I was arrested yesterday and out on bond now. But something is fucked! I know I’m risking more warning you guys and my attorney doesn’t even want me on the internet but you guys need to know this. When I was in the interview room they showed me all sorts of shit that they should not know or have access to including conversations I’ve had with buyers and even [the Silk Road 2.0 administrator known as the Dread Pirate Roberts]. I don’t fucking understand.. and when I was in there I was at a loss for words. Something is definitely wrong and they have the ability to see things on here only mods or admins should like [bitcoin] transfers and a dispute I had."

http://www.forbes.com/sites/andygreenberg/2013/12/20/at-least-two-moderators-of-the-silk-road-2-0-drug-site-forums-arrested/

Edited December 21, 2013 by dicksi