When federal agents brought down the Silk Road platform, many people in the Bitcoin space hoped that using this disruptive digital currency for drug trafficking would slowly come to an end. Unfortunately, it turns out that is not the case; online drugs sales are still on the rise and pseudonymous and anonymous payment, such as Bitcoin, are still very popular in that market.
Silk Road Shut Down
Silk Road will always remain a bit of a black page in the Bitcoin history books. While the idea of an open and free peer-to-peer marketplace sounds great, there is always someone trying to use it for nefarious activities. Or, in the case of Silk Road, it became mainly used for illegal activities such as drug trafficking and other goods and services that shouldn’t see the light of day.