Law in the Internet Society

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DanielShinerFirstEssay 3 - 04 Nov 2015 - Main.EbenMoglen
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 The Silk Road, a now defunct online black market using cryptographic tools to hide the identity of its operators and users, ran successfully for multiple years in flagrant violation of laws prohibiting the sale of certain controlled substances. It is estimated that $15 million in transactions were made through Silk Road annually. Despite the almost unlimited power and resources available to the United States government, they were almost entirely helpless to stop the transactions occurring through the marketplace. If it were not for mistakes made by the alleged founder of the marketplace, eventually exposing his identity to law enforcement, the marketplace could have remained operational. Although it was eventually shut down, multiple copycats have emerged to take its place.
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<		Also controversial, cryptocurrencies potentially allow for economic support of political activists and unpopular causes without fear of retribution. For example, in 2010, numerous financial institutions began blocking donations to WikiLeaks, reducing their revenue by 95%. WikiLeaks? quickly began allowing potential patrons to donate bitcoin anonymously, bypassing the barriers erected by financial intermediaries.
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>		Also controversial, cryptocurrencies potentially allow for economic support of political activists and unpopular causes without fear of retribution. For example, in 2010, numerous financial institutions began blocking donations to Trash.WikiLeaks, reducing their revenue by 95%. WikiLeaks? quickly began allowing potential patrons to donate bitcoin anonymously, bypassing the barriers erected by financial intermediaries.
 

Limitations and Dangers


Revision 3r3 - 04 Nov 2015 - 18:06:10 - EbenMoglen
Revision 2r2 - 03 Nov 2015 - 17:17:02 - DanielShiner
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