Dread Pirate Roberts Goes On Trial

If you want to visit Silk Road 2.0 then you will want to know that it was shut down by the feds on 5th November 2014 and the alleged operator “Defcon” has been arrested. The best alternative is Agora Marketplace, it actually has more listings than Silk Road 2.0. Silk Road 3.0 is ALREADY live and there will be more info about it here soon.

>> Click here to find the best alternative: Agora Marketplace. <<

Ross Ulbricht When he graduated from Pennsylvania State University in 2008, Ross William Ulbricht lost his divine interest in physics and chemicals and decided to engage in libertarianism; an economic theory promoting the abolishment of coercion and aggression among people. That is why he decided to create an economic simulation with the intention of giving people first-hand experience of what the world would be without complete use of force.

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Ross Ulbricht alias Dread Pirate Roberts (a character in The Princess Bride) is the alleged owner and manager of an anonymous narcotics marketplace that has recently caught every headline – the Silk Road. It was fully encrypted as well as completely anonymous thanks to Bitcoin, which is impossible to crack and the main reason why the concept managed to stand beyond any government regulation – until in October 2013 when the Silk Road alleged kingpin was arrested. Bitcoin has since been put under scrutiny as the peer-to-peer anonymous currency that was used to promote criminal activity on Ulbricht’s site.

Since its inception in 2011, the Silk Road is said to have generated close to $1.2billion in annual sales. Before its closure, the Dread Pirate received $80million in commission just by running the site. He was later arrested following accusations on money laundering, conspiracy to traffic fraudulent IDs, narcotics trafficking and computer hacking, with a maximum sentence of up to life imprisonment. The most serious accusation among all these is taking part in “continuing criminal enterprise” also known as “the kingpin status”– a charge mostly reserved for top members of organized gangs including mafia bosses.

With the trial set to begin on 13 January in a New York courtroom, the verdict could turn out to be a legal landmark as many are eager to see how online crimes are investigated and punished. If Ross is actually found guilty, this could see online retailers such as eBay remain to be responsible for every item sold by its users. It could also lead to a shift of the paradigm where webmasters will be held responsible for any content shared over their pages by the vast network of internet users. Ross would become the first person in history to be sentenced in a court of law for crimes committed by other users of his website.

Ross Ulbricht on CourtRoss being sentenced based on the actions of Silk Road users would “put a chill on the internet”, this is according to Ulbricht’s mother Lyn who has taken the initiative of protesting against all charges directed to her son by fronting the “Free Ross” campaign that has so far raised donations worth $335,000. The parents together with 25 family members managed to raise a million dollars but the sitting Juge Katherine Forrest refused to grant bail and Ulbricht has since been held in Brooklyn jail.

Fortunately for Ross, the murder-for-hire allegations where it is alleged he paid undercover officers bitcoins totalling up to $500,000 to kill his enemies are not included in the original indictment but instead listed as surplusage (not formal charges) due to lack of evidence and therefore require no proof. January 13, 2015 is the date set for the commencement of the Silk Road trial.

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