You may recall that in May I wrote a post about what Bitcoins could buy you in the criminal underground, appropriately titled "What Bitcoins can buy you in the criminal underground."
In that post I mention Silk Road - a site that is pretty much an illicit drug bazaar. To follow up on that, I'd like to draw attention to a new study that has come out, authored by Nicolas Christin, which details the revenue made by the site, and other usage statistics - including a very high satisfaction rate with the transactions.
The study can be found here:
Traveling the Silk Road: A measurement analysis of a large anonymous online marketplace
H/T to Forbes: Black Market Drug Site 'Silk Road' Booming: $22 Million In Annual Sales
In that post I mention Silk Road - a site that is pretty much an illicit drug bazaar. To follow up on that, I'd like to draw attention to a new study that has come out, authored by Nicolas Christin, which details the revenue made by the site, and other usage statistics - including a very high satisfaction rate with the transactions.
The study can be found here:
Traveling the Silk Road: A measurement analysis of a large anonymous online marketplace
H/T to Forbes: Black Market Drug Site 'Silk Road' Booming: $22 Million In Annual Sales
