Anonymity is one of the most significant advantages of digital currencies. However, criminals have been capitalizing on this feature of cryptocurrencies to facilitate their unlawful activities. In fact, many people questioned the usefulness of Bitcoin after it emerged that criminals were using to fund illegal; operations.
The infamous Silk Road was the first online marketplace in the dark web that allowed users to transact anonymously using Bitcoin. The creators of Silk Road envisaged a platform that would regulate crime and increase the safety of transactions while making surest ha the buyer gets the ordered item. However, authorities arrested its founder, Ross Ulbricht, and had him convicted for life after what many people considered to as a bogus trial.
As expected, many prominent personalities in the crypto space have strongly disagreed with the sentencing of Ulbricht. Crypto enthusiasts have also showed their support for the Silk Road founder by garnering over 173,000 signatures for a petition requesting US President Donald Trump to pardon Ulbricht. This number continues to grow by the day.
The latest celebrity to join the Free Ross bandwagon is popular Bitcoin podcaster, Peter McCormack. He tweeted that the Silk Road was the best thing to happen to the drug industry. He went to say that the authorities were not rational when they decided to close down the marketplace. His tweet concluded by saying that prohibition is ineffective and that it only increases crime, as well as injuries and deaths.
The Silk Road was the best thing to happen to the drug industry.
It’s closure was a failure of rational thinking.
Prohibition doesn’t work, it leads to more crime, more harm and unnecessary deaths. #FreeRoss
— Peter McCormack (@PeterMcCormack) June 10, 2019
The sentiments aired by McCormack are a reflection of the opinion of the majority of crypto hobbyists. Most of the participants in the crypto space believe that shutting down Silk Road to control the sale of drugs will only cause more harm than good. In summary, they are certain that curbing the distribution of drugs increase the rates of drug abuse.