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Emotional Ross Ulbricht: “I’m Sorry for Silk Road” And Making Bitcoin Adoption Harder

Emotional Ross Ulbricht: “I’m Sorry for Silk Road” And Making Bitcoin Adoption Harder



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32 Comments

  1. The part of this story that I heard was most wild to me was the FBI agents involved in catching him ended up stealing some of the Silk Road’s Bitcoin for themselves.

    They were caught and sentenced too.

    Not sure if that’s true but I recall reading it years ago

  2. He made an entire black market for anything and everything. Pissed every government off because they were not invited to the party and didn’t get their fair share. So like all governments they muscle you out.

  3. Once upon a time Bitcoin was predominantly used for drugs. Drugs help raised Bitcoin from infancy. I’m not saying it was a good thing, it’s typical for folks to want to rewrite history but I won’t forget where Bitcoin got its wings.

  4. I think a lot of people will argue that without the silk road, there wouldn’t be nearly the same amount of exposure for BTC as there is now. The silk road at least have BTC a use case, albeit sketchy, and helped prove its legitimacy of moving value around the internet.

    At least now BTC has moved on from that phase, and is seeing institutional interest.

  5. tldr; Ross Ulbricht, the founder of the now-defunct dark web marketplace Silk Road, has been sentenced to two life sentences without parole plus 40 years in prison for operating an online marketplace that facilitated the sale of narcotics and other illegal materials. He was warned not to speak at the Bitcoin conference as it would “ruin what little chances [he] have with the courts.”{}

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  6. Crack dealer: “I’m sorry for accepting USD and for the damage i have done to the US currency.”

    I suppose perception is often if not usually irrational but the “BTC is the currency of crime” argument is such nonsense.

  7. I feel like the same thing would’ve happened anyway. If not him then somebody else would’ve seized the opportunity. There’s more than just Silk Road and we all know bad things still exist because they always have always will. The only way to detach the stigma from crypto is to continue creating and finding ways to use it for legitimate and ethical reasons.

  8. Holy shit this is the first time he’s spoken out publicly since he got arrested. Damn!! I had an order on SR when it got shut down. $100 zip of mids hahahaha. Free Ross.

  9. Sounds like he really wants to get out of jail.

    I don’t blame him though. If he *didn’t* do the murder for hire stuff (who knows), then he should be pardoned.

    ^Legalize ^all ^drugs.

  10. Everything else aside, if he really hired a Hitman he belongs in jail.
    About the silk road thing I am open minded in regards to his punishment. I actually think he served enough.

  11. It’s a double sided sword, because without Silk Road people wouldn’t have spent their Bitcoin on anything, but it also caused the stereotype of crypto and drugs

  12. uhh, id argue you did the complete opposite dude. Silk road’s golden age was neck and neck with btc price increasing, we weren’t using it for anything else.

What do you think?

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