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Using Silk Road: game theory, economics, dope and anonymity

February 20, 2013

Using Silk Road: game theory, economics, dope and anonymity

The cypherpunk movement laid the ideological roots of Bitcoin and the online drug market Silk Road; balancing previous emphasis on cryptography, I emphasize the non-cryptographic market aspects of Silk Road which is rooted in cypherpunk economic reasoning, and give a fully detailed account of how a buyer might use market information to rationally buy, and finish by discussing strengths and weaknesses of Silk Road, and what future developments are predicted by cypherpunk ideas.

This article was commissioned by Bitcoin Weekly, which ultimately decided to not run it1; it is based on my experiences May-June 2011, and may be out-dated. Trust, but verify. Additional parts came from an essay, part of which was published by A Global Village.

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