Can Cryptocurrencies Escape From Under the Silk Road’s Dark Web Legacy?

Friends, Silk Road’s origins date back to 2011, some two years after the birth of Bitcoin. Operating as an underground exchange hidden within the dark web, it was largely known as a marketplace for illicit products and services (e.g. contraband and narcotics). As we fast forward to 2018 Bitcoin and other cryptocurrencies are known to be used for legitimate as well as shady business transactions which buyers and sellers want to keep out of sight from sovereign governments, intelligence entities and public corporations. Potential examples – suspected although not fully verified – may include the illegal exchange of weapons of war and biological agents as well as the vast arena of drug transactions (e.g. Russia, Iran, North Korea, Afghanistan, and related cartels). So why does this matter? Bottom line: If Bitcoin, Litecoin, Ethereum and other cryptocurrencies are to become accepted mainstream vehicles for global trade and commerce they will need to shed their dark sides. Is this possible? Share your thoughts with the Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com) See you soon, Lawrence