Silk road’s affect on Bitcoin

Silk road’s affect on Bitcoin

As of yesterday Silk Road, the popular black-market website, has been shut down by the FBI. This market is the largest single website that uses Bitcoin and many are worried that with its’ shutdown Bitcoin will lose much of its power. Many people believe that Bitcoin is the perfect trading idea for illegal things online and it’s very hard to trace. After learning in class more about Bitcoin  and Silk Road what do you believe the effects will be on the market as a whole? Also, do you believe that the use of Bitcoins should be taken away from those that have used the popular Silk Road website?


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