silk road wound through dark side of the internet
Last Updated : GMT 19:01:47
Arab Today, arab today
Arab Today, arab today

Silk Road wound through dark side of the Internet

Arab Today, arab today

Arab Today, arab today Silk Road wound through dark side of the Internet

San Francisco - AFP

There is a dark side to the Internet, and it can be used for evil as well as for good. A massive online bazaar hawking narcotics, weapons, forgeries, and other illicit items or services operated openly for years by relying on tools designed to safeguard privacy or foster a new world of Internet commerce. Underground website Silk Road was seized by US authorities this week and its accused mastermind Ross William Ulbricht is to appear in federal court in San Francisco on Friday to determine whether he should remain in custody while the criminal case against him proceeds. \"Every technology has almost immediately been used to do bad things,\" said Alex Stamos, chief technology officer at Artemis Internet, which specializes in online security. \"People are going to do illegal stuff, but it turns out that it is really tough to run an eBay for drugs and not get caught.\" Silk Road thrived on the principle that assurances of anonymity would free sellers and buyers to engage in transactions barred by law or frowned upon by society. To accomplish this, Silk Road combined a Tor network for being invisible online with Bitcoin digital currency that can be as difficult to trace as cash trading hands in a dark alley. \"Part of the reason for the site\'s longevity is that it was hosted as a hidden service on the Tor network,\" Trend Micro security threat researcher Robert McArdle explained in a blog post. Free Tor software lets people wrap data such as messages, website visits, or online transactions in layers of protection including encryption and then bounce it about machines in a worldwide peer-to-peer network to cover trails. Each machine along the way only peels back a slight layer; enough to send the data to its next point in a journey Tor community members volunteer their computers to provide relay points and the resulting network makes it a challenge to trace Internet activities. \"Tor is not only used for criminal and dubious purposes, but is also commonly used by those who wish to have a sense of anonymity online or who live in countries where access to the Internet is restricted,\" McArdle said. Encrypting data and obscuring online identities has been highlighted by a scandal about US spy agencies snooping on the Internet in the name of fighting terrorism. \"It is very difficult to be anonymous on the Internet,\" Stamos said. \"You basically have to be perfect. You screw up once and you are doing something illegal, and you are toast.\" Along with giving buyers and sellers promises that none would know who they are in the real world, Silk Road required deals to be consummated with Bitcoins, an Internet Age version of cash. The four-year old currency is increasingly used to make payments in online transactions. Bitcoins are created or exchanged using complex software protocols that have resulted in them being referred to as \"cryptocurrency.\" While cash tends to be paper or metal, Bitcoins are snippets of code given value by scarcity and the faith that they can be traded for goods or services online. Owners tuck the digital currency away in Bitcoin \"wallets,\" programs that safeguard the valuable code and allow it to be exchanged with other Bitcoin wallets. There are a variety of \"wallets\" ranging from digital pouches tailored for smartphones to \"vaults\" hosted on secure servers online and backed up to prevent loss. Bitcoin owners have private software \"keys\" needed to spend the digital currency, and transactions are publicly logged in what is called a \"block chain\" to help ensure the integrity of the process. \"It is not actually anonymous; it is pseudo-anonymous,\" Stamos said of using Bitcoins. \"Every transaction is publicly viewable.\" Silk Road tadded \"Bitcoin Tumbler\" software that jumbled data to make it even harder to determine which wallets digital currency came from. The FBI reportedly confiscated approximately $3.6 million worth of Bitcoins from Silk Road. While investigators did not release details regarding the seizure, they could do so by getting hold of devices or servers containing the Bitcoins or by breaking into wallets, which are typically password protected. Ulbricht was arrested while using a laptop at a San Francisco library on Tuesday, and if he was logged into his account FBI agents could have gotten easy access to his stash of Bitcoins. \"People who do Bitcoins now, almost always crypto-geeks, get ripped off all the time and there is no way to undo a transaction,\" Stamos said. \"It\'s a world where everyone keeps loads of cash and the only way to have Bitcoins is to be very well armed to protect them.\" There is an estimated $1.5 billion in bitcoins on the market and the digital currency can be transferred directly between smartphones or any other type of computers, raising concerns by regulators it will be used for criminal or terrorist activities.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

silk road wound through dark side of the internet silk road wound through dark side of the internet

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

silk road wound through dark side of the internet silk road wound through dark side of the internet

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today PNG police start removing refugees

GMT 03:00 2017 Friday ,24 November

PNG police start removing refugees
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria congress to go ahead

GMT 02:24 2017 Friday ,24 November

Syria congress to go ahead
Arab Today, arab today IS media offline for a day

GMT 02:10 2017 Friday ,24 November

IS media offline for a day
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today British woman jailed in Iran to appear

GMT 03:19 2017 Friday ,24 November

British woman jailed in Iran to appear
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mitsubishi Materials units falsified product

GMT 03:24 2017 Friday ,24 November

Mitsubishi Materials units falsified product
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Solaf happy for participating in “Hotline”

GMT 07:56 2017 Wednesday ,22 November

Solaf happy for participating in “Hotline”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 09:12 2017 Thursday ,23 November

4 in 10 cancers due to modifiable risk

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday