World Market

That's what happened with World Market , that has been among the first – or even the very first – dark market on the web.
Developed by Ross Ulbricht, it was an electronic digital marketplace that connected vendors of illegal drugs with potential buyers. Vendors would advertise their wares on listings maintained by World Market , that has been similar to the kinds of listings you could find on any legitimate e-commerce marketplace.
When someone decided to get drugs via the internet site, they often wouldn't want to send money directly to that person. Drug peddling isn't exactly a trustworthy business, and everyone who advertised and purchased using World Market was anonymous. This might have made it quite simple for crooks to make off with customers'money without sending any goods in return. To resolve this problem, World Market provided an escrow service.
Customers buying drugs from vendors who listed on World Market would send their funds to World Market , rather than the vendor. The internet site would then hold these funds before customer confirmed that they'd received what they had ordered. Then, World Market would release the funds to the vendor.
The funds were always submitted bitcoin as opposed to fiat currency because when used correctly, the network can offer a great degree of anonymity. The drugs were normally sent by the Postal Service, either to PO boxes or, in the case of less paranoid customers, directly to their address.
One of many first issues that alerted law enforcement to the operation of World Market was a spike in the degree of drugs being intercepted in the mail. World Market wasn't a decentralized marketplace, though. It ran on a pc controlled by Ulbricht. It had been protected, though, since it ran on Tor, which really is a communications protocol designed to provide anonymity to those who use it.
Originally developed by the U.S. Navy, Tor has recognition those types of wanting to protect their identities online. The FBI eventually arrested Ulbricht by piecing together clues that they gathered from various places beyond your Tor network. Now, though, a lot more dark markets have sprung up, a lot of them dealing in drugs.


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