It’s been just over a month since Silk Road got seized and Ross Ulbricht, allegedly the site’s founder Dread Pirate Roberts, was arrested. A new Silk Road market has opened up, 24 hours after a false start which saw administration try to get things going at the poetic time of 4:20 pm GMT on 5th November . But is it truly the phoenix of Silk Road, a honeypot or an ingenious con?
Few people imagined that the closure of the largest illicit drugs market in the world would stop people from wanting to procure narcotics. In fact many predicted it would set off the so-called ‘Hydra effect’ – cut off the head and five more spring up in its place. And that’s pretty much what happened.