By Yessi Bello Perez
It wasn’t all good news for bitcoin.
Following Silk Road creator Ross Ulbricht’s life sentence last week, it was not surprising to see how the debate around bitcoin’s use in illicit activities was reignited.
Forbes published a piece by Jason Bloomberg in which the author outlined the digital currency’s link to the Deep Web.
He wrote:
“Silk Road kingpin Ross Ulbricht’s recent conviction and life sentence was more than simply a crackdown on a massive online black market for illegal drugs. It was a nail in the coffin for the radical new cryptocurrency bitcoin, as bitcoin was the glue that held Silk Road together.”
Backtracking slightly, Bloomberg asked how significant the demise of Silk Road was for bitcoin, noting that this was part of an ongoing debate.
“Controversy, however, is nothing new for bitcoin. In fact, it seems the story of this digital currency consists of nothing but controversy,” he wrote, adding: “In fact, perhaps the greatest challenge for bitcoin is divining the technology’s true purpose. Early innovators often espoused radical Libertarian goals for revolutionising the banking system and with it, the world economy”.
Read the entire article at http://www.coindesk.com/bitcoin-headlines-bitlicense-wild-west/.
