Chapter
The Rise of the Silk Road
18:33 - 22:21 (03:48)
Ross Ulbricht's girlfriend at the time revealed his obsession to develop the Silk Road, an online darknet market, and how he spent most of his time programming the business model. Ulbricht had previously tried to sell books on an online store called Good Wagon but had faced little success, and he hoped to apply economic theory to abolish mankind's use of coercion and aggression.
Clips
The transcript discusses the creation of Silk Road, an online black market, by a man named Ross Ulbricht.
18:33 - 20:43 (02:09)
Summary
The transcript discusses the creation of Silk Road, an online black market, by a man named Ross Ulbricht. The website allowed users to purchase items anonymously, ultimately leading to his capture and life sentence in prison.
ChapterThe Rise of the Silk Road
EpisodeThe Story of Black Market Kingpin Ross Ulbricht + Sam Does an AMA
PodcastMy First Million
Ross Ulbricht believed that economic theory could be used to abolish coercion and aggression among mankind.
20:43 - 22:21 (01:38)
Summary
Ross Ulbricht believed that economic theory could be used to abolish coercion and aggression among mankind. His online marketplace, Silk Road, was mainly used by people buying small amounts of weed rather than big drug dealers.