Senators target Internet narcotics

"By cracking down on the website immediately, we can help stop these drugs from flooding our streets."
As if they aren't flooding the streets already.We have to keep up our War on Drugs-trafficker's income depends on it.

They're trying to take down the Silk Road? Good luck with that.

They're trying to take down the Silk Road? Good luck with that.

Indeed, TOR'd to the gills, and a possibly untraceble payment system.

How could a payment system be 'untraceable'? Surely there are banks involved, wire transfers etc. Personally, I hope they don't get caught!

How could a payment system be 'untraceable'? Surely there are banks involved, wire transfers etc. Personally, I hope they don't get caught!

No doubt the NSA would have the will and the means to do it.

Legalize drugs to destroy all these cartels. Remember the prohibition era?
Regards.

How could a payment system be 'untraceable'? Surely there are banks involved, wire transfers etc. Personally, I hope they don't get caught!

It uses the Bitcoin system. It's a completely anonymous, digital currency. It has no ties to banks or real-world money.

NYC and West VA- this site must be taking business away from crack peddlers and moonshiners. The mob made a few phone calls and...

Legalize drugs to destroy all these cartels. Remember the prohibition era?
Regards.

Sadly,governments as a whole don't think that rationally.They will do what it takes to get themselves re-elected,and I don't think the public is in the mood for radical change in drug policy-they want their elected officials to be tough on crime and build more prisons,even if it bankrupts the country.

Indeed because a privatized penal system that operates for profit is a capital idea....

If there was any hope the current leadership of this country has any progressive ideas to solve the fiscal crisis we are in it was dispelled after The Global Commission on Drug Policy released their report and it was unceremoniously dismissed as misguided.

Why bother using public funds to commission reports and form committees if the recommendations are just going to be dismissed out of hand?

@aroc91

It uses the Bitcoin system. It's a completely anonymous, digital currency. It has no ties to banks or real-world money.

If it has no ties to real-world money, how would they monetize their income? They might as well be trading in simoleons (the currency in Sims 3 etc) in that case.

Legalize drugs to destroy all these cartels. Remember the prohibition era?
Regards.

Sadly,governments as a whole don't think that rationally.

It would also not reduce the usage of drugs or what-ever-service-that-now-would-be-legalized. A risk of increased usage would perhaps be okay if the users also would not try to use 'community resources' such as hospitals to get services when they get ill from the substances.

Legalize drugs to destroy all these cartels. Remember the prohibition era?
Regards.

Sadly,governments as a whole don't think that rationally.

It would also not reduce the usage of drugs or what-ever-service-that-now-would-be-legalized. A risk of increased usage would perhaps be okay if the users also would not try to use 'community resources' such as hospitals to get services when they get ill from the substances.

Yes,usage would probably stay at the historic 10% of the population.However,desparate addicts would not be mugging you or breaking into your home to raise money for their next fix.Money (billions) would be freed up to treat them if they wanted it.Drug gangs would suddenly be out of business.I could go on,but you see where I am heading..

The power of the IRS remains quite formidable.
It might help if the banks accepting deposits or issuing checks came under the investigators in the Federal Reserve.
It is also possible the many hedge funds could be forced to register their clients

@aroc91

It uses the Bitcoin system. It's a completely anonymous, digital currency. It has no ties to banks or real-world money.

If it has no ties to real-world money, how would they monetize their income? They might as well be trading in simoleons (the currency in Sims 3 etc) in that case.

Essentially, that's what it is. Bitcoins are produced by "mining" for them, running calculation with your CPU or GPU. They can be exchanged for real-world money, but it's not backed by anything. The bitcoin market could be operated independently without the opportunity to exchange.