Silk Road1: Theory & Practice

In 1874, English researcher Charles Wright first synthesized heroin by boiling morphine. People quickly embraced this potent, fast-acting drug. Opioid use wasn’t regulated, and by the end of the century hypodermic syringe sets for personal use were sold in the Sears, Roebuck and Co. catalog.

out on June 5 when Senator Chuck Schumer of New York held a heavily covered news conference, at which he decried the brazen business of Silk Road and called for prosecutors to shut it down. He described Bitcoin as an “online form of money laundering used to disguise the source of money, and to disguise who’s both selling and buying the drug.”