Jerry Brito Asks: What Does the Silk Road Seizure Mean for Bitcoin?


The online black market Silk Road was shut down last week by the federal government after over two year of operating with impunity. The site allowed users to trade in almost anything licit or illicit—from marijuana to heroin to forged IDs—and used Bitcoin as its only currency. Jerry Brito explains Silk Road's connection to Bitcoin, and delves into what the federal government's seizure of Silk Road means for the crypto-currency.