Skip to main content

SilkRoad Founder Ross Ulbrichts's Celenbrates Another Birthday in Prision


The creator of the silk road, Ross Ulbricht, turns 36 today and like the last six years, he would be celebrating it in prison again.

Ross Ulbricht is a convicted felon and he is serving two life sentences for his involvement in the silk road fiasco. He cited a libertarian paradise as the reason to bring silk road into existence, but then it went downhill. He stated

"Silk Road was supposed to be about giving people the freedom to make their own choices, to pursue their own happiness. However, they individually saw fit. What it turned into was, in part, a convenient way for people to satisfy their drug addictions."
The euphoria of free-market which Ulbricht catapulted to the forefront lasted for a couple of years, starting from 2011, till an iron fist was put on in 2013, when Ross Ulbricht was arrested and put behind the bar in 2013, by the FBI. He is in their custody for years now.

When the trails against the accused were carried out, he was found guilty of being involved in illicit activities like money laundering, computer hacking, and conspiracy to traffic narcotics. He was walloped by these charges against him, and the double life sentence given to him comes without an option of even parole.

Ross Ulbricht Still Has Crypto Community's Support

A lot of crypto big names have got Ulbricht's back though. Time and time again, people have come out in his support. Tim draper continually claims that he should be set free. Many others believe there was prejudice in the way the legal system treated him. An online petition to set him free has made its way to the White House with more than 275,000 signature. However, none has made any significant difference as the decision of the proceedings remain unaltered.

Comments

Popular posts from this blog

Canadian Investment Firm 3iQ Files Prospectus for Bitcoin Fund

A Canadian Investment f irm 3iQ filed a prospectus for Bitcoin Funds with hopes to attract retail investors with a regulated digital asset fund. T he firm announced that it had filed a preliminary prospectus for a close-end Bitcoin fund; that it anticipates to unveil through the Toronto Stock Exchange later in the year . Fred Pye, the Chief Executive of the firm wrote :  : “We expect to list on the Toronto Stock Exchange in late December or early January. As a part of our next steps, we’re hoping to get Canada’s big banks on board. We’re hoping that two or three of Canada’s biggest banks, specifically ones that want to lead in fin-tech space, will join the syndicate group.” The Canadian investment funds manager revealed that they filed the Bitcoin fund prospectus regards to an Initial Public offering of both Class A and Class F units each at $10. Pye, a former senior vice president of Fidelity Investments -Canada; highlighted that retail investors have been s...

XRP Is In Free Fall These Days

  Ripple Labs developed XRP to allow cross-border transfers of money for financial institutions for far less than a cent per operation and in less than 4 seconds. Ripple presently boasts dozens of banking institutions as clients across 55 countries. All of these conventional banking clients are heavily influenced by variations in the securities markets. This has led to the free fall. XRP is in free fall nowadays. XRP's lawsuit against the SEC over whether or not XRP is a securities asset instead of a kind of digital money that is moving slowly, with a conclusion now due in early 2023. Except for Kucoin and Binance, others have delisted it. To find out the latest updates on XRP, join Cryptoknowmics .  Analyze XRP For Long Term Follow Cryptoknowmics and you will get the XRP price prediction 2050 here. XRP is suitable for a wide range of traders and investors. It is a fantastic coin for general cryptocurrency aficionados since it is an altcoin — that is, it is distinct from Bitc...

Is celebrity support an added advantage to cryptocurrency growth?

  Celebrities are prominent figures in society. We admire them for their looks and get influenced by whatever brand they endorse. So can we say that their support for cryptocurrency is an added advantage? Well, up to an extent yes. Since they are public figures and rule the hearts of their fans, this indeed can be an added advantage in the growth of cryptocurrency.  But it is not completely true. The cryptocurrency rose to fame because of the unique features and advantages they provide to their users. First of all, they allow users to have the ownership of tier money which is not in the case of government-issued currencies. If you look at the whitepaper of Bitcoin framed by its founder Satoshi Nakamoto, then you will find that it restricts the interference of third parties and central authorities like banks and the government.  Cryptocurrency is now considered an investment asset by most crypto enthusiasts. Many people have become richer by it. Akshay Haldipur from India ...