The name NewScientist is misleading, because there is nothing scientific about their biased Bitcoin articles.
http://www.newscientist.com/cgi-bin/mt/mt-search.cgi?blog_id=386&tag=Bitcoin
It is a commercial media company and their customers are the general public. So what you get are popular/hyped, easy to digest articles with some sensational value added to it.
Topic: 2012-08-06 newscientist.com - Silk Road sells $2m worth of drugs a month (Read 1158 times)
August 11, 2012, 08:14:29 AM
August 11, 2012, 07:32:59 AM
It's even in the paper issue. Just under the Knight Capital Group loss of $440m due to automated stock trading software fail news. I find it a bit ironic ;)
August 06, 2012, 08:26:54 PM
Quote
New analysis of the anonymous online marketplace Silk Road suggests that purveyors of illegal drugs and other black-market goods are raking in the equivalent of nearly $2 million of Bitcoins per month, which is roughly 20 per cent of exchanges from Bitcoins to US dollars that take place on the online currency's main exchange, Mt. Gox.
http://www.newscientist.com/blogs/onepercent/2012/08/silk-road-bitcoin-illegal.html
The arvix article is not peer-reviewed, raw and in some areas speculative. Interesting that these science rags have globbed onto this with such willingness, slow news day? climate change getting old?
Also makes you wonder about a 'security professor' who has bots that crawl Silk Road daily ... makes great cover for a potential Silk Road participant, just saying.
August 06, 2012, 12:33:08 PM
Quote
New analysis of the anonymous online marketplace Silk Road suggests that purveyors of illegal drugs and other black-market goods are raking in the equivalent of nearly $2 million of Bitcoins per month, which is roughly 20 per cent of exchanges from Bitcoins to US dollars that take place on the online currency's main exchange, Mt. Gox.
http://www.newscientist.com/blogs/onepercent/2012/08/silk-road-bitcoin-illegal.html
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