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Meet the man dedicating his life to helping thousands of stray dogs. Also: the childhood sweethearts who reunited after 85 years, and Baileigh Sinaman-Daniel, playing college basketball with only one arm.
We’re exploring darknet markets, from their history with the Silk Road to how they function today. Bitcoin vs. Monero usage, exit scams, and why these markets look like they're stuck in 2004 despite handling billions in transactions.
You're listening to Bitcoin Season 2. Subscribe to the newsletter, trusted by over 7,000 Bitcoiners: https://newsletter.blockspacemedia.com
Colin and Charlie dive into the seedy underbelly of cryptocurrency—darknet markets. From the early days of the Farmers Market to the infamous Silk Road and beyond, they explore how these marketplaces function, why they initially struggled without Bitcoin, and the recent shift from Monero back to Bitcoin following exchange delistings. With $2 billion in annual volume yet surprisingly flat growth, they examine the robust review systems, exit scams, and why these sites stubbornly maintain their 2004-era aesthetics.
Disclaimer: This episode discusses drugs and illegal activities for informational purposes only.
Follow our guests: @cbspears @asilayhodling @btcszn2
Notes:
- Darknet markets processed ~$2-3.5B annually
- Farmers Market (2006) had only 3,000 users
- Silk Road processed $182M from 100,000 users
- Market volume remained flat despite crypto growth
- Monero losing popularity after exchange delistings
- Kraken darknet market: ~$800M volume in 2024
Check out our Bitcoin scaling conference! Visit opnext.dev to learn more.
Timestamps:
00:00 Start
01:50 Chainalysis Darknet Market Report
05:15 Farmer's Market
14:27 After Silk Road
16:11 Arch
16:42 Rise of Monero
23:38 Quality control
29:24 Exit scams
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👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!
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Computer software seems to be everywhere. No matter what kind of computer you use or where you use it, all computers use software.
That is the entire point of a computer.
However, not all software is the same. There are actually enormous differences between software applications. Not just what they do, but how they were written, the business models behind them, the legal licenses that cover them, and the philosophy behind them.
Learn more about free and open source software, what it is, and how it works on this episode of Everything Everywhere Daily.
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How do individuals address serious challenges in a context where organized gatherings are subject to strict government control? This new edited volume brings together a diverse group of scholars to explore the many ways people in China self-organize and create varied forms of coordination to solve important problems.
Through compelling, detail-rich case studies, The Extraordinary in the Mundane (Columbia UP, 2024) shows that family structures and networks deeply shape these modes of association. Because the public-private dichotomy does not resonate with many people in China, they rely on informal social ties, not formal organizations or state agencies, to confront personal challenges. Chapters present vivid ethnographic portraits that consider both positive and negative aspects of community formation. A woman with an autistic child creates an organization to advocate for inclusion of neurodivergent children in public schools. A trainee in a psychological counseling course finds mutual support among other participants. A boy is taken by his father to an internet addiction treatment camp that aims to restructure family interactions. A woman in her seventies shows off the burial clothes she prepared for herself, to the admiration of a group of friends. Offering a glimpse into the unofficial realities that often remain off the record, this book provides a wide-ranging and timely examination of the varieties of civic action in contemporary China.
Becky Yang Hsu is Associate Professor of Sociology at Georgetown University. Her research interests include morality, institutions, and culture, and is currently studying happiness and mourning in China. More details about her research can be found here.
Yadong Li is a socio-cultural anthropologist-in-training. He is registered as a PhD student at Tulane University. His research interests lie at the intersection of economic anthropology, medical anthropology, hope studies, and the anthropology of borders and frontiers. More details about his scholarship and research interests can be found here.
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It was the space mission that captured headlines. Two astronauts who were supposed to spend just over one week in space ultimately spent more than 9 months on the International Space Station because of a problem with the Boeing Starliner spacecraft.
Today, we’ll hear directly from the astronauts about what went wrong and who is to blame, the cutting-edge experiments they conducted in space, and their hopes for the future of human spaceflight.
Join us again for our 10-minute daily news roundups every Mon-Fri!
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On the "CBS News Weekend Roundup", host Stacy Lyn has the latest from CBS News business analyst Jill Schlesinger on President Trump's most expansive tariffs yet. CBS's Skyler Henry reports on big cuts for federal healthcare workers. And on this week's Kaleidoscope, Stacy Lyn speaks with New York Times reporter Clyde McGrady about why college enrollment levels for black men have plummeted at all four-year colleges, but most notably at historically black colleges and universities.
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The US government’s use of a prison in El Salvador as an extra-judicial due-process free black site has been rendered starkly visible by the story of one man they tried to disappear. On this week’s Amicus, Dahlia Lithwick interviews Simon Sandoval-Moshenberg, lawyer for Kilmar Armando Abrego Garcia, a Maryland resident, husband and father, who was illegally deported to El Salvador in March due to what the government admits was an administrative error. Abrego Garcia was abruptly detained by ICE, torn from his family, and sent to a brutal Salvadoran prison despite having legal protections against deportation. The Justice Department now says Abrego Garcia must remain in the notorious CECOT prison in El Salvador. On Friday a district court judge in Maryland ordered his return.
Next, we turn to the Trump administration's disastrous tariffs. Slate's Mark Joseph Stern joins Dahlia to explore the legality of Trump’s latest, inexplicable round of tariffs against the rest of the world, and debate whether the Supreme Court will apply its so-called “major questions doctrine” when a Republican is in the White House.
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