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Will OpenBazaar Succeed Where Silk Road Failed? New at Reason

Saturday, November 19, 2016 11:10
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OpenBazaar—a blockchain-based, fully decentralized online market—makes it possible to sell anything to anyone, anywhere in the word, for free.

We know what you’re probably thinking: Hasn’t that been tried before, and didn’t it land Ross Ulbricht in prison for life without the possibility of parole? But as Sean Malone reports, the team at OB1, the company that’s developing the OpenBazaar network, is quick to point out that their product doesn’t have the vulnerabilities of Silk Road, the online marketplace Ulbricht ran that got him busted for money laundering and conspiracy to traffic drugs.

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