Literature DB >> 24268875

Responsible vendors, intelligent consumers: Silk Road, the online revolution in drug trading.

Marie Claire Van Hout1, Tim Bingham2.   

Abstract

BACKGROUND: Silk Road is located on the Deep Web and provides an anonymous transacting infrastructure for the retail of drugs and pharmaceuticals. Members are attracted to the site due to protection of identity by screen pseudonyms, variety and quality of product listings, selection of vendors based on reviews, reduced personal risks, stealth of product delivery, development of personal connections with vendors in stealth modes and forum activity. The study aimed to explore vendor accounts of Silk Road as retail infrastructure.
METHODS: A single and holistic case study with embedded units approach (Yin, 2003) was chosen to explore the accounts of vendor subunits situated within the Silk Road marketplace. Vendors (n=10) completed an online interview via the direct message facility and via Tor mail.
RESULTS: Vendors described themselves as 'intelligent and responsible' consumers of drugs. Decisions to commence vending operations on the site centred on simplicity in setting up vendor accounts, and opportunity to operate within a low risk, high traffic, high mark-up, secure and anonymous Deep Web infrastructure. The embedded online culture of harm reduction ethos appealed to them in terms of the responsible vending and use of personally tested high quality products. The professional approach to running their Silk Road businesses and dedication to providing a quality service was characterised by professional advertising of quality products, professional communication and visibility on forum pages, speedy dispatch of slightly overweight products, competitive pricing, good stealth techniques and efforts to avoid customer disputes. Vendors appeared content with a fairly constant buyer demand and described a relatively competitive market between small and big time market players. Concerns were evident with regard to Bitcoin instability.
CONCLUSION: The greatest threat to Silk Road and other sites operating on the Deep Web is not law enforcement or market dynamics, it is technology itself.
Copyright © 2013 Elsevier B.V. All rights reserved.

Entities:  

Keywords:  Drug markets; Internet; Silk Road; Vending

Mesh:

Substances:

Year:  2013        PMID: 24268875     DOI: 10.1016/j.drugpo.2013.10.009

Source DB:  PubMed          Journal:  Int J Drug Policy        ISSN: 0955-3959


  7 in total

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Authors:  Evelyn Hearne; Jean-Paul Cornelius Grund; Marie Claire Van Hout; Jim McVeigh
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7.  The Dynamic Environment of Crypto Markets: The Lifespan of New Psychoactive Substances (NPS) and Vendors Selling NPS.

Authors:  Elle Wadsworth; Colin Drummond; Paolo Deluca
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  7 in total

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