- Apple introduced extensions at iOS 8
The Deep Web (also called the Deepnet, Invisible Web, or Hidden Web) is World Wide Web content that is not part of the Surface Web, which is indexed by standard search engines.Silk Road
Silk Road is an online market. It is operated as a Tor hidden service, such that online users are able to browse it anonymously and securely without potential traffic monitoring. The website launched in February 2011; development had begun six months prior. It is part of the Deep Web. Although Silk Road is an underground website,sometimes called the "Amazon.com of illegal drugs" or the "eBay for drugs," the site also sells apparel, art, biotic materials, books, collectibles, computer equipment, digital goods, along with dozens of other categories of merchandise.
Buyers and sellers conducted all transactions with bitcoins (BTC), a cryptocurrency that provides a certain degree of anonymity. Silk Road held buyers’ bitcoins in escrow until the order had been received and a hedging mechanism allowed sellers to opt for the value of bitcoins held in escrow to be fixed to their value in US$ at the time of the sale to mitigate against Bitcoin’s volatility. Any changes in the price of bitcoins during transit were covered by Dread Pirate Roberts.
The Farmer’s Market was a Tor site similar to Silk Road, but which did not use bitcoins. It has been considered a ‘proto-Silk Road’ but the use of payment services such as Paypal and Western Union allowed law enforcement to trace payments and it was subsequently shut down by the FBI in 2012.Silk Road Reduced Violence in the Drug Trade, Study Argues
Using a custom web crawler, they scraped Silk Road in September of 2013–just before its shutdown by the FBI–to collect a snapshot of all feedback and review data from the site’s vendor profiles. Those posts provided a catalog of past deals on the site, including their frequency and size. They found that the high average price of those deals, along with other clues, implies a surprisingly large number of Silk Road buyers were not consumers, but dealers buying wholesale.
That’s a different take than previous studies, which have described Silk Road as an eBay for drugs. Instead, Aldridge and Decary-Hetu say their data shows a vast portion of the Silk Road’s sales were “business-to-business.” That finding moves the market’s role farther up the drug market supply chain than was previously thought, they argue, placing it closer to the cartel-controlled drug producers behind much of the trade’s violence. And since the study argues the traders on both sides of a Silk Road deal were often drug dealers, the researchers claim Silk Road’s business-to-business deals mean twice as many opportunities for violence were prevented.Apple Is Preparing For Alternative Currencies
Apple (AAPL), and a short list of companies, stand to benefit from Apple’s preparation to enable alternative currencies in it’s ecosystem. Allowing consumers to pay for content using a currency they are comfortable with is smart move by Apple.
The new clause under section 11.17, which was flagged by folks on Twitter like investor Bill Lee today, reads: “Apps may facilitate transmission of approved virtual currencies provided that they do so in compliance with all state and federal laws for the territories in which the app functions.”
This opens the door for apps that transmit crypto-currencies such as bitcoin, a group of apps previously banned from the Apple App Store.