Silk Road Market 3.0

silkroad.png

The original Silk Road was shut down by the feds and its owner sentenced to life in prison.  Copycat Silk Roads simply hijack the brand name to gain customers. This market attempts to build trust by offering direct buyer-to-vendor payments, with no Bitcoins stored on the server.  Nonetheless, we don’t trust this market and neither should you.  Also, the market itself sucks!  Poor layout, difficult navigation, and lack of variety make this a market that you can confidently avoid.

Uptime
93.18%
Commission
3%
Open Registration?
Yes
2FA
Yes
Vendor Bond
.11 BTC
Multisig Escrow?
No
FE Allowed?
Yes
Hacking Issues?
No
Trust Rating
0%
Overall Rating
0%
Full Market Review

The signup process was a pain and the layout is extremely confusing and difficult to use. This market bears no resemblance or relationship to the original Silk Road. Apparently they are trying to appear trustworthy by copying Hansa Market’s technique of direct buyer-to-vendor payments without offering a bitcoin wallet on the site at all. Whether this really increases security is not known. The new Silk Road bans the following items: weapons, poisons, illegal porn, terrorism, explosives, any sales to or from Russia (presumably they are hoping to convince US authorities they are base in Russia, which is highly unlikely. It is probably run by some geek in San Francisco!). We don’t recommend this market, as there are far better options.

Almost any incarnation of the Silk Road turns out to be a scam. The original Silk Road was shut down by the feds and its owner sentenced to life in prison. Copycat Silk Roads simply hijack the brand name to gain customers. Silk Road 3.0 will also turn to be a scam, eventually. The question is only when will the admins decide to cut and run? Also this site attracts a ton of attention from the feds, so even if the admins don’t steal the money, the government will try to shut it down. I don’t recommend ever using any new Silk Road market.

Currencies Accepted?
BTC
Direct Payments?
YES
silkroad.png 6 months ago
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