Editing Ross Ulbricht (section)

==Silk Road==
Ulbricht envisioned Silk Road as a free market experiment with an emphasis on user anonymity. He believed people should have the right to buy and sell whatever they want as long as they did not hurt anyone. Silk Road was designed to use Tor and bitcoin. Tor is a network which implements protocols that encrypt data and routes Internet traffic through intermediary servers that anonymize IP addresses before reaching a final destination. By hosting his market as a Tor site, Ulbricht could conceal its IP address. Bitcoin is a cryptocurrency; while all bitcoin transactions are recorded in a log, the blockchain, users who avoid linking their identities to their online "wallets" can conduct transactions with considerable anonymity.

Ulbricht used the Dread Pirate Roberts username for Silk Road. However, whether he was the only one to use that account is disputed. Dread Pirate Roberts attributed his inspiration for creating the Silk Road marketplace as "Alongside Night and the works of Samuel Edward Konkin III."

Ulbricht began to work on developing his online marketplace in 2010 as a side project to Good Wagon Books. He also sporadically kept a diary during the operating history of Silk Road; in his first entry he outlined his situation prior to launch, and predicted he would make 2011 "a year of prosperity" through his ventures.

Ulbricht may also have included a reference to Silk Road on his LinkedIn page, where he discussed his wish to "use economic theory as a means to abolish the use of coercion and aggression amongst mankind" and claimed "I am creating an economic simulation to give people a first-hand experience of what it would be like to live in a world without the systemic use of force." Ulbricht moved to San Francisco prior to his arrest.

Ulbricht was first connected to "Dread Pirate Roberts" by Gary Alford, an IRS investigator working with the DEA on the Silk Road case, in mid-2013. The connection was made by linking the username "altoid", used during Silk Road's early days to announce the website, and a forum post in which Ulbricht, posting under the nickname "altoid", asked for programming help and gave his email address, which contained his full name. In October 2013, Ulbricht was arrested by the FBI while at the Glen Park branch of the San Francisco Public Library, and accused of being the "mastermind" behind the site.

To prevent Ulbricht from encrypting or deleting files on the laptop he was using to run the site as he was arrested, two agents pretended to be quarreling lovers. When they had sufficiently distracted him, according to Joshuah Bearman of Wired, a third agent grabbed the laptop while Ulbricht was distracted by the apparent lovers' fight and handed it to agent Thomas Kiernan. Kiernan then inserted a flash drive in one of the laptop's USB ports, with software that copied key files.

On August 21, 2014, Ulbricht was charged with money laundering, computer hacking, and conspiracy to traffic narcotics. On February 4, 2015, Ulbricht was convicted on all counts after a jury trial that took place in January 2015. On May 29, 2015, he was sentenced to double life imprisonment plus forty years, without the possibility of parole.

He was released from prison in January 2025, when he received a full and unconditional pardon from U.S. President [[Donald Trump]].