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Monday, 30 January 2023
The Silk Road Founder To Launch Cryptocurrency Collection

The Silk Road Founder To Launch Cryptocurrency Collection

2022-10-29

The founder of the Silk Road online marketplace, Ross Ulbricht, has reportedly been working on a new venture since his 2015 arrest. The U.S. government convicted the 29-year-old of narcotics trafficking, computer hacking and money laundering. In the months before his sentencing, Ulbricht showed signs of a possible turnaround. The new venture may be a form of restitution for the time spent in jail.

Silk Road was a hidden digital marketplace that sold illegal drugs, firearms and other illicit goods and services. It operated from 2011 to 2013 and was accessible only through theTOR network. Ulbricht was the site’s alleged mastermind and was the first person to be convicted of conspiracy and narcotics trafficking in relation to the site. However, his legal team is reportedly working on a plan to obtain full restitution for their client.

The Black Market Crypto Currency Collection

Ross Ulbricht is currently seeking a way to make good on the $184 million dollar worth of bitcoin and other cryptocurrencies that were seized during his arrest. Ulbricht’s new venture will purchase cryptocurrency and other assets on a monthly basis. The collection will be featured as a part of his new crypto funding platform, which is scheduled to launch in 2020. Ulbricht’s new project will make it possible for people to own the digital currency they want, how they want it, and most importantly, his new project will give people access to those coins that are currently locked away from the public.

What will go into the collection?

The collection will be based on the Black Market Crypto Currency Index (BMCCI). The index was created by the Ulbricht team to reflect the performance of different coins and track the growth of the collection overall. The index will be made up of the top 25 coins with the most liquidity as of 2020. The coins will be weighted based on their market capitalization, with the largest coins making up the majority of the collection. The team at Ulbricht will also add non-coin assets such as precious metals and real estate to the Black Market Crypto Currency Collection.

Why is the Black Market Crypto Currency Collection a unique concept?

Other than the fact that it is a new fund set up by Ulbricht to benefit the public, the BMCC Collection takes inspiration from collectible funds. As with other collectible funds, people will be able to buy into the BMCC Collection as an investment and hold its assets for future profit. Ulbricht is also following in the footsteps of other historical figures who have had their fortunes amassed by purchasing rare and expensive items. These figures include Steve Jobs, who is known to have been a huge fan of rare coins, andNapoleon Bonaparte,who is believed to have bought himself a fortune by purchasing ancient Roman coins.

How to buy into the collection and become part of history?

Individuals interested in buying shares in the BMCC Collection will be able to purchase them on the Black Market Crypto Currency Fund website. The website will host a virtual coin auction where bidders will be able to name their price for the coins they want to buy. The highest bidder will then get to name the price and the seller will have to accept that price. The seller will have 30 days to make the transfer after the auction ends. Once the coins are sold, they will be sent to a private wallet controlled by the BMCC Collection. Ulbricht is also exploring the option of selling individual coins or a portion of them at a public auction.

The Black Market Crypto Currency Collection will give crypto investors and collectors access to some of the most valuable and historically significant coins in the industry. Many of these coins are currently locked away from the general public and will be made available for purchase exclusively through the fund. The fund will also feature coins that are not currently traded on any exchanges, which will give the fund a significant advantage over other collectible funds that only invest in liquid coins. The Black Market Crypto Currency Collection will be the first and only fund of its kind. It will give investors access to some of the most valuable and historically significant coins in the industry. Many of these coins are currently locked away from the general public and will be made available for purchase exclusively through the fund. The fund will also feature coins that are not currently traded on any exchanges, which will give the fund a significant advantage over other collectible funds that only invest in liquid coins.

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