AD
AD
  • Ross Ulbricht has for the first time since his arrest discussed his role in creating Silk Road when he was a naive 26-year-old.
  • The computer scientist has called on the crypto community to continue building having watched much of Bitcoin’s growth behind bars.

The creator and manager of Silk Road, Ross Ulbricht, has opened up at Bitcoin 2021 about his involvement in the online marketplace. The computer scientist phoned in for an interview from a maximum-security federal prison. Ulbricht faces two life sentences + 40 years without parole for money laundering charges, hacking and conspiracy to traffic illicit items.

Ulbricht launched Silk Road back in 2011 and the online platform quickly took off. Unfortunately, at the time, cryptocurrencies were common with criminals. As Silk Road was focused on privacy, it quickly became popular and this attracted the attention of authorities. At its peak, the platform was shut down for aiding criminal acts. In 2013, Ulbricht was arrested for creating and running the darknet site.

Also Read: Bitcoin under intense pressure as Pope calls for replacement of high energy-consuming assets

The computer scientist has for the first time since his arrest, opened up about his involvement and further commented on the latest developments around Bitcoin. Phoning in from prison, Ulbrich was apologetic about creating Silk Road explaining that he was naive at the time.

“The irony is that I made Silk Road in the first place because I thought I was furthering the things I cared about: Freedom, privacy, equality,” he explained to the thousands of attendees. He was further apologetic about rushing his idea when he started off.

Ross Ulbricht appeal to the Bitcoin community

He further went on to talk about the Bitcoin developments from the last 8 years, where Bitcoin has seen adoption and prices hit record levels.

I’ve seen incredible innovation. I’ve seen inspiring courage. We didn’t know how things would turn out for Bitcoin back in the beginning, but over the years, I’ve been continually impressed with what you’ve accomplished…

His comments come just months after Bitcoin set a new all-time high of roughly $65,000. The digital asset has further captured the attention of millions and regulators as well.

Also Read: We are all going to die if Bitcoin is widely adopted – Chinese economist

Ross Ulbricht believes that Bitcoin users are transforming the global economy. On top of bringing freedom and equality, he calls on the community to aspire to transom criminal justice.

Family and friends of Ulbricht created the Free Ross project in a bid to get his sentence reduced. At the time of press, nearly half a million have signed the petition to reduce his sentence. In part, those in support, believe that he received a harsh sentence. This especially accounting for the fact that he was a first time offender, and all charges were non-violent. His defence attorneys have also argued that the prosecutors did not produce a single witness to testify firsthand.


Recommended for you:

Subscribe to our daily newsletter!


          No spam, no lies, only insights. You can unsubscribe at any time.

This article is provided for informational purposes only and is not intended as investment advice. The content does not constitute a recommendation to buy, sell, or hold any securities or financial instruments. Readers should conduct their own research and consult with financial advisors before making investment decisions. The information presented may not be current and could become outdated.

John Kiguru is an accomplished editor with a strong affinity for all things blockchain and crypto. Leveraging his editorial expertise, he brings clarity and coherence to complex topics within the decentralized technology sphere. With a meticulous approach, John refines and enhances content, ensuring that each piece resonates with the audience. John earned his Bachelor's degree in Business, Management, Marketing, and Related Support Services from the University of Nairobi. His academic background enriches his ability to grasp and communicate intricate concepts within the blockchain and cryptocurrency space. Business Email: info@crypto-news-flash.com Phone: +49 160 92211628

Exit mobile version