Bitcoins, drugs and the internet.   $80 million in commission money.  That’s quite a bit of spare change.

Just under a month ago I was intrigued to see that Forbes magazine had managed to get an interview with “Dread Pirate Roberts”, the site’s administrator. And then, last week, came the news that Dread Pirate Roberts was 29-year-old Ross Ulbricht, a University of Texas physics graduate who, according to the FBI’s documents, had not just run the site – which it alleges earned him $80m in commission – but had hired a contract killer for $80,000 to rub out an employee who had tried to blackmail him.

If that sounds far-fetched, papers filed last Thursday show that he tried to take a contract on a second person. The documents showed that the FBI had access to Silk Road’s servers from July, and that the contract killer Ulbricht had thought he’d hired was a federal agent. It’s an astonishing, preposterous end to what was an astonishing, preposterous site, though the papers show that while the crime might have been hi-tech, cracking it was a matter of old-fashioned, painstaking detective work.

via How I bought drugs from ‘dark net’ – it’s just like Amazon run by cartels.  Maybe he ought to be the guy running the Treasury?  Seriously, 1.2 billion made.