The only method of payment for these illegal purchases is an untraceable peer-to-peer currency known as Bitcoins. After purchasing Bitcoins through an exchange, a user can create an account on Silk Road and start purchasing illegal drugs from individuals around the world and have them delivered to their homes within days.
quote: Bitcoins have no trade value (unless you consider coffee mugs and drugs good trade value), no practical value, and run completely on speculation.
quote: wikipedia lists the USA's nuclear power generation as 101,229 megawatts (i'm going to assume that's per hour)
quote: Chickens die and require upkeep and can't be divided.
quote: Of course governments of the world would never allow such a complete redistribution of wealth. So even all other considerations aside, the experiment is doomed to failure.
quote: Don't you mean if it caused a "fair" distribution of wealth, it would never be allowed to succeed? http://en.wikipedia.org/wiki/Liberty_Dollar