Silk Road and other black market vendors existed well before the scams started. You could mail order drugs online when bitcoin was under $1, the first bubble pushed the price to $30 before crashing to sub-$1 again. THEN the scams and market manipulation took off.
Later people forked the project to create new chains in order to run rug pulls and other modern crypto scams.
Silk Road and other black market vendors existed well before the scams started. You could mail order drugs online when bitcoin was under $1, the first bubble pushed the price to $30 before crashing to sub-$1 again. THEN the scams and market manipulation took off.
Later people forked the project to create new chains in order to run rug pulls and other modern crypto scams.
Silk Road was launched in 2011, the same year of the first big Mt. Gox crypto heist (now largely recognized as an inside job).
Crypto scams are as old as Bitcoin itself.