$Eth #MarketDownturn In 2012, Bitcoin was still a niche phenomenon, known mainly by tech enthusiasts and libertarians. At that time, 10,000 BTC was still worth a handful of pizzas, but the potential of this digital currency was attracting more and more attention. Here is an exciting story that took place between 2012 and 2016: the rise of the Silk Road and the key role of Bitcoin.
The Rise and Fall of the Silk Road
In 2012, a site called Silk Road emerged on the dark web, offering a decentralized online marketplace where one could buy all sorts of goods, both legal and illegal. This marketplace used Bitcoin exclusively to ensure the anonymity of transactions.
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