Put America’s Geeks to Work, Don’t Cage Them

Bitcoin

Ross Ulbricht was handed an unheard-of sentence for a nonviolent, first-time offense: double life plus 40 years without parole. Not one of his trial charges involved violence of any kind. An Eagle Scout, scholarship winner and scientist, Ross followed his free-market ideals and interest in new technologies to innovate new ways of trading, using the then-little-known cryptocurrency bitcoin. He created the online marketplace Silk Road, which was based on privacy and the non-aggression principle of voluntary interaction. On the site, people could buy and sell what they chose, as long as they didn’t harm a third party. Most commonly exchanged were small quantities of marijuana, now legal throughout much of the U.S., including in three states where Ross has been incarcerated.

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