“Silk Road 1: Theory & Practice”, Gwern2011-07-11 (, , ; backlinks)⁠:

History, background, visiting, ordering, using, & analyzing the drug market Silk Road 1

The cypherpunk movement laid the ideological roots of Bitcoin and the online drug market Silk Road; balancing previous emphasis on cryptography, I emphasize the non-cryptographic market aspects of Silk Road which is rooted in cypherpunk economic reasoning, and give a fully detailed account of how a buyer might use market information to rationally buy, and finish by discussing strengths and weaknesses of Silk Road, and what future developments are predicted by cypherpunk ideas.