jakiro
Source: AI and Web3 Observation Diary
“You are pardoned.” A call ended Ross Ulbricht’s 11-year prison life.The legendary figure who soared Bitcoin from $0.1 to $1,100 has finally seen the light of day again.
It was not someone else who let him go, but Trump, who just caused an uproar because of the issuance of coins.The incoming US president not only changed a person’s fate with a pardon, but also caused storm in the crypto market.
Who is Ross?In 2011, this 26-year-old young man did an earth-shaking thing: he created the “Silk Road” dark web trading platform.Bitcoin was only worth a few cents at that time, and no one cared about it.But Ross was the first to discover its potential, turning Bitcoin into the platform’s only payment method.
This move directly allowed Bitcoin to transform from “toy” to “tool”.Market data shows that Bitcoin circulating on the platform accounted for 80% of the transaction volume on the entire network at that time.In just two years, Bitcoin has risen from $0.1 to $1,100.
“The core of blockchain technology is decentralization and anonymity,” and Ross perfectly demonstrates these two characteristics with the ‘Silk Road’.Although the method is controversial, he did find the first real application scenario for Bitcoin.”
Of course, this kind of “innovation” comes at a price.In 2013, in a bookstore, Ross fell into a carefully planned drama.The FBI arranged for a pair of agents pretending to be lovers to quarrel around him and arrested him when he was distracted.His computer is also logged in to the dark web administrator account, which is conclusive.
In the end, the court sentenced him to two life imprisonment plus 40 years.Some say he is a criminal, while others say he is a liberal fighter.In the crypto circle, there have been high calls for support for his sentence reduction.
Trump released the people this time, on the surface, to fulfill his campaign promise, but in fact he was playing a bigger game.Just a few days ago, the TRUMP coins he issued were fiercely criticized by the currency circle, saying that he was using his presidential identity to cut leeks.This time Ross was released, and a lot of controversy was immediately calmed down.
“This is Trump’s cleverness,” on the one hand, he demonstrated support for the crypto industry with a pardon order, and on the other hand, he paved the way for his strategic Bitcoin reserve plan.”
From a technical perspective, Ross’ release from prison may indicate a new turning point in the crypto industry.The Bitcoin that he pushed to $1,100 back then has now exceeded $105,000.This industry also started with underground trading and gradually moved towards the mainstream market under the sun.
Ross is now 41 years old, and Bitcoin has gone from obscurity to a new Wall Street renowned.Who would have thought that the prisoner who changed the fate of Bitcoin 11 years ago would be released by a “Bitcoin President”?
This may be the magic of fate: history is always full of unexpected twists.
