Hydra: Lessons from The World’s Largest Darknet Market > 자유게시판

We doc the primary features of Hydra, akin to useless-drop delivery, feedback and reputation system, escrow, and dispute decision. Using information scraped from the platform, we quantitatively examine the marketplace’s scale and construction. We discover that it had been highly aggressive and also allowed the wholesale commerce of medicine and precursors. The useless-drop delivery system used on Hydra was costly, as the courier prices comprised a substantial proportion of the sale worth of drugs on Hydra. We contribute to drug cryptomarket analysis by studying an unprecedentedly large non-Western marketplace that existed substantially longer than any other identified darknet market. The phenomenon of Hydra shows that shutdown insurance policies utilized to darknet marketplaces have a substantial effect and implicitly form the entire drug market. Without these insurance policies, a pervasive digitalization of the drug commerce can happen. The first price of permitting marketplaces to grow is the possible improve in the consumption of unlawful drugs due to convenience for customers and facilitated cooperation between suppliers. This price have to be weighed against the potential advantages, together with a higher high quality of medicine, decreased potential violence, and the incentives for a big market to self-regulate. The case of Hydra additionally suggests the relevance of monetary regulation to restrict the growth of darknet marketplaces.

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Priyanka Goonetilleke

Graduate Student

I am a Ph.D. candidate in Economics at the University of Pennsylvania. My analysis pursuits are in Empirical Microeconomics focusing on Law and Economics.

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