The Entrepreneurial Criminal: How Trust Coordinates Illicit Drug Cryptomarkets

Abstract

This chapter investigates how new technologies of encryption and cryptocurrencies enable entrepreneurial opportunities outside legality in the dark net. Since ventures on illicit dark net markets lack access to the legal system and to law enforcement agencies, they must rely on mechanisms for settling disputes with business partners without the involvement of mediating agencies. To this end, the presence of trust is decisive in coordinating cryptomarket activities. Hence, entrepreneurs on dark net markets utilize technology to gain trust, establishing new ways of drug dealing, with disruptive potential for classic illicit drug markets. Against this background, this chapter shows how technological change affects the identity of entrepreneurs on the dark net. Special emphasis is given to the entrepreneurs’ self-concept, their consumer service, knowledge and capabilities and how, in a holistic view, this development innovates the traditional way of dealing illicit drugs.

Citation

Linder, C. (2019), "The Entrepreneurial Criminal: How Trust Coordinates Illicit Drug Cryptomarkets", Sergi, B.S. and Scanlon, C.C. (Ed.) Entrepreneurship and Development in the 21st Century (Lab for Entrepreneurship and Development), Emerald Publishing Limited, Leeds, pp. 171-189. https://doi.org/10.1108/978-1-78973-233-720191010