vCash, Crypto, and Anonymization Equals Drugs to Your Door
Pssst. Dude, wanna score? What do you want? Acid, weed, X, 'Ludes? No problem ... you can now buy your favorite illegal substances online with (in theory) completely anonymity. Moreover, you won't be buying the "bad" stuff because you can see the seller's reputation as rated by his or hers previous clients!
You pay for the "products" with untraceable digital cash and the seller ships to whatever address you provide. The system keeps the buyer and seller anonymous, allows for funds to be transferred, and the purchase is mailed to whatever address the buyer gives, which allows for plausible deniability by the recipient ("But officer, my name isn't on the package and I have no idea where it came from.").
Don't believe me? Check out Silk Road. Of course, as you might suspect, doing so will not be straightforward but, then again, we're talking about illegal activities so, a little fence hurdling shouldn't deter you if you're serious.
First, if you're going to buy from Silk Road, you'll need to acquire a stash of a currency called "bitcoin" from any of several bitcoin exchanges. Bitcoin is peer-to-peer digital money system or, as the Mt. Gox Bitcoin Exchange describes it: "a decentralized Internet commodity". I don't have space to go into exactly how bitcoin works (it's based on public key encryption), but the result is funds can be transferred anonymously.
