Coordination problems in cryptomarkets: Changes in cooperation, competition and valuation

Bakken, Silje Anderdal; Møller, Kim; Sandberg, Sveinung

doi:10.1177/1477370817749177

Cited by 49 publications

(64 citation statements)

References 54 publications

(130 reference statements)

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“…For instance, within criminology, researchers have examined the effect of specific news on illicit sales volumes, finding counterintuitive increases in Dark Web transactions (Ladegaard 2019). Other criminology scholars have examined the structure of illicit digital markets, and the associated efficiency and resiliency they exhibit (Bakken, Moeller & Sandberg 2018;Duxbury & Haynie 2019). In a related IS study, Yue, Wang, & Hui (2019) conducted a user-generated content analysis of Dark Web hacker communities, and found evidence connecting increases in user chatter to a lower frequency of cyber-attacks.…”

Section: Research Examining Darknets and The Dark Webmentioning

confidence: 99%

Learning from the Dark Web: leveraging conversational agents in the era of hyper-privacy to enhance marketing

Thomaz

Salge

Karahanna

et al. 2019

J. of the Acad. Mark. Sci.

126

105

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The Web is a constantly evolving, complex system, with important implications for both marketers and consumers. In this paper, we contend that over the next five to ten years society will see a shift in the nature of the Web, as consumers, firms and regulators become increasingly concerned about privacy. In particular, we predict that, as a result of this privacy-focus, various information sharing and protection practices currently found on the Dark Web will be increasingly adapted in the overall Web, and in the process, firms will lose much of their ability to fuel a modern marketing machinery that relies on abundant, rich, and timely consumer data. In this type of controlled information-sharing environment, we foresee the emersion of two distinct types of consumers: (1) those generally willing to share their information with marketers (Buffs), and (2) those who generally deny access to their personal information (Ghosts). We argue that one way marketers can navigate this new environment is by effectively designing and deploying conversational agents (CAs), often referred to as "chatbots." In particular, we propose that CAs may be used to understand and engage both types of consumers, while providing personalization, and serving both as a form of differentiation and as an important strategic asset for the firm-one capable of eliciting self-disclosure of otherwise private consumer information.

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Section: Research Examining Darknets and The Dark Webmentioning

confidence: 99%

Learning from the Dark Web: leveraging conversational agents in the era of hyper-privacy to enhance marketing

Thomaz

Salge

Karahanna

et al. 2019

J. of the Acad. Mark. Sci.

126

105

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“…Cryptomarket users have been most commonly young males who have decided to buy drugs online for safety reasons . Cryptomarkets often build trust systems that enable their functionality even in anonymity . The illegal sale of drugs is also seen on the clear web , which is less hidden than cryptomarkets but presents a challenge for law enforcement owing to the vast number of websites on the Internet.…”

Section: Introductionmentioning

confidence: 99%

Drug dealing on Facebook, Snapchat and Instagram: A qualitative analysis of novel drug markets in the Nordic countries

Demant

Bakken

Oksanen

et al. 2019

Drug and Alcohol Review

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Introduction and Aims. Internet use has changed drug dealing over the past decade owing to the emergence of darknet services. Yet, little is known about drug dealing in public online services. This study reports findings from a Nordic comparative study on social media drug dealing. It is the first in-depth study on the increase of digitally mediated drug dealing outside the cryptomarkets. Design and Methods. A qualitative study using online ethnography and semi-structured interviews. One hundred and seven participants aged 16-45 years (mean age 23.1 years), with 83.2% being male, were interviewed. Data was coded in NVivo using general themes: modus operandi, trust and risk. Results. Ethnographical data shows a high degree of drug-dealing activity on Facebook, Instagram, Snapchat and Facebook Messenger. Buyers and sellers also use encrypted platforms, such as darknet forums and the Wickr app on their smartphones. The medium used varies across the countries, as well as motivations for usage in connection with risk perceptions. Discussion. Despite national differences, social media is a common tool used in selling and buying illegal drugs. Availability affects the prevalence of use of various social media; however, prevalence is also crucial for which media is used. Many of the participants report easily drifting in and out of social media dealing and buying, without being aware of the seriousness of the offence. Conclusion. Based on the differences in attachment to the seller career, we advise that policing strategies should be supplemented with-and even stand in the back of-prevention campaigns. [Demant J, Bakken SA, Oksanen A, Gunnlaugsson H. Drug dealing on Facebook, Snapchat and Instagram: A qualitative analysis of novel drug markets in the Nordic countries. Drug Alcohol Rev 2019;38:377-385]

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“…A possible hypothesis could be their involvement at a high level in the distribution chain, supplying substances for distribution rather than consumption. As a consequence, cryptomarkets may also be a business-to-business market, which was also noted in (Aldridge & Décary-Hétu, 2014;Bakken et al, 2017;Cunliffe et al, 2019). Paquet-Clouston et al showed that only a small portion of vendors succeed in generating regular sales while the majority of vendors seems to be spectators with a limited number of sales (Paquet-Clouston et al, 2018).…”

Section: Countrymentioning

confidence: 93%

“…Five vendors stated that they produced their own products. Bakken et al, (Bakken et al, 2017) stated that direct contact with the manufacturer could mean that consumers purchasing from these vendors could receive more information about the drugs they are using which could, in turn, reduce the harm of drug use (Barratt et al, 2014;Van Hout & Bingham, 2013). Finally, products other than prescription drugs and medicine were also offered by 25% of vendors.…”

Section: Countrymentioning

confidence: 99%

An insight into the sale of prescription drugs and medicine on the AlphaBay cryptomarket

Morelato

Bozic

Rhumorbarbe

et al. 2019

Journal of Drug Issues

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Internet access has provided new ways to trade goods. Unlike conventional legal sale sites, cryptomarkets facilitate exchanges in a context where the anonymity of participants is warranted. The aim of this article was to obtain a better understanding of the trafficking of prescription drugs and medicine on the AlphaBay cryptomarket. The results showed that alprazolam, oxycodone, and Adderall were the most offered prescription drugs while alprazolam, diazepam, and oxycodone were the most sold substances. The sale was dominated by North America, Australia, and Western European countries. The revenue of prescription drugs was estimated to be more than US$65 million since the creation of AlphaBay, a small market in comparison with offer a complementary way to understand the trafficking of prescription drugs and medicine and to identify the most prolific vendors and their implication in this trafficking.

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Coordination problems in cryptomarkets: Changes in cooperation, competition and valuation

Cited by 49 publications

References 54 publications

Learning from the Dark Web: leveraging conversational agents in the era of hyper-privacy to enhance marketing

Learning from the Dark Web: leveraging conversational agents in the era of hyper-privacy to enhance marketing

Drug dealing on Facebook, Snapchat and Instagram: A qualitative analysis of novel drug markets in the Nordic countries

An insight into the sale of prescription drugs and medicine on the AlphaBay cryptomarket

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