[Video Link] HighExistence reports on Atlantis, a "new and improved virtual black market" that offers "cheaper rates, advanced features, ease-of-use, Litecoin and Bitcoin support, and encrypted chat."
A turf war is on. Silk Road has enjoyed a near monopoly on the digital drug business since its inception in 2011, but its tenure is over. The new competition is great for consumers–various black markets will vie for market share by offering more features and a better user experience. In an “Ask Me Anything” session on Reddit, the CEO explains that compared to Silk Road, Atlantis takes lower commissions, has less downtime, has a more “modern” interface, has a feedback system for rating buyers as well as sellers, and supports built-in message encryption.
Also, Andy Greenberg of Forbes bought weed from the top three online black markets (Silk Road, Black Market Reloaded, and Atlantis) and found Atlantis offered the best consumer experience. (Here's a video interview with Greenberg about online black markets.)
Mark Frauenfelder is the founder of Boing Boing and the editor-in-chief of MAKE and Cool Tools. Twitter: @frauenfelder. His new book is Maker Dad: Lunch Box Guitars, Antigravity Jars, and 22 Other Incredibly Cool Father-Daughter DIY Projects