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In the 2024 US presidential election, Trump's victory has brought many variables to the cryptocurrency market, especially his support for cryptocurrency and his attitude towards some important crypto events. Today, one of the events that has attracted much attention in the crypto community is the fate of Ross Ulbricht.

Ross, who is known as the "genius who created the Bitcoin business empire", was imprisoned for creating the anonymous online trading platform "Silk Road", and up to 144,000 Bitcoins in his account were confiscated by the US government. Now, Trump has promised to pardon Ross on the first day of his presidency, which will undoubtedly cause a huge response in the cryptocurrency circle.

Born in 1984, Ross was originally an excellent master of physics and materials science. His thirst for knowledge drove him to explore various disciplines, from economics to philosophy, and even psychedelic drugs. He once said on social media that his life goal is to constantly explore the boundaries of human knowledge.

Ross's turning point came when he came into contact with Bitcoin. This decentralized cryptocurrency made him see huge business opportunities. He decided to create an underground market based on Bitcoin so that transactions could be carried out without intermediaries while ensuring user privacy. This decision eventually led to the birth of the legendary dark web "Silk Road".

Silk Road was founded in 2011 and was originally a website where almost all goods could be traded, similar to Taobao and Amazon. However, unlike traditional e-commerce, the platform only accepted Bitcoin transactions and quickly became the main place for Bitcoin transactions. In 2012, Silk Road's sales reached 22 million US dollars, and almost all transactions were settled in Bitcoin. At that time, the price of Bitcoin was only $12, which means that 2 million Bitcoins were circulated on the platform every year.

As the platform expanded, Ross gradually attracted a large number of suppliers and users, and Silk Road evolved into a huge underground business empire. The use of Bitcoin not only promoted its popularity around the world, but also made Ross regarded as a pioneer in the field of cryptocurrency. However, the illegal nature of Silk Road also made it a key target of US law enforcement agencies.

Bitcoin, as the main means of payment on the platform, has the characteristics of anonymity and decentralization, making Ross's "Silk Road" a safe haven for many illegal traders. With the diversification of traded goods, especially the increase in drug trade, Ross's ideals began to deviate from the track. He believed that the sale of drugs should be the result of personal choice, so he failed to stop these illegal activities in time, which eventually led to the decline of Silk Road.

It is reported that as Silk Road became more well-known, the US government began to investigate it. In October 2013, the FBI arrested Ross in a raid. He was accused of being the mastermind behind the Silk Road, operating an illegal trading market, involving drug trafficking, money laundering and other criminal activities. In 2015, Ross was sentenced to life imprisonment and was deprived of the right to bail. Although he regretted his actions and tried to appeal, the court upheld the original sentence.

It is worth mentioning that after Ross was arrested, the US government confiscated 144,000 bitcoins from his cryptocurrency wallet, which is worth tens of billions of dollars today. This move has caused a strong response from the outside world. Many people believe that Ross, as the founder of the platform, should not bear all the responsibility for the illegal behavior of users. His original intention was not to promote crime, but to use the power of decentralization to achieve free transactions.

Now that Trump has won the presidential election, many supporters in the cryptocurrency community believe that Ross has a chance to be pardoned. Trump released some controversial figures during his first term, and the crypto community expects him to continue this tradition and extend his hand of pardon to Ross. After all, Trump frequently expressed his support for cryptocurrency during the campaign and promised to pardon Ross on his first day in office.

Trump's promise not only caused a positive response in the cryptocurrency circle, but also brought new hope to Ross's supporters. Many people believe that Ross has played an important role in promoting the popularity and application of Bitcoin, and his pardon will help further promote the development of the industry.

At the same time, pardoning Ross will not only be a major concession by Trump to the crypto community, but may also trigger the public to rethink the legitimacy and free trading of cryptocurrencies. Many crypto supporters believe that if Trump really grants Ross a pardon, it will not only greatly enhance his reputation in the crypto community, but also promote the legalization of cryptocurrencies.

However, although many people support Trump's decision to pardon, there are also many who oppose it. They believe that Ross should be held responsible for the crimes that occurred on Silk Road, and that pardoning may send the wrong signal and encourage more illegal behavior. Some commentators pointed out that although Ross's actions were based on ideals, they ultimately led to serious social problems.

The debate over Ross’ fate continues between supporters and opponents. Regardless of the outcome, Ross’ story has undoubtedly added a rich chapter to the history of cryptocurrency.

In general, Ross Ulbricht's legendary life and his deep connection with Bitcoin have once again been pushed to the forefront. His fate at this time is not only about one person's freedom, but also a touchstone for cryptocurrency within the legal framework. If Trump's promise is fulfilled, it will be a major victory for the cryptocurrency community and a victory for the spirit of decentralization and free trade. In the days to come, Ulbricht's story will continue to trigger people's deep thinking about freedom, law and morality, while also adding more uncertainty to the future of cryptocurrency.