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Bitcoin will never be a mainstream medium for exchanging goods just by the fact that its harder to explain casual/newbies that 1 USD gets you 0.001XXX BTC or le

Bitcoin will never be a mainstream medium for exchanging goods just by the fact that its harder to explain casual/newbies that 1 USD gets you 0.001XXX BTC or less and those the reason why the "point system" used by virtual money in videogames is more appealing than explaining their money value in nano cents units. IMHO bitcoin is a proof on how far people can go just to buy illegal drugs.

awt 10y ago
The illegal drug market in BTC wasn't actually a thing. It never mattered to anyone but journos.
- davidgerard 10y ago
  This is the opposite of a factual claim. In 2014, darknets were bigger than legal purchases. https://www.usenix.org/conference/usenixsecurity15/technical-sessions/presentation/soska https://www.usenix.org/conference/usenixsecurity15/technical...
  - awt 10y ago
    Do you think it's possible anonymous markets themselves may not be the best sources of information about actual volume of transactions occurring on them? Certainly they have some incentive to fake volume, and no real accountability since .. they're anonymous.
    - davidgerard 10y ago
      1. You made a claim. 2. I provided a citation against your claim. 3. You assert there's evidence ... somewhere. Do you have anything to back your claim?
      - awt 10y ago
        my claim that not much was happening? No. I also don't have proof there's no god, or that unicorns don't exist, and so on.
        davidgerard 10y ago
        > "The illegal drug market in BTC wasn't actually a thing." Back up this claim, because it sure looks like it was.
        SadWebDeveloper 10y ago
        So we have at least 144k BTC seized by the US government to silk road only (http://www.coindesk.com/us-government-to-sell-44000-btc-in-final-silk-road-auction/ http://www.coindesk.com/us-government-to-sell-44000-btc-in-f...) and yet you still claim that all this could be fake? BTC market its still alive thanks to darknets, nobody is going to purchase legal goods in BTC (except maybe ppl from countries banned in the USA) just by the fact they are usually more expensive than purchasing it directly (at least 1.5x).
        awt 10y ago
        Is it possible that some not so wise folks left large amounts of btc on excahanges that had risen in value 100x from when they'ed been transferred to the silk road wallet? Also, what do you know of the offline blackmarket volume of cocaine, heroine, meth? How does it compare to the (self reported) volume on darknet markets? Is it even notable in comparison? Why do you think cartels don't run their own dark markets? Because they're idiots?
        SadWebDeveloper 10y ago
        dude you have to be a complete idiot to answer facts with stupid allegations and pointless ramblings on digital currency markets vs real markets and illegal markets. My point is... Bitcoin is solely used for purchasing illegal goods on the internet yours is a weak argument on "all that data is fake, bitcoin darknets massive amount of money is a dream made by journalist, everybody is using bitcoin for legit goods, i mention cartels on my comment to made a stupid and pointless mention on who runs darknets".
ue_ 10y ago
Well there are units for various sizes: https://en.bitcoin.it/wiki/Units#Table_of_all_units https://en.bitcoin.it/wiki/Units#Table_of_all_units and saying "1 USD gets you about 1 millibit" or something isn't that bad. I really want to use bitcoin for my purchases.

awt 10y ago

The illegal drug market in BTC wasn't actually a thing. It never mattered to anyone but journos.

davidgerard 10y ago
This is the opposite of a factual claim. In 2014, darknets were bigger than legal purchases. https://www.usenix.org/conference/usenixsecurity15/technical-sessions/presentation/soska https://www.usenix.org/conference/usenixsecurity15/technical...
- awt 10y ago
  Do you think it's possible anonymous markets themselves may not be the best sources of information about actual volume of transactions occurring on them? Certainly they have some incentive to fake volume, and no real accountability since .. they're anonymous.
  - davidgerard 10y ago
    1. You made a claim. 2. I provided a citation against your claim. 3. You assert there's evidence ... somewhere. Do you have anything to back your claim?
    - awt 10y ago
      my claim that not much was happening? No. I also don't have proof there's no god, or that unicorns don't exist, and so on.
      - davidgerard 10y ago
        > "The illegal drug market in BTC wasn't actually a thing." Back up this claim, because it sure looks like it was.
      - SadWebDeveloper 10y ago
        So we have at least 144k BTC seized by the US government to silk road only (http://www.coindesk.com/us-government-to-sell-44000-btc-in-final-silk-road-auction/ http://www.coindesk.com/us-government-to-sell-44000-btc-in-f...) and yet you still claim that all this could be fake? BTC market its still alive thanks to darknets, nobody is going to purchase legal goods in BTC (except maybe ppl from countries banned in the USA) just by the fact they are usually more expensive than purchasing it directly (at least 1.5x).
        awt 10y ago
        Is it possible that some not so wise folks left large amounts of btc on excahanges that had risen in value 100x from when they'ed been transferred to the silk road wallet? Also, what do you know of the offline blackmarket volume of cocaine, heroine, meth? How does it compare to the (self reported) volume on darknet markets? Is it even notable in comparison? Why do you think cartels don't run their own dark markets? Because they're idiots?
        SadWebDeveloper 10y ago
        dude you have to be a complete idiot to answer facts with stupid allegations and pointless ramblings on digital currency markets vs real markets and illegal markets. My point is... Bitcoin is solely used for purchasing illegal goods on the internet yours is a weak argument on "all that data is fake, bitcoin darknets massive amount of money is a dream made by journalist, everybody is using bitcoin for legit goods, i mention cartels on my comment to made a stupid and pointless mention on who runs darknets".

ue_ 10y ago

Well there are units for various sizes: https://en.bitcoin.it/wiki/Units#Table_of_all_units https://en.bitcoin.it/wiki/Units#Table_of_all_units and saying "1 USD gets you about 1 millibit" or something isn't that bad. I really want to use bitcoin for my purchases.