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Regarding number 4, are you sure it's not the other way around?

• MichaelApproved 10y ago
  > 4) As long as bitcoin is useful for buying drugs or another criminal activity, it's going to be worth something. How does that turn around?
  • hexane360 10y ago
    I think they mean this: As long as bitcoin is worth something, it's going to be useful for criminal activity.
    • elevensies 10y ago
      yeah this is what I meant.
• runeks 10y ago
  Both of you are right. One does not exclude the other. Bitcoins having value creates a demand from merchants, who want to accept them and sell them for USD, and drugs being available for bitcoins creates a demand from consumers, who buy bitcoins and send them to merchants. If the Bitcoin market consisted solely of drug trade, it would constitute drug sellers selling bitcoins to drug consumers on exchanges, only to again receive the same bitcoins shortly thereafter, as payment for drugs.