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All platforms kickstart within a niche. Remember when Facebook was just for students? Or when Bitcoin was "just for drug dealers" (it wasn't, but that's what th
by mtgx 9y ago
All platforms kickstart within a niche. Remember when Facebook was just for students? Or when Bitcoin was "just for drug dealers" (it wasn't, but that's what the media got everyone to believe).
- mattsfrey 9y agoSeeing some downvotes on this but TBH Silk Road and the underground economy _is_ what originally drove the lions share of demand for bitcoin as a currency, not miners and enthusiasts - everything else ballooned out from there.
- richardwhiuk 9y agoIs Bitcoin for something other than drug dealers and speculation yet?
- alphydan 9y ago> what originally drove the lions share I think that is known to be false (although it is repeated ad nauseam on HN). The best estimate around 2011 / 2012, is from this study: https://arxiv.org/abs/1207.7139 https://arxiv.org/abs/1207.7139 which estimated SR transactions to be between 4% - 9% of the total Bitcoin transactions. Hardly what I would call "The lion's share".