4 ms·
Yeah, illegal things definitely don't end being sold above market price.
by WrtCdEvrydy 5y ago
Yeah, illegal things definitely don't end being sold above market price.
- handrous 5y agoI think this dynamic will play out very differently with something the value of which is mostly determined by current and future-expected transaction velocity & volume (to the extent that it's not sheer speculation). Now, the cost for services involving Bitcoin, like converting it into dollars, would probably shoot way up. Outlawing Bitcoin (or cryptocurrency generally) would cause a huge demand reduction. Some coins might adjust supply to compensate, but total crypto "market cap" would surely plummet.
- chitowneats 5y agoIf you can't exchange BTC for dollars other than in person, and if you can't use it to purchase goods online other than via TOR, that is not going to increase the price. It's going to crash it.