> why does virgin bitcoin hold a premium over circulated ones Because people doing bad things are happy to swap their dirty coins for clean ones that can be sp

> why does virgin bitcoin hold a premium over circulated ones Because people doing bad things are happy to swap their dirty coins for clean ones that can be spent in the developed world. The people mining the clean coins in Mongolia couldn't care less about the other party selling weed on the internet in Germany and happily take the generous premium. > And why do coins seized by law enforcement sell for bellow market value? Because the onerous requirements to purchase such bitcoin from the government adds cost and simply buying the same amount on market has very little friction or overhead.