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I wonder how much of bitcoin's value is related to it's ability to buy illegal drugs?
by jiggy2011 14y ago
I wonder how much of bitcoin's value is related to it's ability to buy illegal drugs?
- nthitz 14y agoI posited a similar question on a previous BitCoin post and received this response: http://news.ycombinator.com/item?id=5189994 http://news.ycombinator.com/item?id=5189994 "but odds are that the vast majority of Bitcoin usage still isn't on the Silk Road."
- RobertHoudin 14y agoWhat is the best way to buy Bitcoin, assuming one wanted to maximise their anonymity?
- hendzen 14y agoEven if this was true, does it matter? At the end of the day, value is value. I know there's a lot of fatigue on HN about bitcoin stories from the initial spam when it first broke into the mainstream (well, the tech mainstream at least) but it really is a game changer IMO. By the way, I have never owned any bitcoin. I just find it fascinating.
- jiggy2011 14y agoIt might matter. If the main incentive to buy bitcoin is to buy drugs and there is suddenly a crackdown from law enforcement you can expect the value to tank pretty fast.
- drewblaisdell 14y agoActually, I think law enforcement backing off of drugs (decriminalization, etc) would hurt bitcoin more than the opposite.
- jiggy2011 14y agoSure, but which is more likely to happen?
- feverishaaron 14y agoI was wondering if this is a reaction to the whole 6 strikes thing, and the desire to avoid detection with a seedbox or VPN. Of course, which you would want to pay for anonymously.
- runn1ng 14y agoI would say a lot. If you think - why would you use anonymous and basically untracable currency for? Turns out it is used mostly for drugs and anonymous online services. And a little for online casinos.