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It is largely used in black market transactions, it exists without any regulations at all, and there are almost no mainstream businesses that actually deal in i
by kiba 14y ago
It is largely used in black market transactions, it exists without any regulations at all, and there are almost no mainstream businesses that actually deal in it (and even those that do are doing so through an intermediary service that is giving them dollars/etc.).
Please provide citation that silk road and other black markets are the majority of bitcoin's economy.
- pbreit 14y agoMy guess is that "black market" transactions make up the vast, vast majority of the economy (as in 80%, 90% or more on a txn basis and probably even on a volume basis) (assuming trading is not included). Is there any other use case for Bitcoin?
- kiba 14y agoThat is not evidence that black market transactions make up the vast majority of the economy. You need actual numbers, or you're just guessing.