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Bad news probably for mainstream market adoption, but I don't agree that negative legislation necessarily removes incentives to buy bitcoins/drives the Bitcoin
by jerguismi 13y ago
Bad news probably for mainstream market adoption, but I don't agree that negative legislation necessarily removes incentives to buy bitcoins/drives the Bitcoin value down. Black market status has increased the price/value of certain goods, such as drugs.
Especially in countries with highly inflatonary currencies, or countries with strong currency controls, the black market demand for Bitcoin could be huge.
- loqi 13y agoMy understanding is that drugs are expensive mostly because of the risks involved in drug trafficking. I doubt you'll see the same kind of risk premiums in a bitcoin market.