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The bigger story about SR is that Bitcoin price did not collapse 10x after the shutdown. Which shows that Bitcoin is used as gold, speculative store of wealth.
by oleganza 13y ago
The bigger story about SR is that Bitcoin price did not collapse 10x after the shutdown. Which shows that Bitcoin is used as gold, speculative store of wealth. And so it reasserts itself as a viable wealth transport.
- ceejayoz 13y agoWhy on earth would BTC collapse 10x after the SR shutdown? If anything, it'd drive the value up as a significant portion of the money supply just evaporated.
- oleganza 13y agoThat's also a way to look at it. But also consider that if there was significant demand in BTC just to spend on Silk Road, it would go away after SR is gone.