4 ms·
You need one more category "0 - carries a stigma (used by drug dealers, pornographers, etc.)"
by stevewilhelm 13y ago
You need one more category "0 - carries a stigma (used by drug dealers, pornographers, etc.)"
- dwaltrip 13y agoReally?! $300 billion worth of drugs is moved each year using "traditional currency". Oh and also, silk road was shut down, and the price doubled. Judge the tech on its features and potential, not who uses it.
- stevewilhelm 13y agoReally. Given that Gross World Product was 72 trillion dollars[1] last year, only 0.4% (by price) of all global trade for goods and services was illegal drugs. [1] http://en.wikipedia.org/wiki/Gross_world_product http://en.wikipedia.org/wiki/Gross_world_product
- bunderbunder 13y agoNowadays, that'd be a pretty decent characterization of many physical currencies as well. Case in point: Most US $100 bills circulate in the black market. Most paper currency circulating in the USA has traces of cocaine on it.
- stevewilhelm 13y agoTrue. Trading in a physical currency also carries a stigma. But don't confuse physical currency with fiat currency. Electronic transactions, direct deposit, wire transfers, credit card payments, etc., denoted in fiat currencies are the norm. The reason Bitcoin and physical currency carry a stigma is both can be spent or received anonymously: which is perfect for illegal transactions.
- Geee 13y agoFunniest comment ever. If there's a stigma it's because it's used by nerds.