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SilkRoad was important, but most important was its community (dkn255hz262ypmii.onion) that it's still online. You see, the most important things for the anonymo
by pera 13y ago
SilkRoad was important, but most important was its community (dkn255hz262ypmii.onion) that it's still online. You see, the most important things for the anonymous market are the WoT and the PGP pubkeys, and that's not illegal (at least until now).
Additionally Black Market Reloaded was already very popular when SR was seized.
I believe that what is pushing Bitcoins value is that many people call it "the credit card of the 21st century" and they are buying bitcoins as shares of the next Visa.
EDIT: as wildgift said, there is no insurance in Bitcoin yet, but I'm sure that if Bitcoin starts being really popular we are going to start seeing online wallets with insurance provided by big corporations. CCs (as a technology) don't include insurance either...
- wildgift 13y agoI thought this too, but then, due to my lame password management, my mtgox account got owned and they took out around $250. Oh well. Easy come easy go. But what I learned is that bitcoins really are like cash. You lose it, and you won't get it back. That's what's different with Visa - there's an element of insurance with a credit card, and that is greater than what you get with a bank's checking account. The insurance of being able to cancel a check is what you get with a regular checking account, and that's greater safety than what you get with bitcoin. Of course, there's a price to this insurance, and it's the fees, which are much higher than what you pay for bitcoin transactions.