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1) All major currencies can already be easily exchanged. The only reason they depreciate rather than appreciate is that we have decided that depreciating curren
by gizmo686 13y ago
1) All major currencies can already be easily exchanged. The only reason they depreciate rather than appreciate is that we have decided that depreciating currencies are good for the market.
2) Bitcoin maintains a public record of every transaction. There are still ways to anonomize yourself (mixing services, proposed extensions like Zerocoin), but cash would still be my first choice.
- johndevor 13y agoAs for your 2): why did the Silk Road explode in popularity? I think, done correctly, Bitcoin offers people on-the-couch access to anything they could want, with the level of risk largely depending on their technical expertise.
- poolpool 13y agoWebsites to buy drugs have been around with weird e-currency like pecunix and e-buillion for so many years before bitcoin existed. The only difference between silk road and them is how little silk road did to stay low key.