Silk Road wasn't the only reason for the bubble. Sure it helped, but at the same time it was being reported bitcoins were already gaining traction anyways, which is what lead to Silk Road being reported on to start with.
"So where can you use bitcoins?" "Well, I know this one place called Silk Road that uses it..." is pretty much how it became known in the press.
Topic: Silk Road was the best thing that has ever happened to Bitcoins. - page 4. (Read 8459 times)
October 14, 2011, 12:41:00 AM
October 14, 2011, 12:13:17 AM
My guess is that "bringing BitCoin to more people's attention", especially with the idea that "it can buy illegal things" is a very controversial position. I'd rather have a slow and steady system than one that goes through bubbles every few years. And I'd rather it not have certain types of attention.
I am stating it is the only true thing it can be used for. Otherwise Bitcoin will only benefit early adopters using their coins out of the fact that they already have them. Silk Road is the only true use, and if you argue against this point you are a fanboy. It's only uses are for illegalities, donating to Wikileaks, donating to Lulzec, anonymous. It will never bubble again without another Silk Road post. October 14, 2011, 12:04:40 AM
My guess is that "bringing BitCoin to more people's attention", especially with the idea that "it can buy illegal things" is a very controversial position. I'd rather have a slow and steady system than one that goes through bubbles every few years. And I'd rather it not have certain types of attention.
October 13, 2011, 11:51:58 PM
Without silk roads, and the subsequent underground marketplaces that utilize Bitcoins as well, it would be completely worthless. What is the point of Bitcoin. I understand you can argue: decentralized, we'll that's literally the only advantage I can think of.
Now, before the Gawker post, Bitcoins were practically worthless, and now that there hasn't been much news about Silk Road, the price has steadily gone down.
What the Bitcoin community needs to do is advertise it's easy for buying illegal items. If we don't do this it will fail miserably.
Whenever I told my friends about Bitcoins, they thought it was the most ridiculous and inconvenient thing to buy. I mean c'mon. Bank account-->Dwolla/paxum/LR/SEPA/etc...-->Mtgox/Tradehill/CampBX-->Bitcoin.
Who wants to go through that timely process for some digital currency that can't be used anywhere, except some odd website that sells novelty items.
Now, before the Gawker post, Bitcoins were practically worthless, and now that there hasn't been much news about Silk Road, the price has steadily gone down.
What the Bitcoin community needs to do is advertise it's easy for buying illegal items. If we don't do this it will fail miserably.
Whenever I told my friends about Bitcoins, they thought it was the most ridiculous and inconvenient thing to buy. I mean c'mon. Bank account-->Dwolla/paxum/LR/SEPA/etc...-->Mtgox/Tradehill/CampBX-->Bitcoin.
Who wants to go through that timely process for some digital currency that can't be used anywhere, except some odd website that sells novelty items.
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