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Topic: Silkroad LTC appeal (Read 1987 times)

newbie
Activity: 14
Merit: 0
June 18, 2013, 11:45:26 AM
#26
I don't think that by shutting down SR directly defines bitcoins fall, but it will severely damage bitcoins current somewhat stable economy. A lot more companies adopting it is what will eventually sustain bitcoin. That's why it's necessary that we spread the word as much as we can so that eventually the number of people that support bitcoin outweighs SR's support. 

Agreed, but the unfortunate truth is that a handful of black markets adopting bitcoin will have a more significant/positive (stabilizing) effect for the btc economy than a handful of established companies, unless they're really major players like ebay, amazon, paypal or google/apple. In terms of profits, SR is said to return >= ~20M per year, that's fairly significant and means there'll be a constant supply of people wanting to trade via btc.
hero member
Activity: 602
Merit: 500
R.I.P Silk Road 1.0
June 18, 2013, 10:30:52 AM
#25
I think it's hugely naive to think that bitcoin's success isn't directly related to sites like Silk Road.

I mean, with the exception of hobbyists and enthusiasts, why would anyone go to the trouble of using bitcoin to buy something they could just buy on amazon or at the shops?

If coins are to succeed, they need a niche. Sex toys and steam codes are not a niche, I can buy a vibrator in town and ensure anonymity with shades and a hat. I can buy steam codes, from steam.

Drugs however, well I'm not 15 anymore. Hypothetically, I don't want to be waiting on back streets for someone who might or might not mug me to get a bad deal on a bad product. I, and most other sensible people, would much prefer to go online, select from a wide array of reviewed sellers and get stuff delivered to my door by someone who definitely won't mug me, ie, the mail man.

This is crypto-currencies main niche, this is the key to it's success, this is it's future. If you don't like drugs or think that crypto needs to cast off this "bad image" then, frankly, I think you are in the wrong place. You shut down SR (et al), you shut down Bitcoin.

I don't think that by shutting down SR directly defines bitcoins fall, but it will severely damage bitcoins current somewhat stable economy. A lot more companies adopting it is what will eventually sustain bitcoin. That's why it's necessary that we spread the word as much as we can so that eventually the number of people that support bitcoin outweighs SR's support. 
hero member
Activity: 602
Merit: 500
R.I.P Silk Road 1.0
June 18, 2013, 10:23:47 AM
#24
However, this will severely taint LTC's reputation for life.

more drugs, assassinations, murders and other crimes were facilitated through the exchange of the USD than any other currency, it didn't seem to taint the dollar at all...

Because the nation that issues the dollar has its strong hold grip on the world. Who's going to stop them? If crypto currency were to pose a threat to the established order they would do anything at their will to annihilate it. Who owns bitcoin? No one, just a bunch of enthusiasts and speculators.

fitting that this was your 420th post

Ha ha! Seriously.
legendary
Activity: 2156
Merit: 1131
June 18, 2013, 09:09:09 AM
#23
However, this will severely taint LTC's reputation for life.

more drugs, assassinations, murders and other crimes were facilitated through the exchange of the USD than any other currency, it didn't seem to taint the dollar at all...

Because the nation that issues the dollar has its strong hold grip on the world. Who's going to stop them? If crypto currency were to pose a threat to the established order they would do anything at their will to annihilate it. Who owns bitcoin? No one, just a bunch of enthusiasts and speculators.

This x1000
sr. member
Activity: 350
Merit: 250
June 18, 2013, 08:50:23 AM
#22
okay, seeling car freshners then

After seeing that image I'll never leave my house again anyways. So no need for those either...
newbie
Activity: 14
Merit: 0
June 18, 2013, 08:43:28 AM
#21
okay, seeling car freshners then
sr. member
Activity: 350
Merit: 250
June 18, 2013, 08:05:14 AM
#20
I don't know, man... I find that picture errily erotic...
I've never claimed the opposite  Cool

selling a virtual pair of TFT-screen wipers for 1 BTC

But I like the glossy look of my screen after seeing pictures like that.
newbie
Activity: 14
Merit: 0
June 18, 2013, 07:44:11 AM
#19
I don't know, man... I find that picture errily erotic...
I've never claimed the opposite  Cool

selling a virtual pair of TFT-screen wipers for 1 BTC
full member
Activity: 174
Merit: 253
June 18, 2013, 07:13:10 AM
#18
I don't know, man... I find that picture errily erotic...
I've never claimed the opposite  Cool
sr. member
Activity: 350
Merit: 250
June 18, 2013, 06:36:41 AM
#17
 

I don't know, man... I find that picture errily erotic...
newbie
Activity: 14
Merit: 0
June 18, 2013, 06:14:27 AM
#16
I think it's hugely naive to think that bitcoin's success isn't directly related to sites like Silk Road.

most currencies started out with a "healthy black market" to provide the foundation for adoption. It's one of the prerequisites, simply because we cannot pay taxes using btc - but people ARE making btcs each day, so there's a community of folks who rely on the currency
full member
Activity: 174
Merit: 253
June 18, 2013, 05:56:53 AM
#15
 Whats the point of just reposting my pic?
newbie
Activity: 51
Merit: 0
June 18, 2013, 05:33:08 AM
#14
I think it's hugely naive to think that bitcoin's success isn't directly related to sites like Silk Road.

I mean, with the exception of hobbyists and enthusiasts, why would anyone go to the trouble of using bitcoin to buy something they could just buy on amazon or at the shops?

If coins are to succeed, they need a niche. Sex toys and steam codes are not a niche, I can buy a vibrator in town and ensure anonymity with shades and a hat. I can buy steam codes, from steam.

Drugs however, well I'm not 15 anymore. Hypothetically, I don't want to be waiting on back streets for someone who might or might not mug me to get a bad deal on a bad product. I, and most other sensible people, would much prefer to go online, select from a wide array of reviewed sellers and get stuff delivered to my door by someone who definitely won't mug me, ie, the mail man.

This is crypto-currencies main niche, this is the key to it's success, this is it's future. If you don't like drugs or think that crypto needs to cast off this "bad image" then, frankly, I think you are in the wrong place. You shut down SR (et al), you shut down Bitcoin.
newbie
Activity: 14
Merit: 0
June 17, 2013, 06:16:21 PM
#13
it makes sense for black markets to also look at alternative crypto-currencies, even just for diversification - imagine major bitcoin exchanges being attacked or shut down, or other events causing high volatility, such as a flood of ASIC devices becoming available ...  Grin
newbie
Activity: 41
Merit: 0
June 17, 2013, 06:13:24 PM
#12
However, this will severely taint LTC's reputation for life.

more drugs, assassinations, murders and other crimes were facilitated through the exchange of the USD than any other currency, it didn't seem to taint the dollar at all...

Because the nation that issues the dollar has its strong hold grip on the world. Who's going to stop them? If crypto currency were to pose a threat to the established order they would do anything at their will to annihilate it. Who owns bitcoin? No one, just a bunch of enthusiasts and speculators.

fitting that this was your 420th post
hero member
Activity: 602
Merit: 500
R.I.P Silk Road 1.0
June 17, 2013, 06:07:44 PM
#11
However, this will severely taint LTC's reputation for life.

more drugs, assassinations, murders and other crimes were facilitated through the exchange of the USD than any other currency, it didn't seem to taint the dollar at all...

Because the nation that issues the dollar has its strong hold grip on the world. Who's going to stop them? If crypto currency were to pose a threat to the established order they would do anything at their will to annihilate it. Who owns bitcoin? No one, just a bunch of enthusiasts and speculators.
legendary
Activity: 1582
Merit: 1002
HODL for life.
June 17, 2013, 01:42:09 PM
#10
more drugs, assassinations, murders and other crimes were facilitated through the exchange of the USD than any other currency, it didn't seem to taint the dollar at all...

lol... you said taint.
newbie
Activity: 14
Merit: 0
June 17, 2013, 12:57:09 PM
#9
However, this will severely taint LTC's reputation for life.

more drugs, assassinations, murders and other crimes were facilitated through the exchange of the USD than any other currency, it didn't seem to taint the dollar at all...
hero member
Activity: 784
Merit: 500
June 17, 2013, 11:33:02 AM
#8
Isn't Atlantis already using LTC?

Atlantis is accepting both LTC and BTC.
hero member
Activity: 602
Merit: 500
R.I.P Silk Road 1.0
June 17, 2013, 11:11:46 AM
#7
However, this will severely taint LTC's reputation for life.
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