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Topic: Without drug trading sites there would be no Bitcoin - page 2. (Read 1562 times)

sr. member
Activity: 280
Merit: 250
And  cash is most anonymous,  I can buy anything with it and no traces left.

Actually your fingerprints are on it.
sr. member
Activity: 280
Merit: 250
If you look at Coinmap. You will need many reason why Bitcoin can do well without drug trading site.
full member
Activity: 147
Merit: 100
And  cash is most anonymous,  I can buy anything with it and no traces left.
newbie
Activity: 26
Merit: 0
BitCoin is the future and we are in the future.  Huh
It won't be long before more stores who don't need to hide in the dark will accept Bitcoins and then it will go boom again.
legendary
Activity: 1232
Merit: 1195
What evidence is there that bitcoin is more likely to be used in a drug sale than the $USD?

There is none. Just look at all the destruction and vice you can buy with the $: guns and bombs and drugs and porn and sex and hitmen etc etc. Far easier to procure those things with fiat than it is crypto.
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
What evidence is there that bitcoin is more likely to be used in a drug sale than the $USD?
legendary
Activity: 1232
Merit: 1195
Is this a similar discussion to how the adult industry helped bring about many popular (and now not so popular) technologies?

http://skeptics.stackexchange.com/questions/5052/is-the-pornography-industry-important-in-the-adoption-of-new-technology-or-media

Ie, print, vhs, dvd, etc.

OMG ban DVDS and VHS and cash!  Grin

It will be interesting to see what would happen to the value of another altcoin if Silk Road or some other black market site started accepting them.
newbie
Activity: 23
Merit: 0
Bitcoin is the Future for fast&secure ePayment!

Not the Drug Trading Sites raised the Rate.

Not agreeing, sha256 is far to unsecure for this being the future of payment...
newbie
Activity: 14
Merit: 0
or it would only be worth 0.000001.  Now lets think for a second

And think of how many Non-drug reasons to buy bitcoin we can
and tell our friends!

drive the price up to $1 MILLION Smiley

Ohh, you're so wrong with that!
Bitcoin is the Future for fast&secure ePayment!

Not the Drug Trading Sites raised the Rate.
global moderator
Activity: 3990
Merit: 2717
Join the world-leading crypto sportsbook NOW!
Is this a similar discussion to how the adult industry helped bring about many popular (and now not so popular) technologies?

http://skeptics.stackexchange.com/questions/5052/is-the-pornography-industry-important-in-the-adoption-of-new-technology-or-media

Ie, print, vhs, dvd, etc.

Yeah, it's very similar. The argument of Bitcoin being used for nefarious/unscrupulous purposes is also a mute one. You can buy all the illegal stuff and more with fiat money anyway.
newbie
Activity: 8
Merit: 0
Is this a similar discussion to how the adult industry helped bring about many popular (and now not so popular) technologies?

http://skeptics.stackexchange.com/questions/5052/is-the-pornography-industry-important-in-the-adoption-of-new-technology-or-media

Ie, print, vhs, dvd, etc.
global moderator
Activity: 3990
Merit: 2717
Join the world-leading crypto sportsbook NOW!
Quote
Without drug trading sites there would be no Bitcoin


I don't think that's true, but the black market use did help and quicken its rise, and the publicity - good or bad - from the use on Silk Road etc did bring it into the mainstream's attention.

This is exactly it. Any publicity is good publicity. All we need is the mainstream's attention, and the benefits of cryptocurrencies will become self-evident.

Well, silk road and other illegal market did have an impact on bitcoin and cryptocurrencies as such. However, I dont believe that they would be useless without.
They simply improved the velocity of crypto growth.

Also true. Without Bitcoins use in SR it definitely would've had a slower growth.
newbie
Activity: 23
Merit: 0
Well, silk road and other illegal market did have an impact on bitcoin and cryptocurrencies as such. However, I dont believe that they would be useless without.
They simply improved the velocity of crypto growth.
full member
Activity: 182
Merit: 100
I disagree, the drug trade is not running the bitcoin market, it is the black market and underground trades which brought it the peoples attention which has seen a boom in the price of hardware to mine.
legendary
Activity: 1232
Merit: 1195
Quote
Without drug trading sites there would be no Bitcoin


I don't think that's true, but the black market use did help and quicken its rise, and the publicity - good or bad - from the use on Silk Road etc did bring it into the mainstream's attention.
legendary
Activity: 1039
Merit: 1005
Starting from incorrect assumptions you can come to arbitrary conclusions.
So what?

Onkel Paul
member
Activity: 84
Merit: 10
or it would only be worth 0.000001.  Now lets think for a second

And think of how many Non-drug reasons to buy bitcoin we can
and tell our friends!

drive the price up to $1 MILLION Smiley
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