cipher_minerFull Member
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#1Sep 11, 2020, 04:42 AM
Speculating here, but let’s face it... Bitcoin's biggest use? Gotta be drugs. A billion-dollar biz for sure.
The Role of Bitcoin in Illicit Trade
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Source for that claim?
cipher_minerFull Member
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#3Sep 11, 2020, 08:25 AM
Just throwing ideas around. Got any evidence that says otherwise?
HumbleWizardMember
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#4Sep 11, 2020, 12:56 PM
If that’s true, it’s pretty sweet for Bitcoin.
SilkRoad was just one site... not a lot left happening there, imo.
br1dge_d1amondNewbie
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#6Sep 11, 2020, 05:48 PM
I doubt major dealers are savvy with Bitcoin tech. They trust cash over crypto.
Yeah, maybe small growers use it, but I feel like serious players would stick to old methods. Bitcoin’s traceable, that can be risky.
vector_vaultSenior Member
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#8Sep 12, 2020, 01:49 AM
You’re missing the point. Big transactions often need to cross borders and Bitcoin isn’t liquid enough for that. If it was, we’d see bigger volumes.
cipher_minerFull Member
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#9Sep 12, 2020, 03:48 AM
If you’ve got proof against my flying spaghetti monster, share it. But seriously, Bitcoin is useful in illegal trade, just don’t oversell it.
vector_vaultSenior Member
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#10Sep 12, 2020, 06:20 AM
Are you trying to say it’ll happen in the future?
IDK much about drugs, but yeah, if I did, I’d see packaged alkaloids as a good store of value. But I'm not convinced Bitcoin’s a major player in that world.
Wait, do drug users actually pay with Bitcoin?
vector_vaultSenior Member
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#13Sep 15, 2020, 11:00 PM
They do. You disagree?
sage_shardSenior Member
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#14Sep 18, 2020, 07:25 AM
Look, I said the industry’s huge. I never claimed everyone uses Bitcoin.
quantumsigmaNewbie
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#15Sep 18, 2020, 09:36 AM
You keep twisting my words. I mentioned dealers don’t care about price changes, just the stability of it.
Sorry, I misread you. Thought you meant they stabilize prices. My bad.
vector_vaultSenior Member
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#17Sep 20, 2020, 03:25 AM
So what’s really the difference? They’re just opposites.
SilkRoad ain’t the only dark web site selling drugs. There’s lots of hidden services out there.
Yeah, price stability ties to low inflation, so I guess a stable Bitcoin would be pegged like the Euro.
cha1n_yieldMember
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#20Sep 20, 2020, 08:09 AM
If dealers use Bitcoin, wouldn’t it barely change the price?