THAT would be the acid-test of a new crypto: whether the black market guys would accept it.
I disagree. I am not here in crypto-land to create black markets. I am here to create a mainstream market of billions of people using crypto-currency.
Theres more money in the large scale open trade, I cant see the cocaine trade switching to bitcoin as its too open disclosed ? If they saw an advantage in doing so they would have moved into it already but i think they prefer dollars as a more discreet means to move and launder money. Bitcoin is more suitable for wide distribution efficently not centralisation like the cartels focused power