Post
Topic
Board Service Discussion
Re: Have people stopped buying drugs on silk road due to price of BTC?
by
sedeki
on 08/04/2013, 21:45:11 UTC
All hypothetical of course.

Due to the high price of bitcoin, will that affect the silk road? Will people turn to different markets that deal with "proper" money [ducks and runs for cover] and hoard their BitCoin causing deflation?

Are there any figures?
The prices are adjusted to the USD.

Yes but BitCoin is rising in price all the time so some people might hold them to sell rather than to spend them.
Sure. But that was a explicit design goal.
I don't think this is a big problem though because Silk Road is a big reason why people buy BTC in the first place.