Quote from: Ira Dixon on April 04, 2018, 04:35:44 AM

Quote from: Moses Short on April 04, 2018, 04:34:18 AM

I get it , you are a journalist doing a story about how one uses the DNM and need to make a purchase ... good for you. Bitcoin is great for this

Lol no I am not, I am just curious as to why use Bitcoin and other crypto currencies. I have no idea what the process is like, and I have no desire to practice it myself but I do think its a big market that gives Bitcoin its high value. Am I wrong?

Most of bitcoins value still comes from speculation but yes, there is a growing market of inelastic demand from a circular economy of users who need bitcoin to survive.

Unfortunately, Bitcoin hasn't eaten much market share from the US dollar with arms trading and terrorism but it has been slowly eating away market share in these categories:

Drugs, gambling, prostitution, ransomeware, money laundering , capital flight.

This makes bitcoin somewhat of a blackmarket ETF where state governments heavily subsidize the value and premium of bitcoin by introducing regulation and laws which make bitcoin a valuable tool to route around these restrictions.

Therefore the best way to destroy much of the value of bitcoin is to make everything legalized and for all governments to become anarchistic. Thus Bitcoin is a hedge against anarchy and if you think governments and laws will continue to exist bitcoin has a bright future ahead.