Quote from: mobile on October 25, 2013, 06:25:16 PM

Quote from: San1ty on October 25, 2013, 01:23:02 PM

Quote from: hlynur on October 25, 2013, 01:18:36 PM

Quote from: sarc on October 25, 2013, 01:10:13 PM

Quote from: Loozik on October 25, 2013, 12:38:24 PM

Quote from: gandhibt on October 25, 2013, 12:22:22 PM

So we're going to $30 "again"? =)

It would be cool if we dropped like this. I wonder if Shroomskit managed to sell at the recent high.

yes, everyone likes a crash (no, really), but I was curious as to what allowed bitcoin to claw it's way back up after massive crashes, why didn't it die? It seems obvious to me now that silk road kept it going, and growing. Silk Road has gone - so what now?

posted before but deleted it, because i said it many times.

SR is gone, sheepmarket and BMR seeing exponential growth. (AFAIK from people buying there SR merchants simply changed marketplaces and do the same as before)
Ullbricht in the media worldwide was cheap advertising for new consumers to learn that you can buy high quality stuff on the TOR network.
pandora's box opened and hdyra is grwoing more heads.

this is bullish news for adaption of btc as a blackmarket currency.

Which in turn is bearish news for BTC in general.
I'd like for BTC to get rid of that "label".

This....
If I am out "preaching the gospel" or striking up a discussion with someone about BTC to someone that is not familiar with it at all or knows very little about it, 9 times out of 10 the conversation turns into me explaining that BTC is not only used to buy "drugs" and that "black markets" have liquidity in all currencies (fiat & crypto). I know the discussion has been beat into the ground but reading this made me resonate of how tired I get of the general ignorance of BTC being labeled the "Drug Currency". Huh

On another note, the BTC this past week is an effing roller coaster ride. This volatility is beautiful in the eyes of a frequent trader. Its funny to think a few months back how comfortable I got with it consistently trending at the $110-$120 range.

Long time lurker on this thread, first time posting. Cheers Cool

....

this is also my answer everytime i hear the drugterm:
yes you can buy drugs/weapons/pedostuff, but you can do the same with fiat in the real world and it's even less traceable. (either way it can't be completely prevented)
as i said before, there's nothing one can do about this evolvement, it's a two-sided-sword.
internet is about freedom of speech and information for everyone and bitcoin about freedom of market without direct involvement of the banking system.
bitcoin is docking in economy where its advantages are most useful and unfortunately this can be a lot of illegal stuff atm.
society is currently not ready to handle the versatility on a wider scale and it will be a funtime to watch how things will turn out.

like a toddler figuring out the conducting benefits of gold. At first it's just a shiny rare metal....

kay i'm stopping here, too much OT for observer thread...