Post
Topic
Board Bitcoin Discussion
Re: 76% of dark market using Bitcoin
by
DdmrDdmr
on 16/08/2019, 14:00:58 UTC
<…>
Stated in the manner it is in the OP, the reading is that 76% of the Dark Market TXs take place involving Bitcoin, which is not the case. The article referenced in the OP talks about BTC dominance of 76% over crypto TXs used in the Black Market, but does not quantify those shares vs the complete pool of TXs including FIAT.

I tried to find the information quantifies, but only managed to come across a Medium article (see https://medium.com/@tokenmeister.social/what-is-the-black-market-worth-and-how-much-of-it-is-crypto-daf46e420d8d) that stated right at the end of the text the following:
Quote
<…> To give you a clearer picture of the proportions, sources estimate that black market deals by means of cryptocurrency could go as high as $1.5 billion this year. This sounds like a huge deal. And yet — compared to the total black market valuation of $1.63 trillion, that is beer money. The rest is fiat.
Unfortunately, the source for the data (DarkWebNews) is now inaccessible, but if the data is anywhere near being true, the 76% in the title really should be properly contextualized ...