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Board Beginners & Help
Re: Counterfeit money on Silk Road?
by
notme
on 14/01/2012, 12:02:58 UTC
They don't want to get bitcoin traders involved in an infinite money loop?  Traders have a hard enough time with scammers, we don't need counterfeit currency floating around the community too
What do you mean when you say an infinite money loop? How selling/buying counterfeit physical currency will create an infinite money loop?

On a different note, wouldn't it be a great way to destabilize a bit the fiat currencies and turn the attention of the masses to Bitcoin? I know it's sounds a bit evil, but the fascinating thing about Bitcoin is that it's absolutely possible! Smiley

Ok, not infinite, since supply is limited.  But still, people would buy it with BTC then send it to BTC for cash services.  We don't need to actively tear down fiat currencies, just step to the side as they fall under their own weight.