Post
Topic
Board Economics
What would happen to Bitcoin if Silk Road dissappeared?
by
buck92
on 28/01/2012, 01:41:49 UTC
God damn Gawker at it again.  Roll Eyes

http://gawker.com/5879924/now-you-can-buy-guns-on-the-online-underground-marketplace

No wonder SR went down in the middle of me checking out what's new..  Cheesy

If the article on drugs being sold on SR brought some heat, wait until some senator hears about guns with scratched off serial numbers being sold anonymously on the internet...I can picture it now, someone capitol hill is sitting in front of their computer, jizzing their pants while reading this article, imagining all the grandstanding that could come out of all this.

I believe it is time to think about what would happen if SR suddenly disappeared from the web, would Bitcoin crash and burn along with it (or at least crash temporarily)? After all the June gawker article on SR was the beginning of the speculative bubble, bitcoin has been in. Since SR is the single largest entity actually using bitcoins for commerce (the rest is mostly speculative) what would happen if it disappeared? Anyone have thoughts?