Post
Topic
Board Economics
Re: Bitcoin is backed by blackmarkets
by
zorke
on 24/09/2014, 04:35:02 UTC
This is not a good goal to have for bitcoin. If too high of all bitcoin related trade is done on blackmarkets then bitcoin will be much more heavily regulated (including the ability to buy and sell bitcoin with fiat) which will decrease it's value.

I would argue this is what happened when Gox's $5 million account was seized last year - it was too easy to take bitcoin from SR and sell it on Gox