Darkweb Markets

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jonncena
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Зарегистрирован: 29 июл 2022, 13:30

Darkweb Markets

Сообщение jonncena » 29 июл 2022, 13:32

Bitcoin's adoption depended on markets like Silk Road to pioneer, and what was special about Silk Road is that it was an almost completely free (as in freedom) market. Free markets are excellent for adoption because they don't require bureaucracy, permits, regulations or any other form of permission to run. The less permission required, the better a market can function. Therefore, there is more adoption, more merchants and more bitcoin use.

Without markets like Silk Road, bitcoin’s adoption is at risk, and the network is not as efficient as it could be.

The importance of Silk Road in Bitcoin's history is, without a doubt, massive since it pioneered bitcoin’s use as a medium of exchange, and still remains the biggest bitcoin goods and services marketplace in history.

Now that you have a decent idea on why such markets are so important, I'll do my best to explain why bitcoin is not used there anymore.
The Concept Of Fungibility And Why It Matters

According to the Merriam-Webster dictionary, fungible means “being something (such as money or a commodity) of such a nature that one part or quantity may be replaced by another equal part or quantity in paying a debt or settling an account.” This is untrue of bitcoin.

Each coin has its own history, and that history may be accounted for when a user tries to use his coins. That history could also lead to the user getting in trouble when using/holding coins that were used in a criminal manner, for example drug trade or an exchange hack.

In darknet markets, privacy is of high importance. Sellers and buyers want to protect their privacy in order to guarantee their safety when transacting. Law enforcement is not too kind to these types of markets and constantly monitors the websites and merchants for privacy leaks.




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