/biz/ - Business & Finance

>>55579374
>Why are most darkweb sites still using BTC?

It's hovering at around 50% now, with most new markets these days being Monero-only. At this rate BTC will be fully abandoned within a couple of years.

Why? Its the easier option, DNM customers are often lazy faggots who prefer to buy crypto on Coinbase so some admins continue to indulge them.

>I feel like if they only accept BTC it must be a fed entrapment operation

As time passes and more DNMs go Monero-only the pressure will ramp on the holdouts to finally flip lest they start being branded as fed honeypots.

>>55579466
>How much monero is enough btw?

An unknown amount.

>>55554486
>BTC will always be useful because its the Original cryptocurrency. That holds more weight than what any functionaly can provide. Being the first to something means more than anything else.

lol soon you won't be able to spend BTC in the very darknet economy it spawned because everybody is now abandoning it for Monero.

>>55367227
>"Legitimate" and institutional markets are considerably larger than black and grey markets, and that is where Bitcoin is focusing its energy. We're watching the effects in real time, as US institutions get on board.

None of this is permissionless, any white market adoption forever puts the Bitcoin economy at the mercy of the State, and the State is likely to legislate all competing currencies out of the mainstream economy once CBDC Fedcoins are rolled out.

The black market, on the other hand, is by definition immune to State interference and fully regulation-proof. Can't get any more comfy than that.

>But even then, if Bitcoin continues to become the number one "bubble" or store of value

lol a bubble as a store of value, that's brilliant

>black market participants will also use it as a savings vehicle, even if they do deals in Monero

BTC is increasingly toxic to black market participants, that's why its getting shitcanned from the darknet economy at a rapid pace.

>>55329526
>fuck off shitcoiner

lol impotent rage

>>55272407

This Is Good For Bitcoin™

lol the continuing abandonment of Bitcoin is really starting to speed up now: Cypher Market, one of the oldest DNMs around has announced they've finally decided to shitcan BTC and jump on the Monero-only bandwagon effective immediately.

I think this puts us at over 20 Monero-only DNMs now. For comparison, this time last year there were just 6.

Bitcoin is so fucked, its just a matter of how long it takes for a critical mass of bagholders to realize there's virtually no sustainable economic activity propping up the price.