SaberhagenTheNameless on Nostr: All white market transactions are irrelevant when it comes to permissionless money ...
All white market transactions are irrelevant when it comes to permissionless money because they are all permissioned.
Regulators can set any arbitrary rule on Bitcoin transactions there, up to, and including, banning them.
Black markets (AKA actual free markets), which darknets are a subset of, are the only real metric for Bitcoins value prop (permissionless transactions)
Bitcoin was the first mover and had the largest network effect on DNMs. That Monero is single-handedly taking over, despite that huge advantage, should tell you something.
Regulators can set any arbitrary rule on Bitcoin transactions there, up to, and including, banning them.
Black markets (AKA actual free markets), which darknets are a subset of, are the only real metric for Bitcoins value prop (permissionless transactions)
Bitcoin was the first mover and had the largest network effect on DNMs. That Monero is single-handedly taking over, despite that huge advantage, should tell you something.