Poppycock?

http://www.coindesk.com/bitcoin-economy-black-market-sin-report/


Comments


[7 Points] RIP_Meth_9000:

Well I was born an original sinner....I was born from original sin......And if I had a dollar bill for all the meth I did.....There'd be a mountain of METH piled up to my chin.....Bahahahaahaha!!!!!!

POST EDIT / Going to secure the user name "Poppycock_9000" right now!!!!!!!!


[2 Points] Vendor_BBMC:

Poppycock?

That is the correct answer. I would have also allowed "humbug", "bolderdash" and "absolute piffle".

I've bought a few used android phones and laptops with bitcoin. But they've always been business expenses necessary for making bitcoin from illicit activities, and paid for with illicitly-earned bitcoin.

I'm sure its possible to pay for a pizza somewhere using bitcoin. But why would you do that? Cash can do that without confusing the spotty-faced teen. But it's good that there are naive enthusiasts to give bitcoin a thin veneer of acceptability. Without that pasrt of the bitcoin iceberg above the waterline, we wouldn't have an alibi for using exchanges to trade the nine tenths that is invisible.

The reporter counts "exchanges" as legitimate, but its just the way bitcoins get from vendors back to customers. Its where the real drug expenditure / payment occurs.

Save your bitcoin for the difficult-to-buy things, like drugs, or politicians, or gas centrifuge technology from Pakistan.

Incidentally, have you ever typed "Pyongyang, north korea" or "Tehran, Iran" as your location on localbitcoins? You'd expect them to be empty, right?