Bitcoin has now been classified as a commodity in the USA by the Commodities Futures Trading Commission.
So, what does this now mean for Bitcoin as it relates to Dark Net Markets?
I assume, under this new ruling, anybody who sells or accepts bitcoins will be regulated by this Commodity Commission and be put in their database to keep track of where all these bitcoins are going.
I am also under the assumption that Bitcoins will now be taxed.
What does all of this information mean for Bitcoins in relation to the Darknet Market economy.
It means that once enough people are forced into reporting well all switch to another crypto. Its going to be EXACTLY like the rc market. Oh, one is now monitored by the government? Here's 9001 new ones
Edit: That said, we could literally all be trading runescape gold for example. Also virtually untraceable, and the FBI can suck a dick if they think Chinese gold farmers would spill information, even if they kept it. There are so many ways they can't hope to keep up with.