Replying to Avatar Ben Ewing

That's my point. You're saying there will be mass adoption of these things despite them being black market money. My point is that I don't think so unless fiat becomes so bad that people want to take that risk, and I think that's only likely once inflation is maybe +50%/y or cbdc's make purchasing stuff you want difficult enough to risk prison for
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Saberhagen The Nameless 1y ago

I never said a word about mass adoption...

I agree with you though about your last part. Ironically the better things are the less need there is for crypto. The harder the state squeezes the more transactions spill over to black markets and truly permissionless crypto.

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Layerjack (Onion Knight) 1y ago

If the black market grows enough, mass adoption is possible.

At the moment crypto is too hard to use for most people who just wanna order a small amount of bud.

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Ben Ewing 1y ago

You said 'drugs are illegal and that never stopped anyone'.

Yes, that's correct, so long as people recognise things are getting worse/ punishments for black market don't get more severe.

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Saberhagen The Nameless 1y ago

Correct. Being illegal never stopped anyone who wanted drugs or anything else.

Black markets absolutely thrive under that kind of environment. Black markets under iron fisted rule of communist nations, that had the harshest of punishments, are some of the most prolific and well known in history. Yes, let's not hope it gets to that point, but it would make black markets more, not less, popular.