FTC in the Dark Web?
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Hi all,
As I’ve been trading and exploring the world of cryptocurrencies, I’ve been hungry for breaking news. After checking out Coin Desk, Twitter, Facebook, and the various forums the other day, I stumbled on this:https://forum.litecoin.net/index.php?topic=1370.0
It made me think of how I was introduced to Bitcoin. Basically, a friend told me about the Silk Road and what it was all about. He explained that the buyers and sellers use Bitcoin to trade. I was intrigued in a number of ways. I had to see this Silk Road!
I got TOR up and going and went to the Silk Road site. It was so incredible to discover this underground marketplace that traded solely in Bitcoins. If you ever want to see Bitcoins in action, check out this website.
Anyways, it’s a huge frickin’ market and they all trade with a single currency: BTC. After checking out the Atlantis site I realized it’s essentially a Silk Road duplicate that trades with Litecoin and Bitcoin. if you get to the Atlantis site on TOR it describes Litecoin as the “high return investment,” and Bitcoin as the “safe investment.”
Ok, so what’s the point matey?
The point is, there’s a lot of people trading in the Dark Web. With Litecoin now in the trading picture it makes me wonder if acceptance in the Dark Web is like a stamp of approval or something. Think about it, sites like these on TOR are drug deals. People in that market tend not to muck around.
What if FTC were being used in the Dark Web?
I’d love to hear everyone’s thoughts about this. Would it be good for FTC overall? Are there moral issues?
Please, discuss.
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Hello,
I was thinking about this earlier today and thought I might share how I see it.
I think that BTC and LTC having ‘underground’ market sites increase their value, however, that is not the only way to increase value. In my eyes for every dollar that is spent in that market there are probably at least five that have to be spent outside of that market in a legitimate context, as in the legal market will always be bigger than the illegal market. That being said it is easy enough to convert FTC into BTC or LTC at numerous exchanges and buy off of those established sites, so why do we need one for FTC? I would say that we should distance ourselves from perceived illegal behavior because in the long run a legitimate company doesn’t want to be associated with it in any way shape or form. Let the shady figures stay with the cloak of LTC and BTC, and let law abiding citizens use the cloak of FTC. Anyways let me know what you all think!
Thanks