Silk Road effect
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[quote name=“mirrax” post=“30758” timestamp=“1381310340”]
[url=http://www.coindesk.com/silk-road-alternatives-emerge-public-hammers-fbi-bitcoin-wallet/]http://www.coindesk.com/silk-road-alternatives-emerge-public-hammers-fbi-bitcoin-wallet/[/url]
[/quote]Honestly that was pretty much the response on some of the top discussions of Reddit. I wouldn’t be surprised if three or four marketplaces pop up that are each around 60-70% the size of users and available product of Silk Road. A hole in the market is just seen as opportunity to some folks. And why they didn’t sprout out immediately was because they’re going about it smarter, using what caught DPR as a guidebook. Servers in other countries, making sure their physical identity was never attached, smarter op sec, simpler site with less opportunity to exploit, decentralized 3rd party services (mixers, wallets, etc.) and so on.As far as FTC being used in these markets, it will happen but I don’t think it’s going to happen even within the next 6 months. Anyone affiliated with that kind of marketplace would be weary to incorporate FTC because they’d likely be [i]one of us[/i]. There’s nary a person bullish and contributing to Feathercoin that doesn’t also have a presence here. That would narrow it down pretty quick for law enforcement since that person would essentially be making the same mistakes DPR did. And if they have tools (like they say they do) in order to match writing styles to each other to determine how statistically likely it’s the same person… it’s just bad news for someone trying to incorporate FTC into that atmosphere. I’m not opposed to it any more than I’d be opposed to someone using cash to operate it (money is money is money is money) because there’s no point in deifying the currency -only recognizing it’s value.
We’re going to get down to the point where a bunch of these altercurrencies eat each other up or die off. When you’ve got five or six that have their act completely together, that’s the ones you’ll wind up seeing on these marketplaces.