GM
Your daily reminder that Bitcoin is black market money
It will always be black market money
IF it is not black market money, THEN it is NOT Bitcoin
Bitcoin rests on the assumption that a money marketplace can resist state control
In EVs terms, the axiom of resistance
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Replies (13)
Then why do none of the actual black markets use Bitcoin and use Monero instead?
You haven’t used a dark net market in a while have you?
I don’t use darknet marketplaces
FYI no one uses Bitcoin on them any more as that’s how people get busted easily…
1) the number of dark market tx that Bitcoin is involved in does not define whether Bitcoin is a black market mechanism… but let’s just concede your point and say it did… are you the saying the recent Iran + Straight of Hormuz situation was a white market situation?
2) now that I’ve let you have your point let’s dismantle the very idea that allowed it to flourish… Bitcoin is a black market mechanism by the nature of its decentralized, rational marketplace that serves the function of its permissionless, censorship resistant design
When a miner attempts to censor a tx the fee on that tx rises and a value prop is created in that moment… the user is faced with “either I value this tx enough and I pay the higher fee and prioritize this push through or I slow roll and eventually another economically rational miner pushes the tx through and it eventually makes it into a discovered block” - either way, the tx WILL EVENTUALLY verify SO LONG AS it is not a double spend
A permissionless mechanism (like Bitcoin) cannot both be a white market mechanism AND permissionless… these terms are paradoxical thus it is black market money by its very inherent technological function
I didn’t make the rules but the people I’m near directly quoting actually did… ask your boy who created most of the monero darknets 👀 I’m sure he’s watching
3) if you’re still using the darknet to make black market tx in 2026, you’re playing with fire and probably are operating on borrowed time
Again, I didn’t make the rules… the panopticon did
Oh man…
Where do I even bother to start with this…
Or better yet @kidwarp would you like my first hand account of how my families phones (and computers) were tapped and surveilled right before my brother was popped and sent to federal prison in 2010 for arms trafficking
I’m sorry that happened… maybe there’s an opportunity there to learn where the opsec went wrong…
We know where it went wrong… the patriot act
Now hustle your evidence
And I’ll hustle mine
I’ll start @kidwarp
The fact that I can even read your not on my public client is a sign you’re being presented with an opportunity to figure out where your opsec could be better
then according to the axiom of resistance,
probably most of what's going on in the mempool is not bitcoin.
BTC but not bitcoin.
I’m have my reasons for this…
Nostr isn’t private at all lol I know this…
I mean that’s definitely correct!
We’ve all been getting spied on our whole lives!