surging price makes it harder to buy drugs on the deep web
Bitcoin is having a moment. In addition to becoming the talk of the town, its staggering price rise over the last 12 months has made some early holders of the cryptocurrency exorbitantly wealthy.
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What once was a pseudonymous way to buy bricks of cocaine has transformed into a relatively illiquid store of value. Transferring BTC from your wallet to your dark market of choice now costs you a pretty Satoshi a bunch of them, actually.
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„I just made a transfer of $70 from my electrum to the market with a fee of around $10 worth of mbtc,“ wrote the individual on a dark market focused Reddit page. „When should I expect this to confirm? I understand a $10 bitcoin fee is low right now but I wasn’t expecting it to be as high as it was.“
„Uncut Amphetamine Sulfate Powder“ advertised on a dark market.
Image: DREAM MARKET
Some aggravated buyers are even pressing markets to accept other forms of cryptocurrency, such as Monero or Bitcoin Cash.
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