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Bitcoin Forum > Bitcoin > Bitcoin Discussion > Press > 2012-08-06 wired.co.uk -Study: Online marketplace Silk Road sells £1m worth ...
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julz (OP)
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August 06, 2012, 11:32:53 PM
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Study: Online marketplace Silk Road sells £1m worth of drugs each month


Olivia Solon
2012-08-06

http://www.wired.co.uk/news/archive/2012-08/06/silk-road-drugs

...
The research discovered that there was a very tight coupling between the Silk Road and Bitcoin market, saying that "daily sales on Silk Road correspond to almost 20 percent fo the average daily volume of US dollar to Bitcoin exchanges on Mt.Gox. As a result, a potentially effective intervention policy would be to destabilise the value of the Bitcoin, creating instability in the market.
...
@electricwings   BM-GtyD5exuDJ2kvEbr41XchkC8x9hPxdFd
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proudhon
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August 07, 2012, 02:53:19 AM
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Quote from: julz on August 06, 2012, 11:32:53 PM
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Study: Online marketplace Silk Road sells £1m worth of drugs each month


Olivia Solon
2012-08-06

http://www.wired.co.uk/news/archive/2012-08/06/silk-road-drugs

...
The research discovered that there was a very tight coupling between the Silk Road and Bitcoin market, saying that "daily sales on Silk Road correspond to almost 20 percent fo the average daily volume of US dollar to Bitcoin exchanges on Mt.Gox. As a result, a potentially effective intervention policy would be to destabilise the value of the Bitcoin, creating instability in the market.
...



LOL!  Good thinkin.  I can't wait to see what a destabilized bitcoin looks like.  You know, cuz it's been really stable since Silk Road started.
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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August 07, 2012, 09:12:41 AM
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As a result, a potentially effective intervention policy would be to destabilise the value of the Bitcoin, creating instability in the market.
There are quite a few traders who hope that they try that "intervention policy". It will create lots of opportunities for speculators to make money on the price swings. Bring it on!
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