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RE: Is it possible to find Bitcoin's intrinsic value?

in #bitcoin7 years ago

That is a very interesting exercise - thanks. However, going one more step, most drug buyers and dealers for that matter are not necessarily tech savvy and probably prefer to use cash for efficiency and to satisfy their fix asap. Also, if unmarked and without serial numbers recorded, cash is even less traceable than Bitcoin and until the big banks like HSBC stop laundering drug money I would add a multiplier of 1% for worldwide drug only BTC transactions. This would bring the floor after a complete ban down to a more realistic base figure of $29.41.