[notch656a]

So short bitcoin, if you think it's worth nothing. Good luck, acdha. We're both saying it's worth whatever people are willing to pay for it, I'm just acknowledging that happens to be quite a lot.

>but it shows where your misunderstanding lies

I understand market cap is different than the current volume buyers will buy at this moment. You've basically just provided an essay on what market cap is. There's no misunderstanding. Is this supposed to disprove the gigantic valuation assigned to bitcoin?

>Not good for them if they can’t convert into the things they want to buy, and it’s especially risky to leave a signed transaction log for the police when there’s little legal traffic to hide in.

This is why most black markets now use Monero or similar privacy coins. If a currency will buy drugs, then it will always be able to buy money since drugs are worth money.