[ahmetrcagil]

It is traded in a black market at its actual price.

[dheera]

Could a smart contract prevent black markets from existing?

Imagine if every transaction had to have a digitally signed "seal of approval" from a DAO that verifies that 1 USD was sent in the other direction.

[aqme28]

Then we'll trade the keys to the addresses of those coins. You simply cannot prevent a black market.

[adrianN]

How would that would? If you can't trade the actual coins due to crypto magic, you just trade IOUs instead.

[imtringued]

Blunt force contracts have been attempted with mixed success.