49 HN points
29 May 22
If you wanted to buy contraband online in the last 5 years or so, you may have noticed that the option to pay in Bitcoin - once the most popular form of payment on the dark-net markets, is slowly disappearing. You may ask why it matters to you or the average Bitcoin enthusiast - you're presumably an excellent, law abiding citizen - good for you, but it's irrelevant. Allow me to explain: The first major milestone of Bitcoin was to be accepted as a form of money, this happened with small obscure merchants at the early stages of Bitcoin, but as the word spread Bitcoin found itself as the "official" currency of the dark-net, and allowed the creation of a market called the “Silk Road”.