Originally Posted by Tracks
The people who are selling this odd money, they area accepting cash right?
Makes me thing of those selling precious metals, it it's such a good thing why don't they keep it.


Simple. Lots of money to be made selling untraceable currency to users of the dark web. Most of the people selling were early factoring miners, no capital outlay that can be turned into serious cash.

In the early days of bitcoin you could mine the primes using an enthusiast class desktop. Factoring was easy, so most people in the know already had the equipment. Now, so many primes have been factored, that you need to run a farm of multi-gpu specialty boxes to get a hit.

Bitcoin and other cryptocurrencies have value because people place value in a currency that is completely untraceable. The ultimate open source fiat currency.