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Here is a text written by someone on Twitter:Dark Net Markets are the sole reason for Bitcoin's rise to prominence and foreshadow its downfall as a new money.Bitcoin was once the main means of money on DNM’s for one sole reason:People thought it was a novel peer-to-peer electronic cash system that would allow them a means of private, anonymous, and fungible financial exchange to make purchases of their choosing free of the scrutiny of authorities.Because of this misunderstanding, people transacted, licitly or illicitly, under the false pretense of privacy and in turn were fined, arrested, or imprisoned for transactions that were fully transparent and incriminating.As the vulnerability of Bitcoin being a transparent financial ledger that offers zero financial privacy, anonymity or fungibility became apparent to DNM users, its use dropped exponentially and is now rarely if ever intelligently used.DNM’s are the purest testing ground for new technologies whether one likes that fact or not, for if the technology leads to incarceration it has to be abandoned for a superior alternative.As DNM’s tinkered with new forms of peer-to-peer electronic cash to replace the fundamentally flawed Bitcoin, Bitcoin became mainstream through charismatic personalities and general zealotry.Bitcoin failing to succeed in the most perfect test market for new money was either not understood by ignorant users or was swept under the rug from holders in order to make great sums of money from a simple currency arbitrage opportunity of fiat-Bitcoin, Bitcoin-fiat washing.This combination of uneducated new Bitcoin enthusiasts and predatory currency arbitrage opportunists has created the present situation that is Bitcoin.As the mainstream obsesses over the fundamentally flawed technology of Bitcoin under a type of hypnosis, DNM’s have adopted a technology in the wake of Bitcoin and its subsequent innovations:MoneroMonero is a peer-to-peer electronic cash system that is anonymous, private, and fungible.Plain, simple and perfectly executed in its design of providing these features by default, Monero is now the prescribed method of transacting on the markets.DNM forums have created user guides and “bibles” stating that it is all that should be used and more commonly has to be used.Monero is what people Bitcoin is and is proving this empirically in real time on DNM’s as the main and trusted means of exchange.Bitcoin has concurrently become a scheme with one goal:Convince people it’s a peer-to-peer censorship resistant electronic cash system in order to siphon fiat from a simple form of arbitrage. Rinse and repeat.In reality it’s not what it’s being sold as and is actually antithetical to such properties.Monero on the other hand is a technological marvel in way of money fixing not only the flaws of old money but also Bitcoin, it’s just not commonly understood.The same markets that made Bitcoin famous have abandoned Bitcoin and they’ve abandoned it for Monero. This is beyond significant, it is an empirical example of the superior technology taking over in real time.Underbelly markets make surface markets and surface markets are a reflection of underbelly markets, but with a lag of time and most importantly, understanding.As above, so below.As below, so above.https://ift.tt/opQLK4b
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