Recommended Article: Monero's 200% Gain On Darknet Marketplace Adoption
Summary of the Recommended Article -
Link to Article: Monero's 200% Gain On Darknet Marketplace Adoption
Summary
The popular crypto-currency Monero has increased approximately 200% over the past week as darknet marketplaces have adopted the currency. Monero’s price increase seems to be on the heels of its adoption as a currency on several darknet marketplaces.
As made clear by the charts, the bulk of price action in the history of Monero has taken place in the past week, but it certainly has had an active price history all time. Darknet marketplaces have noticed the crypto-currencies dedication to privacy and have employed it for their crypto-currency driven systems.
What would it need so darknet marketplaces adopt Steem Dollars?
Is the team working to protect the privacy of the SBD holders?
I know it is on their roadmap
https://steem.io/roadmap/confidential/
but how long will it take? 1 month? 6 months? 1 year? more?
It is still early days for steem. I don't think it will be soon.
That's really interesting. Does this mean dark markets are giving up on bitcoin?
Wait and see, its never gonna raise like BTC, DASH etc.. It will stay in the dark, and stay there. It may grow a bit, but then it'll collapse again.
Something triggered the growth, and I am not so sure it is just the darknet as the article is speculating. You might be right as Dash got the same privacy features as Monero.