{"id":454564,"date":"2021-01-15T01:00:22","date_gmt":"2021-01-15T01:00:22","guid":{"rendered":"https:\/\/wncen.com\/?p=454564"},"modified":"2024-06-11T14:12:45","modified_gmt":"2024-06-11T14:12:45","slug":"why-the-dark-nets-most-active-market-ditched-bitcoin-for-monero","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/why-the-dark-nets-most-active-market-ditched-bitcoin-for-monero\/","title":{"rendered":"Why The Dark Net’s Most Active Market Ditched Bitcoin For Monero"},"content":{"rendered":"

Bitcoin initially became popular as a way to pay for illegal goods on the dark web marketplace the Silk Road<\/a>. But just recently as cryptocurrencies enter the mainstream media once again, the current most active marketplace on the dark net has ditched Bitcoin in favor of Monero.<\/p>\n

Here’s why Bitcoin’s use as a dark web currency is diminishing, and why Monero could see a surge in adoption as the one cryptocurrency the government can’t infiltrate.<\/p>\n

Without The Dark Web, The Bitcoin We Know Today Might Not Be<\/h2>\n

Bitcoin price is now trading at nearly $40,000 per coin. The still young cryptocurrency network might not have made it this far, if not for the Silk Road dark web marketplace<\/a> created by Ross Ulbritch.<\/p>\n

Back when no one know what to pay for Bitcoin or had begun widely using it as a currency, it got an early jump start as a means to pay for illegal goods such as drugs, firearms, or explosives.<\/p>\n

\"silk<\/p>\n

Bitcoin got a head start as a currency thanks to the Silk Road dark web marketplace | Source: BTCUSD on TradingView.com<\/a><\/pre>\n
Eventually, the Silk Road was taken down<\/a>, and Bitcoin lived on. Its role as a currency for the dark web has remained, however, until now.<\/p>\n
Related Reading | Alleged Silk Road Drug Dealer Arrested For Using Bitcoin For Money Laundering<\/a><\/strong><\/em><\/p>\n
According to Twitter chatter, the dark web’s most active marketplace, dubbed the White House Market, has given up on Bitcoin for good, and now only accepts the privacy coin Monero. But why?<\/p>\n
 <\/p>\n
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For the first time on the darknet, the most active market does not accept Bitcoin. White House Market uses Monero, a cryptocurrency designed to safeguard the privacy of its previous owners, like cash.<\/p>\n
— dark.fail (@DarkDotFail) January 14, 2021<\/a><\/p><\/blockquote>\n