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Well I haven't done any DD about the company, I guess I meant more at-a-glance. I work in IT but the company is in the energy sector, so I am intrigued by energy-applied blockchain solutions. The sector (as with many others), could greatly benefit from the technology.
I'll see if I can dig up some info on their European pilot program sometime this weekend and get a better opinion going.
That BOUNCE though! Yesterday was pretty intense, the BTC bottom to the top was a huge 20% bounce. LTC was even bigger at 65% from 36 to now at 53ish!
I misspelled that link, my bad: https://investingnews.com/daily/tech-investing/fintech-investing/blockchain-technology-stocks/
Well Microsoft has been putting a lot of work into it with the CoCo Framework. I really think it will be the big tech companies, MSFT, IBM, etc., that will take over the space. There certainly will be some mew companies that pop up and grow massively, but I think the big companies have an inherent advantage in that they can, to name a few: afford the best developers; manage large projects well; have a direct view onto what is really needed; and use existing sales channels. Plus the brand name is aleady there.
Check out https://investingews.com/daily/tech-investing/fintech-investing/blockchain-technology-stocks/
I see GAHC is looking pretty oversold after losing 70% in the last month. Some of them (BITCF, BTCS) are not my type of trade, so I've passed on them. I am interested in that BTL Group though..
Iagree, the instability is what will kill the sector. However, it seems most of the recent instability is due to the questions surrounding the looming regulations in China.
For arguments sake (i like to debate :) ) one could say most of the instability is just due to the immaturity of the sector as a whole, and even more so the community that has joined over the last few months. The sector has become bloated and frothy, with new cyrrencies popping up out of nowhere, and new investors betting on speculation.
Perhaps as the community matures and the sector settles down a bit, things will stabilize. Now, when will this happen? Will the same cryptos (Bitcoin, Litecoin), still be the frontrunners? I have no idea :o) what do you think?
I wouldn't say anything like that, I've made some good and some bad picks, more good than bad so far, just learning along the way! :)
Looks like OKCoin and Huobi are meeting with regulators tomorrow (overnight tonight for us)...we will see how that goes. Honestly, either way it'll be good to have this China rumor stuff behind us. If they ban it, fine, at least we will know for certain! The government still wont be able to control it 100%. Like I said, they can still open up accounts on foreign exchanges like coinbase, etc..
I think so, but people get hit too, so don't let your guard down!
I know, it would have been nice to sell in the 80s, but oh well, I will still hold. Like you said, easy come easy go. I put up what I could afford to lose so it's all play money at this point, we'll see where it goes.
Yeah ONCI has been good to me, got in at .0007, exited at .0014 to cover cost, then another exit at .0098, at this point I have another target at .0495, then another after that. We'll see where it goes, looking for another play here soon, just sitting and waiting :)
Oh man, deinitely a little jealous there! Amd that's why I follow your posts lol
Bid is stacking higher and higher
Been in it since .0007 :D blue skies looking more like iuter space ;)
$DSCR looking good this morning
Yeah having the background definitely helped with the jump in to the crypto sector. As far as stocks though I am all index funds for the long term, and I do some trading in the trips to build up capital quick and for fun lol ;)
For preventing ransomware (or spyware, viruses, anything really), the #1 piece of advice is to be careful of what you click on!!! Seriously, that's 99% of it. Antivirus software, etc., will really only detect and remove malicious things fater you've already been infected. It does very little to actually prevent infection. Some will manage your firewall for you and scan for vulnerabilities, and maybe some other things, but its mostly just detection and cleanup.
If there's an attachment or even a link in an email (even from someone you know!), or on the internet, that you're suspivious of: don't click it! If it is a hyperlink, you can hover over it to expose the real URL, too.
If you download something thay asks you to enable macros or anything, don't do it.
Now, for recovering from an incident, the best thing is to have backups on an external disk. Do a weekly full backup of your computer on to a disk just for backups. Plug it in, back it up, unplug it when the backup is finished. If it's plugged in when you get hit with ransomware then your backups will get hit too, and then they're no good!
I personally run bitdefender, but I have no attachment to it. I ran without AV for years and was just super careful
I am in IT Security, so theres definitely some overlap!
But holy crap! Bitcoin fell through the floor last night during daytime trading for Asia. Litecoin and Ether also dropped a lot as well.
It all seems tied back to some "news" from anonymous sources couple days ago (in quotes because nobody knows if it's really or fake), where China is supposedly banning all domestic exchanges. Although these exchanges saying they haven't heard anything from authorities yet.
So, it could be real, in which case we will see what happens, or it could be fake and someone is trying to manipulate the price for whatever reasons.
Either way, markets are reacting, and people are selling out of fear. Even if China banned domestic exchamges, people could still use foreign exchanges (just like someone in China trading stocks on an Americam exchange). There also is apparently no plan to stop OTC exchanges/using bitcoins.
I have no idea where this is going!! Lol
No worries at all! It's always better to ask and to know :)
Reasons why I believe in Litecoin:
1. Strong, united development community.
As you've seen with Bitcoin’s recent forks, having disagreement among the developers can lead to difficult situations. The first hard fork with bitcoin cash was one thing, the next one coming up is looking even more dire. Litecoin's developers are ACTIVE (unlike a lot of cryptos which the devs abandoned), and have a solid roadmap, looking to add tons of new features and functionality. Check out the roadmap here: https://litecoincore.org
2. Performance!
Litecoin processes blocks 4 times faster than bitcoin (every 2.5 mins vs every 10). I've experience this first hand when performing transactions, with Litecoin taking signifanctly less time to clear than Bitcoin or Ether.
3. Scalability.
They implemented SegWit with no political doldrums, the network scalability is much less prone to bottlenecks like Bitcoin is in its current state. It also leverages scrypt algorithm eather than SHA-256, which makes mining (and thus, the entite network) more scalable.
4. Acceptance
5. Again, development, two big things being:
A. Lightning Network
Litecoin may be the first to implement the lightning network, allowing for instant payments, even greater scalability, lower fees, and even "atomic swaps" (trading once currency for another that uses the same fryptographic hash algorithm).
B. Smart Contracts
Ethereum? How about Litecoin! The developers are working on adding anonymous smart contract support as well. It may be too late for Litecoin to grab a significant portion of this market, but who knows? Regardless, it's additional functionality which I feel, when paired with the other features and benefits of Litecoin, will add value and become leveraged to some extent.
Litecoin has also generally been, up until about the last 2 weeks, more stable than others, and better able to hold on to gains. The explosive growth end of August has changed this, but we are still hovering ar 65-70, much higher than the 45 before the run.
For the reasons above, I think the tech and promise of Litecoin is much more favorable than other cryptocurrencies. I also think the ambitious roadmap will only reinforce Litecoins favorability, paving the way for more growth, both in price and in function.
My thoughts as well! Got in early enough, this is the year-maker!
"If only I had bought more"
Goooood morning $ONCI
Think we will break .01 today?
I think there's good stuff in here and it's stoll relevant, but Rickards has very much likes trying to scare people with the worst case scenario.
If anything, I think the removing the US dollar as the reserve currency will strengthen crypto markets.
He mentioned 'permissioned' vs 'permissionless' but doesn't clarify that they [appear to be] referring specifically to the transaction validation process -- not the ability to use the network/currency itself.
Now, with that said, if you do some research and are feeling bullish still, buy however much you can afford to lose and hold em! Just don't overexpose yourself :)
Personally, I don't have as much faith in the Ether currency. I think the ethereum platform itself will and is changing the world, but specifically Ether...idk.
There is strong interests from big corporations, which is promising, but they could always just fork off and make their own token that runs on the ethereum platform. Look at CoCo from Microsoft. They will beef up security, privacy, and anything else they want, to make it suit their corporate needs.
Now, the public will still probably have access to some sort of platform, and it may be very well run on Ether. With the legislation questions around Ether, ICOs, and legal contracts, it could possibly hamstring Ether. Additionally, the big issues with the DAO and all, I feel like we would be better off with a "child" currency than ether itself.
However, I feel the same way about BTC, and it's still over $4,100 today.
I think the selling is driven by people who overexposed themselves in the hopes of explosive short term gains. They got in recently and now that the gains arent happening they are scared.
For those of us who either got in early enough, didn't overexpose ourselves, and/or are just willing to lose it all, we will bite the bullet. If the floor really falls out then sell for some small gains.
If only these things were a little more stable, the future is too uncertain. At this point the 1 week charts are looking grim, but if you look at 6 months or 1 year the upward trend is still very healthy and -- as you said -- consolidation would be good.
It's either a great buying opportunity or it is the beginning of the end, as with every correction LOL
I am holding. I did move some things around to reallocate my holdings, but my dollar position is the same. I think as geopoliticaltensions worsen cryptos will remain an attractive alternative holding. As for the IMF article you posted, I am still digesting that.
What do you think? Is the "bubble" popping?
Ah, well GLTA! Definitely one to keep an eye on
Any idea when those store applications may come through for GNC or Vitamin shop?
Another good day? $ONCI
It is down compared to 2 days ago, but if you look at the 1 month charts its still way up.
Resistance? Resistance is futile! Lol no but I am not sure. Honestly the ICO ban is just causing market overreaction like expected. I say hold through or even buy for long term if you're up for some risk.
Honestly, I have mixed feelings, but IMHO this makes total sense. I don't know that it should be okay for people to be able to raise large sums of money, and issue nothing but a virtual coin/token in return. Keywords: "nothing but..."
ICOs are great, powerful things, they allow people to raise money for their ideas, people who normally might not have the menas or connections to do so. However, the risk of fraud is HUGE, and I think there does need to be some oversight.
ICOs will have a place in this world, hopefully they don't end up being so over-regulated that it stifles the entrepreneurial environment it could potentially create...but we'll see.
In the meantime, is this a possible buying opportunity for long term holders? Specifically for non-token cryptos such as bitcoin, litecoin, etc. They have nothing to do with ICOs. Although the whiff of regulation is strong, I think they'll bounce back.
China hits booming cryptocurrency market with coin fundraising ban
(Reuters) - China on Monday banned and deemed illegal the practice of raising funds through launches of token-based digital currencies.
The move was targeted at so-called initial coin offerings (ICO) in a market that has exploded since the start of the year.
ICOs have become a bonanza for digital currency entrepreneurs, globally and in China, and have provided the fuel for a rapid ascent in the value of cryptocurrencies this year that has driven fears of a bubble that could burst.
Individuals and organizations that have completed ICO fundraisings should make arrangements to return funds, said a joint statement from the People's Bank of China (PBOC), the securities and banking regulators and other government departments that was posted on the central bank's website.
In total, $2.32 billion has been raised through ICOs, with $2.16 billion of that being raised since the start of 2017, according to cryptocurrency analysis website Cryptocompare.
Bitcoin rival Ethereum, which token-issuers usually ask to be paid in and which has therefore seen unprecedented growth this year, fell sharply on the news, last trading down almost 20 percent on the day at $283, according to trade publication Coindesk.
Bitcoin was also down 8 percent, while the total value of all cryptocurrencies was down around 10 percent, according to industry website Coinmarketcap.com.
"The large price falls can be attributed to panic amongst traders and profit-taking," said Cryptocompare founder Charles Hayter.
The rapid ascent of ICOs prompted the U.S. Securities and Exchange Commission (SEC) to warn in July that some ICOs should be regulated like other securities. Singapore and Canada followed with similar warnings.
Zennon Kapron, director of the Shanghai-based financial technology consultancy Kapronasia, said he suspected regulators were putting the brakes on ICOs in order to better understand the phenomenon, but could ease off in the future.
"Regulators globally are struggling to understand what ICOs are, what the risks are, and how to ring-fence and regulate them," he said.
"China, in many ways, is no different than the U.S. or Singapore in saying, ok, we need to push back on these for now until we figure out how to deal with them...I think it will be slightly a temporary measure."
"THE MUSIC HAS STOPPED"
By creating and issuing digital tokens, entrepreneurs can raise large sums quickly -- sometimes hundreds of millions of dollars in minutes -- with little or no regulatory oversight. But unlike traditional fundraising, token holders are generally not given any share in the particular project, nor any security.
For the buyer, therefore, the main reason for buying these highly risky tokens is often simply a bet that their value will rise. Once the tokens have been issued they can be traded against other cryptocurrencies such as bitcoin, the first successful digital-only currency.
The popularity of coin offerings has surged in China this year.
In July, the state news agency Xinhua cited data from a government organization that monitors online financial activity to report that there had been 65 ICOs so far during the year raising a combined 2.62 billion yuan ($394.6 million) from 105,000 individuals in the country.
Oliver Bussman, previously chief innovation officer at UBS and now president of the Switzerland-based "Crypto Valley Association" that promotes blockchain-based technology, said Chinese authorities had to be especially vigilant about protecting consumers because of the lack of financial advice in the country, compared with Europe or North America.
Reaction to the ban was swift online.
"The music has stopped," said one member of a chat group on the social networking platform WeChat that was set up last week for an upcoming ICO for a fundraising platform called SelfSell.
"Hurry up and sell your bitcoin," said another.
The organizer of the ICO project, who recently went on a six-city roadshow, said the project had been suspended.
But Bussman said that once there was some regulatory clarity, and once it had been worked out how to classify different types of ICO, the token-based fundraising would continue.
"The initial coin offering is a new business model leveraging blockchain technology and it will remain," he said.
"This is not the end of the ICO – absolutely not."
https://www.reuters.com/article/us-china-finance-digital/china-hits-booming-cryptocurrency-market-with-coin-fundraising-ban-idUSKCN1BF0R7
Last quarter gross revs was 232....thinking we will 4x that easily!
Or moving back up to the 90s is good to : D
Here's that consolidation, hopefully we hang out in the mid 80s this weekend!
I see that too, just hit $91! Maybe consolidation over the weekend? Its so hard to tell with cryptos...I still feel LTC is wayy undervalued, and should be at LEAST at $600 right there with bitcoin cash. I could see it consolidating then continuing the stair climb upwards.
I saw that too, I never bought the GBTC..always always thought it was pointless when it trades at a large premium and it's not that hard to just buy bitcoin straight up. The only reason I thought was legitimate was that it can be purchased with a tax advantaged account (IRA or 401k) and it is easier for the lay investor.
It does make sense though, the people want the gains of Bitcoin with none of the risk. Then as soon as this guy with a name and reputation says something they all jump ship, acting on fear trying to lock in gains.
Litecoin up to $85 now!
Ethereum bouncing around 395...cant seem to break 400.
Bitcoin at 4850. I think 5000 will be tough to break. But once broken I think it's upward from there.
I see no reason why Litecoin wont hit 200 before year end. It should, at the minimum, be right there with Bitcoin cash at 600.
Still no FINS :(
I sold in the mid .01s. Glad I did, any idea when or IF the fins are coming to bac up all tat twitter hype?
Litecoin just broke 70, currently at 72!
Bitcoin is nearing 5000, currently at 4734. This is a major psychological barrier, i think once broken it will continue upwards.
Also NEM broke .30, at an all time high.
Ether is sitting at 387, struggling to break 390 and 400.
CHINE CONSIDERS BLANKET BAN ON ALL ICOS:
Chinese regulators are considering the possibility of a sweeping suspension of all initial coin offerings (ICOs), according to reports.
A report by Tencent has revealed details of a notable meeting among Chinese regulatory authorities that took place on August 18. The joint meeting, hosted by the People’s Bank of China, the country’s central bank, was also attended by officials from the Securities and Futures Commission, the Banking Regulatory Commission and the insurance regulatory body, among others.
Regulators reportedly discussed means of regulatory oversight that included control over the size and scale of the ICOs, strengthening disclosure requirements and issuing additional investment risk warnings. Notably, the report added:
In addition, if a large [investor] risk is found, the regulation will even suspend all ICO activities and rectify them.
As things stand, the regulations are at a preliminary stage with discussions and comments collected from multiple regulatory bodies with policies speculated to be introduced at some point this this year.
The ICO crackdown could ultimately draw parallels to the regulatory squeeze on bitcoin exchanges earlier this year. The People’s Bank of China investigated and effectively put a halt on the Chinese bitcoin trading market, once the world’s largest, at the turn of the year. Chinese exchanges only resumed bitcoin withdrawals in early June following comprehensive reforms of AML/KYC policies, nearly four months after banning bitcoin withdrawals.
Earlier in June, a counselor to China’s central bank called for the ‘moderate regulation’ of ICOs in a way that the government’s reach did not burden innovative projects. However, the PBoC’s actions taken against the entire regional bitcoin market proves that no action is too extreme for the financial regulator and watchdog.
The cumulative investments pouring into ICOs in the first half of 2016 has already reached CNY 2.616 billion (approx. $400 million), according to Yicai, citing an official report.
~~~~~
https://www.cryptocoinsnews.com/china-considers-blanket-ban-icos-report/
~~~~~
This could be a huge blow for the Ethereum network! Not necessarily directly but in principal / signaling possible futures for crypto-funding.
However, ICOs can be easily abused, so definitely some regulation is needed, but they also give the ability for some to raise funding who normally might not be able to -- which could be a very good thing.
This is the preview of the blockchain future.
It is also behind the speculation around Ether. It is also VERY confusing for many, because blockchain technology (the ethereum network for example), is NOT the same as the Ether currency.
If you look at the forks going on with Bitcoin, any corporation (or group of), could make their own currency to run blockchain tech.
Might wanna buy stock in large tech companies...they will wind up leading the charge with this stuff. Either through their own proprietary means or simply augmenting existing networks with additional tools or programs.
Well, I didn't get in at the very bottom but my LTCs have treated me very well for sure :) still holding!
The bitcoin rift is definitely interesting. Honestly I am not sure what to think about it. I feel like it's definitely an issue, but I am not sure why it has become such a malicious debate.
It makes sense that they are claiming to be THE bitcoin, they want to be worth the whole $4000 and want the name recognition. The whole bitcoin/altcoin thing puts any forks off of bitcoin at a disadvantage regarding user adoption and recognition.
So at this point the hostiletakeover analogy is because they want to be BTC, they want to implement their protocol AS the new bitcoin.
And they have the support! Overwhelming majority, from what I can tell.
I dont fully get what is driving the core supporters. It seems to be the multiple address issue...but if rhey switched to the new Segwit2x as well...it wouldn't BE an issue!
Ill have to read some more, but that's my 2 cents at this point in time.
Litecoin just hit a new all time high!
Sitting at 58.26 as of this writing. I wonder if the upcoming (second) BTC hard fork will drive people to the more stable LTC. I am thinking we will hit 100 in the next few months here as it slowly becomes preferred over other cryptos for the stability and benefits over Bitcoin and Bitcoin Cash
Bitcoin Is Splitting Once Again - Are You Ready?
Whether you’re ready for it or not, it’s going to happen. We will witness another Bitcoin hard fork in three months. This time it will be backed by the technical team that proposed Segwit2x.
Leading the pact is Bitcoinj developer Jean-Pierre Rupp, who filed an announcement to increase the block size to 2 MB and continues to work on SegWit2x.
According to Jeff Garzik, Bloq founder and Segwit2x developer, the proposal has received ‘general approval’ from Segwit2x members.
On the other hand we have Bitcoin Core developers who remain adamant in opposition to SegWit2x and have already said that the upcoming Bitcoin Core client 0.15.0 will automatically disconnect nodes supporting the SegWit2x fork.
New York agreement
May 23, 2017 marked the day when the Bitcoin scaling debate “supposedly” ended. Digital Currency Group released a statement declaring that 58 signatories from both camps -- SegWit supporters (aka Bitcoin Core) and those who prefered to increase the block size (aka Bitcoin miners) - agreed to increase the block size to 2 MB.
The agreement was termed as the New York Agreement (NYA). The idea was to activate SegWit using BIP 91 and then 90 days later hard fork the base block size to 2 MB.
According to the Digital Currency Group, SegWit2x is supported by:
58 companies located in 22 countries
83.28 percent of hashing power
5.1 bln USD monthly on chain transaction volume
20.5 mln Bitcoin wallets
Clearly, NYA didn’t go as planned. Now that SegWit has already been locked-in and we have Bitcoin Cash as a result of the Aug. 1 hard fork, many are left wondering what was the point of the New York Agreement.
Bitcoin2x is going ahead full steam
The Segwit2x working group has announced the roadmap for the next three months. The team plans to let Bitcoin miners choose to run new software at block 494,784 on the blockchain. This block is expected to occur sometime in November.
The announcement, called “Bitcoin Upgrade at Block 494,784,” states:
“During the month of November 2017, approximately 90 days after the activation of Segregated Witnesses in the Bitcoin blockchain, a block between 1 MB and 2 MB in size will be generated by Bitcoin miners in a move to increase network capacity. At this point it is expected that more than 90 percent of the computational capacity that secures the Bitcoin network will carry on mining on top of this large block.”
If this proposal goes through as planned, SegWit2x could lead to another Bitcoin hard fork, potentially creating yet another version of Bitcoin.
The SegWit2x plan could also drastically fail if the team is unable to get miners’ support. It remains to be seen how many miners are willing to dedicate their computational power to yet another Blockchain.
Is SegWit2x necessary?
Bitcoin Core developers got what they wanted. With the help of SegWit they’d be able to build the ultimate scaling solution: the lightning network. Core recently announced that the next Bitcoin Core client 0.15.0, due to release before November, would no longer connect to nodes running SegWit2x.
Bitcoin’s very nature is to have a decentralized system and be governed by consensus as opposed to a more traditional top-down hierarchy in which few people are in charge of decision making.
One could argue that Core developers are somehow controlling Bitcoin’s decision-making and consensus is merely there for the sake of it.
Here’s how it works: Miners are actually the ones that write blocks on the blockchain. User-run nodes maintain an up-to-date ledger across the network. When miners create new blocks, the nodes on Bitcoin’s network propagate those blocks to all clients.
That being said, Core’s announcement could have serious repercussions. Bitcoin Core nodes will no longer talk to nodes that run the SegWit2x code. So the miners will still broadcast their blocks to the network, but nodes running the Bitcoin Core client will only relay blocks to other nodes running the same client.
This decreases the level of decentralization and this is why even though we already have Bitcoin Cash, Segwit2x supporters are keen on splitting the chain once again.
Showdown in November
November could get as dramatic as August for Bitcoin, and the prices may become more volatile as we get closer the “date”.
If the claimed 83.28 percent of hashing power remains committed to the SegWit2x plan, the hard fork in November is inevitable.
It is important to understand 17 percent of the hash power didn’t sign the NYA. Signatories of NYA are under no obligation to exclusively mine the ‘2x chain’.
If they don’t see Segwit2x mining as being profitable, they could easily change their mind and keep mining for the main Bitcoin or Bitcoin Cash for that matter.
https://cointelegraph.com/news/bitcoin-is-splitting-once-again-are-you-ready
Very true, but for some reason more and more of them do. I almost wonder if they are just holding many of them in speculation that it will continue to rise.
Any of those that started accepting BTC at 2000 and held would be very happy right now!
I think at this point there are actually several legitimate uses for cryptos:
1. Transferring money between borders (this could be illegitimate as well, but for sake of argument). Many families, especially in Asian or Indian cultures, will have a breadwinner transfer a significant portion of their money back to their home country every month. This is subject to HUGE bank fees--fees which could be bearly eliminated by simply transferring the money with cryptos instead. This could be the difference between families eating and going hungry.
2. Online payment for goods or services: barring the extreme volatility, many businesses are accepting cryptos as payment for goods. Obviously this can pertain to black market shops, but if you look at people living in strictly government-controlled countries it can also grant them the freedom to buy goods or subscribe to services they normally wouldn't be able to.
3. Smart contracts: the Ethereum platform created a novel, easier way for anybody to commit to a contract without having to worry so much about lawyers, notaries, or messy paperwork. Agree to the contract, when both parties agree it is complete then the payment is made. If there is a disagreement, a third party can evaluate the situation. This can also allow for ICOs, a pseudo IPO using cryptos as the vehicle to symbolize shares in a company. (Just scratching the surface here...pardon the gloss over)
4. A speculation or hedged investment vehicle or even just a safe-haven away from fiat currency in an unstable and uncertain world. I think this one is self explanatory.
I am sure there are others, but I truly think numbers 1 and 2 have the potential to make our world BETTER. People work hard for their money, their families need food...the big banks don't need to dip their fingers into these peoples meals. For people living in less-free countries cryptos are a godsend, granting them a freedom they didn't have before!
That's my bit for a Sunday morning :)
Such a huge difference from stocks. With the large numbers of exchanges and measurements with a centralized average price, one exchange adding support and pushing up the price can make a big difference.
If only it was easier to do arbitrage trading with cryptos!
As far as 'untraceable' currencies, u like Bitcoin, Monero actually is supposed to be one of them. It and a few others lead the black market transactions on the dark web, while BTC and others are filling a different niche for more legitimate users.