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Re:Ethereum Plunges 20% by nashashmi on Sunday July 16, 2017 @04:54PM (#14784082)
Dark market crashes. Leading to widespread crashes in the cryptocurrency market as well.
Re:Ethereum Plunges 20% by dogma1138 on Sunday July 16, 2017 @05:07PM (#14784121)
Eth has almost no presence on the dark markets.

Even bitcoin is much much more rare than what people would think by reading the news.

Re:Ethereum Plunges 20% by reefoctopus on Sunday July 16, 2017 @05:26PM (#14784183)
What are the primary coin(s) used on dark markets?
Re:Ethereum Plunges 20% by dogma1138 on Sunday July 16, 2017 @07:12PM (#14784590)
Plain old cash, including western union, money gram, gift cards and even PayPal. Bitcoin is used more by "bored" western whales and by the Chinese that need to put their money into something the government can't control than by drug or arms dealers.
Re:Ethereum Plunges 20% by urspx on Monday July 17, 2017 @08:17AM (#14787779)
What Darkmarkets still use cash, western union, PayPal, etc? My understanding is this all died out once bitcoin became a viable currency.

Then again, I guess I'm mostly just thinking of drug-focused markets, not the other kinds... but still. It'd be bizarre if those kept using the payment methods you mentioned.

Re:Ethereum Plunges 20% by cypherpunks01 on Sunday July 16, 2017 @05:29PM (#14784199)
Typically Bitcoin-only, but in the past 1-2yrs Monero (XMR) has gained acceptance in certain large venues. I'm not sure, but I suspect your parent commenter may be referring to the large amount of darknet commerce that does not take place using cryptocurrency?