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A comment on Bitcoin Takes Bigger Wall Street Stage with Smooth CME Debut. Parent comment

Re:Bitcoin Takes Bigger Wall Street Stage with Smooth CME Debut by vasilipupkin on Monday December 18, 2017 @12:02PM (#15953108)
right, but money laundering is to take dirty dollars and convert them to clean dollars. It's not obvious to me how aggregate demand for money laundering supports a specific price of bitcoin. If bitcoin is a mechanism for doing it, then the right metric is to look at the fees people charge for laundering money, not the amt of money laundered.
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Re:Bitcoin Takes Bigger Wall Street Stage with Smooth CME Debut by DenisM on Monday December 18, 2017 @02:18PM (#15954486)
If there are $20b waiting to be laundered and the total number of bitcoins is 20m the aggregate demand would support $1000 value of BC.

This is what I would call "direct utility". There is also "indirect utility" - mindset of bystanders who are willing to transact BC because they know that others will provide liquidity.

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Re:Bitcoin Takes Bigger Wall Street Stage with Smooth CME Debut by vasilipupkin on Monday December 18, 2017 @03:39PM (#15955280)
why does it support $1000? if I launder 1 dollar, I buy a bitcoin and sell a bitcoin, so why does it support any particular stable value?
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Re:Bitcoin Takes Bigger Wall Street Stage with Smooth CME Debut by option_greek on Monday December 18, 2017 @12:14PM (#15953220)
With cryptocurrencies those two are tightly coupled. For example if 10mil had to be laundered in one go and the entire market cap is just 10mil or so, liquidity becomes a concern.
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