Criminal Coins: Why The Dark Web Is Abandoning Bitcoin

Litecoin is rising as the cryptocurrency of choice for criminals.

BAILEY T. STEEN | TUESDAY, FEBRUARY 20, 2018

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“Litecoin emerged as the second most popular currency, with 30% of all vendors who implemented alternative payment methods willing to accept it. Dash is closely trailing Litecoin with 20% of the market. Unexpectedly, Bitcoin Cash was the third most common cryptocurrency with 13% of vendors trusting it as a payment method.”

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“What’s happening at the moment is incomprehensible. Despite that I’ve used the recommended commission fees, my transactions have remained pending for the past three days, and my work has been paralyzed.

Dear vendors, please implement alternative payment options; otherwise, I will miss out on this Christmas season.”

“The same class of power users who helped to establish Bitcoin as a unified payment instrument across the dark web, spurring the underground economy and plaguing the world with never-ending ransomware attacks, illicit drugs, and weaponry, now see it as a roadblock to proliferating criminal business.

Litecoin and Dash will take their place next to Bitcoin as the everyday payment currencies of the dark web.”

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Written by

troubled writer, depressed slug, bisexual simp, neoliberal socialist, trotskyist-bidenist, “corn-pop was a good dude, actually,” bio in pronouns: (any/all)

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