Bitcoin Foundation Chief Says Bitcoin Benefitted from Illegal Deals

By April 23, 2015Bitcoin Business

While the digital currency arena has been negatively affected by news of illegal usage in criminal activities, Bitcoin Foundation chief scientist Gavin Andersen said that bitcoin gained popularity precisely because of this. Without these dealings in black markets, he pointed out that the cryptocurrency market might not have grown to its $3 billion size today.

Andersen explained that bitcoin has been used in online gambling in the United States before being effectively outlawed in 2011 […]

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