“Supreme excellence consists of breaking the enemy’s resistance without fighting.” Sun Tzu, Art of War
Monero, the Drug Dealer’s Cryptocurrency of Choice, Is on Fire
For the crypto-currency community, 2016 was a very good year.
If it’s good enough for a drug dealer, it’s good enough for everyone else.”
Bitcoin doubled in price. The far-out Bitcoin alternative Ethereum shot up by a factor of 10.
But another, once-obscure cryptocurrency called Monero outpaced all of them, multiplying its value around 27-fold.
That’s a windfall not just for cryptocurrency speculators, but for financial privacy advocates everywhere—including a few suddenly wealthy dark web drug dealers.
Over the last year, the value of the hyper-anonymous cryptocurrency Monero grew 2,760 percent, making it almost certainly the best-performing cryptocurrency of 2016.
Today each Monero is worth around $12, compared with just 50 cents at the beginning of last year, and the collective value of all Monero has grown to close to $165 million.
The source of that…
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