|Scooped by Sami Ielasi|
but now the introduction of a bitcoin ATM in Canada shows that it may very well be the currency of the future. The ATM allows users to withdraw physical money (USD) for their bitcoins. Cryptocurrencies are already being accepted as a valid currency online allowing people to buy things of sites like amazon but also allowing a large amount of black market trade to occur online. This however was shutdown by the FBI through the use of the bitcoins and the bitcoin public ledger. Because bitcoin doesn't require personal information many people felt that it was a way for black market trading to go unpunished due to anonymity of it. Once the black market site (silkroad) was shut down the bitcoin dropped in value a fair amount but then rose back up within the day. This shows that people believe the currency to be accepted not for the anonymity but the convince and the belief they have in cryptocurrencies being a valid item for trading.