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Fairly useless unless you're part of a roughly $1-trillion dollar[1] global industry, you mean? [1] https://en.wikipedia.org/wiki/Illegal_drug_trade https://en
by macromage 9y ago
Fairly useless unless you're part of a roughly $1-trillion dollar[1] global industry, you mean?
[1] https://en.wikipedia.org/wiki/Illegal_drug_trade https://en.wikipedia.org/wiki/Illegal_drug_trade - Take the 2003 figure as a % of world GDP, apply to today's world GDP.
- deadmetheny 9y agoAh yes, I'm sure all the people trading on Bitcoin futures are getting paid in Bitcoin and re-investing into the illegal drug market.
- macromage 9y agoI don't see how that relates to the point you were making. Clarify? > Bitcoin as a currency is fairly useless unless you're buying drugs or you're a botnet operator You claim that Bitcoin is useless. This was to justify the point you made before (nothing will settle in Bitcoin) or maybe as a cheap dig. Either way, your statement as it stands is worded to be condescending and confusing. It's like saying "Mouthwash is fairly useless unless you don't want bad breath." Turns out, the market for people who don't want bad breath is pretty big. Calling it useless is wrong.
- deadmetheny 9y agoWhat I'm getting at is that Bitcoin is essentially being traded as a security, where it's basically just how much electricity mining pools have wasted. Despite being designed as a currency, it sees very little use as such and mostly just gets moved around between people trying to get rich. >your statement as it stands is worded to be condescending That is intentional. I find Bitcoin is stupid and wasteful by design.