> In 2011 I was saying "the only thing Bitcoin is actually useful for (as in better than the alternatives) is buying drugs", and people assured me that actually

> In 2011 I was saying "the only thing Bitcoin is actually useful for (as in better than the alternatives) is buying drugs", and people assured me that actually useful applications were just around the corner. Same here. > 7 years on, the only thing Bitcoin is actually useful for (as in better than the alternatives) is buying drugs. Don't forget ransomware! And actually, it turns out not to be good for those purposes if you care about not having a permanent record of transactions that could potentially be traced back to you at any point in the future. The real innovation is in demonstrating why financial regulations exist and the various scams that lead to them.