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To what ends? There's no indication that those transactions are being used to fulfill any kind of purpose, and plenty of hints that many of them are spam and in
by annabellish 8y ago
To what ends? There's no indication that those transactions are being used to fulfill any kind of purpose, and plenty of hints that many of them are spam and intentional churn.
If nobody is buying anything, nobody is transferring money cross-borders, and no previously-unbanked people are being banked, then what are these transactions for? Nobody seems to _know_.
- bitreality 8y agoI can't tell you what every person uses it for. But I can say for certain that it is already being used to transfer money cross-border. And I can say for sure that people use it in nations like Venezuela, where the banking system has failed. How do I know this? I run a business which buys and sells digital items for online games. Every single seller from Venezuela is looking for BTC. Most sellers from Kosovo as well. And tons of people are asking for BTC in general. The majority of $500+ transactions in the industry (often B2B) are done in crypto.