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Bitcoin has a just as relevant, or more so, actual use in buying drugs and frowned upon things on the internet, escaping government restrictions on money, etc.
by JohnJamesRambo 7y ago
Bitcoin has a just as relevant, or more so, actual use in buying drugs and frowned upon things on the internet, escaping government restrictions on money, etc.
- LanceH 7y agoGold has those same uses but at an international level and is generally approved of. The gold may never actually move, but ownership will transfer between countries.
- JohnJamesRambo 7y agoBut you have to use a middleman or intermediary. The genius of bitcoin was when Satoshi removed that and solved the double-spending problem in a decentralized way. >Bitcoin: A Peer-to-Peer Electronic Cash System
- ickelbawd 7y agoExcept that bitcoin relies on a whole network of middlemen to prove the validity of that transaction. Without miners you have no transaction.