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Bitcoin attracts three different niche markets: - Crypto enthusiasts who are infatuated with the technology or the math involved - Anti-Fed Libertarian types
by bduerst 7y ago
Bitcoin attracts three different niche markets:
- Crypto enthusiasts who are infatuated with the technology or the math involved
- Anti-Fed Libertarian types who want to use something that isn't controlled by a government
- HFTs and speculators who either use it in part of their models or as a pump and dump vehicle
Some people also use it to buy illegal stuff, but most of them have moved onto Monero as the primary privacy-based cryptocurrency.
- dehrmann 7y ago> Crypto enthusiasts who are infatuated with the technology or the math involved I agree that it attracts these people, but I can't figure out how they make the leap from "clever math" to "this has monetary value and I want in."
- blaser-waffle 7y agoSo where do online drug dealers fit in the first 2 options? Or Saudi / Chinese / Russian business types that are trying to extract wealth and avoid the blowback of a regime change? They probably fit under #2 but I certainly wouldn't call a lot of those libertarian in ideology or even in practice, just opportunists.