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Bitcoin is only useful currently when it can be turned into cash. There are no real businesses that don't turn their payments into a taxable national currency a
by Larrikin 6y ago
Bitcoin is only useful currently when it can be turned into cash. There are no real businesses that don't turn their payments into a taxable national currency at the end. If you just ban exchanges in a few dominant countries btc is effectively useless as a hold of value and you're back to convincing the pizza guy to accept 30 coins for one pizza and other one off transactions
- garmaine 6y agoThat doesn't really have any impact on the situation being discussed, though. Criminals are still more than happy to accept bitcoin.
- albuic 6y agoIf you give me 30 bitcoins I will even give you a free pizza and deliver them almost anywhere. Joke appart, it is effectively useless for now but some places are now accepting it which means that the usefulness might change sooner than we expect. It doesn't mean the seller won't be able to locate you with the address for the delivery though. Real problem will be if they use Monero or some real anonymous cryptocurrency where fungability is respected.