3 ms·

I was going to say drugs, ransom, money laundering and other illegal activities are the main use cases for crypto

• seibelj 6y ago
  They also all happened before crypto. But no one spoke about the evils of fiat currency then.
  • raziel2701 6y ago
    What do I, a regular Joe not interested in buying illegal things, gain from using bitcoin? What's the proposition? Where's the value?
    • seibelj 6y ago
      The US government has an absurd amount of debt but neither major party cares and both have plans to explode it even further. As the global reserve currency the US has the ability to debase the value of it far more than any other country before serious pain occurs. But if you want a hedge against runaway inflation, plus the chance bitcoin replaces or at least eats some of the market share of gold, making bitcoin a small percentage of your retirement portfolio makes sense. It may wind up being an outsized portion of your wealth when you retire.