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Regardless of whether you agree with all the evil stuff, the fact is that Bitcoin is generating a lot of noise, speculation, and wasting a bunch of energy for p
by mrpopo 6y ago
Regardless of whether you agree with all the evil stuff, the fact is that Bitcoin is generating a lot of noise, speculation, and wasting a bunch of energy for practically nothing.
I know practically no one around me who has ever used Bitcoin for actual purchases other than buying drugs once. And I know literally no one who uses it in daily life. However I have a few dozen friends who bought Bitcoin because it's going to go to the moon or something.
- ur-whale 6y ago> I know practically no one around me ... You need to travel and/or get out of your social bubble more. I've met folks who bought houses with Bitcoin and moved millions across "money transfer unfriendly" borders.
- mrpopo 6y agoI've met folks who bought houses with fiat too. Moving millions across "money transfer unfriendly" borders sounds like money laundering to me.
- ketamine__ 6y agoUnless you live in Venezuela? But I would say it's true that many people in crypto do not want to pay taxes.
- bhupy 6y ago> ...for practically nothing > I know practically no one around me... I recommend reading a bit more about its use in countries with poor fiscal/monetary policy. https://qz.com/africa/1947769/nigeria-is-the-second-largest-bitcoin-market-after-the-us/ https://qz.com/africa/1947769/nigeria-is-the-second-largest-...