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So it's utility is for sketchy (but not too sketchy!) merchants in which a much cheaper wire transfer or free visa/mc payment would be unacceptable, but not ill
by heterodoxxed 6y ago
So it's utility is for sketchy (but not too sketchy!) merchants in which a much cheaper wire transfer or free visa/mc payment would be unacceptable, but not illegal because it's a permanent public record of the transaction. Got it.
- solveit 6y agoI mean, yes, they exist. And the public record is fine because you just create a new address for every transaction and cash out. Just because phone companies keep a record of who's calling who doesn't mean phones aren't useful for crime. You just use a burner phone in the full knowledge that the police can track you down, but won't because you're small fish doing minor crime.
- heterodoxxed 6y agoThat seems like so small of a market as to be virtually nonexistent. How much would you say you spend on these markets in a month?
- solveit 6y agoTo take one example, the global counterfeit brand market is worth trillions. They don't trade exclusively or even mainly in BTC (mostly you'd sell with physical cash), but they do use it for the reasons I mentioned above.
- heterodoxxed 6y agoThat seems extremely niche. But I was asking how much you specifically spend per month in this way.