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Is it really censorship resistant though? In order to actually buy anything with BTC, you need a fiat offramp which is 100% vulnerable to censorship.
by jasonlaramburu 6y ago
Is it really censorship resistant though? In order to actually buy anything with BTC, you need a fiat offramp which is 100% vulnerable to censorship.
- codehalo 6y agoDo you really think you cannot by anything with Bitcoin? Are you uninformed or just dishonest?
- jasonlaramburu 6y agoYes, you can buy some items online with BTC, but almost no household daily essentials. Show me a grocery store, gas station or pharmacy that accepts crypto. There are plenty of companies selling Crypto payment gateway software, so it’s clearly not a technology limitation. The reality is there is no consumer demand for crypto as a means to purchase things.
- blockmarker 6y agoIf transaction fees were reasonable, you could simply sell it to people and they pay you in cash. Nowadays I don't know how resistant it is.