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So, central bank fiat currency has intrinsic value, is crime proof, and has limited supply? Also, Bitcoin by default is terrible for criminal purposes unless y
by svachalek 6y ago
So, central bank fiat currency has intrinsic value, is crime proof, and has limited supply?
Also, Bitcoin by default is terrible for criminal purposes unless you live somewhere where law enforcement can't reach you. It's a public ledger, anyone who knows your address can read your entire transaction history.
- Gunax 6y agoI am not really trying to stir the debate. I am just answering the title's question and saying that there is nothing novel about their opinions versus anyone elses. Its not really 'yuppie elites' versus 'everyone else' but more like 'conventional investors' versus 'crypto enthusiasts'.
- tablespoon 6y ago> So, central bank fiat currency has intrinsic value, is crime proof, and has limited supply? Central bank fiat currency is as close to having intrinsic value as anything, because you must use it (to pay taxes, at least). > Also, Bitcoin by default is terrible for criminal purposes unless you live somewhere where law enforcement can't reach you. He said it was associated with crime, not that it was good for it. I wouldn't be surprised if The Silk Road was the first use of cryptocurrency that wasn't a gimmick.