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> 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
by 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.