4 ms·
It is different mainly in that if you want to move around large amounts of money outside of the banking system you can do so without using briefcases/trucks ful
by aaronax 5y ago
It is different mainly in that if you want to move around large amounts of money outside of the banking system you can do so without using briefcases/trucks full of physical cash.
Whether that movement is illegal or legal is probably at a similar ratio for both crypto and USD physical cash.
- shkkmo 5y agoYou can't turn this speculative asset back into currency without the banking system...so how can this possibly move money outside of the banking system?
- zenethian 5y agoIt's funny that you call bitcoin a "speculative asset" even though fiat currencies are far more "speculative" than anything tangible. Bitcoins are tangible even if they're electronic. Your statement is like saying "this news source that reported this is speculative because it's on the internet, but the real news that's printed in a newspaper is what actually happened."
- Karunamon 5y agoSays who? All you need to find is someone who will give you cash for crypto. Sites like localbitcoins make this easy and safe.