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Indeed, it is rather simple, all the founders and idealists of btc have been something like technology supremacist and do not want any government interventions
by yawaworht1978 5y ago
Indeed, it is rather simple, all the founders and idealists of btc have been something like technology supremacist and do not want any government interventions infringing on their business matters.
They need to pretend how this is legal and a technology achievement to obfuscate the real purpose.
These are, founders getting rich, money laundering(called anonymous transactions), exchange of illegal goods( how many people pay with btc for legal things and how many use it to pay for all kinds of illegal things on the dark web?) .
Someone intelligent enough to create Bitcoin is intelligent enough to know this will be used for illicit purposes.
No way in hell did a borderline anarchist cypherpunk believe the general population will trust his system more than the banking system.
If most governments simply outlaw it, the price will have a rapid trajectory towards zero.
Bitcoin and the ecosystem are the only logic tool for ransomware transactions, there is no sugarcoating this.
- easrng 5y agoBitcoin is not anonymous and should not be used for illegal purchases as it is trivial to trace. Use Monero if you care about privacy.