2 ms·
The same way people buy stuff like marijuana, prostitution, alcohol where all those things are illegal, except people who have those preferences are few and far
by maverick-iceman 5y ago
The same way people buy stuff like marijuana, prostitution, alcohol where all those things are illegal, except people who have those preferences are few and far in between, whereas everybody and their brother is afraid of inflation, debasement and be diluted by the government and the Fed with the excuse of economic recovery.
My prediction is that over time people would simply find a btc dealer and pay them with wire transfer and lie to their bank about the reason of the transfer
Same thing with Paypal, credit cards etc. Every regular business is a potential dark crypto exchanger where a person goes there (either physically or online) and there is a tacit deal that they'd pay money but the business won't provide them any goods or services, they'd send them cryptocurrencies instead.
That's what true decentralization looks like, a global opaque market where each transaction ought to be negotiated individually between 2 parties.
LocalBitcoins.com tried, but people preferred the convenience of exchanges such as coinbase, they'd have to learn the hard way when government cracks down on those.
That's really unstoppable, you can never shut it down
A huge benefit is also that there would not be an notorious and advertised global price which people can point at and become envious about those who bought bitcoin at 0,01$. Those people are the biggest opposition to BTC/crypto. Not the environmentally concened, but those who think they missed the boat and and now want to gang up on crypto to destroy other people's gains and re-establish parity. Many environmentally concerned are just envious people who use the environment as the excuse , but they really can't stand the wealth differential which emerged between themselves who missed the boat and the early adopters.ff