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Finally! Now there's a real example crypto enthusiasts can point to of BTC usage that isn't black market or laundering.
by SavantIdiot 5y ago
Finally! Now there's a real example crypto enthusiasts can point to of BTC usage that isn't black market or laundering.
- drdrey 5y agoOr maybe you just haven’t been paying attention? What about the Pineapple fund, The Giving Block and Gitcoin grants just to name few?
- 3r8Oltr0ziouVDM 5y agoWhat do you mean by "finally"? It always was one the main use cases, doing p2p value transactions.
- johnisgood 5y agoYep, you could even buy groceries with BTC, but the haters seem to overlook some things. I actually bought coffee with it before, and yeah, it is legal.
- TacticalCoder 5y agoThe first BTC usage I remember (before hearing that it was also used to buy drugs) being talked about was poker players using it to do "person to person" transfer between poker sites. Someone had money on PokerStars and you didn't but wanted some immediately. That person would send you $100 on PokerStars (using a "player to player" transfer) and you'd sent that person 200 BTC (back when BTC was at 50 cents). This was kinda common on poker forums between regulars (sadly I was too dumb to realize the value back then). Sure it was gambling but it was neither black market nor money laundering. P.S: an estimated 3% to 5% of the world's GDP is linked to criminal activities. There are hundreds of politicians in the Pandora papers. Money laundering predates cryptocurrencies by a very long time and it's a problem on a whole different scale.