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Oh boy did OP make a big mistake: "Also, it’s now obvious that use of bitcoin (and related blockchains) for payments is almost entirely scams and illegal stuff.
by SavantIdiot 5y ago
Oh boy did OP make a big mistake: "Also, it’s now obvious that use of bitcoin (and related blockchains) for payments is almost entirely scams and illegal stuff."
When I say this, I typically get a landslide of people claiming they send infinite monies to their impoverished family members in ____ foreign country because the USA limits / regulates / taxes transfers over US$10k. Do you see the implication? This means they are sending more than US$10k in BTC. Think about that for a split second.
How dumb does this person feel sending $10,000 in BTC to a family member a few years ago, as now it it is worth hundreds of thousands, if not millions, which means their family members are crazy rich and they are not. Assuming their target family even has the infrastructure to convert BTC to their local currency of said impoverished nation.
But what do I know.
OP also missed a heavy part of the analogy to XML: people didn't gamble with their life savings by using XML.
- sweetbitter 5y agoBut they didn't send more than that. They sent the exact amount of BTC that equates to $10,000.
- wmf 5y agoMaybe this is too obvious to mention, but people send money to their impoverished family because the family needs that money now, not in a decade. Of course your family didn't "hodl" and become rich.
- SavantIdiot 5y agoMy point is: that narrative is a heartstring-pulling load of B.S.