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Bitcoin benefits drug users and dealers every single day, and have been doing it for almost 10 years. May be in US it's different, but there's just no street dr
by golergka 5y ago
Bitcoin benefits drug users and dealers every single day, and have been doing it for almost 10 years. May be in US it's different, but there's just no street drug trade anymore around here. If you want to buy weed, you have to buy bitcoin, in some shape or form.
- Frondo 5y agoNot saying I ever buy illegal drugs, but my venmo history is full of people buying $80 of pizza or $150 of sushi -- this seems to be seller's preference, as far as I can tell. No one in my rather wide extended circle has ever tried to or even suggested using crypto for these kinds of transactions.
- technobabbler 5y agoWow, your weed dealer is a very multi-talented person.
- whimsicalism 5y agoThat's because marijuana still counts as a drug. In young professional circles for non-marijuana drugs, there is definitely a major crypto backend even if you only deal with the middleman.
- throwaway946513 5y agoSushi bars be expensive.
- tayo42 5y agoGoing from cash to crypto is pretty expensive I think. I tried to do a large transaction thought crypto might work but it was going to be a couple hundred just to convert it
- xur17 5y agoIt's really not. Coinbase pro charges ~0.5% on cash to crypto trades. Strike charges a very small spread on cash to bitcoin, and you can send directly to other lightning nodes for < $0.01. USDC can be converted from / to USD for free on Coinbase.
- tayo42 5y agoI can transfer thousands through zelle for free. Anything more then pennies I would consider expensive
- easrng 5y agoThat's a terrible idea. Bitcoin is completely public, you should use a privacy coin like Monero or ZCash.
- whimsicalism 5y agoGood luck converting Monero to fiat.
- ar_lan 5y agoBinance has it.
- whimsicalism 5y agoHm, interesting. Binance US does not. I can't imagine that you wouldn't take a substantial haircut... way more people would want to sell monero on Binance because the benefits of selling there are way more than the unique benefits of buying there (it is easy to buy monero, it is not easy to sell monero without getting dirty coins).
- easrng 5y agoWith Monero you can't tell if coins are dirty so it doesn't matter. Edit: I misread, you're talking about Monero -> Other coin swaps. My bad.
- golergka 5y agoThat may be true, but that's already a widely established industry that doesn't accept any other coin. I'm not offering any value judgements, just a statement of fact.
- thendrill 5y agoYou mean Monero thou. Why use bitcoin?
- golergka 5y agoBecause that's the only coin the biggest and de-facto monopoly marketplace, that processes tens of millions of dollars worth of deals per day, accepts.
- tjr225 5y agoWhere I live, you just go to the weed store and use USD.
- whimsicalism 5y agoOther drugs
- treeman79 5y agoScrew other drugs. I want to get some antibiotics without having to hear a lecture from 3 different doctors on why they won’t help me, even when they do. Or that I injured my back and had to spend 2 grand at Er for a standard 7 day steroid pack to calm inflammation because doctors don’t like prescribing them.