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Thing is, your quality judgement is questionable by society as a whole. Less regulation -> more crime. Better privacy -> more crime. Cheaper -> more unstable
by toyg 5y ago
Thing is, your quality judgement is questionable by society as a whole.
Less regulation -> more crime.
Better privacy -> more crime.
Cheaper -> more unstable currency markets.
Faster -> more unstable currency markets.
There is a balance to be found, but at the moment most cryptocurrencies are a nightmare from the perspective of people who value stability and order in social arrangements. And none of the current players seem particularly interested in finding that balance, because they know very well that most of their customers are interested in keeping it wild.
- deleted 5y ago[deleted]
- tomp 5y agoCrime is what the government says is a crime. E.g. Wikileaks. Bitcoin is permissionless money. You might not value that, but others do.
- toyg 5y agoIn democratic societies, in theory and largely in practice, crime is what society as a whole decided is a crime. Bitcoin is indeed permissionless, which means you can use it for things society might find nefarious: tax evasion, drug trade, uncontrolled arms trade, human trafficking, money laundering, etc etc. You might not value that, but society as a whole does.
- asterix_pano 5y agoBitcoin is probably one of the worst asset to use for crimes, since all transactions are publicly available on the blockchain, with no privacy.
- toyg 5y agoBitcoin is one of many cryptocurrencies, one that becomes increasingly less relevant with each day.