5 ms·
Crime is what the government says is a crime. E.g. Wikileaks. Bitcoin is permissionless money. You might not value that, but others do.
by tomp 5y ago
Crime 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.