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Bitcoin has found product market fit with the correct privacy needed for regulators to be happy with it. A few examples of bitcoin privacy shortcomings, doesn’t

by ojr 5y ago

Bitcoin has found product market fit with the correct privacy needed for regulators to be happy with it. A few examples of bitcoin privacy shortcomings, doesn’t mean the system isn’t wildly successful. One of the best electric car company in the world, Tesla, holds $2 billion worth of bitcoin today. A lot of bitcoin is bad and centralized and whatever narratives are missing the big picture.

ClumsyPilot 5y ago
"One of the best electric car company in the world, Tesla, holds $2 billion worth of bitcoin today." I don't think that's what bitcoin is for, it's a bit like saying a speaker is great because is makes a great footrest
- fastball 5y ago
  What is Bitcoin for then?
  - kibwen 5y ago
    Gambling. Unless you're rich, in which case you have license to use the word "speculation".
    - fastball 5y ago
      That wouldn't really seem to jive with GC's point then, as Tesla also seems to be using Bitcoin for gambling.
    - nikanj 5y ago
      And crime. Don’t forget crime
VHRanger 5y ago
"regulators to be happy with it" What world do you live in? All regulators are increasing regulation and oversight on crypto, whether it's the western world, China or Russia. The only ones happy with it seem to be El Salvador and some crypto lobbyists
- aaaaaaaaata 5y ago