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Bitcoin being used as an extralegal way to acquire anything isn’t an irony necessarily, just a part of functioning money.
by bitxbitxbitcoin 5y ago
Bitcoin being used as an extralegal way to acquire anything isn’t an irony necessarily, just a part of functioning money.
- woodruffw 5y agoThe "irony" mentioned is that it isn't serving any of its myriad purported goals: it isn't a functional store of value and it isn't itself a mechanism of exchange or liquidity. Extralegality is merely a circumstantial property.
- everfree 5y agoBitcoin is a tool that can be used to enable something. If I want to get value out of a hammer, I don't care whether that value comes from me using it directly or indirectly, and I don't care whether the useful properties of my hammer are intentionally designed or are circumstantial.
- hdfjjbvcf 5y ago
- hiq 5y agoThe article mentions USDT (the stable non-local fiat) though, not Bitcoin. The article doesn't say whether people are interested in BTC for anything but mining.
- bitxbitxbitcoin 5y agoI am aware. I was responding to the comment emphasizing how using BTC (via mining or not) to get USDT is a known/anticipated use of Bitcoin and highlights Bitcoin performing at least one of money’s functions.