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Bitcoin by that logic will also always have demand because you will have to pay your ransoms in it.

sshine 4y ago
It sounds like a joke, but yes, it is the things you can buy that determine a currency’s utility: Drugs, remittance, ransom, exiting a crashing fiat, and a 21st century gambling experience.
- daniel-cussen 4y ago
  So exiting a crashing fiat is like a fire extinguisher or a pistol, worthless until such a moment it is the only thing that isn't worthless. Drugs, too, I defend the actions of the victims of the opioid epidemic in seeking drugs, they were actively tortured for most of their waking hours by a multi-level-marketing pharmaceutical scam. Those drugs weren't recreational, they were an anaesthetic in response to malpractice. Like the Sacklers are literally hard drug dealers, they literally have a monopoly on legal heroin and cocaine. Or should I say OxyContin and Adhansia. They did that through legal bribes as a cover for additional fully illegal bribes, inviting doctors to hedonistic islands to get compromat, treating the FDA like their personal lapdog, disgusting acts of philanthropy with their ill-gotten gains, medical media, and the ordinary media. So like if they are cornering the market and intentionally cheating the patients out of antidote while increasing the doses of poison, you know what, don't tell me black is white. The legal market is shit and the illegal market is superior. And in fact the only limit to their cheating their patients out of medicine is presented by the black market, that's the resistance and why the problem wasn't even worse.
  - sshine 4y ago
    This response seems more related to the morality of drug addiction (through big pharma or dark web). I don't think you can say that the illegal market is superior. There's a lot of downside: Buying heroin and getting fentanyl is an example. My only claim is that cryptocurrencies are useful for things that are at odds with national governments (circumventing their legislation, or dealing with the fact that they're dysfunctional), since in those situations, fiat doesn't work well.
    - daniel-cussen 4y ago
      Do your homework, fuck. You can buy kits to test drugs for purity on those same black markets. It's playing with fire, use your judgment. I would say fentanyl sounds disgusting, but OxyContin is even worse, because at least fentanyl you're not being tortured for ten hours a day. The dealer isn't gaslighting you about dosage. There are opioids that strong and there are like jeweler's scales you can use to mete them out. So in particular I never had an interest in hard street drugs, just sounded highly unattractive. Like falling into a black hole. To feel happy? Come on.
ALittleLight 4y ago
You probably have a better chance of convincing your hackers to accept Monero than the US government to accept anything other than USD.

It sounds like a joke, but yes, it is the things you can buy that determine a currency’s utility: Drugs, remittance, ransom, exiting a crashing fiat, and a 21st century gambling experience.

daniel-cussen 4y ago
So exiting a crashing fiat is like a fire extinguisher or a pistol, worthless until such a moment it is the only thing that isn't worthless. Drugs, too, I defend the actions of the victims of the opioid epidemic in seeking drugs, they were actively tortured for most of their waking hours by a multi-level-marketing pharmaceutical scam. Those drugs weren't recreational, they were an anaesthetic in response to malpractice. Like the Sacklers are literally hard drug dealers, they literally have a monopoly on legal heroin and cocaine. Or should I say OxyContin and Adhansia. They did that through legal bribes as a cover for additional fully illegal bribes, inviting doctors to hedonistic islands to get compromat, treating the FDA like their personal lapdog, disgusting acts of philanthropy with their ill-gotten gains, medical media, and the ordinary media. So like if they are cornering the market and intentionally cheating the patients out of antidote while increasing the doses of poison, you know what, don't tell me black is white. The legal market is shit and the illegal market is superior. And in fact the only limit to their cheating their patients out of medicine is presented by the black market, that's the resistance and why the problem wasn't even worse.
- sshine 4y ago
  This response seems more related to the morality of drug addiction (through big pharma or dark web). I don't think you can say that the illegal market is superior. There's a lot of downside: Buying heroin and getting fentanyl is an example. My only claim is that cryptocurrencies are useful for things that are at odds with national governments (circumventing their legislation, or dealing with the fact that they're dysfunctional), since in those situations, fiat doesn't work well.
  - daniel-cussen 4y ago
    Do your homework, fuck. You can buy kits to test drugs for purity on those same black markets. It's playing with fire, use your judgment. I would say fentanyl sounds disgusting, but OxyContin is even worse, because at least fentanyl you're not being tortured for ten hours a day. The dealer isn't gaslighting you about dosage. There are opioids that strong and there are like jeweler's scales you can use to mete them out. So in particular I never had an interest in hard street drugs, just sounded highly unattractive. Like falling into a black hole. To feel happy? Come on.

ALittleLight 4y ago

You probably have a better chance of convincing your hackers to accept Monero than the US government to accept anything other than USD.