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Bitcoin offers "value" too - in the market economy sense. It allows you to buy illegal products and services on the DarkNet and do so anonymously (if you use on

• benreesman 4y ago
  There is clearly a major use case for “cyber-money” as the new cash. What we used to call freedom we now call “privacy” and while BTC L1 is not all that private really, it at a minimum makes people feel like they have more privacy than using their Visa and not bothering to email the NSA their bank statement directly. If they’re buying drugs for personal use? I’ve got no beef with that, the various legislatures are constantly changing their minds about that, who am I to judge? If they’re trying to buy a hit on someone? I’m sure the authorities are on top of that with or without BitCoin. As you can read on my sibling reply I think it’s more nuanced even than that, but to play Devil’s Advocate: even if BitCoin’s use case was only to seem a little more like cash and therefore feel a little less crowded by the equation group putting full-take on every traffic light they drive past, is that evil or bad or a scam? Fuck I’d pay a lot more than gas fees for a truly private phone call.