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> It never had a real use outside of scamming people and buying illegal shit HashCash was invented to make spam expensive and save email. > Everyone was yelli
by LawTalkingGuy 4y ago
> It never had a real use outside of scamming people and buying illegal shit
HashCash was invented to make spam expensive and save email.
> Everyone was yelling at people to hold. Don't spend it, it will go to the moon!
No, most of us "in the community" were having fun buying pizzas with it. The vast majority of the people involved early started for the features it unlocked, we didn't foresee being able to ride it to riches like this because nobody could picture our families using it or putting money into it. We thought it would remain a protocol-level thing.
> And sure it keeps your money away from the spooky scary government.
Horses for courses. I like having some "untraceable" internet money for buying things overseas, like servers, etc. If I wanted to have posters put up in Moscow I could find and pay someone in BTC but not from USD.
> But I prefer my government insured bank account using a government managed currency and recourse for any scams/hacks that might happen to me.
Generally, yes. Modulo inflation, "haircuts", forced confiscation, looking suspicious because you have too much money, etc.