3 ms·

"avoiding laws" is not a "legitimate" use

• snapcaster 3y ago
  I think you're using legitimate to mean "legal and most reasonable people would be okay with it" whereas the post you're responding to meant "legitimate" to mean an actual real technological advancement that wasn't doable with previous technologies
  • deleted 3y ago
    [deleted]
  • bmoxb 3y ago
    > wasn't doable with previous technologies But anonymous London shell companies have been available for years!
    • bombcar 3y ago
      Setting up an entire shell company to buy a dime bag is not an efficient use of money. Of course, apparently fees on bitcoin are so high that buying a dime bag there isn't useful, either.
  • bombcar 3y ago
    Exactly. Legitimate can mean "conforming to the laws" in which case law avoidance can't (usually) be legitimate, but I was taking the secondary meaning of "able to be defended with logic or justification" e.g., it allows something that couldn't otherwise be done (currently). A government that fully supported an actual digital cash that was untraceable (perhaps this is best done with crypto, but you can do it without a blockchain) would serve the same purpose.