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> So long as there’s demand for contraband, there’s a utility for BTC Drug money... while that was true at one point, you have to be the stupidest MF'er in thi
by Melting_Harps 3y ago
> So long as there’s demand for contraband, there’s a utility for BTC
Drug money... while that was true at one point, you have to be the stupidest MF'er in this planet to deal with DNM tx with BTC at this point unless you have secure OPSEC (something most who operate DNM couldn't even do, see SR1/2).
The truth is BTC has more usecases than you are lining out, go look at Ukraine's Bitcoin address, that was what was using to fund early escape missions during the attacks of Russia when the central bank failed to operate and imposed liquidity collapse in the onset of the War. This was what led to the realization of United24, the official Ukrainian governments solution for continued fundraising (using not just BTC, but other alts too) for support in other critical needs--like invincibility centers that provide food/water/shelter in these war torn areas.
Want an even longer use case? Go look at Return Alive's BTC address going back a decade now, we as a community have been proving non-lethal aid to Ukraine since the Maidan Revolution in 2013 when the collapse of their currency and capital controls and rapid inflation took over.
Really I can go on, and while I don't deny our past (in fact I'm quite proud of our origins as a means to transfer value freely on the Internet) you are misled to believe it still operates much volume towards those ends these days because of the analytics and monitoring that is being done 24/7 by intelligence agencies and 3rd party affiliates for just this. Hell, I bet there are more scams/hacks by the North Korean cyber military than there is in drug money.
- prepend 3y ago> Drug money... while that was true at one point, you have to be the stupidest MF'er in this planet to deal with DNM tx with BTC at this point unless you have secure OPSEC Lots of stupid MFers out there. I know quite a few people who have mail ordered their drugs for 10 years using bitcoin. There’s lots of atms that cash in bitcoin out and have dubious identity checks. And there are still in person meetups to swap cash for bitcoin. Not perfect, but easier than mailing cash or burner PayPal accounts. This is also like the only use case for bitcoin in the developed world.