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It’s worth noting that gambling and crime (of the evading money transfer restrictions variety not the stealing kind) are perfectly useful applications for a tec
by CPLX 3y ago
It’s worth noting that gambling and crime (of the evading money transfer restrictions variety not the stealing kind) are perfectly useful applications for a technology.
That’s all crypto has ever been and all it will be. But that’s pretty big. Gambling is one of the most enduring and appealing activities humans engage in. Lock people in a prison with only walls and cigarettes and they’ll figure out how to do it. People will populate an empty desert to do it.
So there’s that.
- kmeisthax 3y ago>of the evading money transfer restrictions variety not the stealing kind At least in the western world these are synonyms, and everywhere else it's still more often that the tech is used for theft than for authorized-but-illegal transactions. Irreversible, censorship-resistant transactions are like rocket fuel for cybercriminals.
- CPLX 3y agoNot really. The original killer app for crypto was sending people money in exchange for drugs, which fits my description quite neatly.