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Tangentially, if you have to make money "from" stolen currency, it must be a strange kind of currency.
by macleginn 3y ago
Tangentially, if you have to make money "from" stolen currency, it must be a strange kind of currency.
- romwell 3y agoCrypto is a form of asset, not currency. We just use the wrong word for it.
- lrvick 3y agoTo you maybe. I regularly buy things with it.
- schleck8 3y agoCan you disclose three of the types or products you buy with it without going to jail though?
- lrvick 3y agoAssuming most people that use cryptoassets are criminals is not very nice. The media loves to talk about criminals using it, as though criminals do not use every other asset class as well. I buy all sorts of things. To name a few.... Cloud servers, VPN subscriptions, hardware security modules, random number generators, mechanical puzzles, anonymous donations to charities, payments to/ from friends for splitting checks at dinner, coffee from Backyard Coffee in Palo Alto, beer from a bar in Germany, a usb battery at a electronics store in Japan. Friend of mine even uses it to buy sex toys online with reasonably good privacy. Everything I have ever purchased with cryptoassets is legal and the same is true as far as I know of all the many friends I have that make regular use of them as well. Some of us actually believe in centralized finance without central government control, and others just like to buy things or move value around without fees or having their purchase history sold.
- user_7832 3y ago> Can you disclose three of the types or products you buy with it without going to jail though? I know this isn’t the main point of your question, but illegal things can be moral (eg most “victimless crimes” like being homeless/sleeping in a van) while legal things may be immoral (eg bank accounts in the canary island).
- stephenr 3y agoI dunno. Is "asset" really the right word for "your own little step on the pyramid scheme"
- LudwigNagasena 3y agoYou can make money from stealing anything of value. What is strange about it?
- gambiting 3y agoNormally if you stole euros you wouldn't need to first sell them for dollars to get value out of them. Cryptocurrencies are not currencies, not any more than rare postage stamps are.
- lrvick 3y agoI buy things and send money with cryptocurrency often, and some of my clients pay me with it. Faster than bank transfers, and lower fees.
- gambiting 3y agoHow is it being one of like 12 people globally who actually do this?
- lrvick 3y agoI know hundreds, so I assume there are thousands of us at least. Not to mention spikes in usage in several countries during times where inflation is wild enough to make bitcoin prices seem stable by comparison.
- phoe-krk 3y ago> Normally if you stole euros you wouldn't need to first sell them for dollars to get value out of them. I can't pay with dollars in most of the shops in Poland. According to your logic, a dollar isn't a currency, not any more than rare postage stamps are. Or, in other words - why and how do currency exchanges exist, then? They literally sell and buy different kinds of money.
- gambiting 3y ago