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Bitcoin is still useless except as a gambling ticket or illicit money transfer. And even those use cases are on shaky ground.
by paulryanrogers 2y ago
Bitcoin is still useless except as a gambling ticket or illicit money transfer. And even those use cases are on shaky ground.
- panarky 2y agoReuters: "Russia is using bitcoin in foreign trade, finance minister says" https://www.reuters.com/markets/currencies/russia-is-using-bitcoin-foreign-trade-finance-minister-says-2024-12-25/ https://www.reuters.com/markets/currencies/russia-is-using-b... Your definition of "useless" must be different from mine.
- paulryanrogers 2y agoSounds like an illicit use to me. Russia bypassing sanctions doesn't appear to be making the world a better place for anyone except kleptocrates.
- noch 2y ago> Bitcoin is still useless Oh gosh. You're actually one of those people. Well, it's a pleasure to meet you! And since you feel Bitcoin is useless (I'm leaving the door wide open for a retort filled with cognitive dissonance), please send me 21BTC for which I'll pay you $1000 immediately? My address is: bc1q6k9fcpk9z9wrt9fhmu2dnkq7cn0w72rkpwwvmm
- paulryanrogers 2y agoWhat would you do with it if not exchange it for fiat, gamble, or purchase illegal goods or services?
- latchkey 2y agoPaul, I'm a fan of this thread to answer your questions... https://news.ycombinator.com/item?id=26238410 https://news.ycombinator.com/item?id=26238410
- paulryanrogers 2y agoIs that still true in 2024? Now that fees are up, settlement time is longer, governments can trace coins, and KYC controls are popping up at exchanges?
- noch 2y ago> What would you do with it […] Bla bla bla. What I do with things in private is not really your business, actually. Please send me a useless Bitcoin today and I'll pay you useful money for your effort as described above. Let's trade, sir.
- deleted 2y ago[deleted]