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No idea why you get down voted, but it is extremely clear that Bitcoin is useless as a currency. It is many orders of magnitude worse as payment network over ex
by constantcrying 2y ago
No idea why you get down voted, but it is extremely clear that Bitcoin is useless as a currency. It is many orders of magnitude worse as payment network over existing solution.
The one advantage it has, trustless transactions without the double spending problem, is not even desirable for governments. Why would any government want a payment system it can not control.
Bitcoin is a literal meme, it's worth is entirely derived from the beliefs of some subculture.
- BobaFloutist 2y agoNo, no, Bitcoin's actually incredibly useful for fraud, money laundering, tax avoidance, and other crimes.
- constantcrying 2y agoNot really. Monero is far superior on every metric. In the BTC network all transactions are publicly traceable, that makes it far too easy to identify people.
- tromp 2y agoMonero is inferior on several metrics. Such as needing to keep track of all TXO rather than the orders of magnitude smaller set of UTXO. Or having a much more front-loaded emission (40% in first year, with intentionally crippled public miner).
- constantcrying 2y agoBut anonymity is your #1 concern when doing fraud, money laundering or criminal transactions.