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Finally, the Real World use case for Bitcoin!
by FeloniousHam 6mo ago
Finally, the Real World use case for Bitcoin!
- pokstad 6mo agoRansomware payments, speculative trading, now paying off oil pirates!
- OutOfHere 6mo agoI am afraid that soon, actual sea pirates, e.g. in Central and South America, Africa, etc. will start using naval mines in their regional seas, demanding crypto payment from passing ships.
- thatguy0900 6mo agoI'm not sure most people have the strength of conviction in their God to stare down the us navy like Iran does.
- OutOfHere 6mo agoIt doesn't have to be a US Navy ship that they target. They could target anyone else. The mines are intelligent in who they target.
- thatguy0900 6mo agoIf they're dropping mines then the navy will be the targets eventually.
- keybored 6mo agoDo drones need conviction?
- thatguy0900 6mo agoThe person launching them sure does. This scenario reminds me of the time Russian hackers took over a US pipeline a couple years ago then immediately apologized saying they didn't want to cause a international incident and they would vet their targets better in the future. There are not many people who want that kind of heat. Like the first ayatollah is dead and the second is reportedly in a coma. The Iranian government is willing to pay that price and that's why they won. How many pirate leaders do you think are willing to pay their life so that their third of fourth successors can maybe collect a toll? Or how many are like Venezuela and you can kidnap one guy and the whole house folds.
- derangedHorse 6mo agoIf it was just to 'hide' payments then they could just use USD and using crypto would just be an improvement in convenience. A bigger reason is that they won't be indirectly attacked with monetary policy and that the acceptance of USD with entities willing to do business with them is probably low right now.
- staplers 6mo agoThings that have never happened with USD. Glad we have a truly clean pure money that is incorruptible unlike bitcoin.
- SilasX 6mo agoIran is a recognized national government, not a pirate. Oh crud I just opened a can of worms with that, didn't I? https://en.wikipedia.org/wiki/Pirates_and_Emperors https://en.wikipedia.org/wiki/Pirates_and_Emperors https://www.youtube.com/watch?v=UQBWGo7pef8 https://www.youtube.com/watch?v=UQBWGo7pef8
- OutOfHere 6mo agoCryptocurrency has had many legal real world uses cases. It is used heavily in prediction markets. Serving as an inflation-resistant store of value that is orthogonal to gold also is an implicit real world use case. Permissionless and easy international transfer of funds between individuals has been the biggest real world use. It's not only for collecting and trading. Obviously, those wanting to suppress it will keep finding excuses.
- GJim 6mo agoI confess I'm not entirely sure if this is satire or if you are a true believer. Well done!
- nprz 6mo agoLol at the downvotes. People get so mad if you say you prefer one imaginary ledger over another.
- OutOfHere 6mo agoThe same people have no idea what's coming for them even when it's in their face as with the posted news article. If the US doesn't act now to restore the use of USD in Hormuz, it's the beginning of the end of the for the USD as a currency for international trade.
- _DeadFred_ 6mo agoDefending crypto as legitimate by adding 'it's also useful for gambling to get around regulation' is wild.
- OutOfHere 6mo agoSome bets are less gambling than others. For example, if you bet "no" on the US leaving NATO this year, just how much of a gamble is that? There are many such bets, some a lot less uncertain than this example. Anything can happen in today's environment as yesterday's ceasefire showed, but in aggregate, statistics and commonsense are not lost. The regulation you speak of is oppressive, legally unchallenged, and is considered undesirable by people who appreciate personal freedom.
- user____name 6mo agoShould just pay in pure cocaine, cut out the crypto middlemen.