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There are some really bad points in here. Like this: Bitcoin's utter lack of regulation permits really hideous markets to emerge, in commodities like assassina
by andyhmltn 13y ago
There are some really bad points in here. Like this:
Bitcoin's utter lack of regulation permits really hideous markets to emerge, in commodities like assassination (and drugs and child pornography).
So are you saying I can't pay for drugs with cash?
- ubercore 13y agoYou can't as easily pay someone across the country in cash for drugs that they then ship to you.
- philwelch 13y agoYou can, but cash is cumbersome to manage and dealing in large quantities of it all the time immediately makes you a suspected drug dealer.
- melindajb 13y agoand there's the whole traceability thing. if you can't trace the transactions you can't find bad actors. Consider the "follow the money" line in "All The President's Men" regarding the Watergate scandal. If Nixon had paid the burglars in bitcoin he'd probably still be in office.