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What's with the focus on drugs? Your comment about trustlessness also isn't quite correct; Bitcoin is trustless in the sense that it does not require personal

• lifeisstillgood 12y ago
  Because the parent was talking about drugs (well illicit transactions) as the proof that bitcoin worked well as a currency. I'm unconvinced. And tired hence the rambling. I suggest that anything will work as a medium of exchange especially if you have the threat of death to back up your trust needs. All that is needed is the belief on both sides that bitcoin (or a fleet of Porsches) will hold it's value long enough to complete both this transaction and enough similar transactions to expend the bitcoins received. So bitcoins don't seem special in this regard - they just seem like cash. And that I don't think is a valid proof they can become a real currency as used in the "trust" economy. I do accept that trusting the other side won't run off with my drugs is different from trusting the Bank of England won't inflate away my value. But the vast majority of transactions in USD don't have that worry on any sensible timescale either. (Not true of say Zimbabwe) Thank you - and apologies for commenting whilst tired. Edit: well the parent (toasted) was commenting up thread on drugs, but now that's massively down thread and this making my comments on drugs pretty weird. I see