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0 pointskbody8y ago0 comments

People will see what they want to see. Like one could see Internet as pretty much the sole thing that enables child pornography and causes immeasurable damage.

Also, pretty sure Cash and Banking trumps Bitcoin in all of the following: terrorism, human-trafficking, drugs. Shell companies and weird schemes having been used and are used for a long time.

Final note, I argue that a lot of Venezuelans and Zimbabweans are thankful Bitcoin exists and they are not destroyed by the irresponsibility of governments.

0 comments

Retric8y ago

With 20+$ transaction fees nobody is using Bitcoin for day to day expenses.

On net people are also caught through the Banking system, so you need to look at the ratio of net good : net bad. In that context it's hard to see any real value in Bitcoin as it exists today.

maehwasu8y ago

Shockingly, it turns out that there are people in Venezuela and Zimbabwe who have demand for unconfiscatable/uninflatable stores of money beyond daily transactions.

Retric8y ago

It costs more than 40$ to store then retrieve value. That's unfavorable for the vast majority of people in those countries and not cost effective for those with means.

j / k navigate · click thread line to collapse

0 pointskbody8y ago0 comments

People will see what they want to see. Like one could see Internet as pretty much the sole thing that enables child pornography and causes immeasurable damage.

Also, pretty sure Cash and Banking trumps Bitcoin in all of the following: terrorism, human-trafficking, drugs. Shell companies and weird schemes having been used and are used for a long time.

Final note, I argue that a lot of Venezuelans and Zimbabweans are thankful Bitcoin exists and they are not destroyed by the irresponsibility of governments.

0 comments

Retric8y ago

With 20+$ transaction fees nobody is using Bitcoin for day to day expenses.

On net people are also caught through the Banking system, so you need to look at the ratio of net good : net bad. In that context it's hard to see any real value in Bitcoin as it exists today.

maehwasu8y ago

Shockingly, it turns out that there are people in Venezuela and Zimbabwe who have demand for unconfiscatable/uninflatable stores of money beyond daily transactions.

Retric8y ago

It costs more than 40$ to store then retrieve value. That's unfavorable for the vast majority of people in those countries and not cost effective for those with means.

j / k navigate · click thread line to collapse