undefined | Better HN

0 pointsBTCOG5y ago0 comments

Perpetuating myth and propaganda that even the US government doesn't say about Bitcoin, I see.

Did you pay attention to the recent Bloomberg article about cryptocurrencies being the best gaining asset class of 2020, or the article about the $2 trillion dollars worth of laundered money being done using traditional USD and banks? And how much money was laundered through Bitcoin again? A money that is very hard to hide. Bitcoin has smart contracting so it would appear you're just regurgitating things you've read rather than reaching into an in-dept knowledge on this subject.

0 comments

microtherion5y ago

> cryptocurrencies being the best gaining asset class of 2020

And tulips were the best gaining asset class of 1636. The existence of speculation is not proof of the soundness of the underlying asset.

> trillion dollars worth of laundered money being done using traditional USD

The difference being that I have firsthand knowledge of honest economic activity being conducted with USD. I see practically zero evidence of cryptocurrencies being used in any honest economic activity, other than speculation.

> Bitcoin has smart contracting

Yes, but my understanding is that Ethereum can handle much more complex contracts.

j / k navigate · click thread line to collapse