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0 pointsrokkitmensch2y ago0 comments

Non-interdictability and resistance to everything short of thermo-rectal cryptanalysis is actual utility, even if non-USG-approved actors transacting isn't useful to you.

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3 comments · 1 top-level

tfourb2y ago· 2 in thread

Arguably this is currently more of a bug instead of a feature given it’s used primarily for crime and scams. Government regulation over money flows has legitimate purposes and is not pure repression.

ephbit2y ago

> .. given it’s used primarily for crime and scams.

Often claimed and yet not true.

> Hamas thought it could flout Western surveillance and international sanctions by embracing the world’s leading digital asset. It thought wrong, and the story is illuminating for those who mistakenly believe that bitcoin provides a safe space for criminals, money launderers and the financiers of terror.

from here: https://thehill.com/opinion/finance/4273988-hamas-just-learn...

rokkitmenschOP2y ago

Unfortunately, someone opened Nakamoto's box and now we have to live in that universe.

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