top | item 26649712

(no title)

kibleopard | 4 years ago

> Bitcoin is objective, hard, honest money

Yes, definitely makes sense when the main usage of it is money laundering and mindless speculation

discuss

order

javert|4 years ago

That isn't the case, but believe what you want.

kibleopard|4 years ago

I mean, if you'd like to see some academic research backing up that it is indeed the case, see here: https://academic.oup.com/rfs/article-abstract/32/5/1798/5427...

"We find that approximately one-quarter of bitcoin users are involved in illegal activity. We estimate that around $76 billion of illegal activity per year involve bitcoin (46% of bitcoin transactions), which is close to the scale of the U.S. and European markets for illegal drugs."

I would love if you could point me towards a current use of Bitcoin that isn't as a currency for illegal goods, or as an investment vehicle -- I'm genuinely curious why you think what I said isn't the case.