bitcoin is nice for evading currency controls
Conversation
Yep drug deals still the only application I’ve seen. Bitcoin is implemented, let’s move on.
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Chinese also use it to send money out of the country illegally so they can buy up property in Vancouver.
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And ransomware ofc
Could never be a thing without crypto.
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Yes I mean illegal flows of funds generally.
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The only 'good' use cases are people in Venezuela or whatever using it which is still just evading government control just for the right reasons instead of the wrong ones.
It's funny that I had this conversation like 6 years ago with crypto friends and nothing new happened since
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I genuinely thought I’d be more wrong
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Only thing on crypto I've been wrong about is the pricelevels.
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That one did hurt tho
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Thinking back to saying "No I don't believe in this, it looks dumb" to my friend that tried to get me into bitcoin at 100 dollars only gives me an ulcer and migraine now. Which I consider personal growth given how it made me feel in the past.
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I shouldn’t complain, I got a bitcoin for a six pack of beer in college. Made a few thousand from it when I found it on an old hard drive.
The guy who gave it to me was obsessed in 2011 and had sold it all by 2013. Tragedy.
Oh, yes, nobody got rich on my end either. The bitcoin at 100 dollar guy sold out at 400. He probably feels worse than me tbh
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