Ahah, yeah, it’s so wildly integrated everywhere, like drug deals, and illicit payments for scams, and some government sanctioned terrorism, and plain old scams. And gambling, can’t forget about illegal gambling.
But also for all other things. Like, a hammer and a gun can both be used to kill a person, but one is a multipurpose tool that can be misused with various success, and the other is a purposefully created one, and if you try to hammer a nail with it, it will be a miserable experience that yields no results.
I can’t get into the heads of it’s creators, I don’t know what they were thinking. However they created a thing that is absolutely abysmal at being “state independent currency”, addresses the wrong problems incorrectly, to the detriment of what needs to be addressed. It’s sluggish, expensive, volatile, inconvenient, and offer zero error-protection or any protection really. For criminal usage those cons are outweigh by the fact that it’s anonymous and is outside of the laws. For running scams you couldn’t create better environment. You can also gamble on it’s volatility. For anything else it’s less then useless.
Whether or not it was created with crimes in mind or not is not even that relevant.
That wouldn’t be necessary anyway. A lot of that history is still on the internet today. You can even go all the way back to when the original creator first introduced it in some old newsgroup/mailing list.
addresses the wrong problems incorrectly, to the detriment of what needs to be addressed
Maybe it wasn’t intended to address the problems that you have in mind? (Care to share?)
zero error-protection
I’m curious what you mean by this. I mean, taken literally, it’s just simply false; there is a non-zero amount of error protection. Are you thinking of like a specific type of error or protection?
For criminal usage those cons are outweigh by the fact that it’s anonymous and is outside of the laws. For running scams you couldn’t create better environment.
It’s very traceable… because of the way that it is (it’s a public ledger). You could absolutely create better environments for nefarious activity. Don’t use Bitcoin if you want privacy.
You can also gamble on it’s volatility.
Yeahhh… Not like it used to be though. It was WILDLY volatile, years ago. I don’t think we’ll see any more people going from middle class to having hundreds of millions of dollars worth of old bitcoin they mined years ago. (Though I’m sure people will still continue to lose plenty when the value spikes then crashes again.)
Whether or not it was created with crimes in mind or not is not even that relevant.
Oh. Maybe I misunderstood your analogy then.
Just to clarify: I don’t even want to defend Bitcoin. I’m not a fan of it, it’s environmentally nasty, and I really don’t know why the Nostr people love it so much (though I’m sure they’ll happily explain if asked). I just prefer information to be accurate. It kinda bums me out how much info on the internet is inaccurate due to people who aren’t an authority on a topic, speaking with authority on the topic. It’s perfectly fine not to know stuff. We were born not knowing stuff.
Yeah. That’s way more wide than it was 10 years ago. You’re sarcastically making their point. It doesn’t get integrated into good things, but the government acknowledging it is a crazy step towards legitimizing it.
If you mean the American government, they adopted the technology to run official pump-and-dumps, yes. But that’s actually my point, it’s not used for anything but crimes and gambling, because it’s not useful for anything else, and the second criminals will figure out any other way to transfer large sums of money to each other they will use that instead of clunky crypto, and then it will only be used for illegal gambling.
I should admit, using crypto is way better than stuffing piles of cash into homemade submarines.
I cannot understand in what world “being used more by criminals to do crimes” can be considered legitimation. It’s kind of the opposite really. By definition almost.
You were able to sell your scamcoin for cash since the beginning of it, it was always allowed. It’s not even a step, it’s the same as it was before.
I think on the scale from: no one can use it except for drugs on the Internet to: it’s the world currency. crypto debit cards, using crypto as collateral for loans, being able to exchange it for cash and it being used as a fiat currency for high-level crimes by the government is higher on the scale.
The only thing that is new about it, is that current US regime got in on the grift and is doing rugpulls left and right. Everything else you’re describing was there already for more than a decade. But now everyone understands that there technology is useless, so there is no pretending that it can be used for anything but crime and gambling. I had crypto ATM outside of my appartment when I lived in a less-then-developed country more than 10 years ago, and back then the idea was that most of those who are using it are scammers or scam victims, but not all, and I’m not even talking about silk road customers. Now this notion is gone.
Nft profile pic, .ml account, crypto defender… It’s some kind of trifecta of idiocy but I can’t think of the correct word to define it, if it even exists.
It’s fucking hilarious though.
Ahah, yeah, it’s so wildly integrated everywhere, like drug deals, and illicit payments for scams, and some government sanctioned terrorism, and plain old scams. And gambling, can’t forget about illegal gambling.
Tbf, “real” money is also used for those things.
But also for all other things. Like, a hammer and a gun can both be used to kill a person, but one is a multipurpose tool that can be misused with various success, and the other is a purposefully created one, and if you try to hammer a nail with it, it will be a miserable experience that yields no results.
You think Bitcoin was created specifically for crime?
I can’t get into the heads of it’s creators, I don’t know what they were thinking. However they created a thing that is absolutely abysmal at being “state independent currency”, addresses the wrong problems incorrectly, to the detriment of what needs to be addressed. It’s sluggish, expensive, volatile, inconvenient, and offer zero error-protection or any protection really. For criminal usage those cons are outweigh by the fact that it’s anonymous and is outside of the laws. For running scams you couldn’t create better environment. You can also gamble on it’s volatility. For anything else it’s less then useless.
Whether or not it was created with crimes in mind or not is not even that relevant.
That wouldn’t be necessary anyway. A lot of that history is still on the internet today. You can even go all the way back to when the original creator first introduced it in some old newsgroup/mailing list.
Maybe it wasn’t intended to address the problems that you have in mind? (Care to share?)
I’m curious what you mean by this. I mean, taken literally, it’s just simply false; there is a non-zero amount of error protection. Are you thinking of like a specific type of error or protection?
It’s very traceable… because of the way that it is (it’s a public ledger). You could absolutely create better environments for nefarious activity. Don’t use Bitcoin if you want privacy.
Yeahhh… Not like it used to be though. It was WILDLY volatile, years ago. I don’t think we’ll see any more people going from middle class to having hundreds of millions of dollars worth of old bitcoin they mined years ago. (Though I’m sure people will still continue to lose plenty when the value spikes then crashes again.)
Oh. Maybe I misunderstood your analogy then.
Just to clarify: I don’t even want to defend Bitcoin. I’m not a fan of it, it’s environmentally nasty, and I really don’t know why the Nostr people love it so much (though I’m sure they’ll happily explain if asked). I just prefer information to be accurate. It kinda bums me out how much info on the internet is inaccurate due to people who aren’t an authority on a topic, speaking with authority on the topic. It’s perfectly fine not to know stuff. We were born not knowing stuff.
Yeah. That’s way more wide than it was 10 years ago. You’re sarcastically making their point. It doesn’t get integrated into good things, but the government acknowledging it is a crazy step towards legitimizing it.
If you mean the American government, they adopted the technology to run official pump-and-dumps, yes. But that’s actually my point, it’s not used for anything but crimes and gambling, because it’s not useful for anything else, and the second criminals will figure out any other way to transfer large sums of money to each other they will use that instead of clunky crypto, and then it will only be used for illegal gambling.
I should admit, using crypto is way better than stuffing piles of cash into homemade submarines.
I think your point is not actually a counterpoint to theirs. It’s able to be used only for crimes and be more widely adopted and integrated than ever.
Also, you’re able to exchange Bitcoin for cash now. That’s a gargantuan leap forward in terms of legitimation
I cannot understand in what world “being used more by criminals to do crimes” can be considered legitimation. It’s kind of the opposite really. By definition almost.
You were able to sell your scamcoin for cash since the beginning of it, it was always allowed. It’s not even a step, it’s the same as it was before.
I think on the scale from: no one can use it except for drugs on the Internet to: it’s the world currency. crypto debit cards, using crypto as collateral for loans, being able to exchange it for cash and it being used as a fiat currency for high-level crimes by the government is higher on the scale.
The only thing that is new about it, is that current US regime got in on the grift and is doing rugpulls left and right. Everything else you’re describing was there already for more than a decade. But now everyone understands that there technology is useless, so there is no pretending that it can be used for anything but crime and gambling. I had crypto ATM outside of my appartment when I lived in a less-then-developed country more than 10 years ago, and back then the idea was that most of those who are using it are scammers or scam victims, but not all, and I’m not even talking about silk road customers. Now this notion is gone.
I mean, just because you aren’t keeping up with the use cases doesn’t mean everything is scams.
Girl, your profile pic seems like nft, nobody took anything you’re saying seriously for years, the fuck do you think I’m gonna start now
Nft profile pic, .ml account, crypto defender… It’s some kind of trifecta of idiocy but I can’t think of the correct word to define it, if it even exists.
It’s fucking hilarious though.