42 upvotes, 4 direct replies (showing 4)
Who has adopted it? Lol
Who actually uses it for anything other than a currency reserve?
Nobody has adopted bitcoin because it does nothing lol
At least gold has a use outside of jewelry.
Comment by lAmShocked at 24/11/2024 at 19:38 UTC
33 upvotes, 1 direct replies
Plenty of people use it for scamming people!
Comment by twohammocks at 24/11/2024 at 21:26 UTC
6 upvotes, 2 direct replies
drug dealers and launderers use it. and russians.
Bitcoin mining is a way for Russia to convert unsold oil and gas, coal into bitcoin cash
'The report reveals that at least 205,000 mining devices have been transported to the Russian Federation out of a total of over 430,000' ' 'Curb criminality. The anonymity of cryptocurrency transactions means that they appeal to criminals and bad actors. Cryptos are used to launder money, fund terrorism and fuel corruption3 — it’s been estimated that up to half of bitcoin transactions could support illegal activities4. Cryptocurrencies might be used to bypass financial sanctions, such as those currently imposed on Russia.' Crypto and digital currencies — nine research priorities '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.' https://academic.oup.com/rfs/article-abstract/32/5/1798/5427781[1]
1: https://academic.oup.com/rfs/article-abstract/32/5/1798/5427781
Comment by MeshuggahEnjoyer at 25/11/2024 at 05:11 UTC
0 upvotes, 0 direct replies
So you think gold is valuable because of it's shininess and electronics uses? Tell me you do
Comment by [deleted] at 24/11/2024 at 22:16 UTC
-10 upvotes, 0 direct replies
You seem truly ignorant on this matter. El Salvador has already made it their legal tender. Many countries such as Bhutan are mining it. Pennsylvania has announced legislation that is expected to pass for strategic reserve. Fl and Tx are going to try and beat them to it. More and more companies are adding it to their treasury reserves. A permissionless decentralized store of value that can't be debased protected by the largest most secure network in human history is insanely valuable. And for 15 years now Bitcoin has outperformed every asset on earth. Nobody cares about a metals utility value. We live in a digital world now. Time to ditch the horse and buggy.