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.
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.