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 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.