Earlier quoted context omitted.
Indeed using Bitcoin for payment does not seem a good fit. However, Bitcoin could be viewed as the world reserve currency that is impossible to debase. This can give stability to all other currencies that are based on it. I think that would be a good thing. It would reduce governments' ability to deficit spend, thus reduce the likelihood of financing armies that can be used for aggression... It would not eliminate wa…
> I hold that Bitcoin is not the cause of the scams. I wish I could agree, as someone who remains eternally hopeful for crypto. Unfortunately, it's almost certainly not the case. When half a billion dollars goes missing from the US banking system, we can follow the paper trail every time. Criminals never cash out at that scale, especially when they wire money digitally. There's always an account to find, a wire trans…
Of course not; that's what hole-in-the-wall restaurants that inexplicably stay in business despite having next to zero customers are for ;)