521–530 of 732 posts
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An empty bitcoin block and a full bitcoin block use the same amount of energy Use and El Salvador’s use has no influence on that The hyperbole only marginalizes yourself
This argument is deeply flawed for an obvious reason. E.g. why do you vote if your vote is only one of a hundred million?
I said how it works
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This weird meme that Bitcoin is so beneficial to criminal activity (especially in comparison with physical cash)... I don't know where it started, but I wish its completely bad-faith nature would die. Sure, the Silk Road started, but the feds have wised up on how to trace Bitcoin since then - it's fairly straight-forward given the public-nature of the blockchain.
You must be joking? There is a trivial way to hide the traces by using mixers. Why do you think ransomware and black markets today exclusively run crypto not fiat?
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That won't be the case forever, as the market cap gets larger and larger, the fluctuations get much smaller. I mean fiat currency and gold's value still fluctuate on a day to day basis, nothing is set in stone.
fiat currency does not drop 50% in one month and is not at the mercy of other countries. If US forbids all banks to execute trades in BTC like China did, BTC is dead.
Instead USD drops by ~95% over a 100 year period[1].
1: https://www.statista.com/statistics/1032048/value-us-dollar-...
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You must be joking? There is a trivial way to hide the traces by using mixers. Why do you think ransomware and black markets today exclusively run crypto not fiat?
Most criminals use cash. USD to be exact.
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You must be joking? There is a trivial way to hide the traces by using mixers. Why do you think ransomware and black markets today exclusively run crypto not fiat?
Most criminals use cash. USD to be exact.
Amazingly shortsighted. The primary beneficiaries of this will be organised crime, who will now be able to wash the Bitcoin via El Salvador to convert it to dollars, which they can use to buy trade items and export the profits. The number one export of El Salvador is actually people. If they were concerned about remittance fees they could just set up a bank in the US with low fees, instead of getting kickbacks from O…
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I found this to be a good read: https://en.m.wikipedia.org/wiki/2021_Salvadoran_political_cr...
To add color to the source you shared, no where in the article (or in my research) does anyone claim that what the majority elected Salvadoran government did here was illegal, only that their opposition didn’t like it and so called it a ‘coup’. Based on my understanding the elected government was well within it’s rights to replace these judges under the constitution of the country. Also to echo the sister comment her…
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This weird meme that Bitcoin is so beneficial to criminal activity (especially in comparison with physical cash)... I don't know where it started, but I wish its completely bad-faith nature would die. Sure, the Silk Road started, but the feds have wised up on how to trace Bitcoin since then - it's fairly straight-forward given the public-nature of the blockchain.
You must be joking? There is a trivial way to hide the traces by using mixers. Why do you think ransomware and black markets today exclusively run crypto not fiat?
I assume it has to do with using a transparent open ledger...
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This argument is deeply flawed for an obvious reason. E.g. why do you vote if your vote is only one of a hundred million?
It wasn’t an argument I said how it works