LogFAQs > #893071323

LurkerFAQs, Active DB, DB1, Database 2 ( 09.16.2017-02.21.2018 ), DB3, DB4, DB5, DB6, DB7, DB8, DB9, DB10, DB11, DB12, Clear
Topic List
Page List: 1
TopicSomeone explain cryptocurrency to me.
JOExHIGASHI
12/29/17 1:45:32 PM
#6:


It's a digital thing that can be exchanged for goods and services. Like WoW gold except much harder to obtain.

The point of it is that it is hard to trace to the only goods and services people bother using it for is drugs, guns, assassination, etc. You might as well use regular money if you're doing something legal. I'm guessing your friends aren't scum so are only in it for the money

It's already only used for black market currency. You can't pay your taxes with it so in the end of the day you're going to need to convert it to normal money eventually. There are some businesses that accept it but you're better off with normal money right now. So if they ban any legitimate exchanges of it for goods and services it doesn't matter much since it isn't primarily used for that currently
---
Puzzle and Dragons: 338 705 421
... Copied to Clipboard!
Topic List
Page List: 1