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Topic	Someone explain cryptocurrency to me.
MannerSaurus 12/29/17 1:49:53 PM #8:	JOExHIGASHI posted... 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 OK, but say a drug lord gets the bitcoin for his drugs. Does he then sell the bitcoin for real money? And if you can't do that, it becomes useless, even in the black market? Because if you can't buy a mansion or Lamborghini or a yacht with a bitcoin, isn't that the entire reason behind being a drug lord? To make money? --- Ever since the day you left, my path's been set unknown... How many years to walk this path alone? So why'd you close your eyes... why can't I shut mine? <cite>MannerSaurus posted [p:893071557] in Someone ex... [t:76148458]...</cite> <quote><cite>JOExHIGASHI posted...</cite> <quote>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</quote> OK, but say a drug lord gets the bitcoin for his drugs. Does he then sell the bitcoin for real money? And if you can't do that, it becomes useless, even in the black market? Because if you can't buy a mansion or Lamborghini or a yacht with a bitcoin, isn't that the entire reason behind being a drug lord? To make money? --- Ever since the day you left, my path's been set unknown... How many years to walk this path alone? So why'd you close your eyes... why can't I shut mine?</quote> ... Copied to Clipboard!
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