Hacker News new | ask | show | jobs
by SilasX 3152 days ago
I'm more interested in your dismissal of the fact that it can be used to do illegal activity. Do you plan to go the rest of your life without ever breaking a law? And as a sibling poster noted, there can be financial chokeholds even on activities that they didn't bother to make illegal, like donating to Wikileaks.

(I don't think you responded to the point that Wikileaks is a non-illegal use case for BTC.)

1 comments

> (I don't think you responded to the point that Wikileaks is a non-illegal use case for BTC.)

Ok, you're right: Transferring money to unsavory-but-legal groups is a use-case for bitcoin. You could also mail a check.

I'm still not convinced that makes it a promising technology with a bright future, but I've certainly been wrong before.

>Ok, you're right: Transferring money to unsavory-but-legal groups is a use-case for bitcoin. You could also mail a check.

That’s vulnerable to the same financial blockade techniques as for credit cards and forces you to put your name on the donation. (Not to say bitcoin guarantees anonymity but it’s not immediately detectable.)