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by GreenHeuristics 1954 days ago
The story is literally about Tesla buying 1.5B usd worth of it. Sure Elon has some interests in the direction but I doubt Tesla is going to use the bought Bitcoin for drugs.
1 comments

Ok, so besides Teslas investment of 1.5B USD, what do you think bitcoin is used for?
> what do you think bitcoin is used for?

Storing value. Smart ass answer, I know. But it's true.

As a private currency, Bitcoin is like a screen door. So I don't know why you'd use it for illegal activities.

Ok good point but I was thinking of daily use. Storing value is not daily use, it's just laying there.

Just look at the stories of darkweb markets they take down. Thousands of sellers, catering to tens or hundreds of thousands of buyers.

There is no other market anywhere in the world using cryptocurrency to that extent.

Don't forget ransomware, crypto's killer app.