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by atweiden 1924 days ago
> In service of the BTC network, which has what utility?

The safest safe haven asset. A global currency of fixed supply controlled by computer algorithms.

> There are quite a number of criminal or at least grey market uses for BTC.

Criminals the world over prefer cash. Should we ban cash?

> But what are the legitimate uses that are not as well or better served by the traditional payment networks?

A programmable, internet-native inflation-proof store of value with transparent fully-auditable supply metrics. Or to quote Elon Musk, “simply a less dumb form of liquidity than cash”.