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by lmilcin
1788 days ago
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(disclaimer, I don't know shit about bitcoin) The one problem with this is trust. Even shady enterprises need tools to do business they can trust, and if all funds they have suddenly devalue by orders of magnitude they will loose trust. Another way a shady enterprise can loose trust is if everybody stops using bitcoin and everybody knows whatever is left is a shady business. It is like going around with a big bag of $100 banknotes marked "STOLEN". There is only so much utility from bitcoin for shady enterprises if they are restricted to only exchange funds between themselves but being unable to convert to real money. They would also have to mine bitcoin on their own. |
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