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by yanmaani
1579 days ago
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It's certainly a thing for the payment rail - Bitcoin qua payment rail is entirely irreversible. So as a category in the real world, it is trivially a thing. Whether such storage exists is a much better question. I think it depends on what you want to do with it. For example, if the Bitfinex guys were ideologically motivated, they could've spent all the money on, I don't know, political ads or whatever. More generally, I think you can certainly come up with storage that is outside the reach of a given threat actor in pursuit of a given goal. |
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I'm not saying bitcoin isn't a thing in the world; I was saying that I don't think that makes it "beyond the legal-regulatory system", or that that is really even a helpful/useful concept. I mean we can talk about various shadow economies, but they are just that - and not really in scope for OP article.