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by thewataccount
1149 days ago
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> As long as you can't trade real goods and services for crypto coins it is absolutely worthless. As long as you can sell it for USD it's not worthless - you don't other goods/services - although that said the list of those is still growing. The fact that I can send money (liquid fiat) to a friend without going through paypall/zello/etc. is valuable. The only thing that could make it a "scam" is the promise of money, which I 100% agree that using crypto to "make money" is stupid and is a massive problem. |
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You can do that only because Bitcoin is currently underregulated. Governments will eventually regulate it to enforce money laundering laws and starve DPRK, and then Bitcoin will become even more expensive relative to other options.