[misiti3780]

neither of them are sane. BTC is useless, unless your trying to buy child porn, buy illicit drugs on the internet, or someone who bought it before the value exploded. eventually, the world will come around and it will go to zero, if quantum doesnt kill it first. im looking forward to that day.

[vovavili]

>BTC is useless, unless your trying to buy child porn, buy illicit drugs on the internet

The market has long shifted to "buy Litecoin with cash, swap it to Monero" for these kinds of activities.

[misiti3780]

i know exactly zero people using any of these markets, and 99% of the other people here can probably say the same.

[jimnotgym]

USD is useless unless you want to buy something with it. You can't eat it, it has little fuel value...

...it is also propped up in value by a frankly insane demand for it from other countries...on its fundamentals it would be worth much less

[misiti3780]

what is your point?

[throw310822]

BTC's use is being bought and sold. So it's not useless. If I offer you one BTC for $30k, will you buy it?

[tcp_handshaker]

If I offer you a tulip for $25,000 would you buy it?

[throw310822]

Sure, if there were a stable enough market in which I can fetch twice that amount for that tulip, I'd buy it in a heartbeat. Wouldn't you?

The point being: BTC is a an abstract good, of no practical use except that of being transacted. Has whatever value the people are willing to pay for it, and has had a value in the tens of thousands for long enough that buying one with the intent of keeping it for a while is not such a stupid idea. I don't currently own any but there is a price at which I would buy one, and that price is many thousands of dollars... For an alphanumeric code in a distributed ledger.

[tcp_handshaker]

Being transacted is the least usable thing for BTC. He you tried to transact on it? Its so slow its funny people claim it a use case for it... I know of only one use case, and its to anonymously bribe politicians who have their own coins.

[throw310822]

I didn't say it's used to buy things. I said it's bought and sold.

[petesergeant]

If I think the resale price will stay at $30k long enough for me to flip it, then obviously yes?

[misiti3780]

sure, because you'd be offering me an idiotic arbitrage. your sentence doesnt prove it's useful.

[ozgrakkurt]

It is not useless, it is incredibly arrogant to think it is useless at this point. You can do a 10 minute research and see how useful it is

[Slartie]

True, it's very useful for scammers, grifters, international terrorists and authoritarian governments to funnel monetary value around without having to rely on the traditional financial system where they may be blocked and their money confiscated.

[ozgrakkurt]

It costs 150 usd to send 5k usd between two countries I live in.

It costs the same amount of money to literally go there by plane and bring it as cash. This is not fair obviously. So traditional finance is a scam itself.

It takes 10 seconds and no fees to make the same transfer via blockchain.

I am pretty sure you know basically nothing about those crimes or the people that do crimes or how they actually transfer money. Just doing casual newspaper intellectualism while talking about things you never interacted with

[misiti3780]

what percentage of BTC transactions do you think are being used for international cash transfer in 2026 ?

[tasuki]

> funnel monetary value around without having to rely on the traditional financial system where they may be blocked and their money confiscated.

Yes. Unfortunately the traditional financial system is governed by a country which has been behaving increasingly erratically, threatening its long-term allies with invasions and committing obvious war crimes. This is not a "good guys vs bad guys" scenario.