Buying and selling illicit products on the internet.

Or in-person. Any criminal transactions, really (drugs, weapons, people, etc.)

> Where cash is still a better alternative.

I suspect not too many drug dealers or gun runners want to wait around 20 mins staring at their phone (with a traceable internet connection) for 2 confirmations before declaring the deal "done"...

I've read that it's done more like escrow. The buyer creates a new wallet, the seller verifies the amount in the wallet, and then the buyer hands over the keys when the merchandise is transferred.

That's smart.

The seller still needs to make sure the buyer can't get a transaction transferring the coins back into a wallet under their control confirmed before the seller can move them out.

(I'm now vaguely curious about how the financial transactions on shipping container sized sales of guns/drugs work. But I'm not about to Google _that_...)

Programmable money is not a thing to show?

so far its overwhelming use case has been selling people questionable ICO tokens, so you'll excuse me if I'm not convinced by the observable outputs

Interstellar BBS log