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A comment on “We already store data. In a database. It works well”. Parent comment

Re:“We already store data. In a database. It works well” by blaser-waffle on Tuesday February 11, 2020 @08:59AM (#22298478)
Only if you're speculating on currency.

Some people use BTC to pay for VPNs, drugs, or simply to get cash out of their country. There was a lot of speculation that the big spike in BTC a few years back was the Saudi royalty trying to move cash out before MBS cracked down on them.

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Re:“We already store data. In a database. It works well” by spookthesunset on Tuesday February 11, 2020 @12:02PM (#22300030)
99% of Crypto is speculation. 0.5% is darknet markets, 0.25% is crypto ransomware, 0.1% is Saudi princes and rich people moving money out of a country. Somewhere in the remaining fraction of a percentage is legit legal usage.
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Re:“We already store data. In a database. It works well” by arcticbull on Wednesday February 12, 2020 @11:51AM (#22310382)
There are much better ways to move money out of a country than one with locked-down fiat gateways in every first-world country with a fully public ledger. It may for a few thousand dollars but when you're talking Saudi prince money there's much better ways. It's not even good for that lol.
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