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Re:Bitcoin Miners Are Giving New Life to Old Fossil-Fuel Pow... by aaomidi on Saturday May 22, 2021 @03:02PM (#27249334)
And Legalize drugs so crypto market dies off.
Re:Bitcoin Miners Are Giving New Life to Old Fossil-Fuel Pow... by verdverm on Saturday May 22, 2021 @03:05PM (#27249358)
Drugs are not the primary use case any more (if ever), time to move beyond that talking point to something credible.

There are other good reasons to legalize drugs

Re:Bitcoin Miners Are Giving New Life to Old Fossil-Fuel Pow... by parineum on Saturday May 22, 2021 @03:08PM (#27249405)
Aside from pure speculation, which is fine by me, I really don't know what else they're used for significantly.

What goods or services are regularly purchased in crypto?

Re:Bitcoin Miners Are Giving New Life to Old Fossil-Fuel Pow... by cyphertruck on Saturday May 22, 2021 @03:19PM (#27249507)
Bitcoin was as created to resist censorship— hence Wikileaks was able to raise money after visa et al banned them. It was created to resist debasement- as a result it maintains its value as inflation ramps up.

Thus you would actually not want to buy things with bitcoin, and instead spend rapidly depreciating USD.

Re:Bitcoin Miners Are Giving New Life to Old Fossil-Fuel Pow... by parineum on Saturday May 22, 2021 @03:57PM (#27249783)
That didn't answer my question at all.
Re:Bitcoin Miners Are Giving New Life to Old Fossil-Fuel Pow... by hannob on Saturday May 22, 2021 @03:16PM (#27249483)
Ransomware is the other big area where bitcoin is used for payment.
Re:Bitcoin Miners Are Giving New Life to Old Fossil-Fuel Pow... by verdverm on Saturday May 22, 2021 @03:58PM (#27249787)
This I suspect is a large(st) use case, also NK (others?) may be using it to circumvent sanctions.
Re:Bitcoin Miners Are Giving New Life to Old Fossil-Fuel Pow... by nooron on Saturday May 22, 2021 @06:51PM (#27250955)
Bitcoin is a tool for turning coal into evading CCP capital controls and financial repression, with the externalities of pollution and emboldening libertarians
Re:Bitcoin Miners Are Giving New Life to Old Fossil-Fuel Pow... by aaomidi on Saturday May 22, 2021 @04:53PM (#27250168)
The main crypto to goods and services market is drugs.

Everything else is a consequence of the value that family of transactions have added.

Re:Bitcoin Miners Are Giving New Life to Old Fossil-Fuel Pow... by louthy on Saturday May 22, 2021 @03:07PM (#27249393)
> Drugs are not the primary use case any more (if ever), time to move beyond that talking point to something credible

If you’re willing to dismiss the argument so vehemently, then it would also be good to follow up with a justification for your dismissal.