Bitconnect founder indicted in global $2.4B cryptocurrency scheme

Re:Bitconnect founder indicted in global $2.4B cryptocurrenc... by tenuousemphasis on Saturday February 26, 2022 @11:20PM (#30485376)

Those are the exchanges I mentioned. But no, if it's widely enough used, it can be an entirely self contained system.

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Re:Bitconnect founder indicted in global $2.4B cryptocurrenc... by jonathankoren on Tuesday March 01, 2022 @03:23PM (#30519463)

But it’s not widely used, that’s the whole problem.

Say you created a business accepting exclusively cryptocurrencies. You need to ship an item? You need “dirty fiat”. Let’s say you’re only selling NFTs or services, your hosting provider wants paid in real currency. Food? Housing? Utilities? Fiat. Fiat. Fiat.

Unless it’s accepted for the entire supply chain of LIFE, you’re screwed.

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