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Re:Lebanese turn to cryptocurrency as economy tanks by bitxbitxbitcoin on Thursday March 31, 2022 @12:26PM (#30869060)
Bitcoin being used as an extralegal way to acquire anything isn’t an irony necessarily, just a part of functioning money.
Re:Lebanese turn to cryptocurrency as economy tanks by hiq on Thursday March 31, 2022 @01:55PM (#30870268)
The article mentions USDT (the stable non-local fiat) though, not Bitcoin. The article doesn't say whether people are interested in BTC for anything but mining.
Re:Lebanese turn to cryptocurrency as economy tanks by bitxbitxbitcoin on Thursday March 31, 2022 @04:36PM (#30871925)
I am aware. I was responding to the comment emphasizing how using BTC (via mining or not) to get USDT is a known/anticipated use of Bitcoin and highlights Bitcoin performing at least one of money’s functions.
Re:Lebanese turn to cryptocurrency as economy tanks by woodruffw on Thursday March 31, 2022 @12:30PM (#30869124)
The "irony" mentioned is that it isn't serving any of its myriad purported goals: it isn't a functional store of value and it isn't itself a mechanism of exchange or liquidity. Extralegality is merely a circumstantial property.
Re:Lebanese turn to cryptocurrency as economy tanks by everfree on Thursday March 31, 2022 @12:39PM (#30869273)
Bitcoin is a tool that can be used to enable something. If I want to get value out of a hammer, I don't care whether that value comes from me using it directly or indirectly, and I don't care whether the useful properties of my hammer are intentionally designed or are circumstantial.