Re:Bitcoin revealed: a Ponzi scheme for redistributing wealth
by moe on Friday January 16, 2015 @02:33PM
(#8901104)
doesn't have a strong use aside from buying drugs
And? Even if that was true, I don't see the point.
A large portion of internet traffic, quite likely the majority, is transporting porn or "stolen" movies.
Should we now condemn IP because it's mostly used for such despicable activities?
Re:Bitcoin revealed: a Ponzi scheme for redistributing wealth
by dragonwriter on Friday January 16, 2015 @02:55PM
(#8901254)
> Even if that was true, I don't see the point.
The point is in the paragraph after the one that you quoted a few words from the middle of.
The flaw that is raised isn't that BTC is used to buy drugs, but that it (in the view of those raising the complaint) doesn't have a strong use aside from buying drugs (and, while "drugs" are usually mentioned, the substance of the complaint appears to be more about drugs-as-popular-form-of-contraband rather than drugs-qua-drugs.)
And given the way governments tend to respond to things that (1) are primarily used to facilitate unlawful trade, and (2) become increasingly popular, its a real, if political, risk for the Bitcoin ecosystem.