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0 pointsheterodoxxed5y ago0 comments

| pay merchants of varying degreees of shadiness

Why use BTC instead of an anonymized crypto like Monero?

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Because BTC is what they take. The coordination is more important than the tech. Granted, this is only because I don't patronize the super illegal Go To Jail Go Directly To Jail Do Not Pass Go type of merchants, but the point stands.

If you just need unfreezable funds and pseudonymity, not total cryptographically secured anonymity, you'll use Bitcoin instead of a dozen better methods (which are all crypto anyway, so wouldn't really count as a point against crypto, just BTC) because everyone else is using it.

heterodoxxedOP5y ago

So it's utility is for sketchy (but not too sketchy!) merchants in which a much cheaper wire transfer or free visa/mc payment would be unacceptable, but not illegal because it's a permanent public record of the transaction. Got it.

solveit5y ago

I mean, yes, they exist. And the public record is fine because you just create a new address for every transaction and cash out. Just because phone companies keep a record of who's calling who doesn't mean phones aren't useful for crime. You just use a burner phone in the full knowledge that the police can track you down, but won't because you're small fish doing minor crime.

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solveit5y ago

heterodoxxedOP5y ago

solveit5y ago

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