this post was submitted on 01 Feb 2025
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I don't understand how bitcoin has value. I know the dollar has no intrinsic value either; we just all agree it does. But the difference between the dollar and bitcoin is that if you decide to stop trading using the dollar, you become a terrorist and get a free hellfire delivery. If you stop trading using the bitcoin, no one cares. How did this whole bitcoin to value begin? How does a brand new currency start without the backing of a state? Why does it keep having value? It's interesting af.
drugs. the answer is drugs.
More specifically it's international crime organizations using it as an alternative to moving cash across borders
ohhhHHHHhhhhh! The criminal organizations are the ones propping that up. Use bitcoin or get cartelled?