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this post was submitted on 11 Apr 2026
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Bitcoin uses a public ledger making it a terrible choice for crimes. While not everyone wants to directly accept bitcoin there are exchanges throughout the world happy to exchange it for local currency. Bitcoin is not backed by violence like state currencies. It takes time for a new form of value to gain widespread acceptance.
Gold was used as a currency for thousands of years but you can’t use it at a local grocery store either.
Bitcoin’s value is backed by math and computers and that is somehow worse than the energy and violence used by governments?
The public ledger is irrelevant. I don’t need any credentials to sign up for 1 or 1k accounts. Yes it can be tracked, but someone with a modicum of skill could make it extremely difficult.
Backed by, no, used by, absolutely.
That is largely irrelevant. Like crypto, I can’t take it to the grocery store. It no longer functions as a currency. That is cool, but don’t conflate it.
My dude, don’t pretend computing and math are magic. We are breaking some fucking hashes. Your perception of value of a broken hash doesn’t translate into actual utility.
Please pass me a dose of your soma.
You are arguing in favor of government control of money and arguing I’m high? Ok buddy. Sure thing.