Quote:
Originally Posted by Jason00S2000
What exactly is bitcoin good for? Like what other than storing imaginary wealth?
Gotta laugh that I am so poor because when I first heard about bitcoin I thought it was a scam... all these years later now it is worth 100k! Insane!!! I knew a guy who had like 2000+ bitcoins from / for buying and selling drugs online, I think he od'ed in like 2016...
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Good question. One of the advantages of Bitcoin:
No Government Control:
Unlike traditional currencies issued by central banks, Bitcoin is a decentralized cryptocurrency, meaning no single entity controls it.
I think that organized crime, criminal syndicates would use bitcoin for their line of work because no government can control bitcoin.
There is no financial audit trial of these types of cryptocurrency transactions.
Dirty deeds of criminals cannot be tracked using bitcoin.
I could see organized crime use bitcoin for money laundering. Do they need the services of people with "special skills"? An assassin? Pay the hitman with bitcoin.
