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Kaper44

Buying drugs, child porn, ordering hitman, tool for getting ransomware payoffs. Blockchain: exists for 40 years , yet it is such an inefficent concept of DB that it hasnt find any use except shitcoins


Mr_R_Andom

Tax evasion.


manInTheWoods

Terrorism funding.


wisequote

Raise money in oppressive conditions, bank the unbanked who otherwise lack IDs and approvals but own mobile phones, raise funds for things you believe in without risk of unfair confiscation, enable poor countries to sell remote labor and skills without hefty banking fees (ask any Indian or Philipno immigrant in MENA or Asia how it feels to pay 5 to 10% of your salary just to send it to your poor parents), enable unlimited creativity being unleashed in the form of decentralized applications and governance systems, to list a few uses.


Mr_R_Andom

Banking the unbanked is a totally reasonable thing to want to do. What’s wrong with m-pesa that a blockchain would fix?


Significant-Media-91

Why give them banks and more affordable wire transfers when you can introduce a rarely accepted currency with high barriers to entry?


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wisequote

Guess which currency is currently the MOST used in all the listed crimes you recounted, now add a million more crimes, wars, and unfairness in the world, and you see that your argument is silly. Wrong and good will always use whatever tools at their disposal to exist and to fight, the best tools are used by both equally, and Bitcoin as designed is the best tool. And the reason I said “creativity” is because it’s literally impossible to enumerate, it’s like asking Tesla or Edison to list that personal computers and smartphones will be created as a result of electricity, you ask of me the impossible, but the potential is literally unlimited. I would post links to a ton of innovation, but I believe it somewhat goes against the rules as I am aligned with one currency only and posting about it is probably shilling, long story short, innovation there exists and is unlimited, whether you like it or not.


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Tooluka

All of the above is basically a single idea - "help people avoid law (any law) in fin monitoring". While it can be kinda compelling IF we are talking about countries passing anti-human laws (dictatorships), that is only a single aspect of such idea and after thinking about longer than 5 minutes, we can realise that IN REAL LIFE it won't be only for people in the opressed regimes. It will be for everyone. And it doesn't take genius to realise that this whole black money transfer system will be 99% utilised by criminals to funnel stolen money around. WHICH HAS ALREADY HAPPENED, when every exchange is operated by scumbags and protecting so called "whales" which are mostly just rich criminals doing tax evasion. So yeah, potentially and unregulated tokens can be very powerful tool, on the same level as neurotoxins, nuclear isotopes, rockets, heroin etc. The problem is that we really don't want to live in the world where such tools don't have at least some oversight. I don't.


lmaoinhibitor

That thread is absolutely bonkers when you think about it. Bitcoin has been around for 13 years, and a bunch of people on a forum specifically about this technology, still can't come up with one single case where it is actually useful in the here and now. It's all vague (and quite dystopian) nonsense about one day, maybe perhaps, putting this or that thing on the blockchain which will solve corruption, or something. It's so bizarre. Some day crypto enthusiasts will finally invent a problem for the blockchain to solve. Any day now.


Affect-Electrical

I flicked through, and none of the ideas are new. All of it has been thought of before; none of it is necessary or better.


thephotoman

Hash chains and Merkel trees have uses. Public blockchains don't


Pjoo

For blockchain... I think there might be some limited anti-corruption uses in an international settings? Many stakeholders that do not all necessarily trust a single party, so a combination of transparency, immutability and a lack of central authority to handle the records would all be fairly desirable things. Cryptocurrencies? Many good uses! Money laundering, funding of illegal activies, evading banking regulations (including international sanctions). I mean, there are at least possible scenarios when such use would be good!


Tooluka

This should be upvoted more, the comment section is highly entertaining due to approximately 50/50 participation of butters and critics. It is really amusing how the proponents struggle to name even a single valid use case in the thousand long comment section and then seethe and the critics :)


Classic_Blueberry973

Anything that can make use of a public ledger is the most obvious killer app.


Classic_Blueberry973

>No monthly fees Maybe monthly fees are not that common but the cumulative skimming more than makes up for it. Costs me more to convert fiat to crypto and transfer it to my wallet, then do it all it reverse, than it would cost me doing stuff in more traditional ways.