Bitcoin is 15 years old.
To put that in perspective:
The web started in 1991. 15 years later, in 2006, we had youtube, twitter, amazon, ebay - the world was unrecognisable.
What have we got in that timeframe from #blockchain? Ashes.
"A thriving market for magic beans doesn't make the magic beanstalk real." - lib.rs
@noboilerplate well, it seems to be a very nice tool for criminals and industrials to launder money. but besides of that ?
@tomtrottel @noboilerplate BTC not really, it's an open ledger, so without somebody that washes your dirty money (“mixes money from different sources forward transfers it”), it's rather trivial for law enforcement to see what happened with the coins.
@yacc143 if that is so, besides of bitcoin value speculations, there is no real use ? or is anyone using smart contracts / authentification with btc or similar in any larger context ?
@tomtrottel There are uses for BTC, e.g. AFAIK there are still mixers for it, and while the west has regulated in most countries exchange BTC⇄money strictly, other countries aren't as strict yet.
But yes, BTC is more of a speculation object, and that's how it's treated in many countries tax wise.
OTOH there are coins especially designed to be not trackable via a public ledger, and if you are clever, BTC might be a useful step to hide your exchange into these in/out.
@tomtrottel BTC has only one big benefit, you can buy/sell it and if you do it in small enough amounts, it will not trigger a SWAT team at your home address.
And what you do with it after you've moved it to a new private anonymous wallet, …
But all this involves quite a bit of forethought, …
It's not like "wire me anonymously my illegal money and nobody will find me" by default.
@yacc143 well of course. so, if you put in the effort, it is a tool for money laundry, you just have to split it, and be smart about it. hmm.