RmDebArc_5@sh.itjust.works to Technology@lemmy.worldEnglish · 8 months agoBitcoin hits record high as Trump vows to end crypto crackdownarstechnica.comexternal-linkmessage-square67fedilinkarrow-up11arrow-down10
arrow-up11arrow-down1external-linkBitcoin hits record high as Trump vows to end crypto crackdownarstechnica.comRmDebArc_5@sh.itjust.works to Technology@lemmy.worldEnglish · 8 months agomessage-square67fedilink
minus-squareFireRetardant@lemmy.worldlinkfedilinkEnglisharrow-up0·8 months agoIsn’t USD also linked to many of those? Gangs launder physical cash through businesses, ransomware can ask for credit cards or bank accounts, terrorists may take USD as it can be spent nearly anywhere.
minus-squareshortwavesurfer@lemmy.ziplinkfedilinkEnglisharrow-up0·8 months agoOh yes, these kinds of organizations love cash because it’s a bearer asset.
minus-squaretaladar@sh.itjust.workslinkfedilinkEnglisharrow-up0·8 months agoThe difference is that 100% of crypto-currency transactions are stuff like that and only a small percentage of USD transactions.
minus-squareFireRetardant@lemmy.worldlinkfedilinkEnglisharrow-up0·8 months agoDo you have a source for that? I’ve seen local businesses like pizza shops and such accept btc.
minus-squaretaladar@sh.itjust.workslinkfedilinkEnglisharrow-up0·8 months agoAnd by “pizza shops” you mean that one pizza shop that tried it back before BTC got really expensive?
minus-squareFireRetardant@lemmy.worldlinkfedilinkEnglisharrow-up0·8 months agoI’m pretty sure they just charge the local currency equivalent in BTC at the time of purchase.
Isn’t USD also linked to many of those? Gangs launder physical cash through businesses, ransomware can ask for credit cards or bank accounts, terrorists may take USD as it can be spent nearly anywhere.
Oh yes, these kinds of organizations love cash because it’s a bearer asset.
The difference is that 100% of crypto-currency transactions are stuff like that and only a small percentage of USD transactions.
Do you have a source for that? I’ve seen local businesses like pizza shops and such accept btc.
And by “pizza shops” you mean that one pizza shop that tried it back before BTC got really expensive?
I’m pretty sure they just charge the local currency equivalent in BTC at the time of purchase.