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3 sats \ 2 replies \ @xanny 24 Mar 2023 \ parent \ on: Jack Dorsey Loses $526 Million Net Worth Hours After Hindenburg Report bitcoin
Reading through the actual PDF's bullet points now.
Some of this stuff is bad, but a lot of it just sounds like the exact same type of FUD bitcoin used to get from the MSM (and often still does).
"It's bad because rappers reference using it to sell drugs!"
The same can very easily be said for bitcoin... just one example:
https://invidious.kavin.rocks/watch?v=K9_swvDGOuI
"It's used for illicit activity!"
So is cash and bitcoin. #FreeRoss
"It's used for sex work!"
To state the obvious, sex trafficking is very bad, but the adult industry as a whole is probably the most unbanked. Remember when OnlyFans almost had to shut down because of the banks and credit card companies?
Of course they'll use a convenient app if conventional banks don't want to do business with them.
Bitcoin, of course, also fixes this.
The same theme seems to apply to many of the criticisms laid out.
Some are valid, but most just seem overblown in the exact same MSM-style hysteric fashion anti-bitcoin reports are.
its about morality...
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What's immoral about consuming substances unapproved by the state? Or selling sex for that matter, provided no one is being coerced? I see nothing immoral here.
If the simple fact a method of exchange can be used for actual bad things (e.g. paying a hitman) makes the method of exchange itself immoral, you should probably sell your bitcoin.
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