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0 sats \ 3 replies \ @028559d218 27 Oct freebie \ parent \ on: The long road to bitcoin payments... bitcoin

Are people even using bitcoin commonly... For black/gray market commerce?

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101 sats \ 2 replies \ @Scoresby 27 Oct

i don't think so. and this is what I find disappointing.

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103 sats \ 1 reply \ @028559d218 27 Oct

As far as I know the most common cryptocurrency for black/gray markets is tether or usdt.

Which is ironic isn't it? Of course the real irony is that the biggest medium of exchange for black/gray markets of any kind is US Dollar cash. No crypto used at all.

Among non-stablecoin crypto maybe XMR is used, but the actual volume and use compared to cash or stablecoins is tiny.

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110 sats \ 0 replies \ @anon 27 Oct

What is funny, is that tether and USDT is the worst for censorship resistance and freedom. Tether brags about the billions of funds they have seized from wallets at the request of government. USDT also relies on clunky insecure flawed or centralized "networks" like ETH or Tron or whatever.

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