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"In theory, almost anything could potentially be used to make a payment to another person. You know, cigarettes are used in prisons as a way of making payments …,” said Bollen on Wednesday. “If the product is promoted as having this as one of its primary uses, and you see that in the marketing … that’s where we’re getting closer to financial product territory. I don’t really have a bright line test for you.”
Roger Ver in his recent interview uses the cigarette for money metaphor and here we have it again.
Australian economics.
Still it's difficult for Fiat minded controllers to understand that banned items will always be used for money because they are hard to find.
Liquidity on the other hand as freedom of speech is better when it, like water, is naturally scarce and ubiquitous at the same time. It takes energy to pipe it around and that energy is voluntary and need not be outlawed because it's good. Bitcoin is the same. The majority of service involved in Bitcoin is voluntary and with joy it is used for money.
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