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216 sats \ 0 replies \ @0260378aef 17 Jul 2022 \ on: Ask SN: How to use Bitcoin if it gets banned bitcoin
These uses of Bitcoin are the ones that really matter; without them Bitcoin wouldn't really have gained any value in the market.
The first meaningful economic usage of Bitcoin was to send donations to Wikileaks when credit card processors blocked them. This was something like Dec 2010 iirc. Silk Road started shortly after if I have my timeline right.
Today someone trying to get capital out of places like China might well end up using Bitcoin (usually mixing in Tether and stuff like that; everything apart from Bitcoin might be more convenient but also more dangerous, because nothing has the same censorship resistance). That's just a vague example, there are others of a similar flavor.
Eh?