not only do cryptocurrencies lose value over time and are not practical for law-abiding citizens they are also primarily used to fund illegal activities and terrorist groups, such as Al Queda Feds seize millions of dollars in cryptocurrency raised by major terrorist groups https://www.usatoday.com/story/news...terrorist-financing-investigation/3363048001/
The mysterious creator of Bitcoin, widely known as Satoshi Nakamoto, remains the major holder of bitcoins. The number of bitcoins that Nakamoto owns today is estimated at around 1.1 million, based on the early mining that he did. This is the equivalent of almost $8 billion at today’s exchange rate. Reports suggest that Nakamoto has never touched most of his bitcoins, and neither converted them into real-world currencies nor used them for any other purpose. If he were to sell his entire holdings, the value of Bitcoin could take a nosedive in an instant. https://cryptominersolutions.org/blog/2019/04/13/richest-bitcoin-owners/
today, 2 days before the labor day w/e, the stock market plummeted, ~ in the 4-5% range. meanwhile, Bitcoin dropped ~ 6.8%. so much for the convenient claim that Bitcoin holds value and serves as a hedge against currency and the volatility of the stock market
I remember back when I bought drugs off Silk Road like 8 years ago, it was under $20 I think. Good times. I thought I was an 1337 hax0r using TOR and bitcoins lol.
Satoshi Nakamoto’s Bitcoin White Paper: A 12-Year Old Summary of Robust Unstructured Simplicity https://news.bitcoin.com/satoshi-na...ld-summary-of-robust-unstructured-simplicity/
Nice return : US Seizes Previously Undetected Silk Road Bitcoins Worth Over $1 Billion https://news.bitcoin.com/us-seizes-undetected-silk-road-bitcoins-billion/
