> ...yet creates absolutely zero actual value.
It's only the first uncensorable / decentralized kind of money, nah must be nothing.
It's only the first uncensorable / decentralized kind of money, nah must be nothing.
Censorship doesn't necessarily mean the thing being censored is deterministically "bad" or "evil".
Bitcoin is above morality, morality is a human construct, Bitcoin is math and computer science, by definition it cannot have morality.
Now, you might or might not agree that Bitcoin should be allowed to exist given it facilitates activities such as the one you linked.
But since it's uncensorable in the first place... you cannot outlaw it.
Pandora's box is open, and it cannot be closed once it is open (unless you break Bitcoin's cryptography).
Uncensorability /is/ valuable, to the people that don't want to be censored, and want to exchange money without asking anyone permission, whether that's a drug dealer, or an unbanked worker in Venezuela.
They'll catch up eventually. See how some politicians are already starting to call on mining bans.
They can easily fully ban it and enforce it. Let's say, put mining on the same level as growing weed or making heroin.
Your super first kind of decentralized money is now fucked.