More shadowboxing backing up a boring take

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Edit because max comment depth reached:

because you’re still trying to “win” a debate

Okay, the irony of this one actually made me snort audibly.

your ego will force you to come here

snort

I don’t think I’ve ever seen anyone put so much effort into shadowboxing to defend such a boring take.

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I’ll add it to the pile along with how I’m murdering Gazan babies and burning the planet.

if you use Bitcoin as a “store of value”, you’re indirectly supporting drug cartels

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if you use Bitcoin as a “store of value”, you’re indirectly supporting drug cartels

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No, they trade it for money?

Uhhh… you’re lost. Let me help you out.

Me:

To be clear, I use Bitcoin for legal transactions (not exchanges) somewhat regularly. Would actually be extremely cumbersome to send boosts using gold, funny enough. Probably why people don’t do it.

You:

To purchase what, exactly? Or to buy and sell Bitcoin?

So I said I use Bitcoin for legal transactions, gave you and example, and you asked if I used it to buy and sell Bitcoin… Damn, you really are illiterate.

Apparently so, please, do tell me what that thing is that is worth TRILLIONS, or even just billions?

Moving goalposts. Yawn.

but can’t address me having sourced that black markets are worth TRILLIONS from a creditable source like Europol

Again, I did. You’re illiterate.

your weird delusions

Again, such as?

“No, it’s not mainly used for the drug markets worth trillions that you’ve proved by Data from Europol”

I never said that. Stop making things up.

it isn’t even relevant

It isn’t relevant to the claim which is: “Bitcoin is bad so creator is ashamed.”

To recap, your argument there is: “Holding Bitcoin indirectly funds crime” – such a boring take. I’ll add it to the pile along with how I’m murdering Gazan babies and burning the planet 🥱.

“What does it mean to be a currency trader”

It’s just amazing how stupid you have to pretend to be in order to keep up this delusion.

You think currency traders… take Bitcoin… and trade it for… Bitcoin…? Why would they do that?

And you don’t think this qualifies?

No more so than this:

But you’re gonna sit there and pretend that isn’t exponential but that gold is?

I didn’t say that. Now you’re literally just making things up.

This is just ridiculous how you’re having to do all this because you can’t name a single thing you can buy with bitcoin that isn’t illegal

Except I did. Are you illiterate?

Despite me proving all my claims

You haven’t done that.

showing literally no support for your delusional brainfarts

Such as?

TRILLIONS, remember? TRILLIONS. Funny how you haven’t addressed that a single time, isn’t it?

I have actually, just more illiteracy on your part. Maybe try going back and sounding it all out?

Not like Bitcoin, no.

So yes, you do need to exchange gold into another currency before you can use it for most transactions.

To purchase what, exactly? Or to buy and sell Bitcoin? Because unless you’re illiterate, you should understand that was excluded.

Try reading again, I just told you. Also how would you buy and sell Bitcoin using Bitcoin… what do you even think that means…?

Ps edit funny how you don’t contravene the definition of “exponential” now that we checked it, isn’t it?

Given how obsessed you are with being right, I’m surprised you want to just admit to being wrong:

But the value of gold hasn’t increased exponentially

So either you picked a colloquial definition that makes you wrong about gold, or you’re wrong about it being literally exponential. Which one is it?

“of an increase) becoming more and more rapid”

Interesting:

but you can use it as currency

for

Literally anything

So I can roll up to the McDonalds drive-thru, ask for a quarter-pounder, and they’ll accept a chunk of gold as payment?

Or do I need to exchange it first?

despite you not having a single use for that currency

To be clear, I use Bitcoin for legal transactions (not exchanges) somewhat regularly. Would actually be extremely cumbersome to send boosts using gold, funny enough. Probably why people don’t do it.

But the value of gold hasn’t increased exponentially, unlike Bitcoin.

The value of Bitcoin has not increased exponentially. You should look up that word.

Literally anything.

I can roll up to the McDonalds drive-thru, ask for a quarter-pounder, and they’ll accept a chunk of gold as payment?

because the money represents gold

In what way? I’m assuming you’re talking about the US – you do know that the gold-standard hasn’t been used for decades there, right?

let alone actually being backed up by anything physical.

There is a fixed supply of Bitcoin. Being able to hold it in your hand or not is completely irrelevant.

it’s remained equally rare

Just like Bitcoin.

WHAT ELSE DO YOU PURCHASE WITH BITCOIN THAN ILLEGAL THINGS?

What do you purchase with chunks of gold?

Yeah but the value increasing comes because of the rarity.

Exactly like gold. And how many transactions are people doing with gold? What kinds are they?

Meme coins come and go, because they’re unreliable. They’re unreliable, because there’s nothing actually backing them up, much like fiat currency.

Correct. That is true about meme coins.

However, gold has. Because gold is naturally rare.

As does Bitcoin. Maybe you just didn’t know that. There is and can only ever be a fixed amount of Bitcoin. You might even be able to eventually travel to other planets and discover more gold there, but you can never discover more Bitcoin.

I can and have shown you data from which you can infer that during this discussion of ours, tens of thousands of illegal transactions have taken place using Bitcoin

Tens of thousands out of roughly how many total?

this isn’t a debate. I’m not arguing you.

Correct again. You are absolutely not.

Yes, it’s an investment to mainly hold, not unlike gold.

For the 50th time, how it became popular is completely irrelevant. Why are you so fixed on it?

refuse to acknowledge any data or any information we can infer from the data.

I acknowledge the data you’ve cited – but you have done nothing to demonstrate how that leads to a reasonable inference that ~100% of Bitcoin transactions are for illegal purposes.

Well yes. That’s the point. You can bank in anything that you can rely on, and you can rely on drug markets making money. “A store of value” is nothing but an investment. And the only reason it became actually reliable and profitable to invest in Bitcoin is because of the drug markets.

So we agree, it’s a store of value.

And had you bothered to read the studies, you’d notice the specify they do as well.

Was in reference to you bringing up pump and dump memecoins. That’s why I quoted that part…

Well not to a person who can’t face reality, no.

What reality have I not faced?

Show me proof that I’m wrong.

That’s not how that works, and you know that. I also never said you were wrong about anything except Bitcoin not being a store of value, which you agree that it is. So not sure what you’re even looking for…

I’m right and I’ve proved that

No you haven’t.

data agreeing with me

Then present it.

disagreeing with you.

Disagreeing with me about what…?

You’ve literally no proof for yourself delusions about it being a “store for value”

You haven’t even argued that it isn’t a store of value… Only that it’s propped up by illegal activity.

showing that TRILLIONS are being used in criminal enterprises

Trillions of USD, not trillions of Bitcoins.

Just because there are some barely valuable pump and dump meme coins

Again, we’re talking exclusively about Bitcoin.

You just can’t face reality.

I can face reality just fine, you just can’t seem to prove your claim.

Also not sure why you keep trying to, because again it’s irrelevant

No-one agrees.

Its a fact.

Indirectly supporting

There it is. Yawn.

I’d say it’s closer to 99.9%, and that’s a conservative estimate, in line with data.

Also you’ve failed to cite anything that even points to a ballpark percentage. Which data specifically points to ~100% of Bitcoin transactions being used to directly fund illegal activities?

What claim did I make that you want a source for…?

First of all, we aren’t talking about cryptocurrency, we’re talking about Bitcoin.

Secondly, like I already said, it’s irrelevant. Bitcoin is for storing value.

Edit: To put it another way, let’s say >51% of Bitcoin transactions are used to facilitate illegal activities – so what?