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<p>[QUOTE="John Burgess, post: 7415139, member: 105098"]it's an easy way to transfer black market cash around the world because nobody is tracking any of it and there's a whole stable of investors drooling to buy it up.</p><p><br /></p><p>it's a blockchain, with a limited or finite supply, there's only so many of them, and there can't be any more of them then the set amount of them.</p><p><br /></p><p>dogecoin is NOT like this at all, there is no limit on dogecoin, they can keep creating more if they like.</p><p><br /></p><p>So, if you need to pay off for a drug shipment, or for ransomware, they are going to want the untraceable bitcoin that no government is or can follow the transactions on, in fact anyone trying to move money around unnoticed by governments or law enforcement is using bitcoin or a similar product, and as long as the investors are there to buy them back up and the supply doesn't flood, it's going to hold it's value, because in the end $1 is $1 and the bitcoin is the delivery mechanism, and as long as they can cash it back in on the other side, the money moves without triggering a flag. the more they are worth each the easier it is to finish the transaction.</p><p><br /></p><p>Want to send $36 million to North Korea or Iran, send 1000 bitcoin. You won't get it done many other ways than that, not without a visit from the government.</p><p><br /></p><p>this is why it's so valued, and why investors want to play along, it's all the black market transactions they are banking on, while the black market transactions are banking on the investors.[/QUOTE]</p><p><br /></p>
[QUOTE="John Burgess, post: 7415139, member: 105098"]it's an easy way to transfer black market cash around the world because nobody is tracking any of it and there's a whole stable of investors drooling to buy it up. it's a blockchain, with a limited or finite supply, there's only so many of them, and there can't be any more of them then the set amount of them. dogecoin is NOT like this at all, there is no limit on dogecoin, they can keep creating more if they like. So, if you need to pay off for a drug shipment, or for ransomware, they are going to want the untraceable bitcoin that no government is or can follow the transactions on, in fact anyone trying to move money around unnoticed by governments or law enforcement is using bitcoin or a similar product, and as long as the investors are there to buy them back up and the supply doesn't flood, it's going to hold it's value, because in the end $1 is $1 and the bitcoin is the delivery mechanism, and as long as they can cash it back in on the other side, the money moves without triggering a flag. the more they are worth each the easier it is to finish the transaction. Want to send $36 million to North Korea or Iran, send 1000 bitcoin. You won't get it done many other ways than that, not without a visit from the government. this is why it's so valued, and why investors want to play along, it's all the black market transactions they are banking on, while the black market transactions are banking on the investors.[/QUOTE]
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