AníbalSantaella on Nostr: Crime, Money, and #Bitcoin Money is more than just currency; it's a medium of ...

Crime, Money, and #Bitcoin

Money is more than just currency; it's a medium of exchange that enables transactions for goods and services. But what defines money, and how does Bitcoin fit into the picture?

Money is versatile, it allows you to buy anything. If something cannot be used to purchase goods or services without restrictions, it's not truly money. Bitcoin, with its decentralised nature, embodies the essence of money.

It could be a coupon, loyalty points, a gift card, or a token, but it's not really money if it comes with restrictions on how you can use it. It's not money because it has lost one of its fundamental properties: being a 'medium of exchange.'

Criminals have long used traditional currency for illicit activities. Similarly, they can use Bitcoin because it's money. However, it's essential to recognize that the tool itself is not the crime; it's the actions of individuals.

Attempts to control crime through monetary regulations often lead to overreach, with the organisation imposing control becoming the perpetrator. Bitcoin offers a decentralised alternative that puts control back in the hands of individuals.

Despite its association with criminal activities in media, the reality is that the vast majority of Bitcoin users are seeking to build a future based on unrestricted trade. However, like any form of money, it can be misused by a minority.

Bitcoin addresses the root causes of monetary issues by removing permissions, borders, centralization, and biases. It offers a transformative experience, empowering individuals and reshaping the way we view money.

By understanding the relationship between crime, money, and Bitcoin, we can appreciate the potential for positive change in the financial landscape. Bitcoin represents not just a currency but a paradigm shift in our understanding of money and its role in society.

#Bitcoin 🧡