Quote:
Originally Posted by OMG!WTF!
Crypto's are popular because they exist outside of central control. People don't trust fiat and so pegging a crypto to a commodity or bank might lose its attraction. Venezuela just issued a petro coin so I suppose we will see how that does. One coin is one barrel of oil in the Orinoco basin. Good luck ever collecting your barrel but none the less, it's there.
Russia is also developing a cryptoruble to settle accounts internationally while avoiding US sanctions.
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My first thought with Crypto is still it's main usage for illegal ####. Ransoms, drugs, transactions you don't want tracked, etc.