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Bitcoin hits record high as Trump vows to end crypto crackdown (arstechnica.com)

submitted 1 day ago by RmDebArc_5@sh.itjust.works to c/technology@lemmy.world

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[–] taladar@sh.itjust.works -1 points 10 hours ago (1 children)

The difference is that 100% of crypto-currency transactions are stuff like that and only a small percentage of USD transactions.

[–] FireRetardant@lemmy.world 1 points 10 hours ago* (last edited 8 hours ago) (1 children)

Do you have a source for that? I've seen local businesses like pizza shops and such accept btc.

Edit: the majority of crypto transactions are likely between exchanges, miners, and exchange customers. An example is the Blackrock BTC ETF buys and sells btc off an exchange in realtime in relation to the ETF purchases. I'm not saying no crime happens on the btc network but to claim 100% of transactions are crime based is just false.

[–] taladar@sh.itjust.works -1 points 9 hours ago (1 children)

And by "pizza shops" you mean that one pizza shop that tried it back before BTC got really expensive?

[–] FireRetardant@lemmy.world 2 points 9 hours ago

I'm pretty sure they just charge the local currency equivalent in BTC at the time of purchase.