Nothing. Bitcoin wound be a terrible choice for blackmail since all your transactions will be viewable to the general public (and the law). Try again.
RedDuke, this is not true I have always given the answer to people who genuinely looking for it that they read the book "The Bitcoin Standard" or "Layered Money" Why haven't you read any of the books above if you are truly seeking what the problem Bitcoin has solved? --------------- I'll ask you a question back There are millions of people in Argentina, Lebanon, Turkey, Peru, and Sri Lanka with dire financial problems If they had converted their money to Bitcoin in the past 5-10 years, their financial problems would have been solved How is it that you do not see the problem that Bitcoin has solved in the above??
https://medium.com/@lightcoin/the-problem-bitcoin-solves-8b3944ea77a7 For example, someone pays you with bitcoin for something. If you decide not to send the thing to the other party, you don't have to give a refund. When the other party screams, "It's on the blockchain!" your reply can be something like "Sorry, the transaction is irreversible."
if they would have bought TESLA same thing. We had insane run up. But again BTC has Not solved a single issue.
And I just told you that your example fails So let's get back to Bitcoin and the problem it solved for the millions of people of Argentina, Lebanon, Turkey, Peru, and Sri Lanka What is another example you have since buying TSLA shares did not work for them but Bitcoin did?
El Salvador’s legal tender is still the US dollar. Outside of the Bitcoin tourism areas anyway. El Salvador adopted the US dollar as legal tender in 2001. The years since have proven that it was a great decision, as the US dollar has brought monetary stability to the country that it historically lacked with its own currency, the colon. More than a few other Latin American countries would have benefitted by following El Salvador’s lead back then with the US dollar. But not now with Bitcoin. Its bet won’t turn out well.
@RedDuke , in case you still haven't figured out the last 3 posts we've exchanged Bitcoin is money that cannot be debased by central banks Look up the message that Satoshi Nakamoto embedded on the first block of the Bitcoin blockchain over 13 years ago Satoshi knew exactly what Bitcoin was created for ----------------------- Please read the book "The Bitcoin Standard" and "Layered Money" if you are genuinely interested in learning about Bitcoin
I changed my mind. After reading all the use cases I am now a confirmed HODLER and Crypto Visionary Just like MSTR Saylor 1600- 199