If people had used cryptocurrency as a currency instead of as a “it’s totally not a security, we swear, even though we’re only saying that to evade SEC regulations a little longer” …LTC did. Monero has and is. BTC’s fall was a massive pullback on an extremely new and volatile idea that not even half the buyers entirely understood. BTC now is held up by ETF funds, private equity and everyone that cares putting a few chips in. Is it a scam now? Is everyone scamming everyone?

…there’d be a lot fewer people calling it a scam. For sixteen years, crypto’s only use cases seemed to be buying illegal goods and securities fraud. Some would call that decentralization and freedom. Spin it however you like.

Finally, we have another use case presenting: perfectly legal transactions that credit card companies have gotten cold feet about. They deserve every negative degree.