And yet, it is, as the Chinese preferred way of off-shoring.
"Today, hardly anyone uses bitcoins to buy stuff."
No, just no, like hell no. Ransomware demands, stolen database transfers, PLA drug manufacturers, arms, yachts, cars, people, that list is endless.
“”No, just no, like hell no. Ransomware demands, stolen database transfers, PLA drug manufacturers, arms, yachts, cars, people, that list is endless.”
Compared to how many people use dollars, that list is infinitesimal.
Normal humans don’t use bitcoin to buy stuff. Not only that but one of the original selling points of Bitcoin was that the transaction would be settled in seconds and would be free. Well it’s not free and it can take hours and even a day to get the transaction processed. With Zelle I can truly get the transaction in seconds and for free.
So yes, the users of bitcoins are the ones avoiding the revenuer or the sheriff... and the collectors.