I still argue this is an overly US centric recollection of history. Bitcoin adoption was all China initially (china to Moscow "trade"). Its one persistent use case is money transfer across borders. With a closed economy, it was a major way to extract fiat out of China without govt approval. Its why all the major exchanges were adjacent to China. It wasn't until later that English speaking people found it and began to speed run all the financial crimes throughout history.
"the feral chad" - Can't unhear Sir David Attenborough saying this
If only SBF had picked up a book on wildcat banks...
I still argue this is an overly US centric recollection of history. Bitcoin adoption was all China initially (china to Moscow "trade"). Its one persistent use case is money transfer across borders. With a closed economy, it was a major way to extract fiat out of China without govt approval. Its why all the major exchanges were adjacent to China. It wasn't until later that English speaking people found it and began to speed run all the financial crimes throughout history.