Receiving, owning and spending money anonymously. Remember when extortionists had to be paid with a suitcase full of banknotes? Most cryptocurrency isnt anonym

Receiving, owning and spending money anonymously. Remember when extortionists had to be paid with a suitcase full of banknotes? Most cryptocurrency isnt anonymous, and certainly Bitcoin isn’t. In fact it’s arguable that the public ledger nature makes it far less anonymous than almost anything else. What it is, is easier to launder, hence the extortionist wet dreams. Why is it a feature of a currency to have the most utility for thieves and other criminals? Receiving money without being exposed to the danger of fraud. Depends on the currency. There was a recent 51% attack, and the many many fraudulent ICO’s, exist scams, and exchange “robberies” to provide counterexamples. As a bonus, no insurance! Hooray... Receiving money via Credit Card is surprisingly risky for the merchant. It really isn’t. Transferring money internationally without additional costs. Transaction fees exist for crypto actually. Let’s also remember that all of this “utility” comes at the low low cost of an ungodly amount of wasted energy.