>A lot less than you think. Citation please. >If you want to buy $15,000 worth of heroin from a dark net drug distributor, would you do it in bitcoin, or a US

>A lot less than you think. Citation please. >If you want to buy $15,000 worth of heroin from a dark net drug distributor, would you do it in bitcoin, or a USD wire transfer? Sure, you use bitcoin because thats what online distributors accept. But you answer me this, if I want to buy 50kg of cocaine or heroin, am I paying the Mexican Cartels/Afghan warlords/Colombian cartels USD or BTC? >We successfully combat these things in USD, Visa, et If we could successfully combat these with VISA would carding still be a thing? Would identity theft be a thing? 1bn was stolen from Moldovan banks by bank transfer and they still couldn't get the money back. https://en.m.wikipedia.org/wiki/Moldovan_bank_fraud_scandal https://en.m.wikipedia.org/wiki/Moldovan_bank_fraud_scandal So it's hardly like any of these are a secure medium, sure there are laws that can be used to prosecute offenders, same ones that can be used for crimes involving bitcoin. Bitcoin is also trackable/traceable with the right resources BY DESIGN (not sure why that matter but it matters to you). Also I think it was the SEC who said that cash was the preferred option for criminals, with bitcoin being a very small area for money laundering or other criminal activities. There is a lot of hyperbole in your comment (breathtaking, insane, illogical) and a significant misunderstanding of bitcoin. Perhaps don't act so superior when you don't know everything.