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The majority of the uses of cash are legal. The majority of uses of Bitcoin are criminal. And bear in mind, Bitcoin hasn't just been a boon to ransomware, it's

The majority of the uses of cash are legal. The majority of uses of Bitcoin are criminal. And bear in mind, Bitcoin hasn't just been a boon to ransomware, it's been a strategy to evade financial sanctions by countries like Iran: https://www.reuters.com/technology/iran-uses-crypto-mining-lessen-impact-sanctions-study-finds-2021-05-21/ https://www.reuters.com/technology/iran-uses-crypto-mining-l... So there's a lot of reasons the US government just may find themselves happier without it.

jessaustin 5y ago
There's a difference between a proposition one can pull out of an orifice and a proposition one can defend in court.
Karunamon 5y ago
>the majority of uses of Bitcoin are criminal Citation badly needed.
selsta 5y ago
Do you have a source for your claim that the majority of Bitcoin uses are criminal? Research by blockchain analysis companies show that only a small percentage of Bitcoin usage is illicit [1][2][3]. [1] https://www.elliptic.co/resources/typologies-concise-guide-crypto-leaders https://www.elliptic.co/resources/typologies-concise-guide-c... [2] https://ciphertrace.com/2020-year-end-cryptocurrency-crime-and-anti-money-laundering-report/ https://ciphertrace.com/2020-year-end-cryptocurrency-crime-a... [3] https://blog.chainalysis.com/reports/2021-crypto-crime-report-intro-ransomware-scams-darknet-markets https://blog.chainalysis.com/reports/2021-crypto-crime-repor...
Vadoff 5y ago
Criminal? Maybe in 2013 Silk Road days. There's a ridiculous amount of volume on Bitcoin and it's mostly moving to and from exchanges. There's no way a majority of those are illegal.