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The ratio of legitimate to illegitimate use of traditional currencies is way different than the ratio for cryptocurrencies. Of course the total number is smalle
by user-the-name 5y ago
The ratio of legitimate to illegitimate use of traditional currencies is way different than the ratio for cryptocurrencies. Of course the total number is smaller, since the total number of cryptocurrency users in general is smaller.
The point is that there is massive legitimate use of traditional currencies, which makes them a benefit despite the illegitimate uses. The same is just not true for cryptocurrencies.
Also, traditional currencies have many, many safeguards against illegitimate use. Cryptocurrencies are specifically designed to prevent those safeguards.
There is a good reason that ransomware only took off once cryptocurrencies became available.
- denton-scratch 5y ago> legitimate use It is "legitimate" to use a cryptocurrency to buy pot. It may not be legal, depending on your jurisdiction; but "illegitimate" is a fuzzy word, expressing some kind of subjective disapproval. I personally think it's illegitimate to criminalise drug use. But that's just a subjective, personal opinion.
- user-the-name 5y agoI am not talking about buying pot.
- hk__2 5y ago> There is a good reason that ransomware only took off once cryptocurrencies became available. What? The peak of ransomwares was during the 2000s.
- user-the-name 5y agoWhat on earth are you even talking about.
- hk__2 5y agoforget about it; my comment is wrong.