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In democratic societies, in theory and largely in practice, crime is what society as a whole decided is a crime. Bitcoin is indeed permissionless, which means
by toyg 5y ago
In democratic societies, in theory and largely in practice, crime is what society as a whole decided is a crime.
Bitcoin is indeed permissionless, which means you can use it for things society might find nefarious: tax evasion, drug trade, uncontrolled arms trade, human trafficking, money laundering, etc etc. You might not value that, but society as a whole does.
- asterix_pano 5y agoBitcoin is probably one of the worst asset to use for crimes, since all transactions are publicly available on the blockchain, with no privacy.
- toyg 5y agoBitcoin is one of many cryptocurrencies, one that becomes increasingly less relevant with each day.