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>Imo a currency that makes those possible has negative value. 'Regular' currency has been used for all sorts of nefarious things since the dawn of currency, in
by ziddoap 4y ago
>Imo a currency that makes those possible has negative value.
'Regular' currency has been used for all sorts of nefarious things since the dawn of currency, including assassinations and child trafficking and such. Nothing about USD/EUR/CAD/etc. inherently makes it impossible to purchase or participate in illegal goods/activities.
I'm not in favor of cryptocurrency, but the argument that cryptocurrency is the thing enables bad things to be bought/sold is a really tired argument and seems to forget all of human history prior to the last 10 years.
- ALittleLight 4y agoIf this were true then cryptocurrency would not replace regular currency for drugs, assassinations, and dark market activities generally. I believe KYC, banking regulations, and traceability all reduce the utility of conventional money for bad things. You can't easily transfer large amounts of money without leaving a trail that investigators may find in the conventional system. Bitcoin solves this!
- ziddoap 4y agoWhat do you mean "If this were true [...]" ? How do you think crimes were paid for before BTC? On a related note, my dealer takes cash and even accepts electronic transfers, but not BTC.