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This part takes the least to claim the worst isn’t here. Akin to saying Al Capone was “just doing dishes” when he was arrested, why would you. There are variou

This part takes the least to claim the worst isn’t here. Akin to saying Al Capone was “just doing dishes” when he was arrested, why would you. There are various illegal parts: Creating a currency for example. But even if one can walk around the definition of a currency, exchanging it for dollars is most probably questionable: You give banknotes to someone in exchange for a token which you don’t know how it was obtained. In most cases, it is facilitating drug exchange and hitmen, so, unless one can prove where a Bitcoin comes from, I’m surprised it is even legal to exchange it for tender money. The whole thing should have been sued from the start.

matheusmoreira 3y ago
> Creating a currency Shouldn't be illegal. > exchanging it for dollars Shouldn't be illegal. > You give banknotes to someone in exchange for a token which you don’t know how it was obtained. It doesn't matter how it was obtained. > In most cases, it is facilitating drug exchange and hitmen Oh... Just like USD then. Why don't you go after them for those crimes? Without coopting us into your warrantless global surveillance network? > unless one can prove where a Bitcoin comes from That it is even possible to prove that is actually a failure of bitcoin's design. Thankfully Monero fixed it. Money should be fungible. There should be no dirty/clean bit attached to coins.
- MattPalmer1086 3y ago
  There's a huge difference between physically transporting a large amount of cash and disposing of it usefully without being detected versus electronically moving it around the world and exchanging it for fiat currency entirely anonymously. Here's a clue: one of those is hard to do and massively increases your risk of being caught, and the other actually enables further criminal activity which would not otherwise be easily possible. So no, not just like USD.
  - matheusmoreira 3y ago
    And yet every criminal out there seems to be using USD. Funny how that works. Maybe we should ban USD too.
    - MattPalmer1086 3y ago
      Well, if you want to actually spend your ill gotten gains, you pretty much need it in fiat currency. I don't see the point you are making.
      - matheusmoreira 3y ago
        The original purpose of cryptocurrency was to replace fiat by getting everyone to use it for their transactions. People would be pricing things in bitcoin or monero instead of USD.
        MattPalmer1086 3y ago
        Well, yeah, that was the original idea. Didn't work out like that though.
        matheusmoreira 3y ago
        Yes. That's the point. The fact it didn't work out like that, and turned into stonks line go up instead, is the tragedy of cryptocurrency.
- mcpackieh 3y ago
  > > Creating a currency > Shouldn't be illegal. This is exactly where the bullshit should stop. Creating currencies should be the sole privilege of sovereign governments.
  - matheusmoreira 3y ago
    Bullshit? It's the government currencies that are bullshit. You're replying to someone who lives in a country that actually went through several currencies. They became so worthless they had to be replaced. If you search "Brazil" here on HN you'll find the top post is about how "fake money" saved my country. They essentially tricked everyone into believing this time was going to be different. I'm sorry but I don't believe these people for a second. And neither should you or anyone else.
fullspectrumdev 3y ago
> In most cases, it is facilitating drug exchange and hitmen Except this isn’t even remotely true? Less than 1% or so of transactions are even remotely linked to crime?

matheusmoreira 3y ago

> Creating a currency Shouldn't be illegal. > exchanging it for dollars Shouldn't be illegal. > You give banknotes to someone in exchange for a token which you don’t know how it was obtained. It doesn't matter how it was obtained. > In most cases, it is facilitating drug exchange and hitmen Oh... Just like USD then. Why don't you go after them for those crimes? Without coopting us into your warrantless global surveillance network? > unless one can prove where a Bitcoin comes from That it is even possible to prove that is actually a failure of bitcoin's design. Thankfully Monero fixed it. Money should be fungible. There should be no dirty/clean bit attached to coins.

MattPalmer1086 3y ago
There's a huge difference between physically transporting a large amount of cash and disposing of it usefully without being detected versus electronically moving it around the world and exchanging it for fiat currency entirely anonymously. Here's a clue: one of those is hard to do and massively increases your risk of being caught, and the other actually enables further criminal activity which would not otherwise be easily possible. So no, not just like USD.
- matheusmoreira 3y ago
  And yet every criminal out there seems to be using USD. Funny how that works. Maybe we should ban USD too.
  - MattPalmer1086 3y ago
    Well, if you want to actually spend your ill gotten gains, you pretty much need it in fiat currency. I don't see the point you are making.
    - matheusmoreira 3y ago
      The original purpose of cryptocurrency was to replace fiat by getting everyone to use it for their transactions. People would be pricing things in bitcoin or monero instead of USD.
      - MattPalmer1086 3y ago
        Well, yeah, that was the original idea. Didn't work out like that though.
        matheusmoreira 3y ago
        Yes. That's the point. The fact it didn't work out like that, and turned into stonks line go up instead, is the tragedy of cryptocurrency.
mcpackieh 3y ago
> > Creating a currency > Shouldn't be illegal. This is exactly where the bullshit should stop. Creating currencies should be the sole privilege of sovereign governments.
- matheusmoreira 3y ago
  Bullshit? It's the government currencies that are bullshit. You're replying to someone who lives in a country that actually went through several currencies. They became so worthless they had to be replaced. If you search "Brazil" here on HN you'll find the top post is about how "fake money" saved my country. They essentially tricked everyone into believing this time was going to be different. I'm sorry but I don't believe these people for a second. And neither should you or anyone else.

fullspectrumdev 3y ago

> In most cases, it is facilitating drug exchange and hitmen Except this isn’t even remotely true? Less than 1% or so of transactions are even remotely linked to crime?