It’s true that crypto is commonly used in online drug transactions, but there are other justifiable uses, such as moving money out of countries with repressive regimes like China and Russia.
Also paying for certain genres of porn that major credit card banks like Visa and MasterCard have somewhat arbitrarily designated as unacceptable, such as certain types of BDSM e.g. consensual nonconsensual, anything that shows blood, kinky hypnosis and mind control, vampires, etc.
Of course obvious child porn and bestiality should be banned period, so some regulation is needed. But I’m not sure that the government delegating responsibility for regulation to the credit card banks is the best way to do it. The rules and enforcement are completely arbitrary and cannot be appealed.
Police and banks don’t care about drug users. Crypto only makes things easier for dealers. I bet more crypto gets used for trading CSAM than for drugs.
No it isn’t. Every single person has a complete record of every transaction. It’s the opposite of secure. It’s only useful insofar as intelligence agencies want tall grass to hide in for their own illegal transactions. Same as .onion btw
Crypto as an investment, and NFT for digital art, sure it’s a scam.
Crypto as an extralegal means of moving money is totally useful.
How is another way for billionaires to avoid paying taxes not a scam?
Extralegal ways of moving money are immensely useful to non-billionaires as well.
Zabadoh is talking about drugs I’m pretty sure
It’s true that crypto is commonly used in online drug transactions, but there are other justifiable uses, such as moving money out of countries with repressive regimes like China and Russia.
Also paying for certain genres of porn that major credit card banks like Visa and MasterCard have somewhat arbitrarily designated as unacceptable, such as certain types of BDSM e.g. consensual nonconsensual, anything that shows blood, kinky hypnosis and mind control, vampires, etc.
Of course obvious child porn and bestiality should be banned period, so some regulation is needed. But I’m not sure that the government delegating responsibility for regulation to the credit card banks is the best way to do it. The rules and enforcement are completely arbitrary and cannot be appealed.
Police and banks don’t care about drug users. Crypto only makes things easier for dealers. I bet more crypto gets used for trading CSAM than for drugs.
expired
No it isn’t. Every single person has a complete record of every transaction. It’s the opposite of secure. It’s only useful insofar as intelligence agencies want tall grass to hide in for their own illegal transactions. Same as .onion btw
Don’t confuse crypto for Bitcoin
Monero is the only torelable crypto currency for communists before revolution. After it is a liability.