A lot of them are certainly hard to trace, and are specifically trying to be.
> and fiat currency is no shining star
Indeed, but we go to great lengths to make it hard to launder money,
> HSBC and other major banks launder money for the drug cartels at billion dollar scale
Some people go to great lengths to break the law. But why make it easy and enable even more people to do bad things?
> Rather than white collar crime like ransomware, drug cartels actually kill and mutilate people.
You think drug cartels won't use crypto? Ransomware gangs are likely just pioneers.
If you want to make the case for crypto, argue its benefits (which I can certainly see). Or propose some means to keep its problems in check. But don't just deflect and point to problems elsewhere.
Drug cartels are the result of draconian drug policy. If it weren't for these policies you wouldn't have people turning up dismembered in barrels of acid.
> Cryptocurrencies are not anonymous
A lot of them are certainly hard to trace, and are specifically trying to be.
> and fiat currency is no shining star
Indeed, but we go to great lengths to make it hard to launder money,
> HSBC and other major banks launder money for the drug cartels at billion dollar scale
Some people go to great lengths to break the law. But why make it easy and enable even more people to do bad things?
> Rather than white collar crime like ransomware, drug cartels actually kill and mutilate people.
You think drug cartels won't use crypto? Ransomware gangs are likely just pioneers.
If you want to make the case for crypto, argue its benefits (which I can certainly see). Or propose some means to keep its problems in check. But don't just deflect and point to problems elsewhere.