While true, let's not pretend they're equivalent. Many early bitcoin millionaires were made so because they bought bitcoin to use for buying drugs online.
So what. Pablo Escobar became a billionaire using US dollars. It's going to take Bitcoin a while to catch up to the volume of cash US dollars generated by criminal activity.
The problem is Bitcoin fails at what its stated goal is: to be an electronic currency. Wildly fluctuating exchange rates and long transaction times make it a better tool of things like "speculative investment" and less-than-legal financial transactions.
While true, let's not pretend they're equivalent. Many early bitcoin millionaires were made so because they bought bitcoin to use for buying drugs online.
So what. Pablo Escobar became a billionaire using US dollars. It's going to take Bitcoin a while to catch up to the volume of cash US dollars generated by criminal activity.
why not? In my opinion it's the same with guns, the problem isn't the money/weapon, but the user.
The problem is Bitcoin fails at what its stated goal is: to be an electronic currency. Wildly fluctuating exchange rates and long transaction times make it a better tool of things like "speculative investment" and less-than-legal financial transactions.