Re:The Case Against Crypto
by denton-scratch on Tuesday December 07, 2021 @10:00AM
(#29473116)
> legitimate use
It is "legitimate" to use a cryptocurrency to buy pot. It may not be legal, depending on your jurisdiction; but "illegitimate" is a fuzzy word, expressing some kind of subjective disapproval.
I personally think it's illegitimate to criminalise drug use. But that's just a subjective, personal opinion.
Re:The Case Against Crypto
by user-the-name on Tuesday December 07, 2021 @10:03AM
(#29473158)
I am not talking about buying pot.
> There is a good reason that ransomware only took off once cryptocurrencies became available.
What? The peak of ransomwares was during the 2000s.
Re:The Case Against Crypto
by user-the-name on Thursday December 09, 2021 @05:56AM
(#29496025)
What on earth are you even talking about.
The point is that there is massive legitimate use of traditional currencies, which makes them a benefit despite the illegitimate uses. The same is just not true for cryptocurrencies.
Also, traditional currencies have many, many safeguards against illegitimate use. Cryptocurrencies are specifically designed to prevent those safeguards.
There is a good reason that ransomware only took off once cryptocurrencies became available.