The solution doesn’t lie in the cryptocurrencies or similar systems.
This only results in more cat and mouse games, nothing else.
Ah, we also waste a lot of energy, I bet this is not important in the midst of climate change and energy crisis we’re having.
A top of the line supercomputing center needs 4-6 megawatts of energy, cooling and utilities included. CERN's main power supply is around 12-15 megawatts IIRC. Bitcoin network needs as much energy as a mid sized European country, which is way bigger than this number.
A normal bank data center probably needs 1-2 megawatts at most, on the other hand.
That's the power aspect.
On the other hand cryptocurrencies are slowly started to being regulated, so they'll be divided to legal and illegal ones. So money laundering will be no different regardless of the medium/currency you use.
It's the cat and mouse game part. Cryptocurrencies are trying to go against systems which are built over centuries, if not millenia.
Good luck with that.
Yeah, most people in sanctioned countries are victims of their own governments. Please punish them more by not allowing them to send and receive money that their lives could depend on. Cryptocurrency helps remove at least a little bit of that pain for many families around the world.
> I'm going to send this to everyone who I know is involved in crypto/blockchain.
I bet you've complained about people trying to talk you into cryptocurrency, and you didn't like it. It's annoying and you'd be doing the same.