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RE: CRYPTO NEWS: US Secretary of the Treasury wants to make sure "bad people" can't use Bitcoin to do "bad things"

in #bitcoin7 years ago

Does anyone buy this ridiculous argument by the control-freaks people call government about cryptos? The so-called "bad people" have been using cash and the regulated banking system to this point and that has not stopped the drug trade, human trafficking, or any other illicit activity you can think of. Cryptos are irrelevant to illegal activities, they will continue regardless. Yes, criminals will use cyrptos. So fucking what! It seems that the financial system doesn't like the competition cryptos offer "bad people" because now they (the legacy system) will be losing out on taking their cut!