.... says the USSS agent Tate Jarrow.
http://bitforum.info/t/secret-service-agent-labeled-bitcoin-as-a-tool-for-cybercriminals/702I just think that this agent did not do his homework.
You just cant judge a thing with its lopphole. Maybe it can be utilized by cybercriminals 'for now'
Report never mentioned how useful bitcoin will be for people migrants who are working in the US and other first world countires.
Bitcoin might even end hunger for cryin out loud.
He is not wrong in what he says. The demand in ransoms by cybercriminals is mostly now through bitcoin.
But yes it isn't the only way to look at it.
Maybe he needs to be told about the scams that have happened with fiat as well.
However as for the cybercrimes there is no easy solution to this and it will certainly get a lot worse. Benefits of cryptocurrency vastly outweigh these cybercrime cases.