Post
Topic
Board Bitcoin Discussion
Re: Why Bitcoin?
by
kelsey
on 17/04/2015, 08:57:48 UTC
i've been around this community a few years and i still don't get why anyone would chose bitcoin.

Drug dealers, cyber hackers, underworld hoodlums, and anonymous fraudsters will always need an efficient way to exchange/ransom money.

Bitcoin does an excellent job at providing that niche medium of exchange.
You are trolling right? I have enough of people claiming that bitcoin is only good for fraudsters, robbers, kidnappers, hackers and other crime oriented professions. Bitcoin is just a tool, just like knife or gun. Do you think that every gun should be banned because some killer can use it for murder? Normal FIATs (paper money) are untraceable and hard to track as well...

as this threads about bitcoin v other p2p options (and not v fiat), microguy has a point. not saying other successful alt wouldn't equally be used similarly, but bitcoin does (whether erroneously or not) have a bad reputation for being associated with crime; which is certainly a barrier to further adoption.