Bitcoin is being used widely in porn sites, gambling and drug dealing sectors. Is that why the btc made for ? I have seen a lot of members in this forum discussing about buying drugs, gambling and enjoying porn with bitcoin. Is not it a misuse of a currency ? Block chain tech is a awesome tech and btc is getting popular. I hate these misuses of precious btc. It hurts me. This will lead into unhealthy society along with unhealthy future generation.
I will agree that things like drugs, gambling and porn can be damaging to society, but this is not what Bitcoin was created for. Bitcoin works best as a counter to the, "If you have nothing to hide, then you should have nothing to fear" mentality of mainstream financial centers and regulators. If you earned $1000 in cash mowing lawns for people and now you want to use that cash to have a new sink installed, then that should be between you, Home Depot, and the guy who installs your sink. But because civil forfeiture is a thing, the cops can seize that cash without cause just by accusing you of being a small-time drug dealer. Bitcoin can sidestep that to a certain degree if you do not advertise that you have Bitcoin. Then you just have to buy a Home Depot gift card with Bitcoin and either learn how to install the sink yourself or find a contractor who is willing to accept Bitcoin. The cops might find the briefcase in your trunk anyway, but you can fill that with last week's stale doughnuts from your office as a joke.