Quote from: Arkham Knight on July 24, 2019, 11:59:54 AM

I think it is still not fair to compare the billions of money lost from bitcoin to those crimes because first of all, it's not bitcoin doing crimes but it is mostly about exchange hacks and the rest are scams. The counterfeiting of fiat alone is enough to not criticize bitcoin so much with all the negativities they throw on it. Bitcoin is doing better and the later years will prove that the crimes above will be lessen with the blockchain tech.

I was just pointing out the fact that fiat currency is still used for 99.9% of the illegal activities. And this is the case even after 10 years of existence of Bitcoin. A cryptocurrency that is pseudo-anonymous and having more than 100 million users is still not the preferred payment method of the criminals. And that tells a lot about the association of fiat with crime. The media can twist the story as per liking, but the facts remain as such.

And regarding the exchange hacks, how the currency can be blamed for the loss? If someone robs a bank, are you going to blame the bank instead of the robber? Scams exist everywhere and they can be eliminated only if the authorities drop their hostility to cryptocurrency.

The media loves to highlight the negatives of cryptocurrency. But why they are silent on its merits? Fiat currency can be counterfeited (even digital fiat). But Bitcoin can never be counterfeited. Fiat is not protected from inflation, but Bitcoin is. Why they are silent on these aspects?