Quote from: deisik on July 28, 2019, 09:24:44 AM

Quote from: noormcs5 on July 28, 2019, 06:16:09 AM

Quote from: xiboothrezi on July 28, 2019, 04:08:49 AM

Quote from: noormcs5 on July 27, 2019, 06:58:35 PM

Bitcoin and crypto is not a crime tool.

1- Anything can be hacked online and not just Bitcoin.
2- Money laundering can also be done with fiat and not just Bitcoin.
3- Bitcoin and local fiat can be used for drugs and other illegal means and we cannot blame only Bitcoin for this purpose

We can conclude that it is the use by the humans which make the Bitcoin good or bad. A good human can use bitcoin in a positive manner and bad human can use it in an evil manner.

These three points are very true. Anything can be used as a criminal tool, depending on the user. It's just that, it's different when it comes to bitcoin, which basically becomes a taboo for ordinary people. Even though there are many benefits that can be obtained, the explanation is very reasonable by the OP.

I can give you an example of a knife and knife can be used to hurt people but mainly the knife used to cut the fruits and vegetables so you cannot claim knife to be a bad invention.
Same is the case with bitcoins. It is used for transferring of money and sale and purchase of goods but few people are using it for the illegal task and business

Well, let me try playing a devil's advocate here

Indeed, knives can be used for anything other than being kitchen inventory, including a murder weapon. But you can't ban knives because their home use (other than homicide, obviously) by far exceeds their other uses. Thus it is out of the question as entirely impractical. Further, some varieties are actually banned from possession unless you have a license (e.g. hunting knives and anything looking more like a sword than a knife). On the hand, banning Bitcoin will not have a lot of side effects and unintended consequences apart from a bunch of nerds wining and crying over here and over there. Simply put, banning Bitcoin is not a big deal

Bitcoin has a lot of benefits like transferring money from one country to another in blink of second without consuming any extra third party fee etc. Banning bitcoin will have a serious impact on economy and whats more better is that due to decentralization, no one can completely ban bitcoin and people will still be able to find the ways to use it. Wink