Quote from: Marvell1 on August 24, 2024, 10:54:00 AM

Quote from: royalfestus on August 22, 2024, 06:11:14 PM

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Bitcoin is used for money laundering but who is using bitcoin for those illegal activities? Criminals, terrorists...human? Before Satoshi created bitcoin, criminals also used fiat money, gold, silver...so who should we blame?

Bitcoin is not a scam in any way as it is just a tool like many others, it is being used by criminals for their illegal purposes. Bitcoin completely free of fraud in any way as it is just a tool like many others, it is used by criminals for illegal purposes just like they use fiat or gold. The fault here lies entirely with the criminals and partly with the government for not being able to find a solution to thoroughly suppress the criminals.

As you said, criminal use of bitcoin has decreased in recent months, which means they are starting to use other methods like fiat, why is no one talking about this?

Is this the fault of fiat, is fiat completely free of fraud?

Anything that is in the form of a commodity or has value can be misused, no need to go too far, i can give a simple example. For example, a knife, it will be useful if the user use it to cut food ingredients for cooking. It would then be dangerous if used to threaten someone to obtain valuables (as would be done by a thief).

Bitcoin, FIAT, gold & silver are commodities, they have value, but among these four the one that has the advantage in terms of privacy is bitcoin, that's why these days, global or internet criminals are taking advantage of this advantage of Bitcoin. I won't fault royalfestus point of view or yours. But at least i've provided an easy to understand explanation why these days bitcoin is the target & not FIAT, gold or silver.