Quote from: bryant.coleman on July 24, 2019, 04:40:45 AM

It is always good to see the mainstream media trying hard to paint Bitcoin in a negative light, despite having enough proof at their disposal to rubbish such arguments. Let's look at the annual turnover of some of the illegal businesses.

a. Illegal narcotics trade (Opioids including heroin, cocaine, synthetics including methamphetamine): worth more than $400 billion per year.
b. Counterfeiting: worth $250 billion
c. Illegal arms trade: worth more than $100 billion per year
d. Human trafficking: worth around $32 billion per year
e. Illicit Wildlife Trade: worth more than $10 billion

Now don't tell me that Bitcoin is the culprit behind all this, despite less than $1 billion worth of coins being used for such purposes every year.

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.

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