Quote from: Tina H on June 15, 2021, 03:53:57 AM

... about 76 billion US dollars of transactions are involved in illegal activities each year...

I don't normally jump into these discussions, but... well, jeez Undecided

I agree with many of the responses - especially bringing up numbers without sources. We all know that while 97% of the information on the internet is accurate, 74.2% of statistical claims are made out of thin air or from nuthouse hypotheses, and 68.8% of noob comments (including my own) are unresearched or validated.

HOWEVER, I do want to step in and say 2 things about the OP post.

#1 Bitcoin is not the only currency used with criminal activity. US dollar bills (cash) and many other currencies were used for criminal activities far before Bitcoin came along. In fact, criminals are still using cash... and the government hasn't made using cash illegal.

#2 Bitcoin is not managed by any government and since it is decentralized, they can't block it either. They can only block it by blocking access to the internet. Sure, they can make it illegal. They make the possession and use of many drugs illegal, but it still continues.

and a bonus comment... there are no international criminal police. Interpol is an organization that coordinates international law enforcement cooperation, they don't independently enforce or investigate crimes. (But that would be funny to see... a jetboat being pulled over in international waters for speeding in a 'no wake' zone and getting tickets for possession of contraband and not enough life jackets on board. Cheesy

)

MartyGraw

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