Officials say a cryptocurrency investor has been arrested and charged with kidnapping, assaulting and holding a man against his will for several weeks in an upscale Manhattan town house.
Not sure what crypto we’re talking about here, but most crypto coins (e.g. bitcoin) are also easily traceable, as all transactions are public. It’s true that they’re not reversible and that certainly offer less protection than a bank account, but also offer other things e.g. more privacy and decentralized infrastructure, which can be useful even to non criminals.
Also once again, if one needs absolutely no traceablilty (ok fine, almost no traceability) then cash is still king and criminals use that as well, or sometimes gift cards and prepaid cards. Should we ban cash and gift cards? (hmm gift cards maybe…)
What I’m trying to say is, crypto is just a tool and it’s up to us to use it in a good or bad way. Unfortunately, most people seem to have chosen the second option.
Not sure what crypto we’re talking about here, but most crypto coins (e.g. bitcoin) are also easily traceable, as all transactions are public. It’s true that they’re not reversible and that certainly offer less protection than a bank account, but also offer other things e.g. more privacy and decentralized infrastructure, which can be useful even to non criminals.
Also once again, if one needs absolutely no traceablilty (ok fine, almost no traceability) then cash is still king and criminals use that as well, or sometimes gift cards and prepaid cards. Should we ban cash and gift cards? (hmm gift cards maybe…)
What I’m trying to say is, crypto is just a tool and it’s up to us to use it in a good or bad way. Unfortunately, most people seem to have chosen the second option.