Comment by ozgrakkurt

I don’t understand the point of this. It is no different than traditional finance.

People do and did transfer drug money before and they will keep transferring drug money. I don’t see what blockchain has to do with that.

On the other hand, I use blockchain personally for completely legal purposes and find it very useful.

Easy to do international transfers, easy to buy different currencies even if local government is trying to make it hard. Also I have more trust in it compared to countries that I live in or travel to.

Another big aspect of it is no hidden costs and borderline scamming behavior I get from credit card companies or banks when doing international spending or transfers. This is not even about the insane prices, the feeling of getting scammed is even worse.

Also it is literally governments reason of existence to preserve order and catch criminals. Banning everything used by criminals is insanely stupid.

Same idea with cryptography, same with internet, same with cash.