The potential for criminal activity associated with them is just too great.
The potential for non-criminal activity is even greater. Bitcoin enables all sorts of innovative new businesses that were not possible before. It will boost free trade and empower a new generation of freelancers and small entrepreneurs. It will give the world's poorest people access to a "bank account". I could give you many more examples how it will make most of us better off if it succeeds.
But I don't want to be a part of helping the bad guys out there. The cost of my being able to re-locate and be anonymous means that other people can too, and I don't know if I want them to be able to do that.
Most technological advancements facilitate certain crimes. The automobile facilitated kidnappings and drive by shootings. The internet facilitated credid card fraud. Chemistry facilitated the holocaust.
But try to see the bigger picture. They also bring huge societal benefits that far outweigh the detriments.
If your aim is to stop criminals by denying yourself the technologies that might help them to commit crimes, you have to reject other technologies too, not just bitcoin. And don't forget that Bitcoin can also be used to
combat crime.
I'm in a bit of a crisis here. I don't know what I'm going to do, but thanks for letting me vent here guys.
Sit back and enjoy the ride.
See bitcoin for what it is - just a tool.
The 21st century will be scary but wonderful.
