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by brtkdotse 564 days ago
Ah, the main application of Bitcoin - ransomware - is now more lucrative then ever.
2 comments

Well, bitcoin has many legitimate uses like buying drugs or evading taxation
but still the most popular currency for tax evasion, buying drugs and international terrorism funding is USD using citibank and deutche bank infrastructure.
Well, USD is used too. For decades. Even with too many regulations and security controls implemented by financial institutions around the world.
...just like, fiat money.

At least, Bitcoin can't be printed and not centralized like a government-controlled money.

Bitcoin is not perfect, also not fully decentralized either, but still much better than more-centralized fiat which are government-controlled and are still used for all the harmful purposes already.

Don’t forget money laundering.
There are plenty of better ways to money launder right now than to use BTC. The classic buying of art work and shell companies are fantastic to evade taxes and clean black money
Bannanas taped to a wall.
how? bitcoin is not anonymous
It's anonymous as long as you manage to sell it without connection to your real identity