You don't get to complain when honest people lose cumulatively billions of their hard earned savings to scammers and hackers.
You don't get to complain when peope hire hitmen, buy drugs and child porn with it.
You don't get to complain when data mining centers hook illegally to the power grid and steal millions of dollars of energy.
Or when countries avoid sanctions, or manipulate other countries through it.
That's precisely what decentralization and deregulation looks like. It's the law of the jungle. Enjoy.
Tell me when is the last time a drug dealer used a wire transfer with reason "for the cocain"? Oh they don't do that. I wonder why.
If someone makes an "Uber for hitmen", it will still be illegal in spite someone is using an app to hire them and paying them with their altcoins.
I argue the fact Bitcoin and other coins enables crime.
I'll make it really simple for you: would you hire a hitman with a briefcase full of cash, or you'd do a bank wire with subject "for the murder, thanks"?
Think why we don't use bank wires for this.
Now think why anonymous cash transfers are hard internationally.
Now think what Bitcoin is. It's anonymous cash over the Internet.
It's a huge enabler for illegal activities because it's anonymous and decentralized and happens over Internet.
You can spin it any way you wish, but the fact speak if you're a criminal, Bitcoin is automatically the most attractive way for making transactions to you, aside from person to person cash briefcases.
Law is centralized by nature. Because law has to be enforced in a centralized nature. Decentralization and anonymity means you can't apply the law. "Illegal" means therefore NOTHING to Bitcoin.
Compare that to how monetary inflation works in the fiat world: they just press a button, et voi-la, they got their funding.
