Using Bitcoin for illegal transactions is simply prosecution futures. Governments and LEOs have and continue to develop automatic de-anonymization tooling and let's face it 2-3tps, it doesn't have to be fast lol. You're basically just scribbling down all your crimes under a pseudonym and mailing it to the FBI, CIA and PRC with a note saying 'bet you can't guess who I am.' I bet you they can, guy.
> Cryptocurrencies have also become useful asset stores for the wealthy living in authoritarian countries.
Again certainly not BTC. Any one of those stories over the last few months of people using Bitcoin as a currency of last resort are so sad because they all got rekt. Had they bought USDC or a hypothetical future CBDC or e-cash, they would be so much better off.
There's that story about the Ukrainian refugee who put his last $2000 worth into BTC when he fled the Russians. That's worth like $900 now.
> Cryptocurrencies have also become useful asset stores for the wealthy living in authoritarian countries.
Again certainly not BTC. Any one of those stories over the last few months of people using Bitcoin as a currency of last resort are so sad because they all got rekt. Had they bought USDC or a hypothetical future CBDC or e-cash, they would be so much better off.
There's that story about the Ukrainian refugee who put his last $2000 worth into BTC when he fled the Russians. That's worth like $900 now.