Originally Posted by
gloopy
Not sure were you're going with this. Legal cash under a mattress or laundered through an interconnected web of otherwise legitimate business fronts (or simply going to congress and getting "lucky" with extremely well timed "investments" can be just as fruitful. Using BTC for crime is one of the dumbest and least frequent ways for individual criminals and enterprises to do whatever it is they're going to do. Total red herring.
I’m not solely referencing “crime.” If you store your gains, ill gotten or not, in crypto and it can’t be seized by an outside entity, how is it different than an off shore account? In a world where governments are sanctioning bad actors accounts, how would you not think of storing your money in a secure system that can’t be breached without your authority? Again I’m not saying it has, and to establish legitimacy crypto currencies need to establish and maintain a public marketplace. But it only takes a few bad actors to make a legitimate system corrupt. Crypto markets do create some obvious hazards on that front.