What is Bitcoin (BTC)? Money? Currency? Security?

There was a recent statement, “Today’s arrests, and the Department’s largest financial seizure ever, show that cryptocurrency is not a safe haven for criminals.”

Brad Garlinghouse in response expressed: “To see a statement like this is incredible (and reaffirming to so many in the space using crypto for good), after years of FUD that crypto is only for criminals.”

Community Response:  Crypto is the most traceable currency in the world. This seizure is proof. Every criminal trying to use crypto to launder/hide money should be prosecuted fully, so regular people can use it and stand a half decent chance of not being on social security alone as we age and retire.  It’d ease demand on SS and senior services if more can pay our own way.

So, they are facing money laundering charges. The question here is:  What is Bitcoin? Money?  Currency? Security? It is clear that for the DOJ, Bitcoin is money or not?

Finally, I hope now you understand why Government and Banks want to ban crypto? Cause it monopolized criminal system.

Finally! I hope now you understand why Government and Banks want to ban crypto? Cause it monopolized criminal system.

Crooks would be better off using cash. Crypto actually is safer because of the public nature of the blockchain.

There is good and bad to absolutely everything in life. You just should outweigh the positives over the negatives. Ripple and XRP bringing financial inclusion to billions of unbanked people is bigger than some dumb money laundering.

Today Bitcoin Maxi’s lost another couple use cases: Anonymity and private keys doesn’t mean anything.

Guns are tools. Crypto is a tool. Tools don’t commit crimes. People do.

The best deterrent to criminal activity. A record that is immutable exists with all transactions. Criminals beware. Gold cannot offer this protection neither can fiat. In fact, you can illegally create fiat currency, but not crypto on the blockchain.

The USD is the number one currency used for criminal activity and will always be. But it’s a central bank issued currency and will always exist and force people to use it regardless of it being a currency used by criminals.

Agree, we have come a long way but what actually be amazing is if they actually return the funds to the original owners, or are they keeping them? If so, how different are they from the hackers the only difference – it’s they have a badge.

A copy to SEC and his Chairman so next time he address to Congress that crypto is more safe than FIAT and not the other way around.