[ExI] bitcoin used for nefarious purposes: was RE: quote for the day

[Adrian Tymes]

On Mar 24, 2016 11:20 AM, "spike" <spike66 at att.net> wrote:
> If the bad guys got away with this, they just demonstrated a means to
collect a ransom payment, and that leads di-freaking-rectly to all manner
of bad things happening and all governments everywhere outlawing all crypto
currency.

This is where your logic breaks down.

What does it lead directly to, that the government would object to, that is
not already being done in fae greater quantity and to more public outcry
with other currencies, particularly US dollars?

"All manner of bad things" is usually not something to panic about: if
better quantatization than that is not possible, then most likely, the
actual bad things that will happen are far smaller than they seem.

Also, since when do legislators and regulators respond to actual crimes?
They respond to public reaction.  Has this incident gained anywhere near
the media attention that the latest celebrity scandal has?  If not, then
the legislators and regulators will probably ignore it until and unless
such outcry is raised over something else.
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