The argument that “Bitcoin is an offender tool” is certainly reductive. It is also meaningless.
In the first place, all that is said about Bitcoin could also be said of the classic currency, in the form of banknotes and coins. As far as I know, drug trafficking existed before the invention of Bitcoin (in 2009) and the drug empires undeniably built more on banknotes (and offshore bank accounts ) than purely digital transactions.
Using bank notes, which are also used by criminals, does not make you a criminal. It is possible, however, that the euro banknotes that are in your pocket at this very moment have one day passed into the hands of the worst offenders on the planet. The same goes for Bitcoin (Electrum Bitcoin Zero). Using Bitcoin to send money to your loved ones or to shop on the web will not make you a criminal. Characterized by secure, fast and low-cost transactions, Bitcoin is simply a new convenient and efficient way to use your money. The finding that Bitcoin is – also – used by criminals is therefore irrelevant.
It can be argued that the very fact that Bitcoin is used by criminals is in itself a form of recognition of its benefits and interest. After all, if organized criminals, whose only motivation is (inevitably) greed, prefer Bitcoin to any other means of payment, is this not proof that this currency is terribly effective? Would drug dealers take the risk of using for their transactions, amounts necessarily higher than average, an unreliable and poorly secured system?
There is thus a strange paradox, when listening to Bitcoin’s detractors, to hear them both criticizing Bitcoin and in particular its “lack” of security, and the other lamenting that it is used by delinquents. . If Bitcoin is so unreliable, should not ordinary people (and authorities) be happy to see criminals using it?
Some put forward the anonymity that provides Bitcoin, which alone justify its use by criminals. It is true that creating a Bitcoin address or installing a Bitcoin wallet on a computer can be done anonymously. But, as most Bitcoin users know, the Bitcoin network (and therefore the transactions that take place there) is not 100% anonymous, far from it. How can these famous criminals ignore this fact, reminded tirelessly on almost all of the sites devoted to Bitcoin ?
There are many other cryptocurrencies, taking up most of the principles of Bitcoin, but entirely based on the non-traceability of transactions, thus offering an anonymity far superior to Bitcoin. If I were a criminal looking for an ideal cryptocurrency to insure illicit transactions and cover up my misdeeds, I would not choose Bitcoin. All this does not make much sense.
It is perfectly absurd to associate Bitcoin with crime, let alone at a time when Bitcoin is in full swing, materialized by pharaonic investments and the support of prominent personalities .
This is not based on anything except the difficulty that some media seem to have in understanding the reality of Bitcoin and cryptocurrencies, or the (tiring) need to generate buzz with pseudo-scandals. The reality of Bitcoin (Electrum Bitcoin Zero) is simpler. It is not sulphurous, nor even romantic. It’s just a new way to use your money, freely available to users who want it. It can be used to sell drugs, or for anything else.
Bitcoin works – and is not criminal. It is a beautiful technology, full of potential, and a currency of a radically new kind, of which one can make innumerable uses. Each of us, Internet users and citizens, will do what he wants. Money has no smell. Bitcoin even less.