Bitcoin is for money laundering drug and human trafficking profits. So, no thanks.
This strikes me as a much more interesting and humane innovation to the world of finance:
https://www.theguardian.com/world/2018/mar/23/hoe-street-central-bank-walthamstow-london-debt
@ekansa The vast majority of bitcoin txs are not for human trafficking, and it's plausible that the net effect of #bitcoin is that it facilitates freeing more slaves than it will cage, especially on large scales. As far as 'money laundering' goes, there is nothing wrong with financial privacy - it's a fundamental part of maintaining other forms of privacy in the 21st century. Privacy is humane, and though bitcoin is not as good as, say, zcash at providing it, to the extent it does is humane.
@jeffcliff you raise some fair points. I'm still skeptical of BitCoin for a variety of reasons, but I am interested in more just / humane financial systems, so open to experimentation.
@ekansa
> I'm still skeptical of BitCoin ... open to experimentation.
That's a good thing.
That said, not everyone involved in bitcoin is as interested as you and I are in humane financial systems, I'll grant you - and virtually every time we do make a transaction, even one to pay the rent, spending power travels to people who are less interested than we are. And even I am not the bright eyed idealist that I was in 2009. Maybe that trend will reverse, maybe it won't. But it is a trend.