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Comment by seibelj | Hacker News Reader

In Boston, there is an area called Mass and Cass which is full of drugs users. Crime is endemic as well as rape and overdoses.

https://www.bostonglobe.com/2021/10/06/opinion/everyone-want...

This exists without anyone ordering their drugs in the darknet. Not sure why crypto is called out for drug problems.

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Since that area already exists in Boston, I guess we should do not anything about illegal drugs sold over the Internet.

Something tells me the amount of drugs purchased with fiat currency is exponentially more than the amount purchased with cryptocurrency.

Are we suggesting removing cash because it’s used to buy drugs? No.

exponential in what?

> Something tells me the amount of drugs purchased with fiat currency is exponentially more than the amount purchased with cryptocurrency.

In raw numbers? Sure. Everyone uses fiat and nobody uses cryptocurrenices.

If you compare percentage of transactions, though, cryptocurrencies are almost all illegal transactions.

Rookie mistake comparing raw numbers and not percentages.

> cryptocurrencies are almost all illegal transactions.

Citation needed.

This argument was potentially accurate as late as 2015, but given the fact that Bitcoin is so much easier to purchase and is considered an investment, I think you’re seeing the lawful and legitimate use of Bitcoin much more than for illegal purposes.

If your next argument is, “Not every Bitcoin transaction is for illegal purposes but every illegal transaction uses Bitcoin”, the same could be said of cash.

How could you possibly have enough information to claim that "almost all" crypto transactions are illegal? As someone who works in crypto, I find this claim highly dubious.

We should: just make them all legal

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