Time to Slam the Door on Cryptocurrencies?

The revelation that the GRU used cryptocurrencies to facilitate and hide their hacking into the US 2016 election is one more reason to consider shutting them down.  Cryptocurrencies exist because some clever computer guys figured out how to use cryptographic principles to hide transactions.  Unfortunately, the principle applications are criminal: money laundering, tax evasion, and financing illegal operations like spying, sabotage, and terrorism.

There are a variety of good reasons why governments seized control of money, and we now have some more.  Aside from the previously mentioned benefits, banning them would save hella electricity.


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