[liberationtech] The bitcoin terrorists of Idlib are learning new tricks

[Richard Brooks]

On 5/23/21 11:55 PM, Phillip Hallam-Baker wrote:
> On Sun, May 23, 2021 at 10:41 PM Travis Biehn <tbiehn at gmail.com
> <mailto:tbiehn at gmail.com>> wrote:
> 
>     "There is much more that could be said on the immorality of criminal
>     currencies but the verdict is clear: These are despicable instruments
>     being peddled by despicable, greedy people who cloak their immorality
>     with fine talk of 'freedom' and vicious personal attacks on anyone who
>     dares tell the truth."
> 
>     Buying marijuana was just one of the 'immoral criminal and despicable'
>     uses for 'criminal currency'. Soon we'll be able to use US dollars to
>     buy pot from Philip-Morris.
> 
> 
> I didn't mention cannabis specifically, and given that it is legal most
> places and not difficult to get most other places, that is clearly not
> the bulk of what I was referring to when I said 'Not unless you want to
> buy drugs, images of children being raped, collect ransomware extortion
> or evade exchange controls'
>  

Actually, in the US, cannabis is legal in some states, but illegal
federally. This means that cannabis businesses have difficulty
getting bank accounts and can not engage in inter-state commerce.
Rather than stockpiling physical cash, many of them have moved
to cryptocurrencies for legitimate business practices.

https://app.qwoted.com/opportunities/event-5th-semi-annual-crypto-cannabis-conference-2018

Many of the anti-crypto arguemnts also work against cash, and are
why many countries (and the EU) try to limit the supply of large
denomination currencies.

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