The U.S. government has been eyeing and demonizing bitcoin in vain. Bitcoin isn't the currency of choice for misuse. With that said, bitcoin can fly under radar- both the U.S. government's and terrorists'.
See article: "U.S. Gov’t Is Monitoring Crypto, But Bitcoin May Fly Below Radar" on bitcoinist.com
Government-Counterpart Admits to Monitoring Cryptocurrencies
Cryptocurrencies users look for means to exchange money in a fast, secure and anonymous fashion. And so do terrorists and criminals. Cryptocurrencies carry a real risk- when it is capable of providing absolute anonymous terrorism funding.
CSRA Inc., which works closely with the U.S. Department of Homeland Security, has confirmed that the U.S. government was monitoring bitcoin's progression since its initial development.
Adding to that, the U.S. government is not against cryptocurrencies invention in entirety. The U.S. government agencies seek only to disrupt cryptocurrencies with absolute anonymity- However, none has been found thus far. (Hmm...None... What about M & Z?)
Pic Credit
Pic Credit
Hence pseudonymous bitcoin can now scale in peace as it flies under government's radar.
Bitcoin Is Not the Currency of Choice for Terrorists and Criminals
The nature of pseudonymity of the public ledger would not attract terrorists and criminals to use bitcoin. But guess which mediums will?
Pic Credit
Ironically, the highly regulated financial intermediaries topped the list.
Therefore, it seems like the U.S. government has been barking up the wrong tree all these while.
Pic Credit
If only careful research were in place before demonizing bitcoin on the mainstream media. Then more people would benefit from bitcoin invention earlier.
Find out more about EU's governors plans to conduct random checks on cash, precious metals transfers, and shipments of prepaid cards between countries in the article.
End
Knowing that no one pleases everyone and there is a flip side to every coin, including Bitcoin. Whether you agree, agree to disagree, or the opposite, do not just take my words for it, be sure to look it up.
Thank You SteemVerify