Bye-bye, Bitcoin: It's time to ban cryptocurrencies

Besides the high cost of transactions, price volatility, inability of crypto currency to be a currency without fiat, enormous electrical power requirements, high technology dependence, needing two utilities to work, losing to exchanges running off with your money, losing to media destruction, use in fraud, use in extortion, and celebrities manipulating your money, is there anything really wrong with it?

How, exactly, would this be achieved? You'd have to filter every internet packet looking for bitcoin transactions and, as soon as you start doing that, someone will figure out how to bury them so your snooping doesn't work and Bitcoin will go right on running.

One may not like decentralized currencies (and I certainly don't like the scammy ones and the crappy exchanges) but that first word in their name makes 'em really hard to stop.

y a w n .

> I’ve never quite understood why cryptocurrencies are worth anything.

Is this 2014?

> Of course, the untraceable payments are worth a lot to ransomware hackers, cyber criminals and money launderers.

Oh, like cash then.

> But dollars, euros and yen are backed by nations’ respective treasuries.

Oh you sweet summer child.

And this is just the first couple lines.

> It's time to ban cryptocurrencies

Translation: 'I actually have no idea what cryptocurrencies are, or what I am talking about'! Ban them all anyway!

Still waiting for your grandmaster plan on banning every. single. cryptocurrency.

Good luck. /s