I’m going to address Bloomberg’s actual points — few and far between as they may be. Some of the responses last time were that I engaged in a lot of “ad hominem” — guilty as charged, I can’t help but insult this guy and fake-experts like him .
Criminal benefits are unavoidable. All systems, including modern banking, have criminal or at least highly immoral components. What Bloomberg doesn’t seem to realize is that cryptocurrencies minimize this problem — it’s actually pretty hard to launder large amounts of Bitcoin into cash without at least being checked on by the powers that be, and the immutability of the Blockchain means that the details of your crimes are a matter of public record forever.
Read the entire article at https://medium.com/@malcolmrosegaming/stupidity-drives-jason-bloombergs-irrational-response-to-internet-trolls-4796fcaadee0.