$BTC & $USDT & the criminal cartels that pump the prices of BTC while laundering out real fiat profits through their exchange partners. While tax evasion & general financial malfeasance is problematic enough, one has to wonder what else is occurring with the laundered funds ..1/
Despite the romantic, libertarian view of Bitcoin subverting the oppression of the centralized fiat economy, in reality, the backers were also engaging in drug smuggling, assassination markets & human trafficking. 2/
While some of Bitcoin’s ideology of civil disobedience & the hope of building a shining new economy upon the distributed ledger was exciting for a time, the Bitcoin Civil War side-tracked the project heavily. 3/
Once Dread Pirate Roberts and The Silk Road was closed down, nastier websites emerged, and so too did some of the shadiest venture capitalists in the world — necessitating the split of the Bitcoin protocol away from the BTC economy in 2017. But this requires some context. 4/
Unfortunately, in the era spanning 2014-2016, venture capitalists created media entities such as CoinDesk & Cointelegraph, development groups such as Blockstream & MIT Digital Currency Initiative, exchanges like Coinbase & Bitfinex, 5/