“”No, just no, like hell no. Ransomware demands, stolen database transfers, PLA drug manufacturers, arms, yachts, cars, people, that list is endless.”
Compared to how many people use dollars, that list is infinitesimal.
Normal humans don’t use bitcoin to buy stuff. Not only that but one of the original selling points of Bitcoin was that the transaction would be settled in seconds and would be free. Well it’s not free and it can take hours and even a day to get the transaction processed. With Zelle I can truly get the transaction in seconds and for free.
So yes, the users of bitcoins are the ones avoiding the revenuer or the sheriff... and the collectors.
My bank also offers Zelle for free (in the USA), but I have never needed to use it.
Zelle is owned by seven major USA Banks.
More than 80% of USA bank accounts can connect to Zelle.
The problem with Bitcoin is that no one knows how many are still active and have not been lost.
If you do not know the number of Bitcoins in circulation, how can you ever create a stable value?
I am also thinking that quantum computers will be able to test millions of Bitcoin passwords per minute and locate all the dormant accounts, thus destroying the current price.
You're making a fallacy sui generis.
$USD in circ is $2.4T.
The market cap on BTC, as measured in $USD, is almost exactly half that amount.
BTC is not a preferred currency in the US because we are the home of the Dollar.
But an 6-bedroom apartment in Beijing's CBD? Or a 7-bedroom mansion in HK's Mt. Nicholson? Or an iron-front faced heritage house in Singapore's Emerald Hill? Bought with BTC, or BTC converted into anything but $USD.