I am not going to start the whole “Bitcoin-What is it good for?” thing.
But when you write that it is just for drug dealers and money launderers you would like an old guy who recalls a news story from four years ago, and you recall it wrong.
And when you transfer money online from one account to another....that is done as a crypto currency. Do you think the Fed keeps paper money accounts with their banks?
You really should not make comments that are so inaccurate.
Crypto-currency and regulated electronic currency are not the same thing.
Look up the meaning of crypto-. It means secret or hidden. Muslims have a crypto-currency call Hawala that has nothing electronic about it that works in some ways like bitcoin.