Bitcoin has been closely associated with crime since pretty much
the beginning in the early days. It was the
currency of choice on the dark web used in drug
deals and even a murder for hire plot. In
more recent years, it's been what hackers have demanded
when they've held pipelines, hospital systems and meatpacking plants
hostage. And then they have been the hacks October
2022 is on track to see more crypto stolen in
hacks than any other month this year and 2022 is
on pace to be a record according to chain analysis
but is Bitcoin actually good for crime since all transactions
are public on the Blockchain, everyone can see Bitcoin
move on the Blockchain and governments and other organizations are
getting better at recovering stolen Bitcoin. Plus it's not
actually that easy to launder Bitcoin to turn lots of
it into real usable money. This raises an important
question. If Bitcoin isn't good at crime then how
can it live up to its promise as a stateless
currency that could allow people in oppressed areas to transact
with one another without a regulator seeing what they're up 00:01:02.960 --> to