“In fact, cryptocurrency is the playground of criminals revelling in the anonymity.”
Oh, so HSBC's constant money laundering for the drug cartels, and the major banks having a direct hand in the global financial meltdown (Barclays just got fined a nice wad for their involvement... So all these "legit and venerable" banking institutions do no wrong?
Comon you self protectionist dinosaur. You have NO idea of the size of the creek, you and your buddies, will soon be finding yourselves, armed with only a cardboard paddle.
While I agree the commentator in the article is completely off the mark, crypto currencies is way above the understanding of the average man in the street (me).
It's a bit like gold, but just doesn't exist physically, and only is worth what someone is willing to pay for it. You can mine it like gold. It doesn't have growth beyond capital growth, no intrinsic value. It doesn't have any underlying assets backing it. A fiat currency technically has it's state behind it.