3 reasons why Bitcoin and other crypto currency should be banned asap.
I give 3 reasons why people should not fall into the crypto currency mania and ideally all crypto currency should be banned forthwith.
Reason-1
All cyber criminals and terrorists use crypto currency to avoid being tracked and identified. Regular currencies have strong built-in fraud and anti-money laundering systems to catch criminals. No such protection is available for crypto currencies so it is funding all types of criminal enterprises. Do you like to support criminals who may harm us at some point?
Reason-2
Good luck if you are keeping any money in crypto currency wallets or accounts. Cyber hackers are getting increasingly expert in stealing money from unsuspecting crypto users so you may find your retirement nest egg of $1million show up as $0 one fine morning and there would be no way to figure out who stole it from any of the places like Russia, China, Nigeria etc. and good luck trying to get it back. If you don't believe just google some of the recent “crypto currency theft”.
Reason-3
Electricity wastage in crypto mining. Lots of these bitcoin miners are wasting millions of watts of electricity every day which is adding to the global warming carbon emissions. Stop supporting these stupid miners to help reduce global warming.
REFERENCE:
Data: Crypto scams, hacks cost investors $14 billion in 2021
