Crypto

Columbia Law Professor Labels Bitcoin as a “Crime Tool”

Scholars often do not take kindly to innovation, particularly in the financial sector. A recent “paper” by a Columbia Law professor only confirms this bias.

It is not the first time a university professor tries to bash Bitcoin.

Not Everyone Gets Bitcoin

Nor will it be the last time either.

A lot of people lack the necessary understanding to look at cryptocurrencies without bias.

As can be seen in this recent paper, it is evident that the bias is very strong.

Claiming how only criminals use Bitcoin is an opinion best left in the previous decade.

Several reports have come out to confirm criminal activity represents a small fraction of Bitcoin activity. 

Related Post

Why a law professor would put together such a biased document, is rather baffling.

Given the success of Bitcoin in recent years, one would expect a more neutral tone.

Unfortunately, there will always be those who oppose this concept simply because they can’t understand nor control it.

Even so, everyone is entitled to their own opinion regarding any topic.

Sharing those opinions with the public paves the path to enlightenment.

Bitcoin has proven to be very different from anything society has seen before.

It doesn’t have a steep learning curve but it does require entering with an open mind.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Vitalik Buterin Reconsiders Ethereum’s Core Role, Says Data Availability May Matter More Than Smart Contracts

Discussions around blockchain technology often place smart contracts at the center of everything. But recently,…

1 day ago

XRP ETFs Pull About $1.4B Inflows as Retail Investors Lead Demand, BlackRock Launches Ethereum Staking ETF

Interest around crypto exchange-traded funds (ETFs) continues to grow, and new data suggests that XRP-related…

1 day ago

Ledger Researchers Reveal MediaTek Flaw That Could Expose Crypto Wallets on Android Phones

Security researchers at Ledger say they have uncovered a serious vulnerability affecting Android smartphones that…

2 days ago

CBI Arrests Darwin Labs CTO In $790M GainBitcoin Crypto Fraud Case

India’s premier investigative agency, the Central Bureau of Investigation, has arrested Ayush Varshney, the co-founder…

2 days ago

Changpeng Zhao’s Net Worth Jumps To $110 Billion As Binance Rebound Pushes Crypto Mogul Higher On Global Rich List

The personal fortune of Changpeng Zhao, widely known in the crypto industry as CZ, has…

2 days ago

Starknet Introduces STRK20 To Bring Built-In Privacy To ERC-20 Tokens

The team behind Starknet has introduced a new token standard aimed at solving one of…

3 days ago