I don't see anything here about schumer 'bashing' bitcoin. What he says (in the source linked to by this article) is:
> "It's an online form of money laundering used to disguise the source of money, and to disguise who's both selling and buying the drug"
From the article, it's not clear what the "it" refers to; while it's possible it refers to bitcoin in general, it sounds more to me like he's talking about the use of bitcoin on silkroad, in which case I believe his statement is completely factual.
There's really not much remarkable here about bitcoin other than its appearance in a statement by a prominent senator and mention in a mainstream news article. If you accept that the government should be able to regulate or outlaw the drug trade, there's nothing remarkable here at all. I recognize that there is a significant population here who might think that drug sales and use should not be regulated, but the majority of the American public does not agree with you.
>From the article, it's not clear what the "it" refers to; while it's possible it refers to bitcoin in general, it sounds more to me like he's talking about the use of bitcoin on silkroad
Knowing what Bitcoin is and what money laundering is is enough to tell you that he's talking about Bitcoin, not Silk Road.
Legit business can and often are used to launder money, but a drug market cannot.
I never said I thought "it" referred to silk road. "It" clearly refers to the use of bitcoin. What's unclear is whether "it" is "all uses of bitcoin" or "the use of bitcoin on silk road."
> "It's an online form of money laundering used to disguise the source of money, and to disguise who's both selling and buying the drug"
From the article, it's not clear what the "it" refers to; while it's possible it refers to bitcoin in general, it sounds more to me like he's talking about the use of bitcoin on silkroad, in which case I believe his statement is completely factual.
There's really not much remarkable here about bitcoin other than its appearance in a statement by a prominent senator and mention in a mainstream news article. If you accept that the government should be able to regulate or outlaw the drug trade, there's nothing remarkable here at all. I recognize that there is a significant population here who might think that drug sales and use should not be regulated, but the majority of the American public does not agree with you.