Look, I get the concerns about crime and energy use—they're real problems. But banning crypto outright is like burning down the house to stop a mouse. The practical consequence is that you'd push the whole industry underground, making it harder to track illicit activity and impossible to regulate responsibly. We'd lose any chance to harness the legitimate innovation here—faster cross-border payments, financial inclusion for the unbanked, programmable money. A ban doesn't make crime disappear; it just makes it invisible. From a utilitarian standpoint, the net harm of a ban likely outweighs the harms of crypto left alone, because you'd destroy value for millions of regular people while doing little to stop bad actors. Why not focus on smart regulation instead? That's the ethical move—address the harms without sacrificing the freedoms and benefits.
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