Bypassing financial regulations, extortion, llicit substance trade and many other forms of small-time illegal activities. If you strip speculative value and all the technical gloss, what's left is essentially Liberty Reserve 2.0.
P.S. Fees has actually got lower since the worst back in May, but there is no telling it won't happen again. Paying for anon hosting is not a bad idea but fewer providers are willing to provide it now - Vultr still accept bitcoin but require to have credit card on file as well due to abuse.
https://en.m.wikipedia.org/wiki/Liberty_Reserve
P.S. Fees has actually got lower since the worst back in May, but there is no telling it won't happen again. Paying for anon hosting is not a bad idea but fewer providers are willing to provide it now - Vultr still accept bitcoin but require to have credit card on file as well due to abuse.