Post
Topic
Board Economics
Re: As Altcoin Popularity Grows So Does Crime; Is Regulation Keeping Up?
by
Tankdestroyer
on 09/05/2018, 06:30:18 UTC
Here's a nice read on the growth of cryptocurrency vis-a-vis the attacks that seem to hinder it also:

"Since they first hit financial markets, and moreso as their popularity expands, cryptocurrencies—specifically the decentralized digital technology that underlies alt-currencies—have also been a lure for individuals looking for an efficient way to hide their identities, activities and illegal financial transactions. Even as the number and types of tokens proliferate, certain alt-currencies have also become the aiders and abbetors of criminal activity, darkside coins if you will."
It really doesn't hinder cryptocurrecy, it's just that some people are afraid to try out decentralized online currencies, or what we call cryptos because they have been used to using centralized mode of payment. What also hinders crypto is the fact that it can only be used when there is an internet, which some people doesn't have access to. What needs to be figured out for now is how cryptocurrencies can be used offline without needing the internet connection.