Re: The anonymous structure of the blockchain technology encourages crime?
The anonymous structure of the blockchain technology is a breeding ground for criminal activities life money laundering, drug trafficking?
No, pseudo anonymity of Bitcoin does not encourage criminal activities. The fact that we are dealing with something that has value, gives it more incentive to be used for crime. Do not forget that Cash is more anonymous than Bitcoin. Criminals do not have to be encouraged to use anything of value for crime, they just do.
Bitcoin transactions are traceable on the Blockchain, under certain conditions, which makes using this for criminal activities a very stupid idea.
Very well said sir. Its just that criminals could receive their money online without the worries that someone could track physically. After all, all the rules and regulations that is implemented in every countries is to make sure that there are no illegal activities involve in using money that is why in some places, you should put where the money come from and where will it be used to get the remitted money.