Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is not to banned or rejected
by
pooya87
on 03/11/2018, 04:47:39 UTC
There are various reasons and risks from Cryptocurrency including:
1. As in the form of digital assets, it is easily misused for financial system crimes such as money laundering.
3. Crypto assets have the potential for financial crime (fraud), security violations and operating failures.
these two are the same. and are wrong. it is much harder to use cryptocurrency as a means for illegal activities because of lack of adoption and also lack of anonymity for bitcoin and most others. not to mention volatility that people always ignore when it suites them.

But wouldn't that change 180 degrees once we reach a greater adoption of both cryptos in general and LN especially for BTC?
I don't see BTC for a solution for money laundering but for taking bribes or undeclared payments it's almost perfect.
Nothing special, of course to at the scale of normal fiat but we shouldn't fool ourselves in believing it's not done.

there is no difference between one illegal act and another. whether they are accepting bribes or laundering money or buying drugs,... in all cases bitcoin is not anonymous and can be traced. and it is a matter of comparison. for example would you prefer being bribed in cash or in bitcoin when cash can never be traced while bitcoin can! not to mention the public ledger for all the world to see Cheesy

what do you mean by "clear system"?
            Firstly I would say sorry for my English, I am trying my best for it. "Clear system" I mean that official laws or regulations of the use Cryptocurrency that can anticipate and avoid from fraud. And these for safety and pleasure of investors and users.

that would require centralizing the system for the "laws" to work. and that is never going to happen.