Post
Topic
Board Bitcoin Discussion
Re: Bitcoin could destroy economy
by
AniviaBtc
on 27/10/2020, 07:04:01 UTC
* funding terrorist,
* money laundering,
*kidnap for ransom using bitcoin, and etc,
Bitcoin has always been pointed out to have used ONLY for these criminal acts.

What do you say about fiat? is it an exception for these activities were in fact even bitcoin was launched, these acts have been always there. And they were funded and made done through fiat/cash.

Bitcoin is money and the same as fiat could be used for good and bad. Let's remove this idea that bitcoin was only made solely for these acts.

No matter what you said about bitcoin, Fiat is still the most used currency in criminal acts that are recorded in history. It is much more used by criminals, hackers, and scammers especially that it is the most used in many transactions compared to bitcoin that only circulates in a digital world. Bitcoin can be also used in a criminal act but it is much lesser compared to fiat that can happen in any places and circumstances.

Right now, bitcoin is already used in a lot of aspects and it can be used for economic growth, but a lot of people are using it in a wrong way.