Post
Topic
Board Bitcoin Discussion
Re: Dark side of Cryptocurrency
by
Oilacris
on 19/12/2020, 23:43:42 UTC
Cryptocurrency still rules the software market till date. Yet like a coin has two sides, cryptocurrency too has a dark side.Cryptocurrency is a form of digital currency which has no physical form. It contains of a block which has all the transaction details and a chain which secures the block forming a blockchain. As the transaction goes on, a huge network of blockchains form. We have various currencies across the globe.Unfortunately, a lot of different scammers launder money through cryptocurrencies and there is nothing to be done about it, since scammers have already gained experience of fraud in other areas before the cryptocurrency sphere, and in the cryptocurrency sphere, it is even easier for them to do dirty business, but you should not pay attention to it because there are various organizations trying to fight with scammers.


Anonymity does have two sides when it comes to benefit and of course it does have negative too depending on how the user would be using it out.

This had been known an issue thats why government cant just easily accept crypto due to that kind of feature on where they cant control everything.

To say that even fiat had been used in illegal purposes but these arent the real reason on why it do happen.They are indeed just tool and as long those criminal minds
do exist into this world then expect that this will continue to happen neither on engaging with centralized or decentralized platforms.