Quote from: crypticj on April 02, 2023, 01:28:10 AM

Hello crypto bros.
Today I want to discuss a pretty big problem that bitcoin adoption is facing.
Bitcoin is great in means of anonymous transactions and getting away from the banks and government control, but the problem is, it's the exact problem why criminals are using it. And it's a pretty big one. I'm not saying that criminals use bitcoin more than fiat, but we all can see that illegal services are widely accepting bitcoin.

The problem here is that the system should have some way to fight these criminals because we don't want bitcoin to be associated with drugs and sex trafficking, but the problem is, by solving these problems we should get rid of anonymity which is a pillar for the bitcoin technology, so it can't be done. And this problem might be a big obstacle in mass bitcoin adoption and regulations that are coming.

So I want to hear your opinion: how to make bitcoin technology "safer" so we could fight a crime committed with crypto and help with bitcoin adoption without taking away the main features of bitcoin like decentralization and anonymity?

As Bitcoin gets more popular, folks are getting more worried about its ties to criminal activity. Bitcoin's anonymity is cool, but it also attracts some unsavory characters. That's got us wondering how we can stop illegal stuff without losing the privacy and decentralized nature of the tech.

One idea could be to make a system that allows anonymous transactions but can still track illegal activity. Blockchain technology can make a public ledger of transactions that we can trace back to the source. That way, we can stop criminals from using Bitcoin to do shady things.

Another thought is to make some rules about Bitcoin and crime. We could make Bitcoin businesses put in measures like KYC and AML to make sure only the good guys are using the platform. To make Bitcoin "safer," we gotta find a balance between privacy and security. It's not easy, but it's gotta be done if we want Bitcoin to be a real currency.