Post
Topic
Board Bitcoin Discussion
Re: Bitcoin has nothing to do with crime
by
pinggoki
on 17/08/2023, 08:44:58 UTC
Bitcoin isn't inherently a privacy coin; rather, it stands as a genuinely decentralized cryptocurrency. Your level of privacy is determined by the measures you take to safeguard it, given that Bitcoin transactions are publicly accessible. If I possess your specific Bitcoin address, I can still trace your activities. Bitcoin's objective is to establish a decentralized payment system, eliminating the need for third-party intermediaries.
That's what makes bitcoin a stand out among the pile of shitcoins and competing cryptocurrency out there, it protects you but at the same time is flexible enough that you can still find the culprit if they use bitcoin as one of their implements to commit a crime. I like the idea of bitcoin being neutral but I also don't want criminals to use this to be able to get away with their crimes, it just seems so unfair and I believe that any crimes should be punished in a just manner but I do agree that it's not bitcoin we should blame because it's not the problem, the real problem is the incompetence of the cybercrime policing around the globe, they should already know that technology is innovating fast so they should never stop learning about the new ways that someone can commit crimes online.