Post
Topic
Board Bitcoin Discussion
Topic OP
Will cryptocurrency create peer-to-peer transfer problems in the future?
by
Roser bouce
on 23/04/2024, 19:10:56 UTC
The positive side of cryptocurrency Peer to Peer Transfe.I can send you money directly without any middleman. It is a positive thing. But it can be a negative thing because if I send the money directly. In that case, if you have any illegal intentions or if I have any terrible bad intentions, then I can take the money directly from you. If there is a bank in the middle you can get your money back in many ways. When you send money directly, there is no possibility of getting this money back. This is why hackers say bad things are happening.Bitcoin is now the most popular thing or cryptocurrency in general among people in the criminal world. If it is a peer-to-peer transaction through cryptocurrency, it is a big deal. Once sent, there is no way to get it back and it is very difficult to trace. When opening a normal bank account, the account is opened with your name and your parents' names. So it is very easy to find out who sent and who received money. When I open the wallet and do the transaction in Bitcoin. Actually, no information has to be given while opening the wallet. This is because I am not opening an account by filling any information or any form. When I am receiving or sending bitcoins, I can see who is sending the wallets. You can see which account is going from which account. But it is very difficult to find out who is the owner of that account. This is a negative aspect of Bitcoin.