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GhoulSlayer

The light and the dark side of Cryptocurrency

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Cryptocurrency was started as a means to buy and sell through the internet. Once blockchain technology was released to the world it opened up the buying and selling worldwide and for anything, whether legal or illegal. Law enforcement has been busy trying to follow this trend because of the dark web. The selling of human trafficking to real underworld activities began.

But there was also the light side of cryptocurrency where one could buy goods for instance, real estate, food, clothing and not have anyone know what you are buying. No tax, no paper trail. Sounds like the good ole' days of the 1800's when there was still free enterprise, where one was free to buy and sell under their own terms.

What do you see as the future, good and bad, coming from cryptocurrency?

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Well, the good side of crypto is we all know that this is the source of money some how, and the bad side of crypto is the fluctuation of it, its because the price of bitcoin in every hour it can be higher or lower.

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In my opinion the best side resides in its potential to gain more value in the future for example if you have 10k usd of btc now, you may have 20k or 30k within some years.

The worst side is its use in illegal activities : financing terrorists, money laundering...etc

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8 hours ago, GhoulSlayer said:

Cryptocurrency was started as a means to buy and sell through the internet. Once blockchain technology was released to the world it opened up the buying and selling worldwide and for anything, whether legal or illegal. Law enforcement has been busy trying to follow this trend because of the dark web. The selling of human trafficking to real underworld activities began.

But there was also the light side of cryptocurrency where one could buy goods for instance, real estate, food, clothing and not have anyone know what you are buying. No tax, no paper trail. Sounds like the good ole' days of the 1800's when there was still free enterprise, where one was free to buy and sell under their own terms.

What do you see as the future, good and bad, coming from cryptocurrency?

The good side with the bitcoin is that you can it free through posting in the forum (eg. Bitcointalk, Cryptotalk), faucets, and mining. And it deals a great price.

The bad side is that the price is unstable which will go whether ups and downs fast and which is difficult to predict. 

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I think we have more benwfits than the problems in using cryptocurrencies. before inventin crypto, people also did bad works same the present.

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On 11/9/2019 at 11:48 AM, Black king said:

It has the good side and the bad side,the good side is that it is use by most if the people and also the bad side of it is that it can be use for Illegal activities and I fear that

well Bitcoin should not be made illegal by nations just because it is used by criminals. Well there is a point to be made that the anonymity of Bitcoin makes it a favorite among criminals. In fact, there has been an increase in ransomware attacks in recent years, as outlined in the graph below.

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I personally think everything has two sides of it like a coin. There is always right and wrong. It's important that we know what to use it for. and I think the future of cryptocurrencies is both good and bad.

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On 11/10/2019 at 4:46 AM, izDazma said:

The bad side is that the price is unstable which will go whether ups and downs fast and which is difficult to predict. 

Do you want a stable price of bitcoin? If there is no movement of price then bitcoin won't be special for us because we can choose fiat for these features.

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On 11/9/2019 at 10:12 AM, GhoulSlayer said:

Cryptocurrency was started as a means to buy and sell through the internet. Once blockchain technology was released to the world it opened up the buying and selling worldwide and for anything, whether legal or illegal. Law enforcement has been busy trying to follow this trend because of the dark web. The selling of human trafficking to real underworld activities began.

But there was also the light side of cryptocurrency where one could buy goods for instance, real estate, food, clothing and not have anyone know what you are buying. No tax, no paper trail. Sounds like the good ole' days of the 1800's when there was still free enterprise, where one was free to buy and sell under their own terms.

What do you see as the future, good and bad, coming from cryptocurrency?

Cryptos gained notoriety, and governments startd to turn their eyes on its market and the userbase. The logical response from them is start passing laws about crypto use, and of course, taxes. Crypto will be regulated sooner or later by the governments and their dark side use will be erased.

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The light site is it's future of our crypto for early adopters and now also and when many people comes for crypto this time will our and Dark site is many scam happened every day and still going on everyday launch a new cloud mining site and ICO and other scam project and centralised exchange hack but we need save our funds from this scam

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On 11/9/2019 at 8:12 PM, GhoulSlayer said:

Cryptocurrency was started as a means to buy and sell through the internet. Once blockchain technology was released to the world it opened up the buying and selling worldwide and for anything, whether legal or illegal. Law enforcement has been busy trying to follow this trend because of the dark web. The selling of human trafficking to real underworld activities began.

But there was also the light side of cryptocurrency where one could buy goods for instance, real estate, food, clothing and not have anyone know what you are buying. No tax, no paper trail. Sounds like the good ole' days of the 1800's when there was still free enterprise, where one was free to buy and sell under their own terms.

What do you see as the future, good and bad, coming from cryptocurrency?

crypto currency have so much light side and so much dark side mate... you can safe your real money into crypto and you can increase you money also into crypto.. crypto currencies dark side are more.. so many people don't believe in crypto cause it's virtual coin that's why no one want's to believe on it.... and if you don't use proper way to wallet or translation then you will loss your whole money...

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It is predictable that cryptocurrency has two sides. I think there is nothing to be done about it, since the blockchain gives anonymity and the possibility of illegal transfers that the authorities can not track. As for me, the benefits of cryptocurrency cover all its shortcomings.


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1 hour ago, meowmeow said:

The good side of crypto is the benefit of it to those other people in terms of transaction. We all know that crypto will for surely improve the transaction of the country. The only dark side of crypto is it can be used to buy illegal weapons anonymously.

Well, there has many dark side of cryptocurrency not only on that, this is also use by the terrorist for buying some equipments for making bombs etc.

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Just like the mob has found loopholes in fiat currency, meaning how to make money without claiming it, so will happen if crypto ever gets centralized. Criminals are clever and they find ways to steal your stuff. In crypto it could be the scam of tricking someone into opening a wallet for them or giving you a false exchange.

On 11/9/2019 at 2:19 PM, CryptoDealHunter said:

Like anything there is is a good and bad side and I fear the bad side is overtaking the good. Crypto currency is an interesting concept but with it being unregulated the market value is all over the place. Not where I would choose to put my money. I always viewed the block chain being the fare greater value than the currencies that ride on it.

In today's world where privacy is being invaded from every angle crypto currency is vulnerable to being outlawed if any large government desires to make it so.  Couple that with stigma that anyone buying products or services is seen as trying to hide something. People buying drugs, human sex trafficking, including children along with all the boogeyman stories being told that involve people buying things with their crypto. If for some reason a citizen is being investigated by any authority you can be sure they're going to have suspicions if there is a crypto currency involved. 

I think for most here its about selling and buying in order to make some money. And to that I say, have at it. For me? I see it as a red flag that draws unnecessary and unwarranted suspicion .

You are right that the blockchain holds the most value. If someone is messing with it, it's a bad sign.

Legit companies with secure wallets & exchanges are vital to weeding out the bad from the good. Blockchains hold all transactions for full view, thus creating a paper trail.

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On 11/9/2019 at 7:12 PM, GhoulSlayer said:

Cryptocurrency was started as a means to buy and sell through the internet. Once blockchain technology was released to the world it opened up the buying and selling worldwide and for anything, whether legal or illegal. Law enforcement has been busy trying to follow this trend because of the dark web. The selling of human trafficking to real underworld activities began.

But there was also the light side of cryptocurrency where one could buy goods for instance, real estate, food, clothing and not have anyone know what you are buying. No tax, no paper trail. Sounds like the good ole' days of the 1800's when there was still free enterprise, where one was free to buy and sell under their own terms.

What do you see as the future, good and bad, coming from cryptocurrency?

Dark side is the crypto that if someone exchange will close and we invest good money to that exchange because when the exchange will be closed our all money is gone and the bright side is just that when we invest our money in a coin and that will pump so much and our money is greater than 10 times.


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The goods side of crypto you can earn money here, but that depends on your knowlegde and decision making's

The bad side however is some people use crypto in some illegal activies.

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Indeed there is a dark and light side to crypto. The grass isn’t always greener on the other side. If your are a newbie to crypto take notes. It’s all Rosie expect to have gains and losses. I’m sure everyone has a picture in their heads that they gonna hit the jackpot trading crypto. Always think there is the other option where you can also lose everything trading crypto. Thanks for sharing. 

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Well for me everything has light side and dark sides. By the use of crypto, you can provide for youself for your everyday life while it is sad to think that crypto is also using in illegal action of some people.

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Every things have light and dark side.Cryptocurrency has also light and dark side.But light side more than dark side.Crypto currency can change our life.It is great revolution of digatal world.     

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There's always a negative and positive aspects on Bitcoin,whatever it is there's always frauds,scams,hacking just like fiat and even corruption.The world is full of circumstances that is why it's all in our hands how to stay away from those negativity.

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What i see is good things coming through crypto way, there will be no taxes which the government use in Makin more money. Crypto is a freedom to all

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On 11/9/2019 at 10:28 PM, Rg123 said:

Well, the good side of crypto is we all know that this is the source of money some how, and the bad side of crypto is the fluctuation of it, its because the price of bitcoin in every hour it can be higher or lower.

I agree, It is actually challenging and problematic for the investors if the bitcoin is having a rise and fall value. Having Illegal actvities on this activity is one of its dark side. On the other hand, I agree to you that this can be a source of income, that is why I join on this industry since I wanted to have an extra income because I was still a student.

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Any thing has good and bad side, I guess bitcoin is good because he solves many financial issues in our lives, and the dark side is that in the present time they used him in online scamming especially computer viruses 

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bitcoin is like a double-sided knife, many people liken that sentence. I just saw that cryptocurrency is a currency with easy and fast transactions on a global scale. However I see it depends on the nature of crypto or bitcoin users. As you said there is a dark side and a light side to crypto that can be utilized.

 

Note: not paying for tax is a dark side too.

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On 11/15/2019 at 2:24 AM, nasipadang said:

bitcoin is like a double-sided knife, many people liken that sentence. I just saw that cryptocurrency is a currency with easy and fast transactions on a global scale. However I see it depends on the nature of crypto or bitcoin users. As you said there is a dark side and a light side to crypto that can be utilized.

 

Note: not paying for tax is a dark side too.

When we buy things using fiat currency we pay plenty of taxes, IMO. I get some taxes are a way to pay for roads & infrastructure but beyond those taxes have taken over peoples livelihood. We all know we are over taxed and crooked politicians are not using taxpayer money as if it were being from their own pockets. I like that crypto is not being taxed, is untraceable and gives people some invisible presence. Unfortunately it has the dark side of use for illegal activities.

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