The light and the dark side of Cryptocurrency

[Adam adam 276]

Everything in our world has advantages and disadvantages, and digital currencies have represented a financial revolution in our time and have given their users very beautiful things such as decentralization, and some may exploit them in illegal things and harm them, and digital currencies have no fault in that.

[bogdanoff 3173]

Some give too much importance on the dark web which is not where cryptocurrencies are used most. It is only a part that is very small and not significant and only discussed so much because governments try to put the blame on crypto for everything.

[Zafar123 906]

 

Since Bitcoin's inception in 2009, it's been connected to criminal activity from tax evasion to the dark web. While many user of cryptocurrency stick to legitimate transactions, the technology itself makes crypto perfect for crime. ... As governments crack down on illegal use of cryptocurrency, criminals are switch coins.

[Sykkuno 2887]

There are two sides in each coin, although the dark side in cryptocurrencies is not very often, it is just most a ploy to blame them to hide the inability of governments to trace the online criminals. 

[abdullah553 1981]

On 11/9/2019 at 4:12 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?

The good thing is I think that you can buy anything you want on the Internet or in life via cryptocurrencies, but there is a bad thing that no one will be able to discover theft or fraudulent operations after today.

[Abbas2.0 812]

Every thing has its Dark and Bright sides, crypto has dark side in order that it is used for ML money laundering and other illegal things but if it is regulated then it is more brighter than any othe asset in physical word

[Roarnoman12 621]

Look brother! There are always two sides of everything in this whole universe. We have to accept both to survive in our society. We have to look at the good side if we are involved in something. Like we are on this forum and we have to look its bright sides first.

[shawon12 335]

Thanks everyone.  crypto is an earning website.  By working here people can meet their daily needs and change their financial situation. And we can learn about many unknown things.  Many times the right price is not available.  Because the price of Bitcoin fluctuates daily.

[abd1992 960]

On 11/9/2019 at 4:12 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?

I think that there is no dark side, but that the sides are really bright. You will be able to work without any taxes or interference by the country in which you live. This will make a lot of people get money.

[Bruno52 1141]

I think that the future of crypto currency is looking very good because the people who use crypto currency to do illegal and bad things are getting caught and put behind bars as investigators use it to track these criminals and only the good side if crypto currency will remain.

[Donor 1451]

46 minutes ago, katri2 said:

We've taken away taxes and the crooked politicians aren't using taxpayermoney money as if it were from their own pockets. I like that Crypto is not taxed, not found and gives people some invisible presence. Unfortunately, there is a dark side to the use of it for illegals.  

You know that illegals do not need cryptocurrency to provide their businesses, right? It’s far more easier for them (and convenient, at least now) to use Dark Web and Tor.. You can find almost everything there while staying hidden. Fiat as well anonymous as crypto. 

[Teminali69 1081]

On 12/11/2020 at 11:06 PM, Bruno52 said:

I think that the future of crypto currency is looking very good because the people who use crypto currency to do illegal and bad things are getting caught and put behind bars as investigators use it to track these criminals and only the good side if crypto currency will remain.

I think you were misinformed brother, criminals and scammers in the cryptoworld are never caught, because firstly the law does not abide to crypto and second it is almost impossible to catch those people due to the anonymity of the coins.

[Ab.Waheed 978]

The good side of crypto is that it gives money to make our financial conditions good . And the bad side of this forum is that its fluctuations the bitecoin price changed it will be lower and higher in coming days . Everything has its good or bad side. 

[Pranto1 40]

The good side of crypto is that it is a good source of money, especially if you are still a student and you are patient, you can get rich.It’s as a tax haven or money store to illegally get the country’s law.  Almost everything that can be said about the crypto dark side can also be said about the fiat or cash dark side.

[Malik9532 1276]

I think future is good with crypto currency because we can get more knowledge about crypto trading and investment by posting . When we get more information about crypto trading and investment we can get more profit from here. Otherwise we can earn money from this forum by posting  and bad is that there are many scammers that why we should be careful always .

[hasaan 289]

Everything is a positive and the negative side as well but one of the most important thins about the crypto is that the positivity and the negativity depend on the person who you are. The is not good  for the people who are very much about  the transaction. 

[Goyaa 2414]

I think there are a lot of good things about cryptocurrency, we can work in the crypto field and that is quite helpful for those of us who don't have real world jobs. Cryptocurrency is also useful for improving the economy of a country because people's purchasing power continues to increase, because people's income is still there. In my opinion there is nothing bad about cryptocurrency, if anyone is taking advantage of cryptocurrency on the black market it is possible because the advantages of cryptocurrency do exist on the Internet.

[The Game 2059]

We all know that crypto is a good source of income during trading in digital market however it have changed the life of many user who invested in the project and have faith in it. Well the bad side of it is the refusal of government to adopt it into system is one of the major problems that we are facing now in some of these top countries in the world. But aside of these i think crypto currency have prove itself to the world.

[Syriana 350]

There is nothing in life that does not contain advantages and disadvantages, but for the cryptocurrency, its advantages are more than its disadvantages because it is easy to deal and fast. It can be transferred without a large commission and without any penalties and is not linked to a bank or bank that controls it so it is much better than paper currencies

[Farsa fat 328]

crypto currency is a high risk platform. All are not success in this sector. Most of crypto currency ups and down but now downing rate is much. Most of crypto down from ico . But sometimes we see that some crypto up so much. user can trade crypto will a little capital.

[Faska fas 307]

The positive world of cryptocurrency is tax exempt if it is realized for the future, then a strong security system such as blockchain. the negative is if you fail don't make yourself depressed and because of failure then money laundering says most people. I see that crypto is a good future in person

[Maya20 1048]

The wonderful thing about cryptocurrencies is the acquisition of an additional source of income, and the downside is the change in the price of currencies in the market within short periods, you must be an expert analyst, to avoid the least losses, and you must know that trading is always a loss or profit.

[Hanbal 359]

Cryptocurrency is one of the emerging technologies that is trending in todays world , of course crypto has it darked side and when i say darked side i mean it disadvantage the way bitcoin comes with a lot of light side it also has darked side on the other hand and it is the way it can be easily used to commit all sort of unethical behaviour like drug trafficking and money laundring.

[The Game 2059]

10 hours ago, Jovic said:

Yes I strongly agree with you on this mate, many countries have refused to accept cryptocurrency as a legal digital currency but I think it will be better if they accept it because it will create more employment opportunity for the youths or the citizens of most of the countries and it will also reduce poverty in most parts of the world.

Well said mate, in addition we are now in a modern era and with the introduction of these new technology    ( crypto currencies) that is trending i think the time is now for people to believe that is already creating the difference and is here to stay, moreover anything that have advantage most surely have disadvantage so let all hope most of the government should adopt it in there countries.

Edited December 28, 2020 by The Game

[m7md 0]

The features of cryptocurrencies such as anonymity and decentralization allow them not to be monitored or controlled by you, so it is the favorite of bad people to do illegal operations.