The light and the dark side of Cryptocurrency

[AlexGreyCryptoman 73]

From the light: these are very promising and promising projects. From the negative: cryptocurrency has high risks of losing the invested amount.

[johant123 1559]

5 minutes ago, kubuto1 said:

Cryptocurrency light creates jobs, improves life, facilitates transactions, is gentle for humans, and the dark side of cryptocurrencies, makes people lazy, find cunning scams easily , cryptocurrency is abused

You cannot blame crypto currencies for that. Design a system, and people will find a way to abuse it.

 

I think crypto currencies, and blockchain in general, are great developments, and I really feel they are maturing now. So my outlook is optimistic.

[rekter 8129]

Naturally the dark side of the internet will use it. Because it works! Criminals too tend to use things that actually work.

[Syed Rehan 231]

As the light side of the crypto currency we see that there is a very convinent way for sending the money. and also it is very efficient way. But on the other side there are also bad factors on the crypto currency such as money laundering,

[rajonmia 181]

Day by day crypocurrency popularity increases. This is really good news for us. Also many people use this digital coin wrong way. Because they do not hold any transaction history. That's why many crime happen. This is bad for us. Also you can use any payment like shopping, gambling, gift card etc. So I don't say what will be happen in future.

[Roomi 1119]

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?

Everything in life has its plus/minus, or advantages/disadvantages, all need is to be educate our surroundings not to do negative activities. Negative activities also require skills, if a person have skills to do wrong he can also do positive if we teach him. Try to educate peoples as much as you can. If this is done one day we will have neat and clean crypto world.

[mani982 286]

Bitcoin have its benefits as well as bitcoin can use for some illegal activities. The good thing is that we can earn huge profit from bitcoin and the bad thing is that if government will regularize the crypto then we can not  do this business.

[Suhannewaz 245]

The bright site is our early adopter's crypto future, and now, and when many people come to cryptography, our and dark websites will have lots of scams each day, and still a daily launch of a new ICO and other scam and centrally-controlled exchange hack, although we need to save our money

[BitMart 326]

As we have too many problems around us and most peoples saying after Blockchain and Crypto we have many bad things I beleive mostly will agree with this many crimes was hanging before this all so its not related to this technology but we have too many positive and good ways for us which are helping big communities which are very good like now blockchain is doing good for many ways and projects which are doing better before this.

[Apple 202]

On 11/9/2019 at 9:12 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?

Cryptocurrency is only a medium. You can also use paper money for anything and that will more hard to trace. This question is out-of-date because we already see the cryptocurrency future today. And that is very bright future.

[mani982 286]

On 11/9/2019 at 7:28 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.

Yes it is true that we know the one side of crypto that is Profit.We get huge profit profit from bitcoin.we do invest in crypto and get huge profit this face of crypto is enough for us.

[Whydoyoucare 1094]

The bad side of crypto is it can be use in illegal activites. however the good side of bitcoin if you use it right it can really help you to live more wealthy. and the transactions in crypto is really fast.

[Sohel Rana Sazzad 453]

Everything is made up of good and evil. As well as crypto, there are good and bad qualities.The good side of crypto is that it can make easy money and the worst part is that there are many scammers.

[duncun007 3577]

On 11/15/2019 at 6:05 AM, Tine0313 said:

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.

well everything in this world could be used for good and bad things, but the worst parts is that bitcoin is the one taking the blame for the bad things being done with it.

[Great Commander 659]

All this activities has one curator and that is money. Everyone will do even the most heinous one to get the highest possible reward or income from their boss. Maybe some of them are afraid for their family as these bosses could instantly kill their love ones. 

[ShakilA 373]

Cryptocurrency has dark and light side also.Their dark side is dealing crypto in terrorism.Their light side more thanvdark side

[sazzad925379 128]

I know that every site has some benefits and some advantages, and the benefit of crypto currency is that it can make more money in a short period of time, but there are several scammers.

[andrehol 16294]

Paying taxes is the responsibility of every citizen. We pay taxes using fiat money. the state will not become poorer if we save on taxes with the help of crypto!

[teminalibug 309]

10 minutes ago, andrehol said:

Paying taxes is the responsibility of every citizen. We pay taxes using fiat money. the state will not become poorer if we save on taxes with the help of crypto!

But crypto hides all opportunities of the governments to collect taxes from trading activities or nay other crypto activity.

[aqua 773]

3 minutes ago, teminalibug said:

But crypto hides all opportunities of the governments to collect taxes from trading activities or nay other crypto activity.

I think the government will find a way to collect taxes from the crypto users because I think they still searching for the possibility to do that thing. And with the unlimited resources that the government has, they can get one or two ways to collect taxes, but we still don't know what and how they can do that except they announce something related to the crypto. So before they announce the news about crypto, we need to use the time to make money from the crypto so we are not late, and we can do something if the government releases the news.

[Syed Rehan 231]

On 11/9/2019 at 10:52 PM, setifien said:

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

Your opinions are very good. But the main purpose of this currency is not that many peoples use this. So, this is a bad thing of the peoples. The founder of the bitcoin make the world a global village it means that you can send or receive your money any where.

[Syedbesharat 5423]

7 hours ago, teminalibug said:

But crypto hides all opportunities of the governments to collect taxes from trading activities or nay other crypto activity.

Now a days USA is collecting taxes from  crypto holders .So they want to collect tax  with out acknowledging  it.This thing is not right.They want tax then they have to provide safety on crypto or least acknowledge it 

[Lubruselu 2803]

13 hours ago, mukty said:

The light sight if crypto is there we can earn profit without and with invest. And bad site is there was many risks also many scammed site     

Sure cryptocurrencies has those two sides which one is taking the massively successfully and other side is to get massively loss or scammed

[teminalibug 309]

14 hours ago, Syedbesharat said:

Now a days USA is collecting taxes from  crypto holders .So they want to collect tax  with out acknowledging  it.This thing is not right.They want tax then they have to provide safety on crypto or least acknowledge it 

If they provide safety and justice against scammers and frauds, then I will have noi problem paying taxes, but still hates the idea pf regulations anyway plus they offer nothing.

[teminalibug 309]

22 hours ago, aqua said:

I think the government will find a way to collect taxes from the crypto users because I think they still searching for the possibility to do that thing. And with the unlimited resources that the government has, they can get one or two ways to collect taxes, but we still don't know what and how they can do that except they announce something related to the crypto. So before they announce the news about crypto, we need to use the time to make money from the crypto so we are not late, and we can do something if the government releases the news.

They can only do that by turning all crypto trading platforms into centralized regulated platforms.