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Wow. The writer of this article like many other articles I read about Bitcoin in these days does not seem to care about all illegal activities happening on top
by ctulek 9y ago
Wow. The writer of this article like many other articles I read about Bitcoin in these days does not seem to care about all illegal activities happening on top of Bitcoin, and just talking about it as one of the killer apps.
Am I the only one who watches all this Bitcoin drama with a sad face if not a broken heart where people are killed, hurt, or get frauded? I had and have zero belief that this stuff will work but on top of that I am really disappointed how it evolved from a geek project to a big wave of distruption if not a distraction.
Anyway, do crypto currency communities have any plans about preventing illegal activities that hurt real people?
- C14L 9y agoAre you describing what paper money does or what Bitcoin does? Sooner or later, blockchain-based money will be regulated. Just like paper money is today. But its too early now.
- ctulek 9y agoBitcoin, if not worse, has similar problems that cash money has. While governments trying to get rid off cash, now we have Bitcoin on top of that. There will be regulations on Bitcoin for sure but how can it be regulated without breaking the original premise, that is, being able stay anonymous with one's transactions?
- C14L 9y agoBitcoin's original premise was to offer money transfers that are low cost and fast. Sadly, that isn't the case anymore for the original Bitcoin. The ledger is public, so it was never really anonymous. Just hard to follow.
- jimothywales 9y agoI'm confused on how you think cryptocurrencies are responsible for getting people killed or hurt. Fraud is a definite concern, as is the case with any unregulated market. Doesn't paper money "cause" people to get killed or hurt just as you say Bitcoin does?