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This study is clearly flawed because they didn't consider the real use case of blockchain: illegal activity. Blockchain has truly transformed the fields of chi
by lalaland1125 8y ago
This study is clearly flawed because they didn't consider the real use case of blockchain: illegal activity.
Blockchain has truly transformed the fields of child pornography, ransomware, drug markets, and ponzi schemes. Regardless of your opinions of those fields, you simply have to accept that those areas wouldn't be possible to the extent they are now without Blockchain based cryptocurrencies.
- godDLL 8y agoAll that operated just fine before, with WebMoney, Paypal and some turkish mules that would take the prison time to cash it all out.
- theamk 8y agoI feel that ransomware at least would not be possible without Bitcoin. Before Bitcoin, there were no safe way to get ransom -- Paypal/Western Union would get blocked real fast, and physical transactions were detected in an old-fashioned way.