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That it incentivizes human trafficking and crime is pure hyperbole. Also turns out that the barrier to entry for crypto is lower in the 3rd world than you might
by twox2 5y ago
That it incentivizes human trafficking and crime is pure hyperbole. Also turns out that the barrier to entry for crypto is lower in the 3rd world than you might think:
https://www.youtube.com/watch?v=jvHN0MEBoZo https://www.youtube.com/watch?v=jvHN0MEBoZo
- iNane9000 5y agoI believe the synagogue shooter was paid in Bitcoin. So not pure hyperbole. Edit: might have the details confused about above point, but the general thrust of things is pretty clear. https://foreignpolicy.com/2019/03/19/neo-nazis-banked-on-bitcoin-cryptocurrency-farright-christchurch/ https://foreignpolicy.com/2019/03/19/neo-nazis-banked-on-bit...
- twox2 5y agoWell in that case, nothing incentivizes more crime than USD.
- iNane9000 5y agoIt’s more regulated though. That’s the point is there’s some control in usd, for better and worse.
- vimy 5y agoCash is the ultimate anonymous method of payment.
- deleted 5y ago[deleted]
- dasudasu 5y agoNot necessarily. Bills have serial numbers on them. They can also be marked.
- Veliladon 5y agoCash is a physical thing that needs to be taken somewhere if you're using it to pay someone off or receive a payoff. That gives means to be apprehended at some point in the chain. Crypto on the other hand you just hand over the coins. The coins are sent to an exchange's wallet, mingled, then pulled out on another anonymous wallet. This is what makes it so great for ransoms.
- sjtindell 5y agoTheir complaint was not with your premise but the language. Rather than incentivizes perhaps facilitates.