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This makes a lot of sense and it was an expected side effect of any decentralized currency from the very beginning. Bad actors/fraudsters/tax evasionists etc a
by delegate 2y ago
This makes a lot of sense and it was an expected side effect of any decentralized currency from the very beginning.
Bad actors/fraudsters/tax evasionists etc are going to eventually become the biggest users and end up owning a big chunk of it.
Without a shred or actual evidence, I'd be ready to bet that many terrorist groups are buying their equipment/weapons in crypto. Arms, drugs, laundering, etc, it's just so convenient..
And in time it will become worse.
That being said, I also understand that crypto is unavoidable - eg the concept of the blockchain would have been discovered sooner or later and now it can't be stopped.
- frontfor 2y agoCrypto (specifically USDT) is already in use by some commodities traders for international settlement (I used to work in this space). So I wouldn’t be surprised at all if terrorists do the same.