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The new promise of crypto is helping organized crime or sanctioned individuals/countries with payments, and it's delivering!
by jimbohn 1y ago
The new promise of crypto is helping organized crime or sanctioned individuals/countries with payments, and it's delivering!
- AndrewStephens 1y ago> The new promise of crypto is helping organized crime or sanctioned individuals/countries with payments, and it's delivering! It's not even new - Bitcoin right from the start was explicitly created to replace a centralized system used by criminals to evade currency controls. Bitcoin's creator(s?) saw that the various governments were eventually able to shut that down and set up Bitcoin as a decentralized system to avoid that problem. It's not a flaw in crypto that criminals flock to it - it is built into the very design. This story shows that it is not perfect but to criminals it is the best that they have.