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Will Crypto has an End??


skillex

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Posted

As the world is facing the high-tech way of living today and embracing the modernize  way of money currency the digital money, the cryptocurrency, we cant deny the fact that its also the subject of huge criminal activities online for scammers. If ever the use of cryptocurrency will be the cause of great chaos worldwide in cases of huge finnancial loss due to expert untraceable developing hackers that we cant deny their existence. Will there be an end to cryptocurrency just because of this matters?

What do you have in mind? :) 

Posted

Scammers use currency issued by national governments as well.

Crypto currencies will be around as long as someone is able to mine them.  So in that way they cannot be stopped. 

However, national governments, using the guise of fighting criminals, can make converting crypto currencies to/from their national currencies so difficult to prohibitive as to virtually eliminate them from use in their borders.

As I noted on another recent post, my biggest worry is this will become a self fulfilling prophecy - governments will regulate crypto so much because it is occasionally used by "criminals" that anyone associated with crypto currencies will become a de facto criminal.

Posted

Crypto can be use in illegal activities but in any problem there is always a solution. The solution for that is not to make crypto shutdown but to regulate it. Like what other wallet did. That's what KYC is. Know your costumer, where you need to upload and ID and selfie to prove that you are the real person. Crypto just started and it can never be gone because it help a lot to most of people and innovation will still come and will be update and develop not being deleted or removed. 

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