Of course, it can be useful to follow steps of ripple but not sure if it is plausible as other cryptos are decentralized. That is what cryptocurrency is for. And talking about minimizing crime, criminals will honestly use anything. Diamonds, bonds, real estate, art, currency, gold, ivory, and even agriculture.
Topic: minimize crime in the crypto world (Read 140 times)
I guess more regulations should be implemented. And the legitimacy of the public ledger should be established as evidence. The biggest problem is money laundering. Normally banks are the first line of defense to alert the authorities on big and suspicious transactions. Without them it's virtually impossible to stop. Plus there's a problem with jurisdictions. Who has jurisdictions over crypto traffic over the internet? There must be a tradeoff between centralization and security. Im not saying a centralized entity should have power over it, but i think it must be an international collaboration.
You should also know that Ripple is sort of a centralized coin, so when you want other cryptocurrencies to become more like Ripple, you want them to be a centralized coin. I don't think this will favor cryptocurrencies or does who are investigating in it. From my own perspective, it will be quite difficult to totally eliminate crime in cryptocurrency. All we have to do is go be extremely careful, and probably a regulation can help too.
The chain of blocks is decentralized, I don't think it can be regulated to some COINS in crime, chain blocks can be used as the basis of criminal originally, anything good is bad, we should hold understanding attitude, as far as possible regulation.
criminal acts in 2018 will increase, even some of the criminals have a target to enter the crypto world,
was there a "criminals meeting" that you attend to which said they are going to increase their activities? 
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they want to make all destroyed. doing money laundering, hacking wallets, and others.
these two are contradictory! you never destroy something that is useful to you!
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but did you know that Ripple is an altcoin with a legal entity. so criminals will not dare to commit a crime with Ripple. because the larson is the one who cares deeply about Ripple.
yeah the same way they don't dare using fiat systems like banks, credit cards, checks,... to commit their criminal acts! Ripple is the same bank issued centralized thing and if they want, they will do the same with it.Quote
what if all altcoin follow Ripple's steps?
then we will have another centralized altcoin which not only solved anything about crimes, but also added a useless centralized token to a decentralized world! and nobody will ever take it seriously.just as nobody takes Ripple any more serious than trading it.
Ripple goes against the entire idea of crypto (decentralization)
Crypto is decentralized if they will encash money on banks it would be taxable so this criminals won't withdraw big amount of money and governments will track their activities. Maybe sooner or later developers will create coins that will prevent to criminals activities.
Bitcoin is not entirely anonymous.
Just keep track of the bitcoin wallet and see which exchanges the criminals have gone through to find the criminal.
Just keep track of the bitcoin wallet and see which exchanges the criminals have gone through to find the criminal.
yes ripple is legal crypto, i saw ripple team meet our economic minister
How can Ripple prevent those acts when they call it decentralized? Unless the rumors are true that Ripple is centralized?
I would be very happy if it was also done by other coin coin, in order to strengthen the security level of the coin itself, hopefully gradually other coin ya follow Ripple, that's my hope.
Japan’s regulations help prevent misuse of Bitcoins and other cryptocurrencies for illegal activity, and include requiring banks and other businesses to verify identities, keep records and report suspicious transactions. In line with these kinds of efforts to prevent money laundering, Australia recently introduced a bill that regulates Bitcoin exchanges.
It's a very good idea to run, I strongly agree with your opinion that all coins have legal entities for security, and strengthen the coin itself.
criminal acts in 2018 will increase, even some of the criminals have a target to enter the crypto world, they want to make all destroyed. doing money laundering, hacking wallets, and others.
even monero and LTC are altcoins most favored by criminals to commit criminal acts.
but did you know that Ripple is an altcoin with a legal entity. so criminals will not dare to commit a crime with Ripple. because the larson is the one who cares deeply about Ripple.
what if all altcoin follow Ripple's steps? I see how it can minimize crime in the world of crypto. especially monero and LTC.
good advice please here!
even monero and LTC are altcoins most favored by criminals to commit criminal acts.
but did you know that Ripple is an altcoin with a legal entity. so criminals will not dare to commit a crime with Ripple. because the larson is the one who cares deeply about Ripple.
what if all altcoin follow Ripple's steps? I see how it can minimize crime in the world of crypto. especially monero and LTC.
good advice please here!
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