- Crypto market heavily regulated benefits big corporations, governments (politicians) and oligarchies;
- Crypto market lightly regulated benefits the society as a whole;
- No regulations benefit nobody.
Topic: Who gains more from a cashless society using only the crypto market (Read 108 times)
Criminals will adapt themselves to any reality and regulations imposed to them. It's worthless to discuss a flawless system, because it doesn't exist and isn't applicable to this world. After all, we can't blame fiat or crypto for actions executed by humans. Therefore, there is no reason to criminalize or heavily regulate currencies like the mainstream society tries to do with bitcoin and altcoins in a point it's going to be insuportable to use them at some point, since enthusiasts will have to pay large profit percentages to their local authorities, completely give up their privacy and fulfill bureaucratic requirements which aims collecting more money from the average citizen's pockets to the government and its partners.
May 30, 2022, 04:54:14 PM
Crypto does give criminals new options, it's stupid to argue with that, especially if you look at how prelevant is crypto in ransomware or online marketplaces for illegal goods. But ultimately, crypto is not a gamechanger that could make crime levels grow so much that they would threaten society. Financial control still exists. A criminal still needs to launder their money, even if they are in crypto. Regulators just need to adapt to this, and they do.
Exactly crypto is already used for long time ago in buying illegal goods and that's what first thing I know on crypto so there's really no sense to think that this could prevent any criminal stuff or any good to lower down the crime rate as bitcoin doesn't have that feature at all. Maybe if all crypto platform will ask KYC if you perform transaction that could change the story because all people will be identify including those criminals.
May 30, 2022, 04:52:19 PM
Crypto does give criminals new options, it's stupid to argue with that, especially if you look at how prelevant is crypto in ransomware or online marketplaces for illegal goods. But ultimately, crypto is not a gamechanger that could make crime levels grow so much that they would threaten society. Financial control still exists. A criminal still needs to launder their money, even if they are in crypto. Regulators just need to adapt to this, and they do.
Whether crypto or fiat, illegal activities and those criminals would still exist but of course there are some differences on how they would really be able to do such thing when it comes to laundermoney or something in related. For a cashless society then if we do talk about decentralized then miners would be the beneficiary on pushing up transactions since its decentralized then
there's no other that could benefit out but for centralized one then we do know with this very basic thing. Lets just accept the fact that if ever crypto space would made it big
or become one of the payment options or gateways then expect that fiat would be still overhead.
May 30, 2022, 04:35:45 PM
Crypto does give criminals new options, it's stupid to argue with that, especially if you look at how prelevant is crypto in ransomware or online marketplaces for illegal goods. But ultimately, crypto is not a gamechanger that could make crime levels grow so much that they would threaten society. Financial control still exists. A criminal still needs to launder their money, even if they are in crypto. Regulators just need to adapt to this, and they do.
May 30, 2022, 01:58:15 PM
I do think everyone gains by that, I would like to explain it how it might help people to curb the corruption which means that people would he able to see what the government is doing, where they are sending and spending money, if the money alloted is coming to the public or no and this would all be possible using cryptos, they would even be able to track it down to individual wallets since now most of them need KYC, this can help increase the efficiency and at the same time make things more transparent, help curb the spread of communicable diseases and at the same time get us ahead of our time but then again we have volatility that we have to take care of before that happens.
Other than that don't get yourself merits *_* I know it's a slow and steady process but it's worth it.
Other than that don't get yourself merits *_* I know it's a slow and steady process but it's worth it.
May 29, 2022, 09:52:20 PM
It is hard to argue against laws that make it illegal to hurt someone, but making an otherwise legal activity illegal in order to catch a criminal is wrong and dangerous.
May 29, 2022, 06:19:53 PM
I was somehow confused and frightened if the world has just decided to go completely cashless that will prompt such repetitive topics.
Tbh, this doesn't need to raise a new topic. It would have fit as a reply to the topic you referenced.
It could be a coincidence of date of account creation, coincidence of merit and coincidence of cashless policy idea
May 29, 2022, 12:42:31 PM
If the world must go cashless, Bitcoin should be the better option, but as the government will always want to be in charge of your funds, CBDC is always projected by the government.
The idea of a cashless policy is a very good idea to me. And in my own opinion, the merit's outweights the demerit.
We don't need to overdo it, because fiat actually existed before Bitcoin. Moreover, with a system that is contrary to centralized finance, Bitcoin is inevitably considered a newcomer as well as a threat because the government cannot control it.
Plus we live under the auspices of a government policy, so at least to be able to play it safe and be able to use Bitcoin officially, the first is the rules and laws where we live remain the main rules. Regardless of the policy that then considers Bitcoin as an investment alternative, that is what we must accept.
After all, you can drop as much money in Bitcoin as you want without needing to lure the government into legalizing it as payment.
Btw, a bit off-topic. Just wanted to ask if you two were born in the near future and give each other merits. Are you twins? if true you are very lucky only a difference of 23 minutes and 32 seconds. lol Forget it, I'm just kidding!!
May 29, 2022, 11:48:31 AM
If the world must go cashless, Bitcoin should be the better option, but as the government will always want to be in charge of your funds, CBDC is always projected by the government.
The idea of a cashless policy is a very good idea to me. And in my own opinion, the merit's outweights the demerit.
I took out time to really ponder on the option of bitcoin and the cypto market. The idea that a decentralized currency can be created which defeats the quest for control by the Government and their numerious policies is just awsome. But let's consider this question. What is man with out these policies and law's? Have you considered a world without any form of financial law and policy to govern it? The pros of the decentralized financial system could be all glitering and good, but who really stands to gain from such a world? THE INNOCENT whose just want to be free from regulations like a child who want to run away from home OR THE CRIMINAL WORLD whose very agenda's can only be distrupted and or made difficult by these Government policies we are so eager to get rid off.
I am no fan of laws to be frank, but the truth remains, can we really survive in a world where every individual and easily place an order and pay for the death of another (or commiting any other form of crime) by using his phone just like ordering for a box of pizza and there is no systen to trace such transaction?.
Fine, a man nothing without laws and policies but then, not at the expense of his freedom.
May 29, 2022, 10:19:00 AM
If the world must go cashless, Bitcoin should be the better option, but as the government will always want to be in charge of your funds, CBDC is always projected by the government.
The idea of a cashless policy is a very good idea to me. And in my own opinion, the merit's outweights the demerit.
I took out time to really ponder on the option of bitcoin and the cypto market. The idea that a decentralized currency can be created which defeats the quest for control by the Government and their numerious policies is just awsome. But let's consider this question. What is man with out these policies and law's? Have you considered a world without any form of financial law and policy to govern it? The pros of the decentralized financial system could be all glitering and good, but who really stands to gain from such a world? THE INNOCENT whose just want to be free from regulations like a child who want to run away from home OR THE CRIMINAL WORLD whose very agenda's can only be distrupted and or made difficult by these Government policies we are so eager to get rid off.
I am no fan of laws to be frank, but the truth remains, can we really survive in a world where every individual and easily place an order and pay for the death of another (or commiting any other form of crime) by using his phone just like ordering for a box of pizza and there is no systen to trace such transaction?.
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