The Dark Side Of Decentralized World
The Blockchain technology is providing us with the bricks to build a decentralized world. In this new society, cryptocurrencies are the main form of payment, there is complete anonymity and the economy is truly decentralized.This has many advantages, of course, but there is a dark side too.There was no electric chair before the discovery of electricity. Cryptocurrencies like Monero, ZCash and soon Ether offer nearly untraceable anonymity features for its users. This is great because many people prefer to keep their transactions private.However, it also facilitates certain criminal activities. Money laundering, online drug, weapons dealing and tax avoidance are some of its possible applications. Dark Web marketplaces like Silk Road or AlphaBay would have probably never come to life without the partial anonymity cryptocurrencies provide.But anonymity is not only used for payments. An increasing number of Internet users are making use of strong encryption protocols, VPN’s and onion routing. Users that are active on platforms like 4chan or Reddit will have probably noticed how anonymity empowers the very worst among us.
The author of the article Pascal Thellmann https://cointelegraph.com/authors/pascal_thellmann
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gov't are afraid of crytos because they would have no reason to tax us anymore,, there's no more interests to pay for their money printing out of thin air.
I totally agree with you man !
I think that if we want to reduce criminal activity first we shoud reduce/eliminate goverment activity, and then figure out the best ways to distribute drugs :D
I think that it's not showing the darkside, but instead lifting the veil to what humanity as always been, but it has been repressed.