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RE: World's 1st Blockchain Cryptobank Network - BAANX.COM
Excellent publication my friend, I think there are 3 types of people. I love cryptocurrencies but there are several details that should be refined has many advantages but it is also true that they can be used in the wrong way as for now the whole black market (drugs, contraband etc) is handled with cryptocurrencies and that is one of the points against that they have not let it be as big as it should be. Greetings.
I think that's just a red herring used by people who are scared of Bitcoin & other cryptocurrencies. The majority of black market trade is still done in fiat and some in precious stones and metals. Yet we don't talk about banning those.
Can you kill someone with a car, knife or brick?.. and we still use them to drive, cook and build ;) And if you want to go deeper on this subject there are few investigations being made on that subject and it has been proven that just a small fraction of cryptocurrencies is being used for that kind of activities... I will tell you one more interesting thing that not many ppl are talking about. Crypto is not so great in hiding your transactions, payments, and activities because when your identity is reached through the banks payment or some other way all your transfer history with all buy and sell transactions is available on the blockchain.
Well in that if you have all the reason, I had a long time without understanding where was the anonymity if everything is reflected in the chain of blocks, it has been a pleasure that you have been able to answer my friend questions. Greetings and keep going you are doing an excellent job.