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RE: Trustless assets for a trustless world.
Very interesting post. Another aspect that makes cryptocurrencies very popular is that they can be used to buy anonymously; although each transaction of this type of currency is in a public record, the names of buyers and sellers are not revealed, only their wallet IDs. While this keeps users' transactions private, it can also lead to transactions involving illicit activities. However, according to a study conducted by Stanford University, it was revealed that in the case of Bitcoin (a type of cryptocurrency) only 1% of transactions are used for this purpose.
You make a great point. The vast majority of people on this planet are good people that do good things. Bitcoin, or any other crypto for that matter, will be used for food, clothes, pet toys, vacations and so on...not for illicit activities like government officials say sometimes. Crypto is just a better way of transacting value, that’s it, and people will use crypto like they use any other medium of exchange through history, like fiat, gold backed currency, precious metals, seashells, and stones.
All right, much success