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Cryptocurrency and Why I Worry That It Could Hurt the Economy
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<blockquote data-quote="MayoMayn" data-source="post: 426389" data-attributes="member: 71840"><p>Not having read the entire post yet, I will still be writing my comment about this.</p><p>It might be hurting the controlled economy.</p><p>Is cryptocurrency controlled by any other than the people using it? No. Is any other "real" currency controlled? Yes.</p><p>Cryptocurrency might hurt the economy in many ways, but that's no wonder when the economy is controlled by the government and banks.</p><p>By logic you could indeed just print out more money and continuously do that, which you wouldn't be able to do with i.e BCH hence why cryptocurrency has a real value.</p><p>In my opinion cryptocurrency is one of the few ways to actually <strong>SAVE</strong> and establish a real economy that isn't controlled by any one else than the actual users.</p><p></p><p>Let's look at the fact how easy it is to do money laundering using crypto currency.</p><p>You can literally sell drugs online, get transferred crypto currency to your wallet and have a prepaid card, like something offered from <a href="https://wirexapp.com" target="_blank">https://wirexapp.com</a> and <a href="https://cryptopay.me" target="_blank">https://cryptopay.me</a></p><p>So instead of having all your drug money in cash, you just have them all on a card and it's untraceable.</p><p>That's one of the few bad things about cryptocurrency, but isn't there bad things about everything?</p></blockquote><p></p>
[QUOTE="MayoMayn, post: 426389, member: 71840"] Not having read the entire post yet, I will still be writing my comment about this. It might be hurting the controlled economy. Is cryptocurrency controlled by any other than the people using it? No. Is any other "real" currency controlled? Yes. Cryptocurrency might hurt the economy in many ways, but that's no wonder when the economy is controlled by the government and banks. By logic you could indeed just print out more money and continuously do that, which you wouldn't be able to do with i.e BCH hence why cryptocurrency has a real value. In my opinion cryptocurrency is one of the few ways to actually [B]SAVE[/B] and establish a real economy that isn't controlled by any one else than the actual users. Let's look at the fact how easy it is to do money laundering using crypto currency. You can literally sell drugs online, get transferred crypto currency to your wallet and have a prepaid card, like something offered from [URL]https://wirexapp.com[/URL] and [URL]https://cryptopay.me[/URL] So instead of having all your drug money in cash, you just have them all on a card and it's untraceable. That's one of the few bad things about cryptocurrency, but isn't there bad things about everything? [/QUOTE]
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