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Cryptocurrency and Why I Worry That It Could Hurt the Economy
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<blockquote data-quote="Adil" data-source="post: 426482" data-attributes="member: 3031"><p>A blockchain, by definition is hard to defraud simply because all transactions are publicly logged on an immutable ledger. You can launder with fiat so easily - criminals often use cash-only businesses to launder their crime money</p><p></p><p>Also, if you wanna be cynical about it all, the banking cartel's not gonna let some uppity hippy-esque crypto currency advocates replace an entire system that's been chugging along for hundreds of years</p></blockquote><p></p>
[QUOTE="Adil, post: 426482, member: 3031"] A blockchain, by definition is hard to defraud simply because all transactions are publicly logged on an immutable ledger. You can launder with fiat so easily - criminals often use cash-only businesses to launder their crime money Also, if you wanna be cynical about it all, the banking cartel's not gonna let some uppity hippy-esque crypto currency advocates replace an entire system that's been chugging along for hundreds of years [/QUOTE]
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