this post was submitted on 21 Nov 2023
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Cryptocurrency is the number one vector for scams and money laundering today despite blockchains.
I'm not cryptobro but I hate that people give out about it's use in crimes... it's a currency, it being used in crimes is only evidence of it being used as a currency. All my drugs are bought with euros.
That's because transactions can't be rolled back, opening accounts doesn't require identifying info, and there's no possibility of payments being intercepted by a third party.
Sure, fiat can be safer when your bank is being responsible. It can be much more dangerous when they aren't. Just ask a victim of Wells Fargo.