Crypto vs Fiat which is more threat to economy ???
So there was much hype lately that with the coming of crypto the illegal activities will get on a new level rise as the organisations like who fund the terrorism will use this as a money exchange way and many more illegal activities will follow up soon.
And despite the transparency in the crypto system it will be easy for them to get into the system and get funded for that lets keep that aside for a moment and what if i tell you that in a recent conference former U.S. Federal Prosecutor Mary Beth Buchanan told that
‘A Lot More’ Crimes Committed With Fiat Than Crypto
Also stated that
“I served 21 years at the [US] Justice Department and it’s not fair to say there is a greater amount of crime with cryptocurrencies. In fact I would strongly disagree with that… [what’s more], cryptocurrencies can be traced, unlike fiat currencies [cash].”
source
yes that's might be shocking to hear but crypto is not a threat infact its the ultimate solution to crack down if someone want to put an end to that crypto is a movement which will like to erupt bigger and bigger.
What do you think which is a more threat crypto or fiat let me know in the comment section :)
pic source
It is the biggest misconception about cryptocurrencies, ever since Bitcoin has been used to buy drugs in the dark web almost all people who does not know what cryptocurrency is that their first impression would be "Bitcoin is a currency for criminals" also it is the mainstream media's fault on bringing this kind of concept.
Titel of the post is very interesting and I can't but read the full story. I am new on Steemit. So it is difficult for me to calculate. But I must stand on Crypto.
The economy is the threat, the tools of crypto or precious metals or currencies is a decision we must make to rebuild it.
I believe in crypto.
I think that any system can be corrupted given the proper people. ;)