this post was submitted on 13 Aug 2023
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Sure, both of which are more straightforwardly useful tools for financial crimes than a phone is, and less generally useful for other purposes.
Crypto is so popular and useful for criming that ransomware is practically a first order use case for it.
Good for you? But many, many people are getting scammed...some directly through the technology itself.
Generally speaking in money laundering you're trying to take criminal money and convert it into taxable dollars. One mechanism for doing so is saying "oh hey, someone gave me some crypto and it went up in value and look at this huge payday I had". This is true in lots of legitimate cases of crypto use as well, so that's what a criminal would masquerade as...someone who had "won" the "crypto lottery".
I think money laundering is generally done via other means (vs say ransomware which is generally not), but it's a useful tool to have for a criminal upstart who may not have a brick and mortar way to launder their money.
I guess? Makes it pretty useless as a payment method then. My first advice would be to not exchange dollars you need for digital junk that may become worthless, stolen, or forgotten.
I guess phones are better for spying people.
Technology doesn't scam people, it's not alive. People get scammed in all areas of life, regardless of technology they use. It's ridiculous that I have to explain this again.
I doubt it, but it's irrelevant. Criminals use many things that ordinary people also use.
Not really. There is a difference between giving someone your money vs paying for a service. But you know this. It's silly that you keep saying things like that. It just makes you look stupid or dishonest. There are many real things you could criticize about cryptocurrency and I would agree with you on many of them. There is no need to make stuff up.
Right, only cryptocurrency could become worthless, stolen or forgotten. Paper junk can't.
"Crypto doesn't scam people, people scam people" 🙄. It's ridiculous that you have an inability or unwillingness to reasonably evaluate a tool and what its common and obvious uses are. Oh wait, you can do that with tools you don't like:
Depends upon how you're going to guarantee fulfillment of the service...which is a thing you can't really do without a mediating party....unless it's ugly ape art or a different form of shitcoin.
USD isn't only "paper junk", but I should've expected that as a crypto enthusiast you wouldn't understand actual currency.