Bitcoin Pros And Cons [Insane Criminal Activity vs. Benefits]
#BitcoinProsandCons #advantagesofbitcoin #bitcoincrime
Today we'll discuss Bitcoin Pros and Cons
First, let me know in the comments if you feel there are more PROS or CONS when it comes to Bitcoin?
For the longest time, anything involved with money has always been characterized by criminal activities, or at least, people who keep trying to get their hands dirty on what they can get.
Pablo Escobar, Al Capone, and John Dillinger may be the notorious criminals you can put a face to since we hear about them in our culture through books, movies, and whatnot.
But it's totally different when it comes to Bitcoin and digital currency. While all transactions that occur on the blockchain are kept on the public record and are accessible to anyone for review, the identities of transaction makers remain unknown.
This way, criminals anonymously trade drugs, weapons, explosives, child pornography and conduct other unlawful activities, knowing they cannot be traced.
In other cases, terrorists can ask for funding and donations for extremist organizations without revealing their identity, remaining completely untraceable.
But on the positive side, Bitcoin and other crypto have provided reliable alternatives to financial intermediaries like banks and government regulators, making transactions a fair trade and decentralized for all.
That is what I'd call social justice.
That's why today, we will be comparing Bitcoin Pros And Cons
Here's a minute by minute breakdown of Bitcoin Pros And Cons:
0:00 Bitcoin Pros And Cons Intro
1:43 Crypto used by Drug dealers and Extortionists
2:55 Crypto and Laundering Money
4:02 $800 billion Laundered
6:12 Crypto Money Laundering Crime in Rio de Janeiro
6:37 Kidnapping Crypto tragedy
7:06 Gang Cryptocurrency Scam $28.4 million
8:07 Positive impact of Bitcoin on society
8:45 Bitcoin Advantage Number One
9:27 Bitcoin Advantage Number Two
10:07 Bitcoin Advantage Number Three
11:05 Bitcoin Advantage Number Four
11:54 Bitcoin Advantage Number Five
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