Online dark net markets would not be possible without cryptos.
They are a pretty big win for those who believe in personal liberty.
They are a pretty big win for those who believe in personal liberty.
It is quite a very poor use with such "crime" happening all on a public and transparent blockchain, making it very easy to trace all of that (even if they use a tumbler / mixer) with the funds certainly seized and frozen as soon as it hits the exchange.
In fact criminals and scammers still use banks and Zelle to facilitate their criminal enterprise - [0] [1] in the trillions of dollars.
[0] https://www.buzzfeednews.com/article/jasonleopold/fincen-fil...
[1] https://www.nytimes.com/2022/03/06/business/payments-fraud-z...
Once again, Bitcoin is worse for scammers, criminals and ransomware than using Zelle and the banks for fraud.
You should be asking why the banks continue to move trillions of dollars of illicit funds for criminals for years without them doing anything. Same with Zelle.
For comparison, to use a bank card you first need to provide all your details to bank which can share them with anyone they want, and then your application can be rejected for arbitrary reasons. And after this again the bank can share information about anything you bought with the card. There is even an official organization for sharing data about consumers loan history and this is totally not a crime in our weird society.
The law however arbitrary and flawed is the source of morals for most adults.
George Carlin said it best with “Think of how stupid the average person is, and realize half of them are stupider than that.”
"First they came for the socialists, and I did not speak out— Because I was not a socialist."
Crypto's main use is crime insofar as its main use is denying monopolistic/governmental control, and anything that the government bans is a crime.
With sufficient tracking of non-cryptocurrencies and physical goods governments could largely kill dark net markets by making it too hard to buy anything physical with your cryptocurrency. Imagine KYC but applied to every transaction instead of just large ones.
Making dark markets too easy isn't a win for personal liberty. Its a step on the road to a dystopia with little personal liberty or privacy because every time something seriously bad happens a few due to dark markets that would not have been possible in the legal markets the general public will demand something be done about it, which will result in government being granted more power.
Yeah sure still not society relevant.
And look what happens in Germany, it's much better to push for legalization.
People need to stand up for rights