There are always complaints on here about how Google is only paying $X for vulns. One advantage of decentralized digital money is that its bug bounties are self funding and the payout amount researcher-controlled.
I'm not sure if there is actually any evidence of this? Criminals do very well without crypto. If you look at percent of the economy that is fraudulent, it is quite large. If you look at percentage of crypto economy that is fraudulent, it is surprisingly similar
Plenty, search for cases of ransomware for example, you will find hundreds of instances where they demand payment by cryptocurrency, at least 1B per year.
This lacks comparison to regular economy.
Yes, but the baseline is the amount of fraud/crime that happens without crypto - which is extremely high.
That is a natural consequence of banks and governments losing power. That power balance shifts towards the citizens... some of whom are criminals.
The coin fanboys will argue that the bankers and government were criminals as well.
This is worded in a way that pretends like the banks and governments themselves aren't considered criminals by the masses.
I did mention that the coin fanboys think so. Do you invest in any coins?
Not really "one disadvantage" as much as "the main use case".
This is a centralization failure. Please learn more before commenting.