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1861  Economy / Economics / Re: Crashes are The Best Times to Get Rich - Robert Kiyosaki on: June 06, 2022, 11:28:30 PM
Rober Kiyosaki[1], a person popular in the network marketing industry and founder of Rich Global and Rich Dad Company[2] stated that the best time to get rich is to get in during the market crash.  He stated that if the Bitcoin market continues to plunge, he is ready to get in and start buying.  His entry window is when BTC touches $20k[3]

Quote
“BITCOIN CRASHING. Great news,” he tweeted recently. “I am waiting for Bitcoin to crash to 20k. Will then wait for test of bottom which might be $17k. Once I know bottom is in I back up the truck. Crashes are the best times to get rich.”

He also states that "Bitcoin is the future of money" and thinks that the bottom of this current bull trend would be below $11k. Read more here:

Having an optimist view despite the recent Bear trend and crashes is one of the better traits traders should have.  We have known Bitcoin to have the ability to rebound and yet many had been pessimists and lots lose hope.  We should look at this bear market in a different view rather than Bitcoin being Doom and as a matter of fact, many known billionaires gain lots of profit by investing in a crashing company or stocks but have been proven to recover.

So what do you think about Kiyosaki's point of view, is it possible that "crashes are the best time to get rich"?



[1] https://en.wikipedia.org/wiki/Robert_Kiyosaki
[2] https://en.wikipedia.org/wiki/Rich_Dad
[3] https://finance.yahoo.com/news/crashes-best-times-rich-why-120000932.html
With my long stay here in the crypto market, i realized that it's really the big crashes that make the best time to invest in the market. Although not all realized that but the truth is the bear market is always the start of wealth accumulation. The reason why a lot starts to acquire a lot of bitcoin during bearish market because it could make them instantly rich once bull run starts.

But sometimes in times when crashes occur some people don't have money to spend to buy more alts and get rich later because majority are just on short trades then the profits they cashout their after that. That's why only few people got fortune on this that's why I'm not surprised at all seeing people telling that if they only buy some of alts at that time they will be rich for now, so I guess this statement should really be taken by anyone who want to join the scene and worry about those dumps coming.
1862  Local / Pilipinas / Re: NEW MARCOS ADMIN, OPEN TO DIGITAL CURRENCY on: June 06, 2022, 12:32:00 PM
Napanood ko yung ilang interview ni PBBM during campaign time, lagi niyang nasasabi yung tungkol sa digital infrastructure at kaalinsabay nito yung pagiging bukas niya sa crypto currency. Isa na ba itong magandang panimula upang ang Pilipinas at ang Gobyerno ay i-adopt ang Crypto?

BBM on Crypto:

https://www.youtube.com/watch?v=LcEH6O0JbXQ
Though maganda ang mga nababanggit ni PBBM nung panahon ng kampanya pero maalala nating hindi pa sya tuluyang nauupo ngayon may ilang mga araw pa si PDU30 at hanggat hindi tuluyang nauupo si Marcos at inilalahad ang kanyang stand sa crypto eh mahirap na Umasa , but for me magandang panimula ito dahil katulad ni PDU30 na hindi hinadlangan ang crypto sa pinas , sana mas maluwag pa at mas malakas ang maging suporta ng susunod na administrasyon .
Tama ka dyan kabayan, nakaka excite na magkakaroon na ng pagbabago o pag unlad sa bansa natin gamit ang crypto. Naniniwala ako na sususportahan ni PBBM ang hakbang ng crypto sa bansa natin kasama ng kanyang mga supportive na gabinete.

Dahil nabanggit nya ito sa isa sa mga vlogs nya for sure na susuportahan nya ang lumalaking industriya ng crypto sa pinas so for sure goods na goods tayo dito sa nee admin natin. Ang ayaw lang ng iba ay yung proposal na papatawan tayo ng tax pero sakin ok lang naman basta ba makatutulong ito sa bansa at make sure nila na hindi mapunta sa bulsa ng mga buwaya sa gobyerno.
1863  Economy / Gambling / Re: Roobet.com | Crypto’s Fastest Growing Casino 🦘 on: June 06, 2022, 10:54:23 AM
KYC is not really a problem because we need to live with it since most provably in future we will deal this on legit platforn where we want to go. And since Roobet has proven for so many times that they are one of the best casino then providing little personal detals will provably fine to its existing users. I will be worried about this if unknown or unreputable ask about this since I don't trust anything new and directly ask for your identity.
Talking about being legit, there is no denying that Roobet is a legit Casino, but when it comes to KYC, we must be prepared for anything that might happen in the future, such as our data being leaked, either because the website was hacked or the platform itself misused user data.  Agreed in the future KYC will be something hard to avoid.
Even the casino didn't want that but to comply the rules they have to enforce such requirements so they can operate and this is business so they just want to give smooth user experience also complying all the regulations needed. Anything in the internet can be leaked because even the most secured website hacked twice if I am not wrong so we have to be prepared when we are agreeing those KYC terms who knows in future these government will enforce more KYC which completely may take someone's privacy.

I feel that it’s safe to share KYC data with Roobet, because they’re taking extra precautions for protecting the user’s KYC details eg using 256 bit encryption, hence there’s very little chance of KYC details ever getting leaked. Furthermore as rightly said above we can’t escape KYC, but if a casino in this case Roobet has proper mechanism to safeguard our KYC details then there’s no harm in sharing it with them.

Compare to any other casino which is not been tested over the years I can also say that its quite safe to provide KYC in roobet because their reputation is good assurance that they will not rug or endanger us by leaking our data's in any forums or anywhere. For sure in future many platform will require this before registration on every legit casino so people needs to accept it but take precaution and only do it on reputable casino not with those risky our shady ones.
1864  Local / Altcoins (Pilipinas) / Re: Axie Infinity Philippine Thread on: June 05, 2022, 10:36:48 PM
Pano kayo mababalik ang tiwala ng mga investors na nalugi?

babalik siguro kapag nakahanap ng paraan kung laging mas mataas ang burn kaysa sa mint ng slp.
Posible pero mahirap.

Nakita na natin ang Pegaxy na triny taasan ang burning mechanism nila pero sa huli ay nag fail pa rin ito at sa ngaun, ang presyo na lang ng VIS ay mas mababa pa sa isang sentimo. Sa totoo lang ito ang isa sa pinakamahirap na solusyunan ng mga P2E games sa ngayon. Paano gawing mas mataas ang Burn kaysa sa Mint rate.

Kahit sa Axie mejo nagdududa rin ako na magagawa nila yun kahit maidadagdag ang runes at charms na burning mechanism. Hindi ko alam sa sarili ko kung paano nila to masosolusyunan pero if meron mang solusyon dito, pwedeng bumalik ang Hype sa P2E space.

Magkaiba ang nangyari sa pegaxy kasi base on observation(opinion ko lng ito) wala kaso sumusuporta sa volume nito sa mga exchange kaya kita natin na bagsak talaga pati volume nito kumpara sa slp na malaki parin talaga ang volume nito sa exchange dahil may mga whales parin na sumosuporta dito kahit na bagsak ang presyo.

At siguro may changes narin yan lalo na pag lumabas na yung mismong origin dahil for sure hype ang kalalabasan nyan. Siguro temporary lang ang mangyayari dahil for sure makikita lang talaga natin na tataas ang presyo nito pag nag bull run ulit si bitcoin.
1865  Economy / Gambling / Re: Gambling Brand Name Vs Site Functionality? Or Both? on: June 03, 2022, 10:09:10 PM
There are thousands of betting sites for gambling. People from different sites are flocking to the gambling halls.But the sites that we use especially for betting are the sites bet360, again what I know before is unfamiliar to everyone, so many people think it is too good to gamble That is betfury, bitgame etc.

There are indeed sites which might not be popular into this forum but its popular on to those traditional market specially in fiat that recently integrated fiat which it isnt really that surprising that people

would really stick out on gambling sites which are known into this market specially to those who had been market or does have some aggressive promotions and exposure into this market.

Brand name is important but of course functionality would really be the main in concern if you are running a business for long term.

Brand name can be build up by anyone who's been serious to build a name on gambling industry so anyone would take that if they have unique functionality which can make their gamblers feel entertained when they play at their site. I also want to stay on known gambling sites but I also always find those functionality so for me both of this are so important so that it can be more interesting place for gamblers to stay because any absence of this will make gambler tired and jump to another one if they find the other competitor offer this and more.
1866  Economy / Trading Discussion / Re: Mentor experience in crypto trading. on: June 03, 2022, 02:32:48 PM
Your post does not look well convincing for me. How do you bring in Satoshi into your trading experience. Is Satoshi teaching you or anyone how to trade? Do you know who Satoshi is? Common on, that part of your post looks more like you just want to post something here. You trading with a lot of money hmmm, do you really have that kind of money ? I hope you don't start making newbies to confused.
Your post OP really got us all confused because you are dragging Satoshi into your crypto trading when the fact, this man has already hidden from the spotlight. Or maybe you are referring to faketoshi i guess. But whoever you are referring to as your mentor, he may be good in trading probably but he can't be profitable at all times. Afaik, losses is also part of trading that's why it becomes inevitable when we enter crypto trading.
Yes, basically no matter how good the mentor is, it can even be said to be very professional, I think he still has experienced losses in trading,
I agree with you that both profits and losses are part of trading that can never be separated,
it's absolutely impossible for sure to continue to profit

No one absulotely earns fast cash without putting on something we think it would be hopeful. Although they suffer losses but still we need to man up to overcome and think more starter to avoid consequences.

  For sure majority of the traders are not into it. For new young people better to know about crazy things because is might help to noveone from any risk.
1867  Economy / Economics / Re: Where to invest everything looking bearish on: June 03, 2022, 12:31:52 PM
I think cryptocurrencies is still the best opportunity for profit and we are worth making investment options, when the market red then we must be brave to try to invest in altcoins, some altcoins have good performance, especially the current trend, namely NFT and Metaverse can be used as a solution for investment when the market is currently bearish.

We are in crypto forum so most provably many would tell to invest on crypto but the question floating there is what crypto is best to invest especially for newbies who didn't experience the bear season losing yet. So what I can suggest since majority of coins are dump so better to accumulate the top coins like BTC,ETH,BNB,SOL and AVAX basic coins which we can see at the top but a good choice to be picked by newbies because they can rely in this knowing all of that coin is very much grabbed coin by hodlers.
1868  Economy / Gambling discussion / Re: How to Effectively Maximize Profits from Online Crypto Casinos on: June 03, 2022, 10:38:25 AM
I found this interesting article. It is mainly for beginners. It provides the proper guidance on how maximize profits from online crypto casinos. Beginners often find it difficult to win money from an online crypto casino often times because they have no strategy in place. The right techniques that gamblers must take cognizance of to make money and keep money from online crypto casinos are highlighted below:

  • Play free spots
  • Make the most out of casino commission benefits
  • Monitor your funds
  • Play the games that you’re skilled at
  • Be aware of your betting patterns.

Do you have any surefire strategies that works for you which is not in the list above?

You can read the article here: https://blog.bc.game/how-can-you-make-money-effectively-from-online-crypto-casinos/




Would agree to play on the games you're skill at because this could increase your chances to earn but we should always think that even if we are skilled it will not give us any guarantee that everyday is good day to us, for sure there's still a day that we are not so lucky that's why aside from skills we also need to have patience so that we will not get pissed up and bet more once we are starting to lose. Discipline is some what we need in gambling because if we have this for sure we will not get hype up and frequently we will always think to take profit once we are winning already.
1869  Local / Altcoins (Pilipinas) / Re: Axie Infinity Philippine Thread on: June 02, 2022, 11:51:18 PM
Nagtapos na ang journey ko pagiging scholar after 1 year and 8 months. Nag quit na si manager sa kadahilanang nahihirapan na siya at ang kanyang mga skolars kaya minabuting i-shutdown na yung scholar program nya. Nakalulungkot, pero ganun talaga. Napakalaki naman ang naitulong nito lalo na noong mataas pa ang presyo at kitaan.

Tama talaga yung narining ko rati na hindi na nagiging makabuluhan o nababawasan na ang halaga kapag nag umpisa ng maging obvious ang isang opportunity. hihi 😬 kaya maswerte talaga yung mga nauuna.

so far, for me, the best pa rin ang axie, dahil sa earning opportunity nito. Na hindi tulad ng iba na nakigaya lang para sa hype, FOMO at rug pull na project.

hinid pa rin naman nawawala ang pag-asa hanggat nandyan pa ang mga developers, yun nga lang hindi pa siguro nagiging effective ang mga updates nila sa ngayon.

Sad to hear this but ganito talaga mangyayari at mukhang di na nakayanan ng manager mo ang pressure na bakikita nya sa market kaya nag desisyon na syang bumitaw.

Pero if gusto mo pa maglaro pwede ka bumili dahil mura ngayon ang presyo ng axie wala kapang kahati sa kikitain mo. Pero matatagalan kapa ngalang maka roi.

Ang pinaghahawakan nalang ng mga patuloy pa na nag lalaro ngayon ay yung mga updates ng devs at hopefully magkaroon ito ng magandang resulta.
1870  Bitcoin / Bitcoin Discussion / Re: Paid the birth fee using bitcoin at the clinic, by accident. on: June 02, 2022, 12:38:59 PM
The moving story about the bitcoin emergency last night has helped me, last night my wife gave birth to my first child at 02:45 at one of the nearest clinics about 500 meters from my house and at that time I didn't have any cash, which I actually had prepared for ATM birth fees.
because the ATM is far from my place and I immediately took my wife to the clinic and all I thought about was my wife's safety, and at that time I was confused about the delivery fee because I didn't have cash and if I went to the ATM it was very far and also my wife no one to accompany and provide support during childbirth.
and after my wife and first child survived, the doctor took off his robe he wore a t-shirt with a small bitcoin image and spontaneously I asked if the doctor was involved with bitcoin and he said yes. And then I rubbed my chest and I said can I pay all the birth fees in bitcoin and I ended up paying in bitcoin about 0.007 or about $210.

sorry if my words are not good and also incomplete because this is my first experience paying using bitcoin by accident and it doesn't mean the clinic accepts payments using bitcoin but coincidentally the owner and he himself is a doctor and happens to be involved with bitcoin.

and my son's name: Muhammad Alvan Khaleed (male) and born on June 2, 2022 at 02:45.

And it's also my first time to create a Thread because of the unexpected and unforgettable experience

Great experience to read and this is really meant for you because imagine that you are in rush then doesn't have anything to pay but luckily doctor itself is also a bitcoin user so this is really a good story to tell to anybody. And also its good to share this on social media as part of your story because for sure this one will create some curiosity to the people who will be touched by the story you experienced at that time.

And also congratulations for new born child.
1871  Economy / Economics / Re: Crypto exit strategies on: June 02, 2022, 10:38:42 AM
I think that such methods are common and known to the majority of crypto investors... and in my opinion, the crypto market is a bit different compared to other investment markets and this market is more difficult for investors to guess, so often crypto investors just hold their tokens in the long term

Not everyone knows that and there are so many newbies in the scene so maybe what OP written here might help but I doubt the intention because I don't trust people posting some links here but I guess this one should is also good to see for those people to build their own strategy which they think suitable for them. I don't be surprise if majority don't follow this because at the end of the day we all have different strategy on how we do our trades.
1872  Economy / Gambling discussion / Re: 2022 NBA Season - Finals on: June 01, 2022, 10:03:57 PM
With what I witnesses watching the Heat vs Celtics, There is no way in my mind that Boston even makes it a game vs the Warriors. Their only Chance is if Tatum and Marcus Smart play great offense and great defense every game. If those 2 leaders for the Celtics have a bad game, they will lose the game. They don't have a deep enough bench IMO.

Even if Tatum and Smart have poor performances, the Celtics can still hope for Jaylen Brown. This guy was pretty good in the series against the Heat. In addition, Horford can also be useful for the Celtics, especially in the paint. However, you're right that the Celtics have a bad bench. I would even say this is their main disadvantage because their coach allowed only 3-4 bench players to play in the previous series, while some players in the starting lineup played for 40+ minutes almost every game.

This also how balance this team because they have much reliable guys around but the problem is what can they do if Jalen and Tatum struggle? for sure they struggle on offensive ends. But guess majority believes that GSW would able to win this since imagine Gary Payton is out vs Mavs but still they perform very well on defensive ends and most provably they became more better once Payton play in finals.
1873  Economy / Gambling discussion / Re: How can a new sportsbook gain trust? on: June 01, 2022, 03:53:59 PM

Hot wallet isn't been filling for days sometimes weeks but they are still legitimately putting funds but ofcourse players need to wait for a while lol.

yes lets look for more positive sites more than these kind.

And how long they would go in that situation and if they are inattentive to see that always happen on their casino then most provably their users will lose their trust because nobody want to wait for so long especially we are dealing up some cash here. If a casino wantto earn reputation they better stop this action and improve their service because this could being more income to casino owners if their costumer will get satisfy on what they are playing.
1874  Bitcoin / Bitcoin Discussion / Re: Is it a good time to start accepting BTC? on: June 01, 2022, 12:47:50 PM
Hello all,

I have been following Bitcoin prices for some time, and now I'm doubtful if it is a good time to start accepting it as it has changed so much in the past months. Those who accept Bitcoin - is it worth it? And do you accept Bitcoin straight to your wallet, or do you use third-party services?

Thanks in advance!
Bitcoin is now 31k$ at price so there is no harm on trying to accept it because it is low price this time it is low risk than any other coins in crypto and i think we can surely earn if btc market back to bullish again. Accept bitcoin today before its too late, bitcoin change everytime and so unexpected very surprising and exciting specially during to bear market so i suggest to buy and hold for now and wait for bullish market and enjoy your earning soon.

$31k is quiet low compare seeing the price last year on bitcoin so maybe we can still say that its safe for starting up merchant to accept this because they might see more better result once bitcoin recover backs or hit more huge figures in future. Also this will be beneficial for merchant to accept this because curiosity will start to build up and they might be drag to the hype of bitcoins once its fame spread to their neighborhood also in global markets.
1875  Local / Altcoins (Pilipinas) / Re: MIR4 NFT game? on: June 01, 2022, 10:50:34 AM
NFT's yan malamang tulad ng sabi ni acroman. Mali kasi talaga na binenta ng mura yung mga characters. May iba kasi na talagang iniiwan lang ang PC para ipalevel kahit basurables lang ang suot. Tulad nung isang nakita ko na level 97 na Arbalist. Mukhang nagoyo or sadyang gusto niya lang ng mataas na level na agad ang bilhin niya.
Ang problema madaming mas malakas pa sa kanya na low level dahil nga ang suot puro Vigor gems lang para tumaas HP at mahabol yung PS.
Mga ganyan mumurahin lang talaga dahil arbalist pinakamabilis din ipalevel. Mostly no efforts din sa suot at wala masyadong codex.
Hindi mapipigilan yan lalo na yung ginawang business ang gumawa lang ng character at ipalevel. Ewan ko lang kung worth it pa gawin yun ngayon sa sobrang mura. Susuko din yan in the long run kapag lugi sa kuryente.  Grin

Maling mali talaga lalo na sobrang lugi sa pagod palang dahil ilang buwan mo ito e grind at tsaka for sure bumili kapa ng sarmati ng ilang buwan mong paglalaro at ibebenta lang sa mababang halaga kaya ineexploit ito ng mga abusers dahil kung malakas ang mabili nilang minero e makakarami sila ng mamimina dahil di ito basta basta napapatay ng mga players.
1876  Economy / Gambling discussion / Re: [Boxing]: Ryan Garcia vs Javier Fortuna - July 19 on: May 31, 2022, 11:09:21 PM
Why is The Golden Promotion feeding this kind of fight on Ryan he is already ripe he is not a starter boxer he should be fighting the like of Haney, Kambosos, or Tank it seems he is not yet ready for the big fight, big-name fighters in the lightweight division have done a lot and fought the best and win the title, but look at Ryan he is just all talks but he and his promotion cannot back it up.
It's so obvious that The Golden Boy promotion doesn't want to kill their goose that lays the golden egg yet.

It seems like they're taking advantage of his fame but they should let him prove that he could do more. They should give them the spotlight by letting him handle a good match. However, I'm not underestimating Fortuna, he's also a promising boxer but the management should also allow Ryan to face harder matches which could mark so people would really see his full potential.

Yes, Ryan shouldn't underestimate Fortuna, we don't like his performance against Tagoe in his last fight. So he better give us fans our money's worth when we watch this one. I watch Fortuna's highlight, he sure can bang and maybe he will caught Ryan just like Campbell did. I'm seeing that this is another busy fight for Ryan before a big fight maybe at the end of this year, probably December, I reckon. It could be Davis, or another champion in this division.
Some do say that Garcia did well on that recent Tagoe fight but even myself was disappointed on that one if you do really knows or see on how Garcia fights into those years where he hadnt a long break.

Footwork wasnt that good, aggressiveness wasnt good on that too.. Too much confidence but the speed is still there but the sharpness and precision of jabs arent something just like before.

He shouldnt underestimate Fortuna if he dont like for tables to be turned.  Cheesy

25 wins by KO is not an easy opponent so Garcia should not take him as easy opponent since even if he is undefeated if Fortuna's experience will dominate this fight then provably his perfect record will stained by 1 defeat. But most provably their promoter know that Garcia has advantage with this fight and seems they are shaping this guy to stretch his record so that he can get more bigger fights in future.
1877  Local / Altcoins (Pilipinas) / Re: MIR4 NFT game? on: May 31, 2022, 11:45:01 AM
^Mayroon na din pala sa inyo niyan. Sa amin din nagugulat mga ka-clan ko. Malalakas daw yung bot mahirap na agawan at minsan magmimiss ka pa sa taas ng evasion. Hindi ako nagmimina pero naririnig ko nga sa kanila at mga alt daw nila minsan deads.
Mukhang naginvest na din yung may-ari ng bot at bumili na ng mga character. Eto yata yung mga bumibili ng mga level 75+ sa Facebook Mir4 page. Ang requirement pa eh dapat 5-6 seconds ang mining skill. Matindi tindi ng pangangailangan ng mga yan.  Cheesy Ginawa na talagang business yung laro eh kaso sa maling paraan. Anyway, pabor naman sa Valley holders.
Anlalakas talaga ng mga bot ngayon kaya ang pangit mag mina talaga, ewan bat di pa to na aaksyonan ni mir4 dahil pinepeste talaga ang larong to ng mga bots. Kaya minsan din napapa isip ang iba na baka gawa lang din to ni mir4 ang bot nato para ma lessen ang pag mina ng DS. Pero kung gawa lang to ng mga tao siguro mainam na pag me nakitang bot e report to sa kanila para sila na bahala kung aaksyonan ba talaga nila ito o hindi.

Grabe naman yung mga yun, talagang nag invest para lang makapang lamang, oh well wala naman tayong magagawa either gawa ng MIR mismo

or kung sinomang nakakaintindi ng pang lalamang sa game na to, yung mga gusto pang magtuloy eh tyagaan na lang din pero dun sa mga tatamarin

na rin baka magbenta na lang o maging minero na lang ng tuluyan mga character nila.

Sa dami ba naman ng kinita nila sa mga bots na pinapakawalan nila for sure nakapag ipon na ang mga may ari nyan ng pambili ng malakakas NFT at sa presyohan ba naman ngayon makakabili kana ng 100k ps and up na account sa halagang 18 - 25 wemix lang. For sure yung bot owners ay makakabili lalo na barya lang yan sa kanila.
1878  Economy / Gambling / Re: Pasino.com Provably Fair Seeding Event for Fortune Wheel on: May 31, 2022, 10:28:46 AM
@OP needs to change the ANN by providing details about the gambling site so that it will attract people to visit the thread. Maybe @OP needs to provide pictures like other gambling sites so we don't misunderstand what @OP wants.

I don't know much about code for verification but I think it's fair and I'm sure @OP wouldn't try to do anything wrong with the user.

This is the problem why this guy failed because they didn't explain more clearly the game what they are offering and not everyone knows on how to play that game so I expect this thread will get less attention from people who want to try something new to their eyes since in the first place the thread created by OP is not appealing so if this didn't catch any attention so this will not go any far.
1879  Bitcoin / Project Development / Re: Cryptocurrencies should be taught as a course under marketing on: May 30, 2022, 10:58:31 PM
Marketing is wide as a course and has different sub subject under it, from digital marketing, telemarketing, advertisements, branding and packing etc's .

Cryptocurrencies should be regareded as a course in marketing and taught in schools as a subject for marketing disciplines ,it will help build foundation and give a basic knowledge & understanding to the students and make everyone see how vulnerable cryptocurrencies have become.

Maybe it the area where it should be added is on finance since Bitcoin is form of money so I guess marketing is wrong place to be included because people will just have misconception towards their outlook towards bitcoin and instead they will think about that this is currency they will mislead to think that this is investment where there money possible can grow.

Bitcoin needs marketing but people needs to know its usage and purpose.
1880  Economy / Economics / Re: Who gains more from a cashless society using only the crypto market on: May 30, 2022, 09:54:14 PM
Crypto does give criminals new options, it's stupid to argue with that, especially if you look at how prelevant is crypto in ransomware or online marketplaces for illegal goods. But ultimately, crypto is not a gamechanger that could make crime levels grow so much that they would threaten society. Financial control still exists. A criminal still needs to launder their money, even if they are in crypto. Regulators just need to adapt to this, and they do.

Exactly crypto is already used for long time ago in buying illegal goods and that's what first thing I know on crypto so there's really no sense to think that this could prevent any criminal stuff or any good to lower down the crime rate as bitcoin doesn't have that feature at all. Maybe if all crypto platform will ask KYC if you perform transaction that could change the story because all people will be identify including those criminals.
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