The danger of the cyptocurrencies

[Superways]

Some of the dangers of digital currencies is that many are run by scam devs and thieves that try to rip off the normal people and then run off with all the BTC they have collected. I have seen this happen way too much over the last few years and I am sick to death of it.

That is true I think we now do not need any other crypto currency as bitcoin is doing all we need for our digital use and with the use of bitcoin we are satisfied with it and no any other developer need to provide other coins but have to support bitcoins.

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[Daisy14]

The government can't control the bitcoins that we store in paper wallets, those can essentially take the place of fiat.

[Jonar21]

Interpol already in all the interests of users and their financial transactions. Money which are translated using bitcoin is not entirely clear, and sometimes even criminal.

[prabowo96]

Interpol already in all the interests of users and their financial transactions. Money which are translated using bitcoin is not entirely clear, and sometimes even criminal.

This is like any currency, yes we can see a lot of illegal earnings over there, ponzis, scams, etc and of course people have to declare from where the money comes from, and that's why bitcoin have a bad reputacion, because of the large number of ilegal activities, but it's not bitcoin fault, just people...

[susila_bai]

Interpol already in all the interests of users and their financial transactions. Money which are translated using bitcoin is not entirely clear, and sometimes even criminal.

This is like any currency, yes we can see a lot of illegal earnings over there, ponzis, scams, etc and of course people have to declare from where the money comes from, and that's why bitcoin have a bad reputacion, because of the large number of ilegal activities, but it's not bitcoin fault, just people...

Their is always negative and positive in everything , it is upto the users who are using bitcoin in which way they want. Why even fiat currency is also used in illegal and scam activities but it does not mean that who ever is using fiat currency are doing same criminal activities. So it is same like in bitcoin it is upto the users who are using the bitcoin in which way they want.

[iv4n]

Danger can be everywhere, how to prevent bad things to happen is important question, but with crypto anonymity some people find ways to do illegal things with help of cryptocurrencies. It's too early to think about kids, how will they use crypto currencies, and how we can prevent them from losing that money on porns and other bad things like its drugs and weapon. Can you picture 10 year all kid with good knowledge will easily buy something on black market and nobody will notice.

[Harlot]

I don't think the government will able be in favor of a cashless world. As having a cashless system Bitcoin perhaps will make certain crimes hard to track as the transactions now are wireless and untraceable. There are certain benefits with it yes but the disadvantages are greater of course a cashless system means every people must have internet and a phone to transact with it, I don't know but I don't think farmers or small businesses will ever adjust to that kind of system.

[JITENDERPAR3]

in my opinion there is no risk of crypto currency . because it is totally safe and totally cashless .
so we don't need another type of problem to face with tgis that makes us complicated to use .
overall i will say it ia totally safe more than the credit card or debit card money system .

[genos]

Interpol already in all the interests of users and their financial transactions. Money which are translated using bitcoin is not entirely clear, and sometimes even criminal.

This is like any currency, yes we can see a lot of illegal earnings over there, ponzis, scams, etc and of course people have to declare from where the money comes from, and that's why bitcoin have a bad reputacion, because of the large number of ilegal activities, but it's not bitcoin fault, just people...

Their is always negative and positive in everything , it is upto the users who are using bitcoin in which way they want. Why even fiat currency is also used in illegal and scam activities but it does not mean that who ever is using fiat currency are doing same criminal activities. So it is same like in bitcoin it is upto the users who are using the bitcoin in which way they want.

Users control their bitcoin. Bitcoin is created to be a currency and other investment although it is being potential to an investment to. People who have sins heart will use everything to do a crime, include bitcoin. But people who have holy heart will use everything of their to do a good thing, and bitcoin can be the good way to change the world in positive. Bitcoin anonimity was being the reason why criminal use it for their crime, but it still not bitcoin fault becouse so many people use bitcoin not in crime too.

[Caladonian]

I don't think the government will able be in favor of a cashless world. As having a cashless system Bitcoin perhaps will make certain crimes hard to track as the transactions now are wireless and untraceable. There are certain benefits with it yes but the disadvantages are greater of course a cashless system means every people must have internet and a phone to transact with it, I don't know but I don't think farmers or small businesses will ever adjust to that kind of system.

that's needed to be consider mate we can't just migrated to another system without allowing them to learn first, if this can be adopted the only problem i seen is government is no longer in control and many types of illegal things can be process without their jurisdiction i know some of it already been arond but if most people knows how to deal with it we can no longer control.

[ArdiPrabowo]

Interpol already in all the interests of users and their financial transactions. Money which are translated using bitcoin is not entirely clear, and sometimes even criminal.

if you agree in write statement and say op
and you write in use cryptocurency danger interpol is hunting and find user cryotocurency
why you still in bitcointalk, you still make signature campaign wigs and get alctoin

if you statement and say not equal is your work , because you still find bitcoin and altcoin

[geopolisch]

Some of the dangers of digital currencies is that many are run by scam devs and thieves that try to rip off the normal people and then run off with all the BTC they have collected. I have seen this happen way too much over the last few years and I am sick to death of it.

That is true I think we now do not need any other crypto currency as bitcoin is doing all we need for our digital use and with the use of bitcoin we are satisfied with it and no any other developer need to provide other coins but have to support bitcoins.

Yes , that true one should just be very careful how he or she deals with other peope they do not know because most of the people are just out there to cheat. Apart from the devs there are other once that use investment sites also to cheat, they will promise yo good money but after investing your money they will run away.

[eternalgloom]

If the government would really abolish all paper money, then it's not cryptocurrency you need to be afraid of, it's the traditional banking system.
Still, I think there's a low chance that this will actually happen in the near future.

[arransiv]

If the government would really abolish all paper money, then it's not cryptocurrency you need to be afraid of, it's the traditional banking system.
Still, I think there's a low chance that this will actually happen in the near future.

Maybe a socialism in latin america can abolish paper money and create a coin for all the block, think about, a power of a continent, working with less taxes, fast deals... Yes, it can happen, technology nowadays is a big thing, "everyone" have a cellphone, so in the future maybe you just need it to go to supermarket or whatever place you want.

[shinratensei_]

Interpol already in all the interests of users and their financial transactions. Money which are translated using bitcoin is not entirely clear, and sometimes even criminal.

if you agree in write statement and say op
and you write in use cryptocurency danger interpol is hunting and find user cryotocurency
why you still in bitcointalk, you still make signature campaign wigs and get alctoin

if you statement and say not equal is your work , because you still find bitcoin and altcoin

That's so far for think about the Interpol will catch the bitcoiners just caused by their financial transaction. the most institution is always against the bitcoin are the financial institution, because the ideology of bitcoin is very different with their ideology. and I never think for involving the Interpol in here.

[clickerz]

in my opinion there is no risk of crypto currency . because it is totally safe and totally cashless .
so we don't need another type of problem to face with tgis that makes us complicated to use .
overall i will say it ia totally safe more than the credit card or debit card money system .

Same with your opinion,I think there is no risk (legal) if you are doing or earning/spending your bitcoin right. A problem or danger will come if you are doing illegally using bitcoin. The problem i see on bitcoin is when the value goes down which I know will not happen abruptly.

[romero121]

Cryptocurrencies never get into danger due to statements put forth by the developers or due to decentralization. If world economy is affected much by the digital currency network, sure countries will get united with strong regulations to the use of digital currencies. This might be the only danger for cryptocurrencies.

[Oilacris]

in my opinion there is no risk of crypto currency . because it is totally safe and totally cashless .
so we don't need another type of problem to face with tgis that makes us complicated to use .
overall i will say it ia totally safe more than the credit card or debit card money system .

Same with your opinion,I think there is no risk (legal) if you are doing or earning/spending your bitcoin right. A problem or danger will come if you are doing illegally using bitcoin. The problem i see on bitcoin is when the value goes down which I know will not happen abruptly.

Using bitcoin illegaly would  be  only a  big problem though , and  i dont see other danger  anything  beside from that  its being used  by some illegal things.  Bitcoins price  decreasing  isnt  a  problem at all hence  its just a normal thing for bitcoin and  also a good time  to buy more  cheap coins.

[arcanaaerobics]

in my opinion there is no risk of crypto currency . because it is totally safe and totally cashless .
so we don't need another type of problem to face with tgis that makes us complicated to use .
overall i will say it ia totally safe more than the credit card or debit card money system .

Same with your opinion,I think there is no risk (legal) if you are doing or earning/spending your bitcoin right. A problem or danger will come if you are doing illegally using bitcoin. The problem i see on bitcoin is when the value goes down which I know will not happen abruptly.

The bitcoin can be a risk if it's not allowed in your contry por example, how do you declare the earnings and things like that?
Also if it's ilegal, probably don't have any exchange too...

[Harlot]

If CIA is behind a cashless world then the Criminals will be gone in a day. As tracking them would be possible and all wallets are controlled by the government. There won't be anymore freedom on where you spend your money as it will be monitored everywhere. Even creating a new wallet address must be screened by the government. But I don't think that is possible as it is a violation of privacy.