Will cryptocurrency create peer-to-peer transfer problems in the future?

[hatshepsut93]

It's true that Bitcoin is a useful tool for criminals, you can see the high share of ransomware attacks demanding Bitcoin as the payment method, which is far superior in this case to any fiat methods. But there's not much a government can do now, banning Bitcoin won't solve anything, Bitcoin is impossible to ban and the criminals would still use it and trade it for fiat on black market. And because of Bitcoin's public nature some criminals will get caught because their transactions got traced on blockchain.

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[hd49728]

It's true that Bitcoin is a useful tool for criminals, you can see the high share of ransomware attacks demanding Bitcoin as the payment method, which is far superior in this case to any fiat methods. But there's not much a government can do now, banning Bitcoin won't solve anything, Bitcoin is impossible to ban and the criminals would still use it and trade it for fiat on black market. And because of Bitcoin's public nature some criminals will get caught because their transactions got traced on blockchain.

If they can not stop money laundering through fiat currencies, banks, they will less possible stop money laundering through Bitcoin and cryptocurrency.

It's true to say Bitcoin and cryptocurrency can be used and are used for money laundering but say it is like biggest threats for governmental control in their economy, finance on their citizens, I don't think this is correct.

Defending privacy does not always mean it is money laundering and privacy is one of human rights.

[iBaba]

For me, I think the peer to peer transfer already has a problem and this problem started since several countries of whom adopted it, decided to regulate it.
Upon regulation, a country like Brazil has centres or should I say mini banks, that help do direct transactions from cryptocurrency to the local currency or otherwise.
This is why I see it as a problem that has already had a solution for future purposes, because the decentralized network has mostly now been infiltrated by the centralized network and although P2p still works, there has been other means of transactions that exist wherein P2p may be considered invalid, old or out of date.

While I agree with you,  I still dont think it's much of a hassle yet. The fact that the government of many countries are finding different ways and methodologies to infiltrate the decentralized technology cannot be overemphasized however they cannot be successful in most cases as people are ordinarily interested in gaining their financial freedom away from the centralized system which has been practiced for a long time. And as such, there have been many unsuccessful attempts to penetrate the system,some which ends up in government bans and charges as well as allegations leveled against them to disrupt the process. So, they can only continue to try options but they can not completely infiltrate the system or terminate the processes and I think the P2P platforms have come to stay and can only get more advanced over time.

[nelson4lov]

It is public knowledge that any and all crypto transactions are non-reversible in nature and that is why emphasis is made and will continue to be made about the importance of confirming transaction details prior to broadcasting the transaction to the network. For someone that has been using crypto for a while, OP's concern shouldn't be a problem because you only want to make transaction when you're absolutely sure about the recipient as well as the recipient address plus memo if required.

For people that want that bit of transaction censorship, they can try escrow platforms. There's no way the Bitcoin network is going to be robust enough to serve every use case.

[Bushdark]

Bitcoin is for peer to peer transaction that is why when we want to sell our coins we need to look for someone that is ready to buy and pay for it immediately without any delay. This is where the centralized exchanges comes to play helping users to trade their Bitcoin conveniently without any problem that could come in between. They act like an escrow which is one thing that increases and attract investors to want to buy and sell without any problem.

[Belarge]

Bitcoin is for peer to peer transaction that is why when we want to sell our coins we need to look for someone that is ready to buy and pay for it immediately without any delay. This is where the centralized exchanges comes to play helping users to trade their Bitcoin conveniently without any problem that could come in between. They act like an escrow which is one thing that increases and attract investors to want to buy and sell without any problem.

Exchanges are made available for P2P when it comes to buying and selling of crypto and stablecoins in the market. Bitcoin investment is important and at the same time, we should be careful because the slightest mistakes will results in huge losses in the system. We should be ready to upgrade our figures because dormant earnings doesn't seem any appreciative, instead we should continue fighting for prominent results and also wanting the very best for ourselves.

[AmoreJaz]

Bitcoin is for peer to peer transaction that is why when we want to sell our coins we need to look for someone that is ready to buy and pay for it immediately without any delay. This is where the centralized exchanges comes to play helping users to trade their Bitcoin conveniently without any problem that could come in between. They act like an escrow which is one thing that increases and attract investors to want to buy and sell without any problem.

And this is why most top exchanges with p2p features are getting traction because they are trusting the platform itself. Though p2p platforms are already present but you can't get away the fact that some scammers can still penetrate a third party platform. Hence, many traders are using for example the binance p2p because they are confident that the buyer/seller won't screw them.