You are viewing a single comment's thread from:

RE: Just because we live in the wild west, it does not mean we should accept criminal activity as being normal.

in #life7 years ago

I guess it was a rather emotional post and when I am emotional I tend to write longer posts but they are at least honest.
Make no mistake, online security will be the biggest issue this coming decade. It is built on a house of cards. In certain areas in cities crime is so high insurance is not available, if insurance companies begin to refuse banks or online shopping then it will lead to some form of financial apocalypse.
Crypto has the potential to change the world but without security it could also destroy it. Nothing lasts if it is built on FUD.
Control over the block chain is virtually impossible I agree, but then if it is deemed as illegal with a prison sentence attached I doubt if many ordinary folks would take the risk to themselves for their families. And as technology advances so will the methods of tracking and detecting. The web is infallible and always will be until the quantum web is invented. In the mean time all we can do is be as diligent as possible and try to balance the risks. What makes me so angry it that I did not fully foresee the threat from hackers and scammers would have on the crytpo-currency. Think about it, if we were all completely safe owning the altcoins then banks would have already been destroyed by now. The only thing that can make crypto grow is main-stream adoption and for the main stream population to get involved they need two things. Security and ease of use. Government crypto-tokens will offer that. Some altcoins will survive but many will vanish or go underground and once again be viewed as criminal.
Thanks for the feedback, always good to hear your thoughts my good fellow.