Cryptocurrency: Criminal's Cyber Money

I can still remember clearly back in the early days of cryptocurrency, specifically bitcoin, there were a lot of speculations that cryptocurrency's main purpose is to fund and help operate criminal activities.

Sure, the mind of the masses is pretty creative when it comes to imagination and conspiracy theories, and scandalous materials.

Back then, the most popular aspect of cryptocurrency that the public knows is that it is untraceable and is not monitored by any government.

Then the speculation began. Since cryptocurrency is untraceable and the government could not touch the money, people believed that its only probable application is by using it in the dark trade and availing of illegal products and services.

This belief was only fueled and was strengthened when the news of the underground market Silk Road on the darknet was uncovered.

Silk Road was an online marketplace where you can buy or sell goods and /or services and where everybody is anonymous. The buyers are anonymous, the sellers are anonymous and the transactions and the traffic are not monitored.

You will need to use a specialized browser to access another layer of the internet to be able to log into the market and avail of the products and services.

The seizure of the site sparked a new kind of hell when it comes to media publications, news, rumors, and just rocked the whole world. And of course, people had more reasons to believe in the saying that cryptocurrency is used for illegal activities. Mainly because the primary currency used in the site Silk Road was Bitcoin.

Now here's the thing, motorcycles and cars are just wonderful inventions, right? They were just good things that changed the whole world for a better place in terms of convenience, transportation, and our economy. But these things are massively used in crimes. Different kinds of robbery, murders, abductions, and just about any other crime may also be associated with these marvelous things. So what does that mean? Are these things made for illegal activities too?

Don't even start me off with guns. LOL

I guess what I am trying to say is, whatever thing it is, a criminal mind can use it if he wishes to. No matter how beautiful or innocent that thing could be, no matter how progressive it is, they can associate it with their repertoire.

This belief may just be a product of the ignorance of the masses. You know how we humans do. We are always afraid of what we do not understand and we have that lingering fear when we do not understand something.

Cryptocurrency, the Good Money

Just as real money, cryptocurrency can be used to buy and avail things that make us happy and makes everyone else around us smile.

Earlier this year, I was able to celebrate my birthday to the fullest, from my own pocket with the use of the cryptocurrency I was able to save up from using this platform.

From the few parts of a BCH I was able to earn from months of being on this platform, I was lucky enough to treat my whole family to a sumptuous and joyous celebration. I was able to splurge a little bit without worrying about tomorrow's bill because the expense didn't come from my usual salary. I was really grateful to the platform and to all the sponsors that made it possible.

And through the same efforts, I am glad that I was able to save a little amount to make my family's Christmas a little bit merrier. It's really imperative to celebrate every time we get a chance because if there's a lesson this pandemic taught me, that is "everything could end in just a blink of an eye". So I think that it's a really good idea to spend a little bit more, share a little bit more, and be happier even if it's just a little bit more.

Also, if you browse long enough across the platform, you will read from time to time about charity drives and effort that is powered by cryptocurrency too. If that's not a good use of cryptocurrency, I don't know what is.

Epilogue

• Cryptocurrencies are used for illegal activities

I just hope that with all that said, this myth is considered to be BUSTED. Anything can be used in illegal activities, and on the other hand, cryptocurrencies can be used in anything and one day, it may even help us achieve unbelievable heights of progress.

Nothing is made for good or evil, it is the hands of the holder that could make it bad or a good thing.

Hi!

This article is my entry to 2021 road map: Busting small blocker myths about Bitcoin and others. Many good and well-written articles were already submitted and if you haven't participated yet, what are you still waiting for? There are only a few days left to submit an entry. Let's go!

Author's Links

Noise : https://noise.cash/u/MeitanteiKudo

Torum: https://www.torum.com/signup?referral_code=meitanteikudo

Telegram:meitanteikudo

Twitter : boynextdoor1409

SLP : simpleledger:qz0y8087sdzhs8dj64fjs6y2flzk3t98e50npzz9wn

BCH : bitcoincash:qz0y8087sdzhs8dj64fjs6y2flzk3t98e5rg2eh9sd

smartBCH : 0x65EFE3C9A7D1265E39451A366E457d2C93042bac

Series    : Competition Entry
Title     : It Hurts
Published : 05-Dec-2021
Author :  © RB