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Why Bitcoin Is a Scam

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Why Bitcoin Is a Scam
Alpha Offline
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02-12-2022, 08:50 PM (This post was last modified: 02-12-2022, 09:18 PM by Alpha.)
(02-12-2022, 12:07 PM)LevelUP Wrote:
(02-12-2022, 07:14 AM)utility Wrote: You can make this same argument about cash.

You are correct, in theory, criminals can use cash.  However, large banking transactions over $10,000 are tracked.  Criminals find it difficult to store large amounts of money under their mattress, sort of speak, or move money internationally.  This is what makes cryptocurrency is so attractive to criminals. 

5 REASONS WHY CRIMINALS & TERRORISTS TURN TO CRYPTOCURRENCIES
https://www.cognyte.com/blog/5-reasons-w...urrencies/

I have a generally cynical attitude about cryptocurrency and I don't mind saying that I'm not particularly interested in the topic but what LevelUp has said here seems common sense and almost certainly true.
If you're at all interested in crime stories then you might like this story
Everything You Wanted To Know About That Couple Arrested For Stealing $4.5 Billion In Bitcoin - Digg
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Messages In This Thread
Why Bitcoin Is a Scam - by LevelUP - 02-11-2022, 05:13 PM
RE: Why Bitcoin Is a Scam - by jsd - 02-11-2022, 06:20 PM
RE: Why Bitcoin Is a Scam - by Kal Di - 02-12-2022, 12:24 AM
RE: Why Bitcoin Is a Scam - by LevelUP - 06-13-2022, 10:02 PM
RE: Why Bitcoin Is a Scam - by StoicJ - 10-14-2022, 10:10 AM
RE: Why Bitcoin Is a Scam - by utility - 02-12-2022, 07:14 AM
RE: Why Bitcoin Is a Scam - by LevelUP - 02-12-2022, 12:07 PM
RE: Why Bitcoin Is a Scam - by Alpha - 02-12-2022, 08:50 PM
RE: Why Bitcoin Is a Scam - by Pats20 - 02-12-2022, 11:40 AM
RE: Why Bitcoin Is a Scam - by ss20ts - 02-12-2022, 11:52 AM
RE: Why Bitcoin Is a Scam - by utility - 02-12-2022, 11:46 PM
RE: Why Bitcoin Is a Scam - by millaterns2 - 02-17-2022, 09:00 AM
RE: Why Bitcoin Is a Scam - by SteveFoerster - 02-17-2022, 10:19 AM
RE: Why Bitcoin Is a Scam - by LevelUP - 02-17-2022, 11:46 PM
RE: Why Bitcoin Is a Scam - by LevelUP - 02-18-2022, 03:20 PM
RE: Why Bitcoin Is a Scam - by BSLIONS - 02-19-2022, 05:50 PM
RE: Why Bitcoin Is a Scam - by Alpha - 02-20-2022, 10:23 AM
RE: Why Bitcoin Is a Scam - by Alpha - 05-12-2022, 11:24 AM
RE: Why Bitcoin Is a Scam - by LevelUP - 05-12-2022, 03:32 PM
RE: Why Bitcoin Is a Scam - by SweetSecret - 06-14-2022, 07:55 AM
RE: Why Bitcoin Is a Scam - by SteveFoerster - 06-14-2022, 11:18 AM
RE: Why Bitcoin Is a Scam - by Kal Di - 06-16-2022, 10:51 PM
RE: Why Bitcoin Is a Scam - by Alpha - 06-17-2022, 07:42 PM
RE: Why Bitcoin Is a Scam - by Alpha - 06-19-2022, 10:53 AM
RE: Why Bitcoin Is a Scam - by LevelUP - 06-19-2022, 08:11 PM
RE: Why Bitcoin Is a Scam - by RavindraNagai - 03-13-2023, 08:45 PM
RE: Why Bitcoin Is a Scam - by cardiacclep - 03-19-2023, 11:54 AM
RE: Why Bitcoin Is a Scam - by EmilTurner - 06-28-2023, 04:07 AM
RE: Why Bitcoin Is a Scam - by MitchGola - 07-04-2023, 06:09 AM
RE: Why Bitcoin Is a Scam - by StoicJ - 07-05-2023, 11:27 PM
RE: Why Bitcoin Is a Scam - by Ronald_P - 03-22-2024, 09:56 AM

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