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RE: Warning: IMF Boss Warns of Crypto´s Evil Side : Money laundering, terrorism, and economic instability.

in #esteem7 years ago

The thing is it is not the first time something like this is happening. Fiat has been being used for terrorism, money laundering and drugs. So you can't just blame a new technology or new way of financing for responsible to this. Governments just need to upgrade your systems and move with time.

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Good point indeed, thanks for your comment

That's right. Most new technologies are being used by terrorists like internet, airplanes, mobile phones. We cannot forbid technologies just because they can be used by bad people.

More interesting is that cryptos can actually reduce terrorism, because it's mostly caused by wars, which are funded by fiat system through taxes. But obviously most governments won't tell you the truth, because they need to threat citizens so they can justify more surveillance and laws against freedom of speech.

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