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Re: ghostRadio post# 66069

Wednesday, 10/18/2017 5:53:23 PM

Wednesday, October 18, 2017 5:53:23 PM

Post# of 156689
This view of cryptocurrencies is totally outdated. It sounds like what my Dad said to me when I mentioned Bitcoin. Almost no cryptocurrencies are being created to enable illegal activity. Apart from POT coin and maybe a couple of their imitators I can't think of any. The top 100 coins are almost all of the coins out of the nearly 1,000 that matter and none of them are about illegal activity. The most common use cases of cryptos are to enable financial transactions and exchanges and to create data storage. That whole "Silk Road underworld" reputation is old old news. And part of that is because few cryptos are truly anonymous and untraceable. Once you know someone's Bitcoin address you can track every transaction they've ever made. That's why cryptocurrencies are perfect for creating contracts - the blockchain record is immutable and you'll be able to see you transactions there forever.
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