CRIMINALS FOCUSSING ON CRYPTO CURRENCY IS A BLESSING

The more attention there is from criminals, the safer and more mainstream crypto currency will become

Talented criminals are often innovative thinkers.

Criminals are often innovative thinkers

Take successful smugglers. They literally made it their job to cross borders. Apart from inventing the smartest methods to keep brigades with their cargoes and packages out of sight of the customs and flying borders, they are, in a certain sense, also visionary. You can object that they take the ‘free movement of goods’ too literally, or grossly exaggerate. Or just being very malicious people. But that eventually we will grow towards a world market with one set of universal rules — and that national boundaries are on the way to becoming weird obstacles, which ask for them to be ignored — is not a crazy idea at all. And that large-scale, internationally organized crime, including tax evasion, forces all kinds of national authorities to cooperate better (and to introduce more universal rules) is even less of a crazy idea.

Criminals are therefore to be regarded as the maligned pioneers of further globalization.

Another interesting example.

Thanks to the rise of Facebook, smart tinkers all over the world have discovered that you can make good money by placing attractive fake news messages on this global platform, where a lot of people click on. It is true that they ‘abuse’ Facebook initially by posting nonsense disguised as news. But in the second place they are the drivers of innovation, because Facebook was under attack by their fake news from politicians and public opinion, who were about to conclude that you ‘can not believe anything more’ from what is on Facebook. Under penalty of reputation damage and a severe dip in income, Facebook boss Mark Zuckerberg was forced to work in the highest gear to counter fake news. Because of this fast action, Facebook has maintained its credibility or has even become more credible.

In this context, for example, think of the shadowy porn industry, which has given an enormous push to the technology of online payments (the payment of dirty movies) and streaming video (YouTube & Netflix) at the beginning of this century, and the conclusion is clear …

Many relevant innovations are driven by criminal or semi-criminal threats.

Why do I find it important to emphasize the marriage crime / innovation in this blog? Well, because news about crypto currencies, such as Bitcoin, is too often dominated by stories about thieves who would use cryptocurrency for their large-scale, illegal practices. And that those thieves’ practices would prove that cryptocurrencies will never grow up. And therefore can not become a fully-fledged means of payment.

I say: the opposite is true.

That criminals deposit on cryptocurrency is the best proof of their potential. It will certainly make its use safer, and it will ensure that cryptocurrency becomes mainstream much faster.