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[AudraMiller]

Since the start of cryptocurrency and the times that teh market has boomed, there has been many people that remained sceptical about the currency, even going so far as to not be sure whether it will help or destroy our economy. In a recent article it seems that the CEO of Metella Royalty is saying that cryptocurrency is likely to cause the next financial crisis. This is a rather bold statement to make. Do you agree with his outlook or do you think crypto can help in stabilizing and developing financial economies?

 

[IB DD]

Everything in this world has both advantages and disadvantage. You just have to look for the advantages that can happen when you are using the cryptocurrency. The focus on the uses of the cryptocurrency for your business as well as normal transactions.

When you look at the potential harm caused the crypto is poised to cause or have already caused, you would agree that there is a genuine cause of concern. Terrorism financing is the most dreadful harm that cryptos can cause.

 

[holie]

They are All a Matter of choice, there are so many positive that could be used by people who hold cryptocurrency, transactions across the world could easily be done with cryptocurrency. But there are still others who are using it for the wrong purpose..

 

[HussainSherazi]

They are All a Matter of choice, there are so many positive that could be used by people who hold cryptocurrency, transactions across the world could easily be done with cryptocurrency. But there are still others who are using it for the wrong purpose..

Technology is a force multiplier. Persons doing good will done great with technology. People doing bad things, will start doring worst things with technology.
The same goes for the cryptocurrency, it is helpful for good guys. However, on the other hand, bad guys are utlizing it to achieve their criminal motives.
It is a matter of time when strict cryptocurrencies regulation will be implemented to curb the harm caused by it.

 

[holie]

Technology is a force multiplier. Persons doing good will done great with technology. People doing bad things, will start doring worst things with technology.
The same goes for the cryptocurrency, it is helpful for good guys. However, on the other hand, bad guys are utlizing it to achieve their criminal motives.
It is a matter of time when strict cryptocurrencies regulation will be implemented to curb the harm caused by it.

That is one law of nature, people will always find ways to make good things look bad. When cryptocurrency came people welcome the innovation, hoping that it could solve problem for them. Then others took the advantage of lapses the found in the mist to misuse and use them for crime..

 

[HussainSherazi]

That is one law of nature, people will always find ways to make good things look bad. When cryptocurrency came people welcome the innovation, hoping that it could solve problem for them. Then others took the advantage of lapses the found in the mist to misuse and use them for crime..

In many countries, crypto currencies are banned due to its usage in different criminal activities. There are reported instances where ransom was taken in crypto which was not traceable by law inforcement agencies.
So, in the end, usage of cryptocurrencies will decide its future.

 

[holie]

In many countries, crypto currencies are banned due to its usage in different criminal activities. There are reported instances where ransom was taken in crypto which was not traceable by law inforcement agencies.
So, in the end, usage of cryptocurrencies will decide its future.

Humans will always device a pattern that will make good things to look bad.
Cryptocurrency was developed and I believe the intention was for good and not evil. But humans has studied it and discovered some loopholes and capitalized on them to cause harm.

 

[btaliat]

Crypto can do harm and as well can do good. It is capable of destroying the economy of a country as most youth engage in it will eventually be unproductive to the economy. And as well it can be used to stabilise the economy as it reduces too much currency in the circulation.

 

[holie]

Cryptocurrency as a digital currency was developed to reduce cash flows in the economy but there are different negative things that people are using cryptocurrency to do which are abnormal.
Most countries of the world are trying to regulate the use of cryptocurrency..

 

[HussainSherazi]

Cryptocurrency as a digital currency was developed to reduce cash flows in the economy but there are different negative things that people are using cryptocurrency to do which are abnormal.
Most countries of the world are trying to regulate the use of cryptocurrency..

Regulations by countries is a double-edge sword in this case. Some democratic countries will try regulate cryptocurrencies to curb the criminal activties by using it. Whereas, other bad state actors, will use this a tool to achieve their political or regional motives.
So, in the end, the use of cryptocurrency is the only decider of its fate.

 

[holie]

Regulations by countries is a double-edge sword in this case. Some democratic countries will try regulate cryptocurrencies to curb the criminal activties by using it. Whereas, other bad state actors, will use this a tool to achieve their political or regional motives.
So, in the end, the use of cryptocurrency is the only decider of its fate.

Cryptocurrency was not developed by Satoshi or whosever for any criminal tendencies. But the actors had discovered loopholes and capitalized on them. Unlike the fiat money whereas the identities of both the senders and receivers are known. In cryptocurrency the identities are hidden, so crime could be committed without trace.

 

[Wisdom01]

Although cryptocurrency is already doing good , for the fact that it's been used as a payment method shows that it's actually going well , I hope the development continue , and that's actually what I want to happen

 

[holie]

Many countries are actually regulating the use of cryptocurrency to make sure that the purpose it was developed are well utilized.
Many countries has accepted cryptocurrency while others are still looking into them. Cryptocurrency has its positive and negative sides too..

 

[EBUBEJAH]

Personally, reverse is the case, because cryptocurrency has done more good than harm, it has been the reason why so many people are wealthy today, it has created tons of millionaires in dollars, hence the reason why government bodies are not happy with it, but they can do little or nothing about it.

 

[holie]

I do not think that cryptocurrency would do more harm than good in time to come. There are several benefits of having and using cryptocurrency. Though there are some bad elements who would capitalize on some deficiency and use them to cause harm to the people. But generally cryptocurrency was meant for good..