The Problem With Bitcoin

The truth about bitcoin. It’s not solely a financial issue long term but one of the main questions with it is no one (except those behind it) really knows entirely who is indeed behind but there have been tracings to China as well as Russia which is not shocking, FURTHERMORE the currency is also used a great deal for some of the most pervasive human rights atrocities such as the purchasing and selling of human beings, children especially ergo Human Trafficking. Cryptocurrency is a Pimp and Human Trafficker’s paradise because it is virtually untraceable. Credit card use can be traced, cash is a little more difficult but not impossible, bitcoin is another beast. A great deal of criminality goes on with the use of bitcoin. Human Traffickers as aforesaid use it, Buyers especially those who purchase Children online, Terrorists, Money Launders make use of it, etc etc. They all use cryptocurrency.

Courtesy of- Dan Pena

To give an example not too long ago I received a message entailing an anonymous bitcoin account with the amount of nearly 100 grand via an odd email address. Usually those type of things are either scams to obtain personal information, money laundering, trafficking funds, or hush money in some cases. Needless to say it was reported because if it wasn’t an entire scam to access information by cyber criminals aside from there is no idea where that money came from. It would be wrong to accept something that was not earned honestly, it could’ve been someone else’s life savings, siphoned from someone’s bank account, credit card theft is possible, etc. Never trust bitcoin or anything of that nature. Don’t invest into it.