Isn't it interesting how when someone gets money out of an ATM and buys drugs with it.... it's never the bank's fault - the bank is never considered as an accomplice to the crime or a key factor in making it easy for the drug buyer to buy the drugs. Yet - when some idiot buys drugs or child-porn with crypto... the blame is put on every exchange and every person involved in the market. THIS makes us ALL look like scammers and dark-web sleaze.  If we are opposed to government regulation of crypto (and the vast majority of us are) then we are left with the somewhat unfair burden of self-regulation and so far we have done a horrible job of doing this. New people are coming into the crypto world everyday and their heads are already filled with never ending cash-cows that will make them millionaires overnight via a $50 investment. Awaiting these new people is every scammer who's dodging government regulation while using the internet and crypto currency to implement their scams. The first thing they will say to these new people is: Bitcoin is too expensive, it's in a bubble and you should buy my new service or product that will fulfill your $50- overnight dreams. Real, honest, passionate Cryptoheads should be the first people this new person meets in the crypto-world but we're not - a huge part of the scammer's plan is to meet them at the door, long before the newbie meets the truth.  Veteran Cryptoheads will respond to this problem by using the standard answer: "If someone is scammed it's their own, damn fault, because the information is out there and they should've done their research." I understand this viewpoint and they are right to a point, but how many of them actually contributed to getting the truth out in the market for the new investor to find? How many of them are meeting the newbies at the crypto-door?  For the crypto-market to continue to be unregulated by ANY government.... we ALL have to do a better job of self-regulation. That means: exchanges breaking the black-market and dark-web links. It means: exchanges suspending pump-&-dump accounts. It means: YouTubers filling their videos with documented proof of the scams. It means: writers filling SteemIt with articles about the scams. It means: "ALL of us" working together and doing our part to put the information out there and educating the public.  It's time to be ashamed of the fact that we are associated with the biggest sleaze on Planet Earth. Everyone who's hustled goes away and tells 50 people that the crypto market is corrupt and THAT keeps  out of the industry - which limits the growth of all our wallets. 
| author | zero21mill |
|---|---|
| permlink | crypto-scams-the-dark-web-and-you |
| category | cryptocurrency |
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nice post bro .i just upvote you & you back upvote my post ....please
| author | najmul393 |
|---|---|
| permlink | re-zero21mill-crypto-scams-the-dark-web-and-you-20171128t144328099z |
| category | cryptocurrency |
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I can't deny you got a point there. I got to ask if it wasn't for the illicit users at the start, those early bird criminals practicing their craft with use of the tech would it be where it is today? I by no means approve. Self regulating won't stop governance bodies trying to get in. But being decentralized, their influence will just impact their own citizens.
| author | potplucker |
|---|---|
| permlink | re-zero21mill-crypto-scams-the-dark-web-and-you-20171128t204739116z |
| category | cryptocurrency |
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The government's reasoning and justification for controlling Crypto Currency is: to shut down the criminals. The general public supports this and a politician's job is to do what the public wants them to do. If we can shut down the criminals ourselves the only other reasoning they have is: tax evasion. If we are to leave them with no excuse at all....., it would be time to report our capital gains on crypto currency. After-all...., taxes are what pay for all the things we take for granted, every, single day. There are over 500,000 Coinbase uses. Less than 900 reported their crypto-capital gains last year. THIS is embarrassing and makes us all look like thieves who use America's schools and programs while contributing nothing.
| author | zero21mill |
|---|---|
| permlink | re-potplucker-re-zero21mill-crypto-scams-the-dark-web-and-you-20171129t153621129z |
| category | cryptocurrency |
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OK, I was just asking do you think criminal use gave crypto currency a foot hold to get established? Agree government would use that reason (excuse) to regulate. So to your point, self regulation more or less seems like exchanges closing accounts that are suspect of criminal activity. They should make the sacrifice on earnings so that the crypto world has a good image in the public eye. While they (exchanges) are at it might as well report to government capital gains so taxes can be collected. Now Joe crypto is out shopping for an exchange. He knows of one that reports to governments and another that does not. Which one does he do business with? I would say the one that aligns with his beliefs and moral code. On another topic. Will governments shut down exchanges not regulating criminals or reporting capital gains? Maybe, but that exchange is a tax paying business for the nation (government) it occupies. Guess the government needs to make the sacrifice on the tax money by shutting them down. Think another nation will open the door to that exchange company? Maybe, for sure its a dilemma.
| author | potplucker | ||||||
|---|---|---|---|---|---|---|---|
| permlink | re-zero21mill-re-potplucker-re-zero21mill-crypto-scams-the-dark-web-and-you-20171129t153621129z-20171129t12012868z | ||||||
| category | cryptocurrency | ||||||
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