The Batman Effect: Bitcoin’s ‘Criminal Contracts’ – Bitcoints


Published on August 14th, 2015 | by bitcoin

0 The Batman Effect: Bitcoin’s ‘Criminal Contracts’

“Cryptocurrencies such as bitcoin remove the need for trusted third parties from basic monetary transactions and offer anonymous (more accurately, pseudonymous) transactions between individuals.
Bitcoin has stimulated the growth of ransomware, money laundering, and illicit commerce, as exemplified by the notorious Silk Road,” the researchers wrote.
Sounds like the topics that come up in just about every PYMNTS Bitcoin Tracker.
“Criminal activity committed under the guise of anonymity has posed a major impediment to adoption for bitcoin.
“As decentralized smart contract systems typically inherit the anonymity (pseudonymity) of bitcoin, they offer similar secrecy for criminal activities.


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