Cryptocurrency Reputation Alert

Cryptocurrency Reputation Alert

I realize that a tool is only as good or bad as the saint or criminal who uses it but the following article makes a good point: When too many of the wrong kind of characters start using something, it sooner than later leads to guilt by association.

The following article points out the dangers to the reputation of bitcoin, and cryptocurrencies in general, from the fact that there are so many gambling sites that use it. I don't gamble but I'm not anti-gambling. Nevertheless, for such a young and (in some ways) vulnerable technology, I think everybody would be wise.

Undoubtedly there are/will be some trickle-down advantages from the exponentially accelerating amount of bitcoin that is flowing into online gambling.

But when you combine the potentially shady and societally disruptive side of cryptocurrency gambling with the equally scary explosion of shady crypto-oriented MLMs popping up all over the place, it's not good for anybody…. except the crooks.

Just like aren't as easy to figure out as most people think they are….neither is something as new and complex as cryptocurrency.

Proceed with utmost caution. We must police ourselves. 

Here's the article I'm referring to (which came, btw, from www.themerkle.com).

Will Bitcoin’s Reputation Suffer due to Online Gambling?

 

Art Williams
Freelance Copywriter
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