In the world there are as many currencies as countries, draws attention to the appearance of cryptocurrencies, there are so many criticisms of these new currencies, as is the case of Bitcoin, a pioneer of the increase in cryptocurrency. Bitcoin has received blessings, but has also received negative opinions. Harvard University economics professor Kenneth S. Rogoff, in an article on Harvard's crimson portal, said: the true high value of the currency depends on its "near anonymity". "This anonymity has allowed several criminal or illicit activities through the bitcoin markets since the beginning of the currency in 2009, including drug trafficking, without a license to sell weapons and donations to hate groups."
So, you may ask, have not illicit activities been carried out with physical money? It is certainly not to believe that fraud is not attempted with the appearance of these cryptocurrencies. Paper money has been counterfeited, in addition to the money that comes from drug trafficking and other illegal activities. But unlike paper, the technology with which these coins are created gives greater security to counterfeiting, as opposed to physical money.
My opinion is that there is fear of the birth of a new financial system in the world where governments, banks, can not have absolute control of the new currencies. Cryptocurrencies allow you to buy a person from one end of the world to the other, without intermediaries or commissions, without a bank approving your transaction or not. I am sure there is still much to be said and what happens in the world of cryptocurrencies, this will be the money of the new world financial order. Over time, the operation will have to adapt to these new forms of cryptocurrency payments. In conclusion, the new money will have to overcome the obstacles along the way.
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