The blockchain technology is trending more than ever. Even celebrities are endorsing it! It’s often called the next big thing after the internet. While, this cutting-edge technology has revolutionized the economy it’s opening new doors for people too.
Bill Gates, the second richest man in the world has said it! Loud and open.
Right now, cryptocurrencies are used for buying fentanyl and other drugs, so it is a rare technology that has caused deaths in a fairly direct way.
This shows that he knows that the dark web is the perfect place to buy drugs, through cryptocurrencies.
While, it doesn’t seem like an endorsement from his perspective. If the founder of Microsoft is surprised, then we have no reason to believe otherwise. No technology in its early days has been so poignant.
First things first, smuggling drugs is mostly prohibited in many countries. Drug dealers once caught, are locked up in jail for many years or even forever. But, once the drug dealers come to know the power of the blockchain technology. It’s over for the authorities! If it’s a good or a bad thing. We’ll leave that up to you!
It will be almost impossible to catch the drug lords/ladies behind the curtains and here is why:
All the “Stuff” is Safe
Are you a Narcos fan? You’ll know what happens when someone gets caught red handed. You’re behind bars and the “stuff” is taken away. Making cryptocurrency the best option because it can never be taken away, no matter how unfortunate the situation is. It’s all digital baby! Sounds completely ridiculous, we know. But, it’s all true.
No More Jolly Poppers
Everyone loves all the good stuff. Some pay, and we know most of them chicken out. Since, cryptocurrency runs on the blockchain technology which allows all the drug dragons to keep track of their supply chain at every point. It’s a full protection service from all the jolly poppers! So, no more delayed payments and everyone is happy. Well, only the drug lords in this scenario.
So, everyone keeps saying, it’s the preferred currency for thieves, drug lords and other criminals. Bill Gates has said it, and the co-founder of PayPal, Bill Harris has said it too. But, in a rather different context. Maybe he’s just a bit bitter because you can’t possibly buy everything through PayPal. Especially all the drugs!
The transactions are not anonymous when you use PayPal, whereas in the crypto-world everything is anonymous and untraceable, and the law-makers can’t even get a puff of all the good stuff! (Pun intended) The trading happens right under these noses! Bonus, the rewards points are much higher in the crypt-world, too. It’s a win-win.
Cash it Out. Anywhere. Anytime.
Nothing has been easier, just a few easy steps and you are done! All there needs to be done? An account needs to be created with an exchange, a few personal details must be put in, convert your Bitcoins into cash and get it exported to a consumer bank. The last step? Get away with it! The crypto and drug world are just like a match made in heaven.
So, we now know the blockchain technology can be for different things, things no one thought was possible. But, we’ll it that and the rest is for you to decide. Drugs? No drugs? It’s a free world.