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“IEO is another attempt to attract investors who want to get rich quickly by making a public attempt to sound like an IPO. But like ICO, IEO has nothing in common with IPO (except I and O) The two first and the last letters are the same."
Stark says that unlike regulated IPOs, ICO and IEO are virtually unregulated. Therefore, they are a medium for fraud, manipulation, insider trading, hacking and "widespread scams."
“The value of Bitcoin, in addition to being purely for speculation, is largely due to its ability to facilitate criminal activities. Does it require a false identity card, a bottle of opiates, a bunch of credit card numbers, or a Social Security Code (SNN)? Need a way to charge for extortion payments? Need to fund terrorism-related activities? Need to hire killers? Cryptographic currencies such as Bitcoin have become the payment choice for these and other criminal companies."
Stark believes that because of the low regulation of the cryptocurrency industry, this market has spawned "a growing number of global dangerous criminals."
As a result, he warned that retailers accepting cryptocurrencies would take risks in their own reputation and put themselves at risk of legal, regulatory, financial and ethical risks.
“How do the victims of most ransomware attacks pay ransom? Of course Bitcoin – it's fast, reliable, verifiable, almost unregulated, and almost impossible to track. Bitcoin is the ideal tool for ransomware blackmail projects ""
The indictment states that the conspirators used Bitcoin to purchase servers and register domain names in an attempt to intervene in the election campaign. In addition, the indictment also states that the conspirators used bitcoin to “avoid a direct relationship with traditional financial institutions, enabling them to evade a more rigorous review of their identity and funding sources”.
But before that, Craig claimed that the price of Bitcoin would fall to zero because Bitcoin is worthless and is only useful for money laundering and other criminal activities. Craig has publicly stated that:
“There is a day when people wake up and discover that the value of their BTC investment is decreasing, but it is zero. At this moment you see a bitcoin of $8,000, and the next moment global trade will be suspended. BTC’s real The market is zero. When it stops, it will end. Once such a system begins to break away from the legal structure that allows it to operate, it will build on the foundation of the sandy sand and eventually collapse. When it collapses, it will It can't be recovered."
Compile | Jhonny