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Monday, May 29, 2017

How to Pull Bitcoin out of Darknet Stigma: Blockchain Startup Expertise

How to Pull Bitcoin out of Darknet Stigma: Blockchain Startup Expertise

With most new technologies, it's rare that mainstream investors dive in and take risks with the unfamiliar and untested. Organized crime, on the other hand, will invest in cutting-edge technologies to drive their initiatives, just like any legitimate business.

Criminals use the Internet, mobile phones, encryption technology, instant messaging and social media. But none of these technologies have sustained a bad reputation like Bitcoin.

From its launch in 2009, bad press has littered headlines involving Bitcoin, partially due to the Silk Road marketplace, the Darknet and other platforms that maintain their anonymity, finance terrorism, traffic drugs and allow them to launder money.

During this period, investment capital in Blockchain was a mere $93 mln in Blockchain investments according to CB Insights.

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