Bitcoin for better future.

While I am happy that Bitcoin and its technology is helping identify and stop criminals, I realize that many still feel Bitcoin itself enables crime. I argue that this technology is neither morally good or bad, but its moral worth is influenced by its userbase. In the same way someone can use fiat cash to facilitate crimes, Bitcoin can be used nefariously as well. However, the difference is that one form of money can be tracked easily whereas the other is very difficult to follow.

Some may take issue with Bitcoin being pseudonymous rather than anonymous, but I believe that this is one of its saving graces. It allows for the opportunity to track down bad actors who use it, and also helps us transact in a more trustless manner. Bitcoin and its blockchain can help make a better future for all of us.

"Knowing the nature of the blockchain, University of California at Berkeley’s Rebecca Portnoff helped develop an AI that follows the connections on the Bitcoin blockchain to find and help sex trafficking victims. The AI itself identifies suspicious sex advertisements placed on Backpage, a website listing ads for sex services among other things, via a machine learning algorithm. Once these have been identified, the AI uses the public payment information on the blockchain to help identify and track down the individuals who placed those ads. While the site used to accept credit cards, it now only allows payments in Bitcoin. That leaves anyone operating illegally on the site exposed to blockchain scouring analysts and software."

I look forward to following the developments of this AI project to help tackle the pressing issue of sex trafficking in today’s world.

For more information,
https://themerkle.com/bitcoin-teams-up-with-ai-to-tackle-sex-trafficking/amp/