It’s no wonder that the very thought of a decentralized, anonymous currency is a cause for concern for cyber security experts. In fact, just last year, the FBI and Europol warned that cyber criminals are already investing in cryptocurrencies to facilitate anonymity online, and that this would increase exponentially over the coming years.
But is it true? Could crypto really be the downfall of the dark web?
Tech experts, and cyber security specialists have consistently warned about the dangers of crypto, and the very real possibility that the dark web could be in serious trouble. But the reality is, it’s unlikely.
In fact, the dark web offers the very anonymity that many crypto users are looking for. In fact, it is a playground of activity in which they can easily be themselves, without the fear of being identified or tracked.
So, would the use of crypto really change all that?
Well, yes and no.
Cryptocurrency could very well be the death of the dark web that we know it. But only if anonymity is not a priority.
With the use of crypto and the blockchain, we would have the ability to trace transactions and identities, which would be a huge blow to the anonymity that the dark web thrives on.
In order for the dark web to continue to thrive, anonymity will have to be preserved.
If the technology is used in conjunction with the dark web, then it could very well be the death of the dark web. But if it is used with the dark web, then it could very well be the beginning of a new era of encrypted, anonymous communication.
And that, my friends, would be a very big deal.
Use cases for crypto and the dark web
While the crypto space continues to be a hotbed of speculation and skepticism, the dark web has established itself as a legitimate platform with a number of potential use cases.
The dark web is home to a number of marketplaces, including some of the most well-known, such as Silk Road and AlphaBay. It’s also home to a number of forums, where people discuss and exchange ideas in a relatively safe environment.
But what about the future? What’s the potential for crypto and the dark web?
Here are just a few ideas to help get the conversation started:
1. A potential for anonymity
As mentioned, the dark web is a place where people can truly be themselves. It’s a playground where users can interact anonymously with other like-minded users who, for some reason or another, do not want to be identified.
But with the use of crypto, we could potentially be able to create a truly anonymous platform for communication and collaboration.
2. Secure transactions
There are a number of online marketplaces that facilitate the sale and purchase of illegal goods and services.
Many of those marketplaces use a bitcoin-based escrow system, which allows buyers and sellers to interact with one another anonymously. But with the use of the blockchain, we could potentially create a platform in which all transactions are secure, and kept on the blockchain.
3. Identity management
The dark web is also home to a number of forums, where people discuss and exchange ideas freely.
With the use of the blockchain, we could potentially create a secure, decentralized platform that allows users to interact with one another freely and anonymously.
Final thoughts
The future of crypto and the dark web is certainly an interesting one.
But as with all things crypto, the future is hard to predict.
In fact, we’re still unsure about the potential for crypto in general.
For now, though, it seems that the dark web is here to stay. And when you consider the potential for crypto and the dark web, there’s at least some reason to be optimistic.
