Upland Or Virtual Monopoly ?! My Personal Insights! UplandWealthBuilding!

 

Earning money in the P2E game

Introduction

First of all, I would like to greet all my followers and loyal readers on Publish0x, and then all the other writers and readers of this great website, but I would like to extend my greatest greetings to my compatriot and one of the administrators, Mr. Igor Tomić.

So what could be written about Upland without it already being said and written? Here I will try some of my personal approaches and experience with this P2earn game.

Upland is a game that originated in 2018 and is very similar to the Monopoly board game, and as the stories say, it was created during a late-night Monopoly game where players came up with the idea to move the game to the virtual world and put it on the blockchain, and was put into operation in its current form in 2019.

Game basics

In Upland, players buy virtual real estate and build their virtual buildings on it, then trade it again in Upland's virtual market and earn a game currency called UPX (cannot be exchanged on the free market, except within the game) and can be exchanged for US dollars and that's about 1: 1000, so for a thousand earned UPX, you get $ 1. Although the game is completely virtual, it has one instance that is based on the real world, and that is the map of Upland, which is completely identical to the real world and to such an extent that there is an option similar to Google street view in which you can see your virtual property. So if you buy a virtual property in Upland, that GPS location will exactly match the real GPS location of the real building or land in the real world, and when you look at a street view in Upland, it will show the real location of the real building or land in the real world just like Google street view. In addition to the option of trading and building construction, Upland also has various competitions and treasure hunts, and many other interesting things that capture the attention of its players. The game also has several levels that players must achieve, the first of which is a Visitor (up to 10,000 UPX) in which the player to keep his UPX and his land needs actively log in and renew his Upland visa. In the event of an Upland visa expiration, the game administrators confiscate all your funds and land and throw them into the Upland community pool. At this level, players do not have all the options available in the game, because they are just beginners and learn about the game and its rules, and this is one way to protect against bots, but still, have one advantage, and that is that they can buy land that is light green in color and marked FSA (Fair State Act), at discounted prices. By the way, there are gray lands in the game that are in fact unpurchased and non-minted, then light green FSA, then dark green, which is bought and minted, put up for sale, and finally blue which indicates the lands you own. When you reach 10,000 UPX you move to a new level, which is Uplander, which opens almost all options in the game, followed by the Pro level of 100,000 UPX, then goes Director level of 1,000,000 UPX, followed by the Executive level of 10,000,000 UPX and finally Chief Executive from 100,000,000 UPX onwards.

This was an overview of the very basics of the game, because of course it has many, many more interesting options that I leave to you to explore, and in my further text I would focus on how I personally experienced Upland and what was my journey from a complete beginner, who knew and understood nothing, to a proud Uplander who does not know too much, but still tries and pushes forward and every day in every way progresses more and more.

My personal experience

So let’s go back in time to the day I found out about this game and decided to install it on my cell phone.

Every day, I worked on my laptop and did daily tasks, because my wife and I work online, and in moments of respite I sniffed the depths of the Internet looking for some new opportunity to work and earn money online. So in search of P2earn games, I came across an article about Upland. I told my wife about the article and explained to her in a rough outline what exactly it was about, so we decided to install the game on my cell phone and give it a try.

Of course, as a complete beginner, I hardly took advantage of the 6,000 UPX bonus that can be obtained if you sign up via this referral link and I bought my first virtual property on Staten Island, New York in Upland. It wasn’t until weeks later that I realized my first beginner’s mistake, and that was to buy the first property in a city where there were no more vacant properties that could be purchased under the FSA (Fair State Act), at discounted prices. I warn you, future Uplanders NEVER, but NEVER repeat this mistake, because it will significantly reverse your progress in the game. My first good move was to log in for 7 days in a row and pick up my second bonus in the game which consisted of 300 UPX. Follow my example, as a future player and don’t let this bonus slip away from you, and don't let your  Upland visa expire, because in that case, you will lose all UPX and real estate acquired in the game. I spent the next few weeks regularly logging into the game and collecting the basic rent brought to me by my only real estate in the game and as you can imagine my progress was similar to a snail’s pace.

Then I learned about treasure hunting and set out on this path in hopes of increasing my UPX supply to 10,000 and becoming a full-fledged Uplander, but for me, it was my second big mistake and my UPX started slipping through my fingers because in hunting for treasure to get maybe 200-300 UPX you have to spend a lot of UPX standing on someone else's property, and this is paid every time, similar to the game Monopoly. Although I was lucky and once found a treasure of some 300 UPX, and it happened by sheer coincidence (namely, the treasure was on my only property and so I won it) I quickly realized that without owning a large number of properties scattered throughout the city, treasure hunting does NOT pay off, because you can only move around the city without paying if you have a large number of scattered lands that you can land on for free. In those moments, I began to slowly lose the will to play, believing that progress was impossible and that I would never become a full-fledged Uplander, and I did not see a way out of my situation.

Already when I was close to giving up and complete defeat, I came across an article right here on Publish0x that wrote about ways to progress in the game and different tactics. After reading that article and thinking carefully about what to do next, I made a decision and invested no more and no less than a full $ 5 or in translation 5,000 UPX. That $ 5 along with my 7,000 UPX gave me the required 12,000 UPX and I became a full-fledged Uplander. From that day on, my progress in the game was obvious. I also learned, from an article I read, that you can travel through Upland by train a little cheaper and by plane a little more expensive, so I packed my suitcases and headed to a new city attached to a game called Detroit. Detroit was full of light green land with the FSA label, which meant that I could buy and sell new real estate at will, ie two real estates a week, but according to the previous situation I was in Staten Island, New York, this was a paradise for trade. I am now the proud owner of 5 properties, 4 in Detroit and 1 in New York. I must emphasize that the only property in New York that initially seemed like a complete failure turned out to be a very good investment because all real estate in the game that was bought by the FSA after 6 months you can start selling for real US dollars and now I have the opportunity for real earnings at my fingertips if I want to sell land in New York. My total real estate value has quadrupled and from the initial $ 5 investment I now have an enviable $ 20 which is not some big money, but the biggest things and the biggest investments in the world have to start from the beginning, so my trip to Upland had to start with those $ 5.

Conclusion

What else to say at the end than that I liked this game in the end and that I think it has a bright future, as I do with it, and that I hope that in addition to America and American cities one day Upland will arrive in my country Croatia and I will buy and sell properties well known to me in my city and throughout my homeland.

Congratulations once again to all Publish0x members and Upland players, and to you readers who have not yet played Upland this virtual Monopoly I want you to start the game as soon as possible and I wish you big earnings and a good time inside the game.

Greetings from Neo77

Step by Step Instructions to download, install and set up Tally Ho digital wallet for complete beginners!

"Tally Ho is an exclamation that fox hunters use when they see a fox". Time will tell if the dog (Tally Ho) will catch the fox (Metamask) or if that fox will run away and leave the dog (Tally Ho) to despair alone far away from everyone!

The first thing I would like to do when writing this article is to greet all the readers of Publish0x, this great platform dear to me, and then all the writers and authors, and then my favorite author and one of the administrators of this platform, which is my compatriot Igor Tomić.

So this would be the second article I've ever written for a Publish0x writing contest and I'm very pleased and excited to have the opportunity to do so. Until this writing contest came along, I lived in great anticipation and couldn't wait for the opportunity to write for Publish0x.

The topic you will read in this article is already mentioned in the title, so I will start writing and explaining it without further delay. In addition to describing my own experience with the download, installation, and setup of the Tally Ho wallet, I would like to draw your attention to the fact that in my article you will be able to read the comparison and the basic differences between Metamask and Tally Ho wallet.

Tally Ho wallet download and installation

The first thing you need to download and install Tally Ho is of course a link that takes you straight to the installation page, so here's the link and let's start a new adventure:

https://tally.cash/download/

When you open this link, the main page will appear, and in the upper right corner a brown button that says download. I tried to click that button and there was no reaction, so I think the same thing will happen to you. Do not immediately start to despair, but scroll down the page a little where you will find buttons with links for Chrome, Firefox, and Brave browsers. My choice was the Chrome browser, and of course, you have the right to choose the one that suits your taste.

Immediately after clicking on this link, Chrome's web store will open, where in the upper right corner you will see a link that says add to Chrome. Click on that link and give permission to install the extension. If you did everything right, you should get a message in the upper right corner confirming that the extension has been installed. For your Tally Ho wallet to be visible, you should now click on the EXTENSION icon located in the top right corner of the screen near the icon that indicates your Google profile. When it opens, click on the PIN icon next to the Tally Ho Wallet label, and when the PIN icon turns blue your Tally Ho should be visible in the top right corner of your screen.

Your next click should be on the Tally Ho extension located at the top right corner of your screen and when the wallet opens, click on the brown icon that says CONTINUE until you see the GET STARTED icon and then click on it.

If you did everything right, you should see a page in your wallet that says ADD ACCOUNTS and then select the CREATE NEW WALLET option on it, which should be the last of the four options, so the one at the bottom.

After clicking on this link, a page will open that says "FIRST, LET'S SECURE YOUR WALLET" where you will enter your new password and then repeat it, choose whether you want Tally Ho to be your main wallet or not, and then click on BEGIN THE HUNT button.

IT IS VERY IMPORTANT TO EMPHASIZE THAT YOUR PASSWORD SHOULD BE AS COMPLICATED AND DIFFICULT AS POSSIBLE AND NOT DUPLICATED ON OTHER SITES AND THAT YOU SHOULD STORE IT IN A SAFE PLACE OFF THE INTERNET FOR EXAMPLE IN A NOTEBOOK.

When you have chosen the password and entered it and saved it, click on the BEGIN THE HUNT button, and a page will open that says SAVE AND STORE YOUR RECOVERY PHRASE.

I CAN NOT STRESS ENOUGH THE IMPORTANCE OF THIS PART OF STARTING THE WALLET SO BE CAREFUL AND LISTEN CAREFULLY TO WHAT NEXT NEXT!

Carefully read everything that is written on the page and when you are sure that you understand everything, click on the REVEAL MY SECRET RECOVERY PHRASE button. Clicking on that button will open a page with a string of 24 words. THOSE WORDS ARE THE MOST IMPORTANT PART OF YOUR WALLET AND THE FATE OF YOUR CRYPTOCURRENCY AND NFT DEPENDS ON THEIR CAREFUL STORAGE. The loss of these words means the direct and permanent loss of all your cryptocurrency and NFT and with it the loss of all your cash equivalents. If these words are forgotten or lost there is no way to open your wallet and therefore no longer have access to your money forever!

My suggestion to you would be to write those words in a notebook and save them in a safe place, and I personally like to copy those words to a USB stick that I don't use on the Internet and also write them down on paper so that I can make sure of it multiple times.

When you have done all that carefully and conscientiously, you can move on and click on the I WROTE IT DOWN button.

Now a page will open that says VERIFY YOUR SECRET RECOVERY PHRASE and there you should click on each of your secret words in the exact order in which you have stored them before. When you have entered all the words in the correct order, the VERIFY YOUR SECRET RECOVERY PHRASE button will appear at the bottom, which you need to click on for the system to check whether the sequence of secret words entered is correct. If you have followed my instructions exactly until now, you should see the words CONGRATULATIONS and the TAKE ME TO MY WALLET button. By clicking that button, your new Tally Ho wallet should become fully active and ready to use. If this is not the case, it means that you made a mistake somewhere in the process and you should go back to the last step that was correct and slowly repeat all the steps until the end, of course reading my instructions and following them carefully.

Metamask vs. Tally Ho! The fox vs. The dog!
Who is better?

Now in this part of the text, there will be a short analysis and comparison of these two wallets, and it is intended for those who are a little more advanced in the world of cryptocurrencies and digital wallets.

The first thing I would like to point out here, and this is perhaps the biggest and most profound difference between Metamask and Tally Ho, is that Metamask is a wallet owned by a company that, of course, collects all the fees that are charged during the transactions made inside the wallet and all these monies go to the private individuals who are also the owners of Metamask, i.e. a company called ConsenSys, while the situation is completely different with Tally Ho. So, with Tally Ho, all the money collected from the fees charged during transactions carried out within the wallet does not go to a few private individuals or any company, but all that money is returned to the community of users of the Tally Ho digital wallet. This wallet, unlike Metamask, is a true decentralized digital wallet in the full sense, because there is no central body that could control it and thus fulfills the first and the basic purpose for which crypto was invented, i.e. the decentralization of finances and putting their management in the hands of private individuals i.e. us ordinary people, while large financial institutions like banks have no access or control over them.

Another big difference between these two wallets would be that Metamask is a Web2 wallet while Tally Ho is a Web3 wallet.

The third difference would be that Tally Ho can be installed as an extension for Chrome, Brave, and Firefox browsers, while Metamask could be installed on all these browsers and can also be installed as an extension for Edge, so Metamask would be at an advantage here because is supported in one browser more than Tally Ho.

One good common thing that connects them is that with both wallets the owners of the secret phrase or the master key to unlock the wallet are the users, and not some third person or company, so only the users have full ownership and the right to dispose of the wallet, which is one of the basic values ​​for cryptocurrency advocates. If you have ever heard of the phrase "Not your keys, not your money", that phrase could not be applied to any of these wallets, because the owners of the secret words are also the owners of their money and only they can dispose of it in both of these cases.

Tally is 100% open source and owned by the community and not by a company, while Metamask tries to advertise itself as such, but that's not really the truth, because their code is actually owned by ConsenSys, and all the money they make from fees, and that would be about $1 M a day is pouring into their pockets. Being a Tally Ho contributing developer means your work will benefit the world and remain free instead of being exploited by for-profit software companies. And if you're a user, that means the Tally Ho code belongs to you as much as anyone else.

Metamask announced the release of its own token a long time ago, but despite its earnings, which amounted to around $250 M last year, that token still hasn't been released.

Tally has lower swap fees than Metamask, 0.5% vs. 1%.

Tally Ho has also announced the release of its own token named "DOGGO" and that too has not yet hit the market, but Tally Ho has only been launched recently and there are still many announcements for its upgrades and tokens so they should still be given a chance and give them some time to prove themselves and put their words into action.

These would be some of the basic features of both wallets and my Tally Ho installation guide which I have personally implemented and tested so I can confidently say that it works. I'm currently using Metamask because I'm used to it and it's been working for a long time, which doesn't mean I won't use Tally Ho in the future. In fact, I am quite sure that it will become one of my most used digital wallets, especially because of its features that enable the return of funds earned from fees back to the user community.

It is up to you, dear reader, to personally choose, based on my article and your own research, which of these two wallets is suitable for you and which one you will use because I am not a financial advisor, but I'm only expressing my own opinion. Well, good luck with that choice and follow me and keep reading my blog.

Visit my Twitter profile and you will find some very nice NFT-s

https://twitter.com/TDrinkovic

Visit my Torum profile and you will find some very nice NFT-s

Torum - Connecting Worldwide Cryptocurrency Enthusiasts

Visit my OpenSea profile and you will find some very nice NFT-s

https://opensea.io/collection/magical-creatures-in-magical-nature

Until the next article!

Regards! 

Neo77

Earning Money Online With Wombat App

If you like to play games on your computer or mobile phone, if you like to collect NFTs, and also if you like to earn money online while doing all this then you have come to the right place. In this article, I will cover an app called "Wombat" which I have tried and am still a member of and use regularly. 

I must warn you, here at the very beginning, that your earnings in this game will not be so high that you will be able to leave your full-time job and do only Wombat and live like a millionaire, but if you work hard and master the material well, you will be able to earn pocket money and along the way, have fun playing games, and who knows, if you get some very rare NFT and cash it well in the market, maybe there will be money for some luxury you've been wanting for a long time.

So let's start from the basics and first of all explain to everyone who doesn't know what the "Wombat" application would be. The simplest definition of this application would be that it is a GPT (Get-Paid-To) application which would mean that this application pays you some form of compensation, either in money or cryptocurrency, for performing some tasks such as installing and playing certain games that are sponsored by that application. In the case of Wombat, payment is made in EOS or PBTC cryptocurrency. The first thing you should do of course is to download that app and install it on your mobile or computer and install Wax or Eos digital wallet and create your account in one or both of those wallets to be able to receive payouts in cryptocurrency and NFT, and then create your Wombat account.

Once you have your user accounts set up you can start playing games and earning cryptocurrencies and NFTs.

Now I have to draw your attention to one very important fact, which is that every game must be installed via the link provided by Wombat and not otherwise because if you install the game without Wombat's link or if the game was already installed on your computer or mobile you will not get compensation for the game nor will you get NFT which of course means you will play for nothing and won't earn a cent.

If you had the game installed before, be sure to uninstall it delete all progress in the game, and then install it again via the Wombat link and start earning.

It is very important that you strictly follow the instructions given by the application to receive any compensation because even a small deviation from the instructions will cause problems and the compensation will be absent.

There are several ways to earn in this application, so we can divide it into a part called "Womplay" whereby you can earn tokens that can later be exchanged for crypto and NFT cards, and a part called "Wombat dungeon" where earned NFT - you can put on some kind of savings and where they can bring us income in cryptocurrency. That savings in the app are presented as a dungeon where you have to hide NFTs and then send little wombats to look for them, and when they find them you get a reward in the form of tokens that are later exchanged for crypto. This part of the application is very interesting and nicely designed like a game, where your wombat miners can be equipped with various upgrades in the form of NFTs, which can be obtained by playing games, or you can buy these NFT upgrades directly from the Marketplace called "Atomic Hub" which you can also access it using the "Wombat" app.

When you install your first game through the Wombat app, pay attention to the fact that there is an "NFT inside" mark on the game, because then in that game you will be able to get NFTs, if you complete the task that Wombat asks you to do. These tasks are very simple and usually consist of reaching a certain level in the game, playing the game for a certain number of hours, or collecting a certain number of characters in the game. When you complete the requirements and achieve what is asked of you in the game you will be rewarded with a randomly selected NFT. In addition to NFTs, playing games will reward you with a certain number of tokens that can later be exchanged for the cryptocurrency of your choice, i.e. EOS or PBTC.

It is important to emphasize here that when you stop playing the game, the break until the next start of the game must be longer than 30 minutes, otherwise you will not be rewarded with tokens for the game.

There is also another way to earn cryptocurrency, which is to solve small daily tasks that give you 100 tokens each. These daily tasks consist of the fact that you have to log into the application at least once a day, you have to play any of the short online games or you have to open the "Loot box" to get your 100 tokens for each of these actions, so a total of 300 tokens from the daily tasks that are exchangeable for crypto. I must mention here that there are two types of "Loot boxes". The first smaller "Loot Box" gives you a random amount of tokens on a daily basis for 24 hours, and the second "Loot Box" can only be opened when you collect an amount of 50,000 tokens in your account. This second "Loot Box" is the one that gives the real rewards, and these are NFTs, and pay special attention to it. When we have already mentioned the exchange of tokens for NFTs, I will tell you one more very important thing, the exchange of your tokens collected by playing games and performing other tasks is not possible just like that, and when you want it, there is already a procedure for that which you need to respect to get your crypto and eventually money if that's what you want.

Tokens are exchanged in such a way that you can deposit them from your account into the common fund for payment, which at the moment as I write this text is $3000, and then you have to wait for the end of a period of about 7 days until all interested parties have paid their tokens into the fund.

When that payment and waiting period passes, the total amount of tokens of all people who paid into the fund is converted into the cryptocurrency of your choice (EOS or PBTC) and divided into parts that are proportional to your token payment into the fund.

So let's clarify this calculation a little. If you gave, for example, 50,000 tokens to the fund, and the total amount of all payments to the fund amounts to 5,000,000 tokens, this would mean that you paid 1% of the total amount of tokens and when you cash out, you will receive 1% of the total crypto when tokens are converted into cryptocurrency.

Your earned crypto in the app will vary by the amount of your and all other token payments into the pool, which would mean that your crypto cash-out amount will never be the same.

If you are not satisfied with the amount of cryptocurrency received, there is another way to convert your tokens into something valuable, and we have already mentioned this way earlier in the text. Instead of paying tokens into the fund and waiting for the cash-out, you can immediately exchange them for NFTs, of course when you collect 50,000 tokens. I personally like this method better and I use it all the time, which does not necessarily mean that it will be as good for you as it is for me. It's a matter of personal choice, but I still prefer to exchange 50,000 tokens for a "Loot box" and get an NFT immediately, than to pay into a fund and wait not knowing what my share of crypto will be when paid out. This is a matter of personal choice and I believe that you will definitely choose what is best for you.

Wombat dungeon

Now that we have exhaustively covered all the ways of earning within the part of the application called "Womplay" we move on to the new part called "Wombat Dungeon".

In this part of the app, the focus is on NFTs and how to increase your earnings using them. All NFTs earned through playing Wombat-sponsored games and all other NFTs earned in any way using the Wombat App can be put into some kind of savings in the "Wombat Dungeon" and thus you can use them to generate passive income. This part of the app is designed elegantly and cutely as a dungeon where you hide your NFTs and then send the little Wombats out on mining missions and search for NFTs, and when they find them you're rewarded with tokens that at the end of each season are automatically converted into crypto also through a fund where all your earned amount of tokens is automatically transferred to crypto. You can set your Wombat's search time from 5 minutes up to 24 hours, which would mean that the Wombat's search will last as long as you set it yourself, and accordingly, you will be rewarded with so many tokens.

 

Since here NFTs play a major role in earnings, each of your NFTs also has a so-called "Mining power" which is precisely determined according to its importance, rarity, and price on the market, and this mining, power gives you a special power, and the higher it is, the higher are the earnings of tokens and eventually money. In addition, each of your NFTs also has the possibility of mining one of three special materials, and later that material, when a sufficient amount is accumulated, can be exchanged for NFTs that again have some special powers. 

Every 24 hours, you can open a special box with prizes where you are rewarded with a certain amount of tokens, and occasionally you can also get a special NFT package which, when you unpack it, contains two NFTs with a special purpose. You can immediately hide those NFT packs in the dungeon to boost your mining power, or you can unpack them and get NFTs with a special purpose. So these NFTs with a special purpose represent equipment for your Wombats like shoes, a cap or mining helmet, a miners lamp, or any equipment that you can use to upgrade your Wombat and improve its mining and thus bring you more profit. All these upgrade equipment can be of different levels and thus of course of different prices on the market, but also of importance for you and your Wombat. By combining several of these different NFTs with the "upgrade items" option, you can again get a special NFT of great value.

There is another interesting option in the game, which is participation in missions where you compete, for example, in collecting NFTs or selling them or something else that is your task in a certain mission and the one who collects the most points gets the most crypto from the common fund, the second gets less, the third even less and so on.

As you can see, in this part everything revolves around NFTs and their merging, savings, purchases, and all other options that the application enables, all of which are packed into an interesting game with Wombats and a dungeon. I think you will certainly never be bored if you use this application which, as you can read yourself, is full of intricate and interesting options that you still need to explore, not to mention that the developers are constantly raising it to new interesting levels with constant updates.

Final word

Here, I tried my best to faithfully present this app to you through this article, and I hope to bring you closer and interest you in this interesting and complex application, now it's up to you to choose whether you will try it and use it, or whether it will sink in easily. into oblivion. I personally liked it, especially the part with NFTs, which is interesting and fun like any game, but once again, I have to tell you that you don't expect to become a millionaire overnight by playing with Wombats but arm yourself with patience, because this application is for people with patience who don't expect to make money overnight. If you invest enough time and nerves, the results will certainly not fail, and now I welcome you to my new article and invite you to subscribe to my blog and follow it, and maybe even to like it and share it with your friends if you enjoy it.

Many greetings and until the next reading!

Neo77

Crypto was created only for money laundering and other illegal activities!!! Truth or myth?!?!?

A big greeting to all my readers wherever they are!!!

Before we start processing and explaining today's topic, the first thing we should clarify is what money laundering is, in general, how it is done, who does it, with what goal, and in what way, and then we will be able to understand more easily how money is laundered using cryptocurrencies. So let's start in order and try to clarify the concept of money laundering.

Definition of money laundering

The definition of money laundering I found on Wikipedia:

"Money laundering is the process by which the proceeds of crime are converted into seemingly legitimate money or other assets".

Let's clarify this definition a bit. So, money laundering would be when we take some kind of money that was acquired through some criminal act, for example, selling drugs or prostitution, and try to "wash" that money from its criminal past, i.e. we try to hide the origin of the money and present it as if the money was acquired legally.  To do this and present that money as "honest" money acquired through legal means, there are various ways that criminals use. Their list is growing every day, because, with the progress of technology and the progress of society, the progress of crime also goes hand in hand, in all fields and so also on the financial side. The easier part, according to experienced criminals who have been caught and brought to justice, has always been to steal money or earn it illegally, while the hardest part is how to turn that money into legal money, i.e. "wash it" so that it can be spent, because it is very dangerous to spend "dirty money" since the police can easily track it down. Criminals have thousands of ways to do this, and we will mention only one of the examples here for an easier understanding of the material.

How?

Casino method of money laundering: In this method, an individual enters a casino with money and buys chips, plays for a while and spends very small, almost minor amounts of money, then cashes the chips and asks for a cash payout and just like that the money is "laundered", because he now represents it as winnings from gambling, which is an entirely legal way to earn money in some countries. So the origin of the money is hidden and it can now be spent without fear that someone will ask you where you got it from.

Here, concluding with this example, we have dealt with the question of "how", and now we will move on to the part of "who" deals with "money laundering".

Who?

As we mentioned before, money laundering is done by criminals, but not only and exclusively by criminals, because they often hire people from the financial sector, who are engaged in completely legal business, for their dirty work. However, drug cartels, arms dealers, large prostitution chains, bank robbers, and diamond smugglers, in fact, all the "big fish" from the criminal milieu, are most often involved in "money laundering". All of them are trying in every possible way to launder their illegal money and make it legal and ready for consumption.

With what goal?

I guess what the goal of money laundering would be is already partly clear from the text, but it will be best if we define and explain it.

Money is laundered to camouflage its origin and misrepresent it to the authorities and state financial institutions, all for one thing only, and that is to be able to spend that money without fear that the police will be able to track it down and discover his actual criminal background.

Cryptocurrencies were created for money laundering! Truth or myth?!?!

Let's move on to cryptocurrencies and clarify once and for all whether crypto was created only to be able to launder money and pay for some illegal activities or whether crypto still has a higher and nobler goal.

I have already read or heard several times on the Internet from people who are the biggest crypto critics and opponents that the only purpose of cryptocurrency is money laundering or paying for illegal activities on the Internet such as child pornography and that cryptocurrency is the biggest fraud ever invented, so let's analyze a little bit how much in there is truth to all that.

As many people already know, and those who move in the world of cryptocurrencies know it all, the first cryptocurrency that ever existed was Bitcoin, and its creator was a mysterious person or group of people called Satoshi Nakamoto. What did Nakamoto want to achieve by inventing digital currency? Did he want to launder money or cheat people?

I totally doubt all these statements, because Bitcoin, and later all other crypto-currencies, was invented with one very lofty goal, which would be to DECENTRALIZE MONEY AND TAKE THE POWER OF FINANCIAL INSTITUTIONS, LIKE BANKS, OVER THE LITTLE ORDINARY MAN AND GIVE THAT LITTLE ORDINARY MAN COMPLETE FINANCIAL FREEDOM AND INDEPENDENCE FROM ALL CENTRAL FINANCIAL BODIES, ESPECIALLY BANKS. Read this definition carefully remember it well and never let anyone tell you otherwise: Even though in the world of cryptocurrencies there is money laundering, illegal activities, and various frauds, IS NO MORE THAN IN THE REAL WORLD AND OTHER PARTS OF SOCIETY, LIKE THE STOCK EXCHANGE OR BANKS!

The biggest crypto critics would have you think that those things only exist in the crypto world, but not in the real world, but that is one big lie and deception because crime is everywhere and there always will be, which does not mean that it should not be fought against. In fact, crime should be eradicated both in the real world and in the digital world!

Definition of money laundering through cryptocurrencies

Cryptocurrency money laundering is when illegally obtained money from the real or digital world is used to buy various crypto coins or NFTs through crypto exchanges to hide the real origin of the money.

Now let's start with our three questions "How, who, and for what purpose" and explain money laundering in the crypto.

How?

Someone who owns illegal money opens an anonymous account on one of the crypto exchanges with a low level of control and buys one or more cryptocurrencies for this "dirty money", then makes several transactions and transfers these coins from account to account and from one cryptocurrency to another and in the end, he sends all the crypto to an account that can be in another country where crypto regulation is very weak or non-existent. In the end, he converts all the crypto back into money like dollars or euros and pays himself or someone reliable on the account, and the tracks are covered and the money is laundered. But we will explain whether it is really that easy and whether the money cannot be traced a little later, and now we will go to the question of "who".

Who?

Who would be the criminals who launder money through crypto? The answer is similar to the previous one, but not the same.

So money is laundered through crypto by drug cartels, arms dealers, bank robbers, and diamond smugglers, but crypto is not only reserved for big fish from the criminal world, it can also be done by smaller criminals who have knowledge of the digital world or those who can hire someone with that knowledge. Here we must mention that hackers who steal money from crypto accounts must also launder that money, and those who steal large sums in crypto, and then blackmail crypto exchanges for large sums of money, must also launder the blackmail money. As you can see, a completely new criminal elite has emerged that rules the digital world of crime, namely HACKERS AND BLACKMAILERS. They don't need drugs, rifles, or pistols, just a good computer and an internet connection to commit a crime. The list of criminals in the crypto world has not decreased but increased, but with one important difference, which is that digital criminals must also have knowledge of the digital world, and with that the list of criminals becomes more specialized, and not everyone can be included in it.

With what goal?

Here the goal remains the same, which is to hide the origin of the money. Money is laundered to camouflage its origin and misrepresent it to the authorities and state financial institutions, all for one thing only, and that is to be able to spend that money without fear that the police will be able to track it down and discover his actual criminal background.

We promised you before that we would tell you if it is really that easy to hide your money trail using crypto transactions. The answer to this question would be a big NO and that's because every crypto connoisseur and advocate will tell you the same thing, which is that all crypto transactions are recorded in a so-called "Ledger" and every transaction is traceable. What would that mean? This would mean that a good financial forensics expert can, with just a little effort and knowledge of cryptocurrencies, trace every transaction, and thus trace the criminal who tried to hide and launder the money. Therefore, the myth that cryptocurrencies are only used for money laundering and illegal activities does not hold up at all, because already in the very essence of crypto, a code is embedded that indelibly records all transactions and thus destroys the theory that money can be hidden or laundered, which does not mean that some people won't try that. The success of this venture, i.e. money laundering, depends solely on the legal regulation of crypto in a particular country and the will and desire of state institutions to catch such persons and prevent them from illegal activities.

Final word

In the end, let's summarize and present my view of all this.

I think that there will always be a crime, both in the digital and in the real world, and as for the allegation that crypto serves only to hide criminal activities, it seems to me that this is complete nonsense and fabrication by the opponents of crypto and progress in general. Such views are expressed by people with only one goal, which is to maintain the status quo or the current state of affairs in the world of finance. Such people want the common man to never achieve his financial independence and remain forever a slave to banks, loans, and other so-called financial products that tighten and suffocate him like a noose and do not allow him to live even a little easier without daily worries about his existence and his poor financial situation. Today's man is already full of debts and interests that he inherited from his parents, and he struggles all his life to settle these debts, which the state itself created, and to try to create a better life for himself and his children. 

That fight so far looked hopeless, but a new hope for a better future appeared on the horizon, which is CRYPTO, and that's why we need to persevere in this fight for our own better life and ignore all quasi-experts and crypto critics and their distorted and false attempts to discriminate and falsely accuse everyone and everything that has to do with cryptocurrencies.

I greet you and until the next reading!

Neo77