Bitcoin Has Never Been A Scam. - page 6.

btc_angela

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Quote from: Mophymac on May 30, 2024, 11:43:47 AM

The transparency of Bitcoin transactions, due to the blockchain, ensures that all movements of the currency are unique and verifiable, reducing the risk of fraud in systems. Regulatory bodies and financial institutions are increasingly encouraging and merging Bitcoin into their systems, indicating how reliable and potential for legitimate use in the business .

Although it is written in the blockchain and can't be altered, there is no name attached to it and that's why government and regulatory bodies are somewhat very hard on us because they think that bitcoin is being used by criminals to hide their identity.

Quote from: Mophymac on May 30, 2024, 11:43:47 AM

Bitcoin is reliable for easy transaction, it is a system way of saving, it is transparent in trading.
Due to its unique financial stability companies are happy to use it in the legitimate ecosystem due to its legal rights in the country.

It's not instant payment though, that's why most online merchants are not accepting it. And then we have the volatility as well as big factor. And in the last year, we have problems like high fees as some groups are trying to exploit the code make their BRC20 and Runes clogging the network.

SATWAT

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Quote from: snerd on May 30, 2024, 02:01:44 PM

The blockchain is the most stable, secure, and transparent ledger in existence. It’s the scumbag thieves who interact with it who are the scams and frauds.

Most of the developing world countries are not interested in this with they are feeling not secure as this can bring transparency, and they could be not able to do corruption which is the biggest way of their income and securing their children's future in developed countries.

Developed countries are happy to have things like these because they think about their peoples and better things for improving their life, which is not favorable in our third world.

Mr.right85

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Quote from: Mophymac on May 30, 2024, 11:43:47 AM

The transparency of Bitcoin transactions, due to the blockchain, ensures that all movements of the currency are unique and verifiable, reducing the risk of fraud in systems. Regulatory bodies and financial institutions are increasingly encouraging and merging Bitcoin into their systems, indicating how reliable and potential for legitimate use in the business .

As far as I can tell, regulatory bodies haven’t been much of a pro-Bitcoin up to this day and that’s mainly due to the fact that, Bitcoin is above regulations once it isn’t at the exchange level. The only way there could be some regulation to how Bitcoin operates is by regulating the CEX that exists within the system and that haven’t been archived with great success.
Hence, for regulatory bodies to be so pro-Bitcoin to the extent of encouraging and merging it into system, I don’t agree very much with that. You don’t find these people encouraging what they can’t have control over. It’s the sole reason while many nations are against it.

Also, you might be confusing Bitcoin and Blockchain technology. I think the blockchain technology is the one thing you might have talked more about in your thread given that, it’s one way to ensure proper ledger arrangement and tracing, which is verifiable by everyone and anyone around the world. This also isn’t peculiar to Bitcoin as the technology have been applied in various fields for its reliable and ease to data collection, reproducibility and verifiable model.

snerd

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The blockchain is the most stable, secure, and transparent ledger in existence. It’s the scumbag thieves who interact with it who are the scams and frauds.

Dunamisx

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Quote from: Mophymac on May 30, 2024, 11:43:47 AM

The transparency of Bitcoin transactions, due to the blockchain, ensures that all movements of the currency are unique and verifiable, reducing the risk of fraud in systems.

In other for more newbies to understand what is meant from this statement, they may need to read more on what the features of blockchain technologies are as part of them that guarantees for security and safety is the immutability nature of the blockchain, there are more to uncover as features for the newbies to see how this has helped in a lot of ways whereby we don't have to doubt anything concerning this technology in cryptocurrency.

Quote from: Mophymac on May 30, 2024, 11:43:47 AM

Bitcoin is reliable for easy transaction, it is a system way of saving, it is transparent in trading.

Another big reason why people love to hear about bitcoin is the fact that it is cheaper and faster compared to fiat and other digital currencies transactions.

kentrolla

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Indeed, we know the benefits of Bitcoin and how it can be used in mainstream to reduce corruption by making the transaction public about spending of government as it will give a clear-cut details of how the funds are utilizes but governments will never let this happen as they are corrupt and I am not sure if you are talking about one particular country because I don't see any signs of legalising it as they are hell bent on opposing it.

Asiska02

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Quote from: Mophymac on May 30, 2024, 11:43:47 AM

The transparency of Bitcoin transactions, due to the blockchain, ensures that all movements of the currency are unique and verifiable, reducing the risk of fraud in systems. Regulatory bodies and financial institutions are increasingly encouraging and merging Bitcoin into their systems, indicating how reliable and potential for legitimate use in the business.

Bitcoin is legitimate to us in the crypto world and to all bitcoin enthusiasts asides from those set of people that don’t want bitcoin to become legally used in the world. Despite the transparency in bitcoin and how it has helped to change the narratives of the world to some aspect, some group of people still find it unattractive and will always see it as a scam. Let those who believe in it embrace it and those that don’t should not make others feel they are trailing on the wrong path.

Quote

Bitcoin is reliable for easy transaction, it is a system way of saving, it is transparent in trading.
Due to its unique financial stability companies are happy to use it in the legitimate ecosystem due to its legal rights in the country.

Not all countries have actually made it legitimate to use and also seen it as a legal entity till date. The few of them that are okay with it have strict regulations imposed on its use and that has made them limited to some extent of its maximal use when looked into.

Mophymac

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The transparency of Bitcoin transactions, due to the blockchain, ensures that all movements of the currency are unique and verifiable, reducing the risk of fraud in systems. Regulatory bodies and financial institutions are increasingly encouraging and merging Bitcoin into their systems, indicating how reliable and potential for legitimate use in the business .

Bitcoin is reliable for easy transaction, it is a system way of saving, it is transparent in trading.
Due to its unique financial stability companies are happy to use it in the legitimate ecosystem due to its legal rights in the country.

Topic: Bitcoin Has Never Been A Scam. - page 6. (Read 854 times)