Topic: Bitcoin is not to banned or rejected - page 7. (Read 1218 times)

Is being regulated means controlled? No. I don not mean that. Regulation I mean that such creating a wall to protect all investor assets safe. I know that even real fiat is actually used for fraudulent activities as you said. What I ask is that is it quit complicated protecting Bitcoin and Cryptocurrency from such criminal activities.

It will look exciting if Crypto is stay away from any fraudulent activities because the trust will be well developed in the community of people.

I hope bitcoin will not be banned even not in my country because it really helps the people who are in need. Bitcoin makes people lives better and easier. They make money faster.

you can not say that as long as the thing you are comparing bitcoin with is a flawed and full of fraud system.
you are saying bitcoin should be like fiat that is regulated and controlled because bitcoin may have been used for fraudulent activities such as money laundering but fiat that you think is good, is being used in fraudulent activities now!

1 and 3. Both points look similar to me! Do you think fiat was never used for money laundering or financial crime?? Cryptos came into picture just 10 years back, what was there prior to that?? Think through!!

2. The system of cryptos are very clear, only the system of governments and regulators towards cryptos are not clear! That is major bottleneck towards the mass adoption of crypto. That's a valid point so check your local law before you jump in to the crypto scene!


Check my above reply! Some progressive countries like Japan and Germany have accepted cryptos to be adopted within the mainstream economy! However, there are some backward thinking countries like India and Bangladesh have banned it from being a legal tender! However, that doesn't stop us from adopting crypto because we have a huge p2p market available for trading cryptos! But the way crypto has progressed in just 10 years, it shows that blockchain and cryptos are the future drivers for the economy! Either you become an early adopter or stay with the tide!


This is a very serious concern! The way fiat used to be a toll for financial crimes worldwide, now cryptos are being used! Good and bad always go hand in hand and we can't really eliminate the one for another! The best way to avoid such bad things can be achievable through proper education! There is no other way we can avoid such things and it is also not possible to completely eradicate bad things from an eco system!

But wouldn't that change 180 degrees once we reach a greater adoption of both cryptos in general and LN especially for BTC?
I don't see BTC for a solution for money laundering but for taking bribes or undeclared payments it's almost perfect.
Nothing special, of course to at the scale of normal fiat but we shouldn't fool ourselves in believing it's not done.


Guess... a centralized system where transactions are reversible, the price is controlled, every wallet is tied to an id and more wonderful stuff like this, /s

For me, Bitcoin is something that can change the financial system in a big way. With the strength that exists, Bitcoin can have a tremendous impact on the financial system that has existed at this time. I am optimistic that Bitcoin can be accepted by society and we all only need time so that it can all become a reality.

Bitcoin is one of the coins in the crypto world. Which are priced from all the coins. If everything is destroyed in the crypto world, then Bitcoin will not be bitten any day. Wherever one can say Bitcoin is the best.

Ironically, to make it simple it seems better to banned yourself from bitcoin than banned bitcoin. Once you've banned from this, then assuming you won't ever have a problem with regards to this matter.

But wouldn't that change 180 degrees once we reach a greater adoption of both cryptos in general and LN especially for BTC?
I don't see BTC for a solution for money laundering but for taking bribes or undeclared payments it's almost perfect.
Nothing special, of course to at the scale of normal fiat but we shouldn't fool ourselves in believing it's not done.


Guess... a centralized system where transactions are reversible, the price is controlled, every wallet is tied to an id and more wonderful stuff like this, /s

To my knowledge people have talked much about bitcoin bane and it's rejected from the world but still they are not successful and it won't be true even we will not see that time when bitcoin will reject from the world and it is not controllable so people can use it every where in the world with out any further force and people use it for their good usage now.

Isn't it ironic that fiat currency has a clear system with easily understandable laws and regulations yet it still is a vehicle for money laundering and fraud? You can't simply bat an eye on bitcoin by ignoring the facts that is also present in fiat.


So does fiat ucrrency, but we aren't pinning it down so hard are we?


Even though bitcoin has these sort of weakness and vulnerability (well fiat currency also has these), it certainly proved its place in the financial world since people and companies still trusted it by investing and buying it. Money can never be freed from fraud as this ignites the greed from people. Even with a clearly devised system, fraud will never be eliminated.

Bitcoin is not totally ban though, but there are certain countries that bans it from using crypto (if they catch you). Still you can go and  use it just don't be caught.

The first comment already covered most of your skepticism.
May I just add that there is clear distinction between bitcoin and other cryptocurrencies. And each is unique, and most times unrelated.

these two are the same. and are wrong. it is much harder to use cryptocurrency as a means for illegal activities because of lack of adoption and also lack of anonymity for bitcoin and most others. not to mention volatility that people always ignore when it suites them.

what do you mean by "clear system"?

not at all. so far majority of countries have nothing against bitcoin. and those that have never had these reasons for their behavior. they always do it because they can not control a decentralized currency and/or tax it!

p.s. regulations aren't going to solve anything.

There are various reasons and risks from Cryptocurrency including:
1. As in the form of digital assets, it is easily misused for financial system crimes such as money laundering.
2. The absence of a clear system, makes cryptocurrency vulnerable to malfunctions that ultimately harm users.
3. Crypto assets have the potential for financial crime (fraud), security violations and operating failures.

       For this reason Cryptocurrency cannot be legally accepted and even banned in some countries. All definitely have strong and wise reasons such for the safety and comfort of the user in the country. Therefore, I think it is time for stakeholders in various countries, especially in countries whereas crypto-capitalexchanges trading ecosystems is high, must think about creating and compiling clear regulations related to cryptocurrency to prevent future potential problems. Because we know Cryptocurrency has become an unavoidable necessity and Crypto is not for us to avoid but must be seen as a potential for benefit and global progress.

       Besides of the regulation of Cryptocurrency itself, the main problem is to prevent and avoid irresponsible individuals who have the potential to do other bitcoin or crypto washing, or theft of Cryptocurrency.

I question my self that do we can be free or stay away from fraud?