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Topic: Bitcoin will kill itself - page 8. (Read 4000 times)

full member
Activity: 340
Merit: 101
August 01, 2018, 09:05:02 AM
One of the best features of Bitcoin is it's anonymity. This is also one of the reason why countries are banning or at least hesitant to embrace the technology. From money laundering to illegal drug transactions to human trafficking. We always blame the FUD from mainstream media, financial institutions like banks, the government etal. But do you think, the one that would "kill" Bitcoin is actually the nature of it.

Here's another news where Bitcoin was being used in an illegal activity. This will raise a lot of eyebrows because it concerns our children.

http://www.news.com.au/finance/money/investing/bitcoin-could-become-illegal-after-its-blockchain-was-discovered-containing-child-abuse/news-story/bf486e6e8de453fd7ad2abba019952dd 

I have a completely different version, about bitcoin.
Bitcoin is able to replace all non-cash payments between people. Don't let it be bitcoin and other cryptocurrency, which is anonymous. People do not want to pay taxes for transactions by Bank transfer, through cards.
member
Activity: 129
Merit: 10
August 01, 2018, 08:53:30 AM
The only possibility for BTC to commit suicide is a code problem, or a sharp drop in the price of computing power caused by an attack. In the long run, there is no problem with the security of BTC.
member
Activity: 144
Merit: 30
August 01, 2018, 08:43:26 AM
One of the best features of Bitcoin is it's anonymity. This is also one of the reason why countries are banning or at least hesitant to embrace the technology. From money laundering to illegal drug transactions to human trafficking. We always blame the FUD from mainstream media, financial institutions like banks, the government etal. But do you think, the one that would "kill" Bitcoin is actually the nature of it.

Here's another news where Bitcoin was being used in an illegal activity. This will raise a lot of eyebrows because it concerns our children.

http://www.news.com.au/finance/money/investing/bitcoin-could-become-illegal-after-its-blockchain-was-discovered-containing-child-abuse/news-story/bf486e6e8de453fd7ad2abba019952dd 

I hope that bitcoin will stay positive and stay consistent on providing us better opportunities. I also hope that bitcoin will stay humble for the good.
jr. member
Activity: 163
Merit: 1
August 01, 2018, 08:39:27 AM
The most interesting property of bitcoin is anonymous. For this reason bitcoin grow up. Bitcoin is for people and always people are winner.
member
Activity: 392
Merit: 21
August 01, 2018, 08:11:12 AM
In the latter BTC is a way as any other means
I think that what will kill BTC is to talk about it always with passivity
but The criticism of finding a solution to avoid negatives is good
full member
Activity: 546
Merit: 100
August 01, 2018, 02:24:02 AM
One of the best features of Bitcoin is it's anonymity. This is also one of the reason why countries are banning or at least hesitant to embrace the technology. From money laundering to illegal drug transactions to human trafficking. We always blame the FUD from mainstream media, financial institutions like banks, the government etal. But do you think, the one that would "kill" Bitcoin is actually the nature of it.

Here's another news where Bitcoin was being used in an illegal activity. This will raise a lot of eyebrows because it concerns our children.

http://www.news.com.au/finance/money/investing/bitcoin-could-become-illegal-after-its-blockchain-was-discovered-containing-child-abuse/news-story/bf486e6e8de453fd7ad2abba019952dd 

Bitcoin does not look like a suicide. I guess, this statement is very much wrong: BTC is the cryptocurrency that will be developing. It will be used globally, and most of the people all over the world can get the better life due it.
jr. member
Activity: 196
Merit: 1
July 31, 2018, 05:52:27 AM
Nice question but the question is irrational  because how would you think the killer  is living in the object. Bitcoin will make everything to make her live for more because contemporaries are many
newbie
Activity: 1
Merit: 0
July 31, 2018, 04:46:46 AM
I think bitcoin will not die, because of me and you using bitcoin never die !
member
Activity: 210
Merit: 10
https://eloncity.io/
July 31, 2018, 04:39:09 AM
You are right-anonymity afraid ordinary users, because why hide their identity, if you do not do something illegal? The majority thinks so, governments think so. But anonymity can also protect against thieves, it's also true.
member
Activity: 208
Merit: 10
July 31, 2018, 04:09:21 AM
One of the best features of Bitcoin is it's anonymity. This is also one of the reason why countries are banning or at least hesitant to embrace the technology. From money laundering to illegal drug transactions to human trafficking. We always blame the FUD from mainstream media, financial institutions like banks, the government etal. But do you think, the one that would "kill" Bitcoin is actually the nature of it.

Here's another news where Bitcoin was being used in an illegal activity. This will raise a lot of eyebrows because it concerns our children.

http://www.news.com.au/finance/money/investing/bitcoin-could-become-illegal-after-its-blockchain-was-discovered-containing-child-abuse/news-story/bf486e6e8de453fd7ad2abba019952dd  
Bitcoin will kill itself ? No , never ! It will never be happen because bitcoin is not a fool ! Rather a brilliant and a smart way of gathering profit .
newbie
Activity: 126
Merit: 0
July 29, 2018, 05:47:56 AM
No. There's no bitcoin can kill itself.  The anonymity of bitcoin will never kill bitcoin. Though bitcoin has its shortcomings and challenges, it still finds a way through it so let's relax and have high hopes that bitcoin will stay.
jr. member
Activity: 154
Merit: 1
July 23, 2018, 12:01:02 PM
We all know this, but could not deny the positive values that bitcoin brings. It's difficult for the Government or the Bank admitted. But the organizers as well as blockchain is the future.



I think Bitcoin is created not to help the illegal activity to succeed but because bitcoin has a feature that might be a way to help corrupt officials or bitcoin people be at risk.
The government will soon see the negative impact of this bitcoin on established rules that will soon kill the crypto currency market. But as long as they are good about cryptos and many people experience the help of bitcoin. I think it will continue to rise and remain as a strong currency.
hero member
Activity: 1246
Merit: 534
July 23, 2018, 11:52:36 AM
I don't understand why you think that way. You're talking about, "money laundering, drug transactions or human smuggling". But these have not entered our lives with bitcoin. These have always been and always will be. Reason isn't bitcoin's nature, it's human nature that want to cheat any time. I don't think bitcoin bitcoin will be done because of these.

I agree with you on this. I don't understand where this is coming from. These illegalities were already in society well before bitcoin or crypto was invented. What bitcoin will do however, is help the world through its technology.
sr. member
Activity: 560
Merit: 250
July 23, 2018, 11:46:49 AM
I don't understand why you think that way. You're talking about, "money laundering, drug transactions or human smuggling". But these have not entered our lives with bitcoin. These have always been and always will be. Reason isn't bitcoin's nature, it's human nature that want to cheat any time. I don't think bitcoin will be done because of these.
full member
Activity: 364
Merit: 101
UChain your best ecosystem!
July 23, 2018, 11:44:05 AM
One of the best features of Bitcoin is it's anonymity. This is also one of the reason why countries are banning or at least hesitant to embrace the technology. From money laundering to illegal drug transactions to human trafficking. We always blame the FUD from mainstream media, financial institutions like banks, the government etal. But do you think, the one that would "kill" Bitcoin is actually the nature of it.

Here's another news where Bitcoin was being used in an illegal activity. This will raise a lot of eyebrows because it concerns our children.

http://www.news.com.au/finance/money/investing/bitcoin-could-become-illegal-after-its-blockchain-was-discovered-containing-child-abuse/news-story/bf486e6e8de453fd7ad2abba019952dd 

From time immemorial, everything new has been rejected by the community and there have always been reasons and that something has disappeared, but something is still being introduced, for me, the crypto currency will not die out exactly, but at the moment it is not so stable, many hacking attacks and so on ..
member
Activity: 476
Merit: 12
July 23, 2018, 11:39:03 AM
I think all of them have two sides, but what is the purpose of the user is important. Bitcoin is made for everyone, anyone can use it. The government wants total control but Bitcoin is free. Illegal Bitcoin exploits can be many, but not many. In my opinion Bitcoin just dies when the user turns his back. Bitcoin will never commit suicide.
sr. member
Activity: 686
Merit: 282
July 23, 2018, 11:15:37 AM
With the nature of the blockchain technology, all transactions are maintain it's anonymity. When it's come to illegal transactions, bitcoin and other crypto currencies are mostly being used with this inbuilt characteristic. However if we have some solution like KYC concept, it is possible to mitigate this issue to some extend.
In fact, all transactions are generally available. Only addresses are anonymous but if someone wants to come to whom it belongs ...
newbie
Activity: 182
Merit: 0
July 23, 2018, 11:04:57 AM
of course not because bitcoin only currency and have high secure and bitcoin not kill itself.


I think Any disturbing discoveries in human history have originally passed through this phase, as well as bitcoin.
But some early adopters of all new technologies have become criminals. Their activities involve high-risk operations, so they are willing to use state-of-the-art technology. It has nothing to do with bitcoin.
full member
Activity: 188
Merit: 100
July 23, 2018, 10:58:02 AM
One of the best features of Bitcoin is it's anonymity. This is also one of the reason why countries are banning or at least hesitant to embrace the technology. From money laundering to illegal drug transactions to human trafficking. We always blame the FUD from mainstream media, financial institutions like banks, the government etal. But do you think, the one that would "kill" Bitcoin is actually the nature of it.

Here's another news where Bitcoin was being used in an illegal activity. This will raise a lot of eyebrows because it concerns our children.

http://www.news.com.au/finance/money/investing/bitcoin-could-become-illegal-after-its-blockchain-was-discovered-containing-child-abuse/news-story/bf486e6e8de453fd7ad2abba019952dd 
I will not disagree since you really have a point there. Though I just want to say that, everything has its own prons and cons so does bitcoin. So if this "anonymity" can kill bitcoin, bitcoin can also survive from it.
newbie
Activity: 50
Merit: 0
July 23, 2018, 10:50:31 AM
I do not think Bitcoin will finish his activities. Bitcoin is an environment that helps people make money, many benefit from investment, mining, bitcoin trade. Bitkoyn helps to make money to people and leads a society of people to development. I can not find any faults in Bitcoin.
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