Topic: Blockchain tech is being used for bad purpose more, rather than good - page 3. (Read 671 times)
November 28, 2018, 01:12:21 PM
2012 wants their comment back. YAWN.
November 28, 2018, 01:12:06 PM
We have this discussion over and over again and it seems and never ending or open doscussion. My question is; are fiats or traditional currencies not used for bad vices you stated above? If yes, then why worry that Bitcoin is being used?
November 28, 2018, 01:06:20 PM
Why are you calling gambling a bad use of blockchain? Gambling was a part of human life ages ago. Ancient Chinese and Japanese were gambling for money, many countries like Monaco, are proud to be the popular gambling destinations. Gambling will be there whether you want it or not and it's much better for it to be safe for gamblers with provably fair system and anonymous accounts.
November 28, 2018, 01:03:54 PM
The full benefits of the Blockchain Technology is yet to be fully tapped into. As more projects evolve, more wonderful usecase arises and then we will appreciate the beauty of the technology.
November 28, 2018, 12:53:28 PM
in my opinion, this technology depends on what it is used for when compared to only being used for gambling, the benefits are greater if used in various fields such as health and payment. and in my opinion, why do many countries reject because of the fate of banks in the country, we can see transaction fees in banks are very expensive
November 28, 2018, 12:45:37 PM
Bitcoin and blockchain are awesome technology but it is being most used in gambling , betting , casino, all bad fields is this what making many countries step back making bitcoin and blockchain tech making legal or creating negative impressions for people using this technology
Everything you listed here are things that have been carried out in a massive scale even before the advent of bitcoin. The entire hard drugs in history has been estimated to worth more than the entire crypto market capitalization at some point and that was when bitcoin or blockchain have not gain ground at all. The point is every development would always be exploited for good and bad because individuals are involved. Its now the responsibility of the law enforcement agencies to ensure that activities against the wellbeing of the state are not carried out through such means.
Indeed. It doesn't make any sense since these negative things are more rampant using fiat money. It's natural that with crypto's features, it will be used for illegal activities but that shouldn't cover up the benefits of this technology which should be highlighted more.
November 28, 2018, 09:19:45 AM
People have been limited to their patience, and this decline means the game is over for many people. We all know that the game is going on. There are people who plan to work very well.
November 28, 2018, 07:32:31 AM
Bitcoin and blockchain are awesome technology but it is being most used in gambling , betting , casino, all bad fields is this what making many countries step back making bitcoin and blockchain tech making legal or creating negative impressions for people using this technology
Everything you listed here are things that have been carried out in a massive scale even before the advent of bitcoin. The entire hard drugs in history has been estimated to worth more than the entire crypto market capitalization at some point and that was when bitcoin or blockchain have not gain ground at all. The point is every development would always be exploited for good and bad because individuals are involved. Its now the responsibility of the law enforcement agencies to ensure that activities against the wellbeing of the state are not carried out through such means.
November 27, 2018, 04:05:08 PM
When I saw the title I thought you would talk about selling strong drugs, sexual exploitation or hired killers... no gambling and betting, that's something quite personal that's allowed in most countries, so I don't know why you care about that when everyone should be responsible for their own money.
November 27, 2018, 03:29:28 PM
I bet it's being used for vicious reasons such as gambling and crimes in a way smaller percentage than it is used for other legit, safe and 'positive' purposes. Furthermore, it's still in its infancy. Anyone who has the basic knowledge level of Bitcoin and cryptocurrencies has at least half an year to an year or even more of using it. On the other side though, it's used by many huge corporations as a payment system (BTC on the Microsoft Store as an example) or for the technology (CitiBank) which gives people a very good and plausible reason to trust them. The volatility is a completely different subject though, which makes BTC an extremely high risk investment, creating this "unsafe" kind of thought inside many people's brains. Volatility is one of the most interesting parts of this technology though.
November 27, 2018, 02:47:43 PM
Bitcoin and blockchain are awesome technology but it is being most used in gambling , betting , casino, all bad fields is this what making many countries step back making bitcoin and blockchain tech making legal or creating negative impressions for people using this technology
When useful projects will develop, real benefit of blockchain will understand. Today's world blockchain technology and cryptocurrencies are using for mostly privaty, I agree with that.
November 27, 2018, 01:38:04 PM
No this is not true! actually we can't tell it now as the blockchain has limited use.
Let see the community few years from now once the local merchant are open for cryptocurrency.
but to tell you honestly there are just some who ar in bad shape. lets not get it to be negative now!
Let see the community few years from now once the local merchant are open for cryptocurrency.
but to tell you honestly there are just some who ar in bad shape. lets not get it to be negative now!
November 27, 2018, 01:28:36 PM
Bitcoin and blockchain are awesome technology but it is being most used in gambling , betting , casino, all bad fields is this what making many countries step back making bitcoin and blockchain tech making legal or creating negative impressions for people using this technology
Everything you listed here are things that have been carried out in a massive scale even before the advent of bitcoin. The entire hard drugs in history has been estimated to worth more than the entire crypto market capitalization at some point and that was when bitcoin or blockchain have not gain ground at all. The point is every development would always be exploited for good and bad because individuals are involved. Its now the responsibility of the law enforcement agencies to ensure that activities against the wellbeing of the state are not carried out through such means.
November 27, 2018, 12:30:45 PM
There is always a bad and a good side of anything and it only depends on how are you looking at it. Block chain technology is based on decentralised system which provides better security than the standard banking system. Of course, anyone can find a bad use of it and decentralisation brings anonymity which brings manipulation and of course money laundering that everyone is talking about. But this is present in any industry and the bad sides of block chain are pointed out at this moment simply because its popularity and the influence. Once it becomes welcomed by the masses and spread in more industries, the focus will be more on its good sides and the possibilities to reduce the negative sides.
November 27, 2018, 12:05:56 PM
Your claim is best described as been imaginative and deceitful thus it does not hold water, the last time i check blockchain technology is mainly use for creating of cryptocurrencies which is been used for trading on exchange, with a little proportion used for gambling which you and i does not have the moral justification to condem see this link for more info: https://blockchaintechnologycom.wordpress.com/2016/11/21/advantages-disadvantages/
November 27, 2018, 11:55:45 AM
Bitcoin and blockchain are awesome technology but it is being most used in gambling , betting , casino, all bad fields is this what making many countries step back making bitcoin and blockchain tech making legal or creating negative impressions for people using this technology
First you need to understand what bitcoin is and what is blockchain technology. And thanks to blockchain, it revolutionizes the on-line gambling industry so I don't see it being negative. Here are some use cases, as you can see all of them are really positive development and could help the government:
- Japanese City Trials Blockchain Voting for Social Development Programs
- Switzerland's “Crypto Valley” Successfully Completes Blockchain Voting Trial
- A Canadian Government Body Has Built an Ethereum Blockchain Explorer
November 27, 2018, 11:40:27 AM
Bitcoin and blockchain are awesome technology but it is being most used in gambling , betting , casino, all bad fields is this what making many countries step back making bitcoin and blockchain tech making legal or creating negative impressions for people using this technology
Why gambling, betting, and casinos are a bad thing? Maybe we should use blockchain for religious purposes, that way people like you would think we are using blockchain by the right way. That will be fun, now let's see what does God say about gambling and vicious, open your node at block 457 and read with me...
At the end you have no idea what are you talking about, maybe crypto coins are used for gambling, but there are not casinos using blockchain technology direct.
November 27, 2018, 11:32:54 AM
Many crypto coins are using blockchain technology in gambling fields and there are many coins which used blockchain tech for bad (i dont want to mention the coin names )only few coins like ripple are using blockchain tech for good fields like banking only few good uses
November 27, 2018, 11:26:19 AM
Bitcoin and blockchain are awesome technology but it is being most used in gambling , betting , casino, all bad fields is this what making many countries step back making bitcoin and blockchain tech making legal or creating negative impressions for people using this technology
Do you have evidence that block chains are used more for bad purposes than for good things, I do not agree with the title you give because it does not match the reality 
November 27, 2018, 11:17:46 AM
What 'uses' of the blockchain tech would you relate to being bad? Those that you have enumerated weren't even powered by blockchain to begin with, and most usage of blockchains today are still confined on cryptocurrencies and running it. Banks aren't even deploying their own versions of the blockchain and are only on their development phases, so it's pretty hard to know what's 'good' and 'bad' usage of the blockchain is right now.
Oh and also, the gambling industry is also a billion-dollar industry, and it create jobs for people too. I'm not saying that it is good all in all but there's still some credit to be given on the said industry.
Oh and also, the gambling industry is also a billion-dollar industry, and it create jobs for people too. I'm not saying that it is good all in all but there's still some credit to be given on the said industry.
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