you are wrong.
the most usage of blockchain technology is in creating cryptocurrencies. and cryptocurrencies are mostly used for speculation or in other words for trading on exchanges.
in comparison usage of cryptocurrencies in gambling is a very small percentage.
Topic: Blockchain tech is being used for bad purpose more, rather than good - page 4. (Read 671 times)
November 27, 2018, 10:52:59 AM
November 27, 2018, 10:42:26 AM
I kind of disagree with this. Long before bitcoin and blockchain were invented, people are already using fiat to gamble and bet in casinos. It is just that now people have alternative means to used to gamble and bet in the form of bitcoins. Besides, it is not like those who use these technology are using it to terrorize people and commit other crimes, right?
November 27, 2018, 10:39:43 AM
Fiat currencies like the US dollar is being used in gambling in general also, does it make it bad due to that specific reason? Not really.
Also, most if not all technologies pretty much almost always has a bad side to it.
And many many more. So, for all these negative downsides of these technologies, does it really make them "bad"? I don't think so. The good things they can do heavily outweighs the bad things.
yes but blockchain tech is used in unnecessary fields more and in good fields it is being used less Also, most if not all technologies pretty much almost always has a bad side to it.
- Cars are used for better transporation but can be used as getaway vehicles for criminals
- The internet is used for various great things like storing/retrieving of information, etc, whereas it can also be used to commit crime(theft, identification theft, etc)
- Cellphones(especially the older, keypad ones), are made for better communication, whereas it also can be used to wirelessly detonate bombs
And many many more. So, for all these negative downsides of these technologies, does it really make them "bad"? I don't think so. The good things they can do heavily outweighs the bad things.
my worry i why such an good technology is not used more in good fields
November 27, 2018, 10:30:53 AM
Gambling is part of the adoption that we aim for. If we are to make this massive we aim for all people including the gamblers who enjoys much online gambling. Same thing were developers are trying to come up with good dapps for merchants and users. I'd like to think all is good because they are part of the ecosystem.
November 27, 2018, 10:17:05 AM
gambling , betting , casino,
The aforementioned vices(according to you),have all being in existence long before the bitcoin nor it's underlying technology(the blockchain technology),ever was borne... And it's fairly legal in most countries.
This definitely is not a bad side to the bitcoin as financial instruments have been used to fulfill the aforementioned even before the bitcoin..
November 27, 2018, 10:15:12 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
Blockchain has been used in gambling because its use is obvious and useful for this industry. Nevertheless, blockchain is very popular in the retail and tourism business.
November 27, 2018, 10:00:34 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
All of the things you have listed are subjective. Many people do not have any issues with such things and they are legal in a large majority of countries. Blockchain is used in those industries to offer a cheaper and fairer alternative to traditional alternatives. Similarly to how it is used in logistics, finance etc.
November 27, 2018, 09:47:59 AM
Fiat currencies like the US dollar is being used in gambling in general also, does it make it bad due to that specific reason? Not really.
Also, most if not all technologies pretty much almost always has a bad side to it.
And many many more. So, for all these negative downsides of these technologies, does it really make them "bad"? I don't think so. The good things they can do heavily outweighs the bad things.
Also, most if not all technologies pretty much almost always has a bad side to it.
- Cars are used for better transporation but can be used as getaway vehicles for criminals
- The internet is used for various great things like storing/retrieving of information, etc, whereas it can also be used to commit crime(theft, identification theft, etc)
- Cellphones(especially the older, keypad ones), are made for better communication, whereas it also can be used to wirelessly detonate bombs
And many many more. So, for all these negative downsides of these technologies, does it really make them "bad"? I don't think so. The good things they can do heavily outweighs the bad things.
November 27, 2018, 09:38:17 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
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