Can Bitcoin be used for Good? - page 10.

Positid

sr. member

Activity: 378

Merit: 250

BULL RUN until 2030

Quote from: abel1337 on November 24, 2016, 03:00:59 AM

Quote from: ardentvolcanoes on November 24, 2016, 12:37:37 AM

Quote from: pealr12 on November 23, 2016, 09:06:43 AM

We should consider that there is no forever.

this statement is just like I've always from teens who suffers from heartbreak Grin

by the way, we can say that bitcoin would not last forever but as long as the chain is working and there's still processing the transaction bitcoin will still alive. but for sure this is unlikely to happen as bitcoin is continuous to spread.

Bitcoin chain can stop . If bitcoin server /blockchain is hacked or government banned bitcoin in each country in the world. But i think even bitcoin is banned by government. Bitcoin can be use in darkweb.

It's true as bitcoin is widely use in the dark market so we still have no problem with that. But I am still not convince why bitcoin will be ban by the government when they are benefiting from the system, they can collect money as many business will be created since people who can use bitcoin will be attract to shop online or transact online due to lower charges or almost free.

mrkevio

full member

Activity: 210

Merit: 100

It can for sure. I don't think Bitcoin was meant to be used for crimes or illegal transactions - that's probably just what some criminals thought of after it's been launched and became popular. Bitcoin can be profitable through mining, so you don't need to complete illegal transactions in order to get your profit with it. I'm using it for good reasons and I always did..

abel1337

legendary

Activity: 2492

Merit: 1145

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: ardentvolcanoes on November 24, 2016, 12:37:37 AM

Quote from: pealr12 on November 23, 2016, 09:06:43 AM

We should consider that there is no forever.

this statement is just like I've always from teens who suffers from heartbreak Grin

by the way, we can say that bitcoin would not last forever but as long as the chain is working and there's still processing the transaction bitcoin will still alive. but for sure this is unlikely to happen as bitcoin is continuous to spread.

Bitcoin chain can stop . If bitcoin server /blockchain is hacked or government banned bitcoin in each country in the world. But i think even bitcoin is banned by government. Bitcoin can be use in darkweb.

goldcoinminer

hero member

Activity: 952

Merit: 500

Quote from: ardentvolcanoes on November 24, 2016, 12:37:37 AM

Quote from: pealr12 on November 23, 2016, 09:06:43 AM

We should consider that there is no forever.

this statement is just like I've always from teens who suffers from heartbreak Grin

by the way, we can say that bitcoin would not last forever but as long as the chain is working and there's still processing the transaction bitcoin will still alive. but for sure this is unlikely to happen as bitcoin is continuous to spread.

The chain is there, it might last but it's worthless without the support of the people. What makes bitcoin valuable now is because of the people who are supporting it (you, me, & they), if we will stop and bitcoin loses it's popularity bitcoin will die and our coins will be worthless.

ardentvolcanoes

sr. member

Activity: 1050

Merit: 252

Quote from: pealr12 on November 23, 2016, 09:06:43 AM

We should consider that there is no forever.

this statement is just like I've always from teens who suffers from heartbreak Grin

by the way, we can say that bitcoin would not last forever but as long as the chain is working and there's still processing the transaction bitcoin will still alive. but for sure this is unlikely to happen as bitcoin is continuous to spread.

stadus

legendary

Activity: 3080

Merit: 1292

Hhampuz for Campaign management

Quote from: olushakes on November 23, 2016, 04:06:00 PM

Why not, why can't it be used for good? We have even had Bitcoin donated for charity cause example is "Bitcoin 100 which has run its cause". In a world there will be people who are good and some who are naturally bad and Bitcoin is a tool since its money and can be used to achieve any of the objectives depending on whose hands it found itself.

It can be use for good as the main purpose of bitcoin actually is for the good of the people, you cannot control those people who are making bad activities using bitcoin because they have the freedom to spend their bitcoins on the way they want, but the question is not even the right question IMO as you are indirectly accusing bitcoin that it is solely use for illegal or bad activities.

Tyrantt

hero member

Activity: 1022

Merit: 564

Need some spare btc for a new PC

Quote from: groll on November 23, 2016, 09:56:57 PM

Quote from: pealr12 on November 23, 2016, 09:06:43 AM

I dont know ,if people stops accepting bitcoin then its the end. We should consider that there is no forever.
But before i die ,bitcoin will be still use by many people around the world.

Yeah there is no forever in everything in this planet. Everything will have it's own end in time. But for bitcoin, as long as many people are using it, and many are still adopting it, then I can say that it will continue till for the years to come. Who knows, in time, it can be a standard currency that will be used around the world.

I really doubt that bitcoin will stop being used, considering the fast spreading in usage and the price going up but when the quantum computers come, bitcoin is doomed pretty much.

groll

sr. member

Activity: 336

Merit: 250

Quote from: pealr12 on November 23, 2016, 09:06:43 AM

I dont know ,if people stops accepting bitcoin then its the end. We should consider that there is no forever.
But before i die ,bitcoin will be still use by many people around the world.

Yeah there is no forever in everything in this planet. Everything will have it's own end in time. But for bitcoin, as long as many people are using it, and many are still adopting it, then I can say that it will continue till for the years to come. Who knows, in time, it can be a standard currency that will be used around the world.

olushakes

sr. member

Activity: 476

Merit: 254

Why not, why can't it be used for good? We have even had Bitcoin donated for charity cause example is "Bitcoin 100 which has run its cause". In a world there will be people who are good and some who are naturally bad and Bitcoin is a tool since its money and can be used to achieve any of the objectives depending on whose hands it found itself.

prtty2gal2

hero member

Activity: 1092

Merit: 523

Quote from: passwordnow on November 22, 2016, 10:56:13 PM

Quote from: Natalim on November 22, 2016, 10:29:35 PM

Quote from: Sithara007 on November 22, 2016, 01:34:35 PM

Quote from: RyanLiang on November 21, 2016, 03:28:54 AM

Quote from: Shenzou on November 20, 2016, 05:20:42 AM

bitcoin is a double edged sword on one hand using it provides security on the internet since no one can trace you down and on the other hand it provides a big opportunity for hackers and black market dealers that use it for selling drugs and other illegal stuff since it provides anonymity,but it all depends on the person that is using it

The bitcoin is not totally anonymous. It is pseudo anonymous. So you can be traced by using the bitcoin.

That is true. As the trail can't be destroyed in blockchain, the user can be tracked back with varying levels of ease. However, if the user mixes his coins, then it takes a lot of time and effort to track him (an example is Tomáš Jiřikovský, the Sheep Marketplace thief).

Nowadays, mixing service is very popular especially when you are doing an illegal activities. True, you can trace the bitcoin address for the transaction but it's hard to determine who are the people transacting. It's the benefits of using bitcoin but we do not need to abuse it as it might not give us a good benefits.

We can't even stop those people who are abusing bitcoin for real. Because they are loving the way they use bitcoin for their bad plans and doings. But let's just forget those people who are involved to such activities and instead of talking about them, let's just all together work for the good of bitcoin and use it for our own good and needs.

Yes, in fact bitcoin is use for good purpose only but still there may be some people who are using it for illegal activities or purposes but mostly we can see that people use bitcoin for fulfilling their daily needs like shopping etc, so most of the people are using it for good purposes.
By considering the potential of bitcoin, it may serve serve human for a better life but only if we start innovating new ideas.

Zadicar

legendary

Activity: 1386

Merit: 1020

DGbet.fun - Crypto Sportsbook

Bitcoin is could be used on either good or bad, it really depends on the person or user on how he gonna utilize it some may use it on legal way just for online transactions and online payments and we cannot really avoid about those bad people will surely use bitcoins feature which is anonymity they use this as an advantage to make some illegal things which cant be tracked by someone.

clickerz

hero member

Activity: 1414

Merit: 505

Backed.Finance

Quote from: Blackdeath on November 23, 2016, 07:59:35 AM

Yes it's purpose is for good. As you can see on the platform of btc, what their goal is to use btc in digital currency, easiest and secured mode of payment. However, bitcoin can be used for bad things. It is depend on the people who use it.

I agree with your statement just like with our regular fiat money. Spending it for good is a choice from someone who owns it. We ca not deny that there are also who are using bitcoin for illegal activities and fraud.

Dudeperfect

hero member

Activity: 1190

Merit: 534

Quote from: pealr12 on November 23, 2016, 09:06:43 AM

I dont know ,if people stops accepting bitcoin then its the end. We should consider that there is no forever.
But before i die ,bitcoin will be still use by many people around the world.

Exactly, bitcoin won’t last forever and so that with everything. Bitcoin was invented just 7 years ago and still it is in early phase (I believe so) and thus it indicates that we have yet to reach big milestone and more and more people are joining us which is making our community even stronger. Yes, people around the world are using bitcoin and the number is increasing day by day so we don’t have to worry about existence of bitcoin at this moment.

danherbias07

legendary

Activity: 3346

Merit: 1134

Leading Crypto Sports Betting & Casino Platform

Quote from: (altair) on November 23, 2016, 08:39:10 AM

It can be use either good or for bad. It depends on what kind of person are you and how do you intend to use it. Bitcoin can be use for good things in many ways like it's more convenient to send and receive through your family and friends. Also you can use it for bad like buying drugs or deadly weapons without knowing who you are over the internet.

It will just be the conscience of who did it. If it is for the wrong then we would not know it. But he does knew it by himself. We cant argue with those people specially when they are used in doing it.

pealr12

hero member

Activity: 1946

Merit: 502

I dont know ,if people stops accepting bitcoin then its the end. We should consider that there is no forever.
But before i die ,bitcoin will be still use by many people around the world.

(altair)

sr. member

Activity: 308

Merit: 250

It can be use either good or for bad. It depends on what kind of person are you and how do you intend to use it. Bitcoin can be use for good things in many ways like it's more convenient to send and receive through your family and friends. Also you can use it for bad like buying drugs or deadly weapons without knowing who you are over the internet.

Blackdeath

sr. member

Activity: 910

Merit: 261

★Bitvest.io★ Play Plinko or Invest!

Quote from: alyssa85 on April 08, 2016, 08:21:28 AM

http://www.theatlantic.com/technology/archive/2016/04/bitcoin-hype/477141/

Quote

Something strange is happening to Bitcoin. Once viewed as a way to do business in the darkest corners of the web, the digital currency has rather suddenly become a favorite talking point among humanitarians and international development enthusiasts.

Bitcoin isn’t just for illicit transactions or Internet hobbyists anymore, but for helping the poor, the downtrodden, and the unbanked.

Perhaps Bitcoin can save them! Perhaps Bitcoin can save the world!

Regardless of whether this attitude is realistic—and more on that in a minute—the people focused on demonstrating the social benefits of Bitcoin are challenging existing narratives about the cryptocurrency. While early commentary focused on how Bitcoin might be used to buy drugs online, or for sending money without a paper trail; the social-good argument suggests that these uses were simply the first use-cases in which Bitcoin’s utility became apparent. But there are billions of other potential use. There are, for example, people who face significant obstacles in operating within the formal banking system—and these folks look very different from the shadowy hackers that tend to be seen as the prototypical Bitcoin user. They could be low-wage migrant workers sending money back home to their families, for example, or activists receiving money from abroad during tumultuous times.

Yes it's purpose is for good. As you can see on the platform of btc, what their goal is to use btc in digital currency, easiest and secured mode of payment. However, bitcoin can be used for bad things. It is depend on the people who use it.

SyGambler

legendary

Activity: 2436

Merit: 1804

guess who's back

for me bitcoin means all my online wealth , so for sure I'm using it for good and growing it
and also you should define what good is , cause some people may consider gambling bad but I don't agree with that
also I haven't seen any bad usage of bitcoin so far , so for me bitcoin can definitely be used for good

avikz

legendary

Activity: 3080

Merit: 1500

Definitely it can be used for good only if you want to do good with it. Don't know how good it can do to the masses, but certainly it can do good for your own lifestyle.

Just don't treat bitcoin as a regular currency and treat it as an investment or asset. More correctly an intangible asset. Hold it for another 5 years and you will see your money is touching the highest peak compared to any other conventional investment. So it can certainly do good to your lifestyle. Alternatively you must understand that bitcoin is not a magic wand so handle it wisely.

Xenophoto

hero member

Activity: 826

Merit: 502

Quote from: crwth on November 23, 2016, 06:18:15 AM

I think it really depends on how you use it. There are a lot of people who use it for the bad things and the way I can say that is because some tv shows and series take it seriously. It really happens in the real world. The possibilities and potential of bitcoin are perfect for making bad things. It's just that anonymity doesn't serve anything, if it's bad or good, we can just see the transactions being done in the blockchain.

Fiat is even more anonymous. If you see a 20$ in the table, do you know who is the owner of it? Do you know the past of that money? No. In bitcoin, you can trace the history of the money. People just hyped up the idea of bitcoin being used in the dark net when on the other side fiat is used right from the start in illegal activities. I think that bitcoin is being featured in bad things on TV shows because people think being someone shady on the internet and being a hacker is a really cool thing.

Topic: Can Bitcoin be used for Good? - page 10. (Read 38368 times)