Topic: Debate: Do you think criminals do more good than harm to bitcoin? - page 3. (Read 2198 times)
October 29, 2015, 06:35:40 AM
The image of bitcoin that has been caused by these criminals are not good at all and its not the first time that has happened... by the time im posting this , some of the members of my family think using bitcoin is illegal and I could get in trouble due to a movie they watched before which was some highschool guys selling illegal drugs at school and using bitcoin as payment so the harm is already there since people judge the entire use by seeing a single case online
October 29, 2015, 06:35:35 AM
obiusly the kid could have died this its terror crime and terrible for the btc world like the money work money any kind should be used for good porpouses like work and get paid nthing more and to eat too.
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October 29, 2015, 06:32:49 AM
criminals is a criminal , dont think they will do good things, criminals are just a garbage ,ofcourse they'll make bitcoin popular, but popular in negative sides , just dont expect anything from a criminals
October 29, 2015, 06:25:51 AM
I think that they help bring more trade volume to the market. If they commit crimes and get caught then that is their own fault.
October 29, 2015, 06:23:19 AM
I think that criminals are bad for bitcoins. In this case they can help to the incrising prices, but could be that in just one day they sold all to convert to its local money. The bad publicity that this have its important for new users that want to join to bitcoin payment system.
October 29, 2015, 06:10:38 AM
I think that most of the negativity comes due to the fact that bitcoin is in the news so often so more and more people are starting to hear about it. So anything 'bitcoin' is newsworthy at this stage even more so if it involves a crime of some kind.
There are thousands of other crimes being committed daily where fiat is involved but these are not as 'newsworthy' so not really covered in the media unless there is one or other angle to the story.
So best we can hope for is that bitcoin becomes so prevalent that it's seen as just 'another currency' but I doubt whether that will happen anytime soon.
There are thousands of other crimes being committed daily where fiat is involved but these are not as 'newsworthy' so not really covered in the media unless there is one or other angle to the story.
So best we can hope for is that bitcoin becomes so prevalent that it's seen as just 'another currency' but I doubt whether that will happen anytime soon.
October 29, 2015, 06:01:38 AM
Also, that is assuming that they are buying the coins on an exchange.
You can expect that at least part of this number of coins would be traded off exchange. First to maintain a stable but price, second because you don't want to send 2 million USD to a dubious exchange..
You can expect that at least part of this number of coins would be traded off exchange. First to maintain a stable but price, second because you don't want to send 2 million USD to a dubious exchange..
October 29, 2015, 05:57:22 AM
I just made this post in another thread so that I don't repeat myself. There is really nothing we can do about criminals using it!!
https://bitcointalksearch.org/topic/m.12818949
About 5.5k bitcoins making an impact, as others have said, this is nothing. This is one serious buy or sell and can't do nothing to the Bitcoin market.
https://bitcointalksearch.org/topic/m.12818949
About 5.5k bitcoins making an impact, as others have said, this is nothing. This is one serious buy or sell and can't do nothing to the Bitcoin market.
October 29, 2015, 05:40:22 AM
the market rised by 1B practically(33%) 1.7M is nothing in comaprison, a tiny drop in the ocean
if who want thos ebitcoin don't dump the next day, then it could be good in a bad way to ahve those situation
if who want thos ebitcoin don't dump the next day, then it could be good in a bad way to ahve those situation
October 29, 2015, 05:36:20 AM
5.5K BTC is quite a large amount, but not enough to move the market this much. And that's considering they really bought 5.5K BTC. The current price advance looks more like a rally rather than 1 entity buying coins just to be able to pay the ransom. At the end it will only be negative as the coins most likely will get mixed first and then dumped.
October 29, 2015, 05:34:40 AM
It is still bad for me, because it imprints a negative impression on the minds of people who read this kind of news about bitcoin. You can say that it has a good effect price-wise but overall, it' creates uncertainty on the side of the masses on whether or not they would use bitcoin.
October 29, 2015, 05:23:25 AM
Lately I have seen another news of some kidnappers demanding ransom in bitcoin. Then the family seems to be really bought $1.7M worth of BTC (about 5.5k BTC as my estimate). This would be one of the reason for the recent price increase ($1.7M is a lot of money!). However medias keep spreading false information on bitcoin, like stating 'bitcoin is using widely in criminals' etc.
So how do you think? Does the advantages outweigh the disadvantages?
So how do you think? Does the advantages outweigh the disadvantages?
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