One of the reason why government and others are against of bitcoin is because it is used in illegal transactions. They cannot think what will be the result in doing that.
Lack of knowledge why others led to use it in bad ways. It is true that it can give opportunity for everyone but those opportunity create a wrong impression to others.
Topic: do you know about improper use of bitcoin? (Read 1752 times)
Well of course the only improper use of bitcoin is that if we use it i any illegal forms of activity.
due to that bitcoin is very open to any person whether the individuals is a bad or good type of people. And this could be the other reason of the government of the country, that's in some exchange that based centralized has a kyc requirements to avoid AML.
due to that bitcoin is very open to any person whether the individuals is a bad or good type of people. And this could be the other reason of the government of the country, that's in some exchange that based centralized has a kyc requirements to avoid AML.
according to different observation i think few ways are available for abusing bitcoins transections such as Technical weakness , Greedy peoples ro dishonest people , proper management. i would like to describe above mentioned quotatin in briefly
1. technical weakness: we know its a peer to peer transection system throgh confirmed way. within a few second a dishonest person can get more money by fast clicking when submit second payment of different recipient.
2. proper management: there is so many lack of proper management of human or account holders. so many hackers want to hack system for getting money because bitcoins holder don't have any insurance like bank account holders. even government don't follow rules and regulation for virtual currency holders.
So what you think about it ?
It is one of the reason why the governments have a doubt to legalize bitcoin. They are aware to the improper use of the bitcoin, there are many criminals who keep using it because they know that they are anonymous. 1. technical weakness: we know its a peer to peer transection system throgh confirmed way. within a few second a dishonest person can get more money by fast clicking when submit second payment of different recipient.
2. proper management: there is so many lack of proper management of human or account holders. so many hackers want to hack system for getting money because bitcoins holder don't have any insurance like bank account holders. even government don't follow rules and regulation for virtual currency holders.
So what you think about it ?
Because of the anonymity of the bitcoin, there sre many greedy people who using bitcoin for their own satisfaction and happiness. The bitcoin earned bad reputation because of the scammers who using the image of the bitcoin.
according to different observation i think few ways are available for abusing bitcoins transections such as Technical weakness , Greedy peoples ro dishonest people , proper management. i would like to describe above mentioned quotatin in briefly
1. technical weakness: we know its a peer to peer transection system throgh confirmed way. within a few second a dishonest person can get more money by fast clicking when submit second payment of different recipient.
2. proper management: there is so many lack of proper management of human or account holders. so many hackers want to hack system for getting money because bitcoins holder don't have any insurance like bank account holders. even government don't follow rules and regulation for virtual currency holders.
So what you think about it ?
There are many rumors about the improper use of the bitcoin in the dark net. The rumors are about bitcoin as a medium of exchange of drugs, human trafficking and many more illegal things. It is really true that bitcoin can also use in bad ways. 1. technical weakness: we know its a peer to peer transection system throgh confirmed way. within a few second a dishonest person can get more money by fast clicking when submit second payment of different recipient.
2. proper management: there is so many lack of proper management of human or account holders. so many hackers want to hack system for getting money because bitcoins holder don't have any insurance like bank account holders. even government don't follow rules and regulation for virtual currency holders.
So what you think about it ?
according to different observation i think few ways are available for abusing bitcoins transections such as Technical weakness , Greedy peoples ro dishonest people , proper management. i would like to describe above mentioned quotatin in briefly
1. technical weakness: we know its a peer to peer transection system throgh confirmed way. within a few second a dishonest person can get more money by fast clicking when submit second payment of different recipient.
2. proper management: there is so many lack of proper management of human or account holders. so many hackers want to hack system for getting money because bitcoins holder don't have any insurance like bank account holders. even government don't follow rules and regulation for virtual currency holders.
So what you think about it ?
It is one of the disadvantages of the bitcoin, the bitcoin can use in a bad way. I have read many articles about criminals who are using bitcoins. They are using the anonymity of the bitcoin as their advantage. 1. technical weakness: we know its a peer to peer transection system throgh confirmed way. within a few second a dishonest person can get more money by fast clicking when submit second payment of different recipient.
2. proper management: there is so many lack of proper management of human or account holders. so many hackers want to hack system for getting money because bitcoins holder don't have any insurance like bank account holders. even government don't follow rules and regulation for virtual currency holders.
So what you think about it ?
Inappropriate use of bitcoin goes further to prohibited or criminal activities, namely theft, fraud and other malicious activities, even those who live in the underworld often use bitcoin to make transactions, I think it is common for bitcoin users to see weaknesses or inaccuracies use.
according to different observation i think few ways are available for abusing bitcoins transections such as Technical weakness , Greedy peoples ro dishonest people , proper management. i would like to describe above mentioned quotatin in briefly
1. technical weakness: we know its a peer to peer transection system throgh confirmed way. within a few second a dishonest person can get more money by fast clicking when submit second payment of different recipient.
2. proper management: there is so many lack of proper management of human or account holders. so many hackers want to hack system for getting money because bitcoins holder don't have any insurance like bank account holders. even government don't follow rules and regulation for virtual currency holders.
So what you think about it ?
It is one of the disadvantages of the bitcoin, the bitcoin can use in a bad way. I have read many articles about criminals who are using bitcoins. They are using the anonymity of the bitcoin as their advantage. 1. technical weakness: we know its a peer to peer transection system throgh confirmed way. within a few second a dishonest person can get more money by fast clicking when submit second payment of different recipient.
2. proper management: there is so many lack of proper management of human or account holders. so many hackers want to hack system for getting money because bitcoins holder don't have any insurance like bank account holders. even government don't follow rules and regulation for virtual currency holders.
So what you think about it ?
Improper use of bitcoin can be ascribed to criminal activities, cyber theft and attacks and other such hideous things. Because there is no identification of the buyer or seller other than there wallet adress, it is very popular among criminal minded cyber-active peoples to get away with it. Same is the case for cyber security threats and different kinds of ransomwares. Recently in the ransomware attack, the money asked was to be given in forms of butcoins only.
I couldn't agree more. In my opinion, the improper use of bitcoin are bitcoin being associated by the criminal doings and stuffs. The illegal transaction in buying the prohibited things such as drugs, and dangerous weapon by using bitcoin is an improper use of it. Also the security threats is one of it.
I think these security breeches and criminal activities involving crypto currency actually disuades more and more peoppe to hitch their wagon on crypto currency and more and more people are encouraged to get out of crypto currency. But i really think these things will be lessened in the next few years due to improvements of developers.
Well people in essence will want to crack down a safe in order for other people to make a newer and better safe. This cycle actually creates an opportunity for project directors and security heads to bolster their security and beef it up so that users will be more comfortable. Also, let's not forget the greedy nature of humans in general.
There are instances where we read that bitcoin featured in money laundry, terrorism and child pornography but I later read that this things are not as rampant as those negative news portrayed it to be. In fact, we have more of this with local currency. All I know is that there are scam done with bitcoin,especially through ICO.
according to different observation i think few ways are available for abusing bitcoins transections such as Technical weakness , Greedy peoples ro dishonest people , proper management. i would like to describe above mentioned quotatin in briefly
1. technical weakness: we know its a peer to peer transection system throgh confirmed way. within a few second a dishonest person can get more money by fast clicking when submit second payment of different recipient.
2. proper management: there is so many lack of proper management of human or account holders. so many hackers want to hack system for getting money because bitcoins holder don't have any insurance like bank account holders. even government don't follow rules and regulation for virtual currency holders.
So what you think about it ?
some of the risks that must be faced by those bitcoin users or account users who are in this forum, then before we really dive we must know with some risks and be prepared to deal with it. 1. technical weakness: we know its a peer to peer transection system throgh confirmed way. within a few second a dishonest person can get more money by fast clicking when submit second payment of different recipient.
2. proper management: there is so many lack of proper management of human or account holders. so many hackers want to hack system for getting money because bitcoins holder don't have any insurance like bank account holders. even government don't follow rules and regulation for virtual currency holders.
So what you think about it ?
Bitcoins are use underground transaction especially black market. Even drugs can be trades with bitcoin. Because of the technology, bitcoin is used improperly. We cant blame bitcoin for this, we should blame those who are using bitcoin as their gateway in DOING this illegal transaction.
how can bitcoin be misused? output it when the rate fell? I do not know another, but this is nonsense
Misused if people don't know its real function and just relying on the market, when they don't know how to keep calm especially during the situation nowadays and it is not normal. That is why it is not advisable to buy bitcoin if you are not ready.
how can bitcoin be misused? output it when the rate fell? I do not know another, but this is nonsense
according to different observation i think few ways are available for abusing bitcoins transections such as Technical weakness , Greedy peoples ro dishonest people , proper management. i would like to describe above mentioned quotatin in briefly
1. technical weakness: we know its a peer to peer transection system throgh confirmed way. within a few second a dishonest person can get more money by fast clicking when submit second payment of different recipient.
2. proper management: there is so many lack of proper management of human or account holders. so many hackers want to hack system for getting money because bitcoins holder don't have any insurance like bank account holders. even government don't follow rules and regulation for virtual currency holders.
So what you think about it ?
1. technical weakness: we know its a peer to peer transection system throgh confirmed way. within a few second a dishonest person can get more money by fast clicking when submit second payment of different recipient.
2. proper management: there is so many lack of proper management of human or account holders. so many hackers want to hack system for getting money because bitcoins holder don't have any insurance like bank account holders. even government don't follow rules and regulation for virtual currency holders.
So what you think about it ?
In my own opinion, the improper use of bitcoins is that, if it will be used for illegal transactions such as money laundering to buy drugs and that is the reason why some of the governments wants to ban cryptocurrency.
I do not know how to use BTC money. But for me BTC is a place to invest and is my asset.
The major improper use of bitcoin will have to do with all kind of financial crimes. All these are possible as a result of decentralization and anonymity. There is no record of identity for users. The only thing that is mainly available after a cryptocurrency transaction is the wallets of the users.
My dear everyone know here that Bitcoin is nor a drug nor an arm or ammunition that someone will get hurt with it medically or physically. It is a financial tool and those who want to make illegal or I will say immoral use of it will be financial.I guess decentralisation and anonymity both are it's good characters that makes it different from the conventional financial system. Saying they are the reasons to illegal activities is wrong because dollar don't have both these characteristics but still is the number one currency preferred for illegal activities.
Yes. People now use bitcoin to carry out all kind of criminal activities such as money laundering, drug traficking and funding terrorism.
This could be attributed to its anonymous structure.
This could be attributed to its anonymous structure.
Jump to: