do you know about improper use of bitcoin? - page 3.

gandhe83

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Quote from: Naughty Princess on July 06, 2018, 11:40:46 PM

Quote from: jemarie20 on April 01, 2018, 09:27:21 AM

Yes! bitcoin is digital currency that can we use as money because bitcoin is accepted as means of of payment of a something, so in that case some criminal take advantage the modern world and they use bitcoin in their illegal activities like buying illegal firearm and a like.

Bitcoin also uses to scam people that has not enough knowledge about crypto. Many are using it for illegal activities that if do not reduce, government have to stop by banning bitcoin and all get affected from it. Though bitcoin gives many benefits, we have to use it properly because the acceptance of it depends on the user of it.

Exactly. Those who are fooled are those who do not have the knowledge and the greed that can not be self-directed. This will lead to many bad consequences for this financial market. To be fair, there should be a proper way to equip yourself with the knowledge and skills to enter the market professionally. Not afraid of failure
Achieve higher goals. I think so.

PlusOne88

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“Tackling Climate Change Using Blockchain”

Yes I agree that mismanagement of bitcoin is an act leading to improper use of bitcoin. Think of bitcoin as money and you spend that on anything without so much thinking about what to buy. So it is the same improper use. Buying and panic selling can be considered misuse. You could lose your bitcoins in this manner and when done continually a person will lose more and than will gain most probably.

Aleth

newbie

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Yes, there are improper ways in using Bitcoin, as of the latest news of our media last month there are people use Bitcoin to scam people, Scampany and Bitcoin is medium of payment which make Bitcoin has bad image now in our country.

Cinemo

full member

Activity: 350

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Quote from: nursahath07 on November 16, 2017, 08:12:30 AM

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 ?

Of course the right now, and technology. I believe in science, the market will continue. I believe that this is not capitalism. The first is to give up again soon. I believe in mythical man, and other cryptocurrency is not that easy to be great currency someday, and the market will bear with cryptocurrency

millionaireshs

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Activity: 353

Merit: 12

Quote from: nursahath07 on November 16, 2017, 08:12:30 AM

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 ?

Improper use of bitcoin when you use your own account in public places like computer shop, sharing your private key in Facebook or your friends and also sharing it anywhere in yahoo, transact to any different exchanges without enough knowledge to use it.

Naughty Princess

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Quote from: jemarie20 on April 01, 2018, 09:27:21 AM

Yes! bitcoin is digital currency that can we use as money because bitcoin is accepted as means of of payment of a something, so in that case some criminal take advantage the modern world and they use bitcoin in their illegal activities like buying illegal firearm and a like.

Bitcoin also uses to scam people that has not enough knowledge about crypto. Many are using it for illegal activities that if do not reduce, government have to stop by banning bitcoin and all get affected from it. Though bitcoin gives many benefits, we have to use it properly because the acceptance of it depends on the user of it.

Sled

hero member

Activity: 1680

Merit: 535

Bitcoin- in bullish time

Quote from: Gameroid on July 06, 2018, 05:50:05 PM

Quote from: thevlox on July 06, 2018, 04:43:16 PM

yes bitcoin has many improper side. Many bad guys used to be in the AII direction and the bad name is Bitty bitcoin. Many people work in bitcoin for income but some people are bad They work it in many bad away.

Good and bad are always there, some people currencies for good purposes while other people use it for good purposes just like dollar and other currency, bitcoin is also a currency and now people even using it for shopping in offline shops. I think that the use of bitcoin will increase too much in future because people like and give more preference to bitcoin.

I agree with that. Good user and bad users are always there because there are no currency that is not being used for a bad purpose because bitcoin started from that, people are using bitcoin because they want to be safe in illegal transactions like drugs and other illegal stuffs but now bitcoin is now more on the side of good users who are using it to make more money and establishing more projects.

Apple Mac

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Quote from: Pixyoxx on November 23, 2017, 12:49:01 AM

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 agree with that they dont see Bitcoin as a way to improvr ourselves and they also used it to do anomalies. I think this why Britain banned bitcoin in their country correct me if Im wrong cause terrorists used Bitcoin as a way to enter that country and to provide security the leader decided to cut the communication of the people here to the country and vice versa, amd it also the reason ehy Bitcoin is not acceptable in other country.

Gameroid

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Quote from: thevlox on July 06, 2018, 04:43:16 PM

yes bitcoin has many improper side. Many bad guys used to be in the AII direction and the bad name is Bitty bitcoin. Many people work in bitcoin for income but some people are bad They work it in many bad away.

Good and bad are always there, some people currencies for good purposes while other people use it for good purposes just like dollar and other currency, bitcoin is also a currency and now people even using it for shopping in offline shops. I think that the use of bitcoin will increase too much in future because people like and give more preference to bitcoin.

thevlox

jr. member

Activity: 179

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yes bitcoin has many improper side. Many bad guys used to be in the AII direction and the bad name is Bitty bitcoin. Many people work in bitcoin for income but some people are bad They work it in many bad away.

kenlyresuello08

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Activity: 74

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We all have to know the proper and improper use of bitcoin. Like hacking, scamming, and other illegal action in bitcoin. its will be good to know the do's and don't. For we to know our limit using bitcoin.

As roma

newbie

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Quote from: lili song on November 26, 2017, 12:26:16 PM

Bitcoin has many flaw ,that's why my government still not legalize it although bitcoin is on high demand at the moment.
If government legalize bitcoin, it will broke bitcoin as decentralized currency also they will apply tax on them.

Only speculation and uncertainty are problems for Bitcoin. It is a condition like the "whichever comes first: an egg or a chicken". In order for bitcoin prices to be stable, large-scale economies need to grow with more businesses and users. In order for large-scale economies to flourish, businesses and users will seek price stability. Fortunately, uncertainty has no effect on the main benefits of Bitcoin as a payment system for transferring money from A to B. It is easy for business people to instantly convert instant billing of bitcoins into their currency, so that they benefit from Bitcoin without experiencing price fluctuations. Bitcoin offers many useful and unique features, so many users choose to use Bitcoin. With such solutions and incentives, it is very likely that Bitcoin will mature and grow until it reaches a stage where uncertainty / volatility in value is greatly reduced.

Happydd

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I'm not sure about this. But I know there are some people using bitcoin not properly. They used bitcoin to illegally wash money. Many people rely on the profits of bitcoin that cheat those who chant for money. Cry

Soranith

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Here in my country other people use bitcoin in a form of networking to scam people, they would tell people that if they will invest and invite more people their money will be double after 16 days. At first everything went smoothly but time flies they can give payout anymore and that's the start of those recruiters to disappear. Big amount of money was gone and alot became poor because of this kind of people.

Simone18

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This is why the government contradict bitcoin because some are making malicious deeds using bitcoin since people can make illegal transactions just using their own wallets and not knowing the identity of the person.

Deathgamer

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Well the improper use of bitcoin is by using it for buying drugs or anything that is not allowed by goverment also like being your by terrorist in their illegal transaction because if they use bitcoin the government cannot tract their activities

kauban2018

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Some people used Bitcoin in doing bad things in their own society. They used Bitcoin to use in crime, such as hacks, money laundering and the trading of drugs and illegal pornography. Investors worried that the sheer popularity of Bitcoin among criminals is a major contributor to its value. Some used Bitcoin in illegal trading to earn higher money without knowing that it is against to the country's law and people's right.

shiki3226

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Using bitcoins for illegal transactions are some of the improper ways of using bitcoin. These transactions are risky and dangerous and should be avoided as much as possible.

bncbnc

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Quote from: Surge_Dev on May 05, 2018, 04:08:54 PM

What do you mean by the improper use? I know that there are many scammers, especially among the traders. It is necessary to be very careful when buying coins and doing any other operations with the not trusted companies

I myself do not know about any improper use of bitcoin, i think that now it has become too much proper to use bitcoin for shopping online as well as to use it in your local market because shopping centers have now started accepting bitcoin for shopping in their shops.

Surge_Dev

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Activity: 266

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What do you mean by the improper use? I know that there are many scammers, especially among the traders. It is necessary to be very careful when buying coins and doing any other operations with the not trusted companies

Topic: do you know about improper use of bitcoin? - page 3. (Read 1756 times)