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Topic: do you think bitcoin is controversial ? - page 28. (Read 3393 times)

sr. member
Activity: 1274
Merit: 263
November 24, 2017, 10:02:10 AM
#25
yes indeed it was,
if you're an old crypto enthusiast and have been here for more than 2 years you should know that cryptocurrency is full of drama.
based on that alone we can tell it's controversial or not ?
whenever someone discover something new it will be a hot topic and there will be a lot of pros and cons.
just like Bitcoin right now,which mean this thing and every new thing is a controversial because it will cause a lot of debate.
for someone who do not know about it,they claim that it has no use to people and only used by criminal and terrorism.
which for them who believe it do not agree to it,
somebody will say no and somebody will say yes,it's all depend on the viewer themself but if we're looking at the fact,
it should be a controversial.
sr. member
Activity: 385
Merit: 250
November 24, 2017, 09:54:28 AM
#24
I do not think it is controversial. It is controversial. Bitcoin use is still very much a polarizing issue, which is basically the definition of controversial. It is getting a little better in recent weeks tho from what I am seeing.
full member
Activity: 502
Merit: 100
November 24, 2017, 09:20:36 AM
#23
Rather than controversial, I think that BTC (& crypto in general) is free from regulation. It's a different thing really. In the same way that the trustless nature of cash makes it more valuable to criminals, it seems only natural that the digital equivalent would do the same.

I agrre with that, but I also agree with the term Controversial, since bitcoin is very expensive people tend to make it secret I am not literally secret but rather than not making it publicized since people will tend to lose opportunities that supposed to be for them or other people who really strive hard here. Its controversial since people where not that open in sharing knowledge about since other people think that this is just a scam.

it's hard to share bitcoin to someone's thinks it's a scam, that's why others keep it secret, bitcoin is very good especially In terms of investing but some people known this is a wrong way, the truth is they are wrong because they did not research where they invested, but because they did not study they thought was the scam is bitcoin.
full member
Activity: 315
Merit: 100
Investing in the future development of blockchain
November 24, 2017, 08:37:51 AM
#22
Rather than controversial, I think that BTC (& crypto in general) is free from regulation. It's a different thing really. In the same way that the trustless nature of cash makes it more valuable to criminals, it seems only natural that the digital equivalent would do the same.

I agrre with that, but I also agree with the term Controversial, since bitcoin is very expensive people tend to make it secret I am not literally secret but rather than not making it publicized since people will tend to lose opportunities that supposed to be for them or other people who really strive hard here. Its controversial since people where not that open in sharing knowledge about since other people think that this is just a scam.
hero member
Activity: 2268
Merit: 789
November 24, 2017, 08:29:55 AM
#21
as we know so many reason to make controversial bit coin currency in practical or real media sanitation. if  we observe very carefully  few past few years we have seen that  criminal activities  or occurrence  are occurred by the help of hackers and trader make it famous moving thousand of dollars outside by cheating  with government law enforcement for that reason value of bitcoin increasing very high. even they make money away from center bank and government unable to hold money from general people and through this process people convert this money into different things. i think this is enough for making controversial and what do you think about my think ?

Currently, I think that bitcoin is definitely controversial, considering its significant price in the market nowadays. Big investment corporations like GME Inc. are starting to recognize its potential by allowing bitcoin to be included on its trading aspects. But I think that with the recent price hike, there are a lot of scams happening that contributes to the negative stigma of bitcoin. Just to cite you an example, 2-3 days ago confido.io founders scammed at least $375,000 worth of ICO money from investors. Due to this, investors are now more skeptical of investing their money into other cryptocurrencies which may negatively affect bitcoin in the near future.
sr. member
Activity: 392
Merit: 250
November 24, 2017, 08:11:56 AM
#20
Whatever allegations you make against bitcoin is already done with the use of fiat currency itself.It was not totally happening just after the entry of bitcoin.

Bitcoin is magnificent technology which could be used for progress like earning more and sending huge amounts of money with very low transaction fee.But if some use it for illegal activities,its their mindset and bitcoin could not be blamed for that.
member
Activity: 200
Merit: 11
November 24, 2017, 07:44:35 AM
#19
as we know so many reason to make controversial bit coin currency in practical or real media sanitation. if  we observe very carefully  few past few years we have seen that  criminal activities  or occurrence  are occurred by the help of hackers and trader make it famous moving thousand of dollars outside by cheating  with government law enforcement for that reason value of bitcoin increasing very high. even they make money away from center bank and government unable to hold money from general people and through this process people convert this money into different things. i think this is enough for making controversial and what do you think about my think ?
No I don’t think so bitcoin is controversial because bitcoin is clear to everyone and everyone know that bitcoin is a digital currency and it’s going to each a lot of good things and its now very stable with high price in market and it’s also safe and sound to invest bitcoin is now legal in many countries and still rest of countries want to accept bitcoin.
legendary
Activity: 2534
Merit: 1338
November 23, 2017, 05:14:49 PM
#18
as we know so many reason to make controversial bit coin currency in practical or real media sanitation. if  we observe very carefully  few past few years we have seen that  criminal activities  or occurrence  are occurred by the help of hackers and trader make it famous moving thousand of dollars outside by cheating  with government law enforcement for that reason value of bitcoin increasing very high. even they make money away from center bank and government unable to hold money from general people and through this process people convert this money into different things. i think this is enough for making controversial and what do you think about my think ?
Anything that empower the individual is always controversial, just look at cryptography many countries hate that fact that the average people has now access to military grade encryption, since now a person that does not want to reveal his information can encrypt it and if does a good job then there is not a way to access that information and bitcoin is similar, bitcoin empowers people around the world and the more power people have the less power governments have over them.

Yes this is why bitcoin and all the anonymous coins are going to be controversial in the future. The people want to remain hidden from governments because everyday that passes we reveal more sensitive information about

ourselves to the world. You would think when Facebook came around people would have shunned that idea right down but the exact opposite happened. Now to recuperate what privacy we gave up crypto is a seemingless

transition to make and use.
It is going to be controversial but since bitcoin has many other features that are great people are going to use it, this is why bitcoin regulation from the governments is going to have a lot more to do with people identified themselves than with any kind of technical issue, and as you said since most people are already fine with revealing everything about themselves in platforms like Facebook then they will have no problem revealing their addresses to the government.
hero member
Activity: 1722
Merit: 528
November 16, 2017, 08:19:12 PM
#17
as we know so many reason to make controversial bit coin currency in practical or real media sanitation. if  we observe very carefully  few past few years we have seen that  criminal activities  or occurrence  are occurred by the help of hackers and trader make it famous moving thousand of dollars outside by cheating  with government law enforcement for that reason value of bitcoin increasing very high. even they make money away from center bank and government unable to hold money from general people and through this process people convert this money into different things. i think this is enough for making controversial and what do you think about my think ?

Controversial? it is the feature of bitcoin in the first place, why could it be controversial? Hackers can't hack someone's bitcoin wallet but the exchangers wallet, so I think the controversial there is the exchanger's security, wouldn't you agree? Most  of what you are saying is all about the decentralization which is a feature of bitcoin in the first place, so I think it is not controversial, you are just over thinking things.
hero member
Activity: 980
Merit: 509
November 16, 2017, 08:06:42 PM
#16
Controversial because some people used for anonymous transactions and we can't track their information detail.
For some country that is the problem, the government not legalized it. The government can't control bitcoin. So bitcoin controversial in some country.
full member
Activity: 224
Merit: 100
November 16, 2017, 06:15:46 PM
#15
As we can see the standing of bitcoin in the economy at present, it became the most controversial cryptocurrency among all others because of its highest exchange value. Upon using bitcoin i realize the greatest benefit which we can earn bigger than expected and higher than what we get from our regular job if we have one. What makes it controversial is that investor chose to use bitcoin because of its high exchange rate. There will no competition anymore in the market because it is preferrable to switch to bitcoin currency because of its high value. Those all people who used it is at the same time they learn a lot of things.
hero member
Activity: 1065
Merit: 510
November 16, 2017, 05:44:11 PM
#14
as we know so many reason to make controversial bit coin currency in practical or real media sanitation. if  we observe very carefully  few past few years we have seen that  criminal activities  or occurrence  are occurred by the help of hackers and trader make it famous moving thousand of dollars outside by cheating  with government law enforcement for that reason value of bitcoin increasing very high. even they make money away from center bank and government unable to hold money from general people and through this process people convert this money into different things. i think this is enough for making controversial and what do you think about my think ?
This thing you do think is been thinking by the community for how many times and this topic have been talked for a couple of times already. Controversies is normal on bitcoin ecosystem because of its feature which is anonymity and a decentralized stuff which do leads up on lots of controversies and questions by the public. It wont really be surprising if they would ban it because of the potential increase of criminal activity because bitcoin is really a good tool on executing such transactions.
legendary
Activity: 1232
Merit: 1000
November 16, 2017, 05:40:01 PM
#13
Anything that challenges the established order is labelled controversial. First they ignore you, then they laugh at you, then they fight you, then you win. Bitcoin is currently on step #3.

The fighting bit is for the banks. The people love Bitcoin. In their minds, I think Bitcoin has already won.
Bitcoin is controversial because people from all walks of life love it - the geeks, the venture capitalists, the drug dealers..
full member
Activity: 462
Merit: 100
November 16, 2017, 05:29:22 PM
#12
Aleays remember good or bad publicity is still publicity so that would not be matter if bitcoin is talked because of the bad happening whats important is its getting more and more popular as days comes by
member
Activity: 299
Merit: 10
Founder & Core Team @ Edge Network
November 16, 2017, 05:26:22 PM
#11
Anything that challenges the established order is labelled controversial. First they ignore you, then they laugh at you, then they fight you, then you win. Bitcoin is currently on step #3.
full member
Activity: 280
Merit: 105
November 16, 2017, 05:14:11 PM
#10
as we know so many reason to make controversial bit coin currency in practical or real media sanitation. if  we observe very carefully  few past few years we have seen that  criminal activities  or occurrence  are occurred by the help of hackers and trader make it famous moving thousand of dollars outside by cheating  with government law enforcement for that reason value of bitcoin increasing very high. even they make money away from center bank and government unable to hold money from general people and through this process people convert this money into different things. i think this is enough for making controversial and what do you think about my think ?

Honestly I think people who say bitcoin is controversial because bitcoin is used in illegal activities are pretty clueless, the US dollar is the currency most used worldwide for crime, do they say that it is controversial? The only real difference with bitcoin is that it is easier for the 'little' guys to get away with criminal activities, whereas with USD or other currencies it takes money to be able to hire a good lawyer to correctly launder your money etc.
sr. member
Activity: 1190
Merit: 253
November 16, 2017, 04:59:26 PM
#9
Being 100% honest and clean with money wouldn't bring you any extra profits in our society i believe, Bitcoin being used in illegal activities are normal since the it's rising price few years ago. Anyone with some particular knowledge in blockchain would know what BTC is capable to do and medias are trying to increase awareness to people and still, nobody can resist the hidden potential of somewhat a futuristic 'internet currency' that came up from no where and could be exchanged into cold hard cash, once the impact is significant governments globally would certainly step up their new regulations.

Any form of payment method can be used in illegal stuffs, so it is not surprising if Bitcoin can be used in such things.  But with Bitcoin I think those who used it for illegal stuff must be careful since it is transparent and can tract all the transaction on the blockchain.  Anything that is booming is always controversial.  People and media will most likely create an event out of it making people to input their thoughts and opinion about it. 
hero member
Activity: 1008
Merit: 510
November 16, 2017, 04:25:19 PM
#8
as we know so many reason to make controversial bit coin currency in practical or real media sanitation. if  we observe very carefully  few past few years we have seen that  criminal activities  or occurrence  are occurred by the help of hackers and trader make it famous moving thousand of dollars outside by cheating  with government law enforcement for that reason value of bitcoin increasing very high. even they make money away from center bank and government unable to hold money from general people and through this process people convert this money into different things. i think this is enough for making controversial and what do you think about my think ?

I think it is fair to say that Bitcoin and other cryptocurrencies are controversial. However, that doesn’t mean there is anything wrong with them. People have developed opinions and prejudices about them based on what they have heard.

We all know about Silk Road and other potential illegal uses for Bitcoin but we also know that fiat currencies are used for illegal activities all the time. There is nothing inherently bad about Bitcoin.

Governments and banks are also sometimes critical of Bitcoin because it takes power away from them and into the hands of the people.

I think the bottom line is just like any technology including the internet, there are positives and negatives to Bitcoin, but because it is so revolutionary, it’s here to stay.
newbie
Activity: 53
Merit: 0
November 16, 2017, 04:07:01 PM
#7
Rather than controversial, I think that BTC (& crypto in general) is free from regulation. It's a different thing really. In the same way that the trustless nature of cash makes it more valuable to criminals, it seems only natural that the digital equivalent would do the same.
sr. member
Activity: 2828
Merit: 357
Eloncoin.org - Mars, here we come!
November 16, 2017, 04:00:29 PM
#6
as we know so many reason to make controversial bit coin currency in practical or real media sanitation. if  we observe very carefully  few past few years we have seen that  criminal activities  or occurrence  are occurred by the help of hackers and trader make it famous moving thousand of dollars outside by cheating  with government law enforcement for that reason value of bitcoin increasing very high. even they make money away from center bank and government unable to hold money from general people and through this process people convert this money into different things. i think this is enough for making controversial and what do you think about my think ?

It became controversial when mainstream media portray it like that. The argument that bitcoin is being used for criminality is flawed because even with fiat, it is being used for illegal activities such as buying drugs and Ponzi. So it's not bitcoin fault. However, mainstream media shows bitcoin in the bad way specially in the early years of it. That's why it has stuck up until now. And its us, that makes it controversial. Bitcoin is just simply to understand and to used.
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