Topic: Does bitcoin need an addition of a safety feature? User friendly? (Read 598 times)

Yes you are correct it does need some sort of management or a centralized authority only to help those people getting abused by investment scams and somehow put a stop to this investment scams once and for all. If we could manage to eliminate this then maybe people and governments could consider it and accept it as their local currency.

And I think joining bitcoin has more advantage than stock market where it will allow one to earn instantly knowing also the high risk.

I totally agree that bitcoin is not design for scamming activity but it is tge users abuses this kind of system seeing its vulnerability having taking advantage on anonymity.

I think some governments are far from even recognizing Bitcoin as a possible currency in their own countries BUT it is already a currency in the Internet which is probably enough for the users. Safety features can also be done on the Applications available within the country but depending on governments which has little knowledge about the subject will be really dangerous. If the government pays attention to this matters, it will be surely be profitable since they can use their own resources to invest on it.

Bitcoin is not that prone to hackers, it is our account that is vulnerable to those scams. Sometimes, we can't blame ourselves because we are just an investor, but the reality that we are the one who's accountable with our safety makes us more aware about those scams. Maybe we just need to become more careful and improve our security once we perform transactions.

Hacks and scams are always there and you can't eliminate them from doing that kind of things.

The only thing that we can prevent being a victim of those crimes is that to improve our own security and become aware every time we enter a certain site. Especially doing some research about a certain platform will also do.

This is just my opinion and just feel free to post a reply.

Bitcoin is one of the biggest money accumulated globally from different currency. It has been tag as scam while others did not believe in it (due to its features instant big earnings) and others think of something else like a new innovation doing a decentralized transaction without third party just purely bitcoin platform that one can remain to be anonymous. The government did not approve this decentralization system for it was subject for abuses to which it really had basing from complains of users whom were being scam. Yet, the government also did not close the doors to bitcoin for negotiations and had seen its huge potential.

There are appeals of some promoting the system to the community like in those rich countries to where for now it remains floating. The system still not legally accepted and news were popping out regarding on bitcoin and altcoins restriction investments and the prohibitions for the community to invest as a result from the complains being filed from users getting scam. However, they still can invest if they really want to but not limited to bitcoin and other strong altcoin like Ethereum. The goverment really see the potential of cryptocurrency and seeing a lot of money they can probably take.

So, the problem I had seen here is not the bitcoin platform instead it is the acceptance for the safety consumptions of the community. The different perceptions also regarding bitcoin made it worst. Meaning that the community needed to be educated regarding with bitcoin and its risk.The risk I was talking about is the volatility of bitcoin market but we know that bitcoin is not different from stock market specifically in trading feature. And I think joining bitcoin has more advantage than stock market where it will allow one to earn instantly knowing also the high risk.

Now, my point is that bitcoin has been considered already and working well for now but violations could be imposed to the users abusing the system from other users who had been asking help from the government specifically the investment scams. Eliminating this risks needed a help from the government or could be a private institution created for the sole purpose of safety to all users. For this we can expect something good in return. However, I know that most of the users here do not like the intereference of the government or any third party but not to all since there are already some pushes this system to be legalized. Wether we like it or not I think we need regulations for the safety of the users coming from the government or any private institution that will help the users keeping away from the abuses. A little revisions also would be a great help by being a friendly user system letting the users to decide wether to remain anonymous or not depending on the users agreement in a certain transactions.

And then again this is only my opinion and you are free to react violently.

What do you think guys of bitcoin platform do we really need a third party to add safety measures for the users and being a user friendly sysyem? All I know is that I really don't know.

Bitcoin is not that prone to hackers, it is our account that is vulnerable to those scams. Sometimes, we can't blame ourselves because we are just an investor, but the reality that we are the one who's accountable with our safety makes us more aware about those scams. Maybe we just need to become more careful and improve our security once we perform transactions.

Hacks and scams are always there and you can't eliminate them from doing that kind of things.

The only thing that we can prevent being a victim of those crimes is that to improve our own security and become aware every time we enter a certain site. Especially doing some research about a certain platform will also do.

I don't think bitcoin needed to add a safety feature. It is the user that needs to be careful against hacks and scams since they are the most vulnerable part of bitcoin.

Such manager (bitcoin managers) destroys the core value of bitcoin, decentralization and being your own bank. Don't discuss about Ponzi scheme because the idea is wrong at the initial point. With or without such a bitcoin manager, Ponzi schemes will be run somehow. It is not a responsibility of bitcoin to deal with Ponzi scheme. Investors themselves have to be responsible for their investment decisions and what they believe in. Do their own due researches to get profits, avoid scams. It is their capital and their responsibility.

Bitcoin does not have any responsibility for any scam schemes in the crypto industry. It sucks to blame all scams to bitcoin.

I do not have any idea where you got this information from, but there is no such thing as "Bitcoin Managers" or using Bitcoin as a Ponzi scheme.

We theoretically do not need to stop any of these scams in any way. We are looking towards being a censorship-free community, right? If so, then stopping scams can only be done through censorship. There's nobody managing Bitcoin. KYC can still be avoided, nobody forces you to get into IEOs and ICOs and the "they collect money from people in Claim to trade for them" actually exists under a legal form, called Mutual Funds.

Let's looking into it, What is it that make Bitcoin appear as scam, 1. Some of the experts that creates fake projects.
Secondly, some incompetent managers that just dissolves project without proper notice or at the point of distribution.
Thirdly, those who use Bitcoin as Ponzi scheme, they collect money from people in Claim to trade for them. Bitcoin managers has taken many great effect in curtailing all this, suck as the KYC registration, IEO exchange system..etc yet scam is still on... As you have said we need more effort to stop it.

Where do you live? Even if your country doesn't have clear tax regulations on Bitcoin, chances are it still has an income tax law of sorts -- meaning you're legally obligated to pay taxes on any income you earn from any source (even Bitcoin). Taxation isn't really a centralization issue since governments can do it without interfering with Bitcoin's inner workings. You could even say it's incredibly easy for them at the moment, considering Bitcoin's public ledger and exchanges requiring KYC.

As for your initial question, some people believe government acceptance is necessary for global adoption. Gray areas in regulation is never good, because you always run the risk of being declared a law breaker tomorrow or the next day once legislation is actually crafted. It's more for easing people's minds that Bitcoin is here to stay (because most people would rather not break laws, regardless of Bitcoin's capability to enable them) rather than actual protection.

Yes most likely when there is an involvement of third party,  bitcoin will become centralized bringing up the consumers to pay taxes just like what they do on our assets like properties basic goods and services. It will defeat its purpose on the creation of bitcoin to beat the interference of third party and the collecting tax in centralized system.

But why can't other users see this? We had already succeed in the decentralization system to get out on the collecting tax issue. But others had come to pursue for bitcoin to become legally accepted.

What do you think guys of bitcoin platform do we really need a third party to add safety measures for the users and being a user friendly sysyem? All I know is that I really don't know.

Yes you are correct it does need some sort of management or a centralized authority only to help those people getting abused by investment scams and somehow put a stop to this investment scams once and for all. If we could manage to eliminate this then maybe people and governments could consider it and accept it as their local currency.

What do you think guys of bitcoin platform do we really need a third party to add safety measures for the users and being a user friendly sysyem? All I know is that I really don't know.

Yes you are correct it does need some sort of management or a centralized authority only to help those people getting abused by investment scams and somehow put a stop to this investment scams once and for all. If we could manage to eliminate this then maybe people and governments could consider it and accept it as their local currency.

lol . you write alot of stuffs in the first page and you still dont know your talking about  ? seriously  ?  what we saw on btc now is perfect already in my opinion .