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Topic: How do you feel about the negative reputation of the bitcoin currency? (Read 5987 times)

member
Activity: 70
Merit: 10
People need to understand the fact that Bitcoin just like the liquid cash, attracts both good and bad motives. Anything that is precious and highly valuable in nature attracts a lot of attention. I personally know the benefits of the bitcoin as a digital currency and the challenges it is facing. It is evident that criminals use this type of currency to transact and even sell stolen items so that they leave no evidence. However, when well used, the bitcoin bring total mobility when it comes to online shopping among other things.
hero member
Activity: 896
Merit: 1000
In response to the recent news about the G7 talking about regulation, I think that in line with the reports of terrorism worldwide, fear-mongering will only add greatly to the negative reputation even more

If the governments regulate the bitcoin and make sure it is not used by terrorist, then it is actually good for the reputation of bitcoin. This means the governments recognize the value of bitcoin. If they allow it to be used in tax payment, it is even better.
newbie
Activity: 46
Merit: 0
In response to the recent news about the G7 talking about regulation, I think that in line with the reports of terrorism worldwide, fear-mongering will only add greatly to the negative reputation even more
legendary
Activity: 2436
Merit: 1366
I don't mind it because people talking negative about bitcoin are not wise enough.
We all know crimes have no real connection with bitcoin.
legendary
Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
I have numerous times tried to explain people to NOT CONNECT BITCOINS WITH CRIME OR ANYTHING ELSE. Bitcoins are like guns which are good if used properly and may prove harmful if used wrongly. And as far as criminal cases through bitcoin are concerned. They don't happen everytime. Those cases are way too old and connecting same thing to all criminal attacks is hell absolutely wrong. We people enjoy our privacy, we love to do things online. This doesn't makes us criminals. Stop connecting bitcoins with all these.. And by the way, bitcoins aren't the only digital currency.. So think before you point the finger otherwise you may get it broken. -_-

They do so just to sell the news, but sadly average human being is obviously not smart enough to think on it's own.
There will always be those who will use bitcoin for illicit activity, just like people are using and abusing fiat as well - but noone is talking about banning EUR or USD ..
hero member
Activity: 533
Merit: 500
Great thing has a great impact too, it can be good and can also the opposite.
Bitcoin is a big invention that has a big impact on the financial world.


Yes it is an big invention and we should not worry about the negative reputation of bitcoins at a moment, time will change in coming years when people become aware about the benefits of bitcoins and once they start using it, it will surely divert their thoughts about bitcoins and sooner or latter bitcoins will be have a great and positive impact on the mindsets of the people.
full member
Activity: 140
Merit: 100
I have numerous times tried to explain people to NOT CONNECT BITCOINS WITH CRIME OR ANYTHING ELSE. Bitcoins are like guns which are good if used properly and may prove harmful if used wrongly. And as far as criminal cases through bitcoin are concerned. They don't happen everytime. Those cases are way too old and connecting same thing to all criminal attacks is hell absolutely wrong. We people enjoy our privacy, we love to do things online. This doesn't makes us criminals. Stop connecting bitcoins with all these.. And by the way, bitcoins aren't the only digital currency.. So think before you point the finger otherwise you may get it broken. -_-
full member
Activity: 126
Merit: 100
It is not important for me the bad reputation of bitcoin.
All I know is bitcoin helps me a lot in many ways.
legendary
Activity: 1022
Merit: 1003
𝓗𝓞𝓓𝓛
Great thing has a great impact too, it can be good and can also the opposite.
Bitcoin is a big invention that has a big impact on the financial world.
legendary
Activity: 1414
Merit: 1077
The reputation of bitcoin with the general public is in the gutter right now, I don't think it can go any lower. In fact I'm embarrassed to even mention to people its an interest of mine in case they think I'm into it for the wrong reasons Sad.
hero member
Activity: 756
Merit: 503
Crypto.games
I dont really think about it many people have a different views in bitcoin some people think
it is good and some are bad which is normal, every currency has that reputation, even with
the recent issue involving bitcoin with the terrorist it may have a negative effect to bitcoin
but it wont affect the btc currency itself.
hero member
Activity: 1036
Merit: 514
bitcoin is digital money that is used freely, it is not surprising if there negative news, I think it's only natural that bitcoin currentcy are always so negative news
legendary
Activity: 2520
Merit: 1113
not really worried about it, its normal for any currency to have a bad reputation it is inevitable.
as for btc being use in illegal transaction thats normal too every currency is being use in
some illegal transaction the only thing btc stands out is because of its anonymity.
sr. member
Activity: 392
Merit: 250
ドラゴンスピ
i like coindesk release this Roll Eyes
i hope more good news release

Bitcoin, Paris and Terrorism: What the Media Got Wrong
hero member
Activity: 912
Merit: 661
Do due diligence
"How do you feel about the negative reputation of the bitcoin currency?"

Like this:

https://www.youtube.com/watch?v=JkhX5W7JoWI

Money – Pink Floyd

Money, get away.
Get a good job with good pay and you're okay.
Money, it's a gas.
Grab that cash with both hands and make a stash.
New car, caviar, four star daydream,
Think I'll buy me a football team.

Money, get back.
I'm all right Jack keep your hands off of my stack.
Money, it's a hit.
Don't give me that do goody good bullshit.
I'm in the high-fidelity first class traveling set
And I think I need a Lear jet.

Money, it's a crime.
Share it fairly but don't take a slice of my pie.
Money, so they say
Is the root of all evil today.
But if you ask for a raise it's no surprise that they're
giving none away.
legendary
Activity: 1176
Merit: 1017
I watched a clip on the BBC last night that claimed that the Bitcoin community is full of scams, drug dealers, thieves, and terrorists.  They reported that the EU had a closed door meeting scheduled for today that was looking into the allegations that Bitcoin was used to fund the recent terrorist attacks in France.

Now, I really hate to admit it...but the report is not too far from the truth.  The Bitcoin community IS running rampant with thieves and scam artists.  It's a fact!  Now...I don't know what the solutions are or what affect the negative reputation will have on Bitcoin's future....but.... I do know that we need to, some how, come together and start policing ourselves before the project fails.  Everything needs some sort of governance, rules of order, procedures that could be enforced by the people....for the people....to protect the integrity of the whole community.  I don't know what those "rules" would entail but I do know that there are some smart people out there who might just be able to come up with something if they put their minds to it.
hero member
Activity: 560
Merit: 501
I believe it is not so anonymous. I mean, cash is also anonymous, so i dont feel the negative reputation (at least your point-wise) would affect it.
hero member
Activity: 518
Merit: 500
Actually, I think the reputation is getting slightly better.

legendary
Activity: 1134
Merit: 1000
Well I don't fell anything yet, Because I don't have bitcoin.

Do a high probable favor to yourself. Take the money of one of the coffees you take with your friends every day. So take a coffee less in a day. Leave without eating only one of the lunch taken out of home with your family within a month. So eat in you home and not in a restaurant. Then don't go at the cinema with your family to see movies for only one month (there must be four or five times accepting that you see a movie every weekend). If you will do so for sure will have the money to buy 1 bitcoin. Do the above things and with the saved money from the above actions buy 1 bitcoin. Put it in a wallet and forget about it. Remember about it after 20-30 years. If not you (if your are already old) but your children. You (or them) will have with the change of it all the needed money to do all the thing i mentioned above. Not the missed ones but for all those for a full year. At least those.

Imagine what you can do if you will have more than 1 bitcoin.
hero member
Activity: 896
Merit: 1000
But how transaction spam would be dealed with a giant block size?  There are several instances of blockchain adversment spam in the past 2 years.

We may ask the miner to charge higher fee for these kind of blockchain advertisement spam. If they pay higher fee, these advertisement will be published.
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