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Topic: Is this FUD or a genuine cause for concern? - page 2. (Read 336 times)

sr. member
Activity: 616
Merit: 252
Maybe they cannot think of any news to spread FUD again that's why they recycled some news. Since there are so many newbies in crypto world, this kind of news will still have an effect to the price and might scare some people. Child abuse as well as those other illegal activities have been existing since time immemorial obviously even before the existence of blockchain and now they are making a big deal out of it. Well this is another manipulation and we should just ride it by selling when the whales sell and buy when the whales buy. We cannot follow them the whole time but at least we have an idea when is the right time to buy or sell.
hero member
Activity: 2716
Merit: 552
Here's a recent thread discussing the same: https://bitcointalksearch.org/topic/m.32679323

It's pure fud, even though it is actually true. It shouldn't be a surprise that it is possible to store different kinds of data on the blockchain, so I don't see why they make a big deal out of it. It's just another attempt to bring Bitcoin down, but it won't be doing anything, where the less we talk about it, the less relevance it gets. People can upload disgusting images and video's on YouTube as well, where their algorithm needs some time to analyze the content and to remove it. Should we sue YouTube for that? Should they halt their entire operations and have their head quarters raided because of that? It's an attempt to scare off the average joe....

Not to mention extremely old hat news. This caused the same flurry of concern almost five years ago when similar data was found in the blockchain. I've been reading more and more now recycled news. Seems the theory about media being in cycles about Bitcoin is true after all. We'll probably hear about it again in 2023, when people forget and move on.

Either journalists are getting lazy or some troll ran out of energy to find something new.

Well, thanks for bringing that up, I almost believe it. I also read the same discussion content regarding this issue in my local social media news, and I was a bit worried that it might affect market price. But nah, this is totally a FUD, how could a system liable of all financial records and transactions store a different content?
legendary
Activity: 1288
Merit: 1087

this is ultimately far more significant and far more subversive - https://motherboard.vice.com/en_us/article/z4k73w/someone-put-the-tiananmen-square-tank-man-image-in-the-bitcoin-blockchain-to-troll-china

now every chinese miner is harbouring forever a photo of the tiananmen square tank man and information about the protests. and every user can access it too. and no one can stop it.

but we're never gonna hear stories about this, are we?
hero member
Activity: 3080
Merit: 603
full member
Activity: 266
Merit: 222
Deb Rah Von Doom
Its a genuine concern for miners and people who use a wallet which downloads the full blockchain instead of electrum etc. This is because there is that 1 actual pic on the blockchain (not the links). These people will now have a picture of child porn on their hard drive. Possession of a copy of a child porn is always illegal no matter what. It is one of the few laws where possession establishes the entire crime and not intent. For instance if a child you dont even know randomly sends you a nude pic you are automatically guilty.
legendary
Activity: 1526
Merit: 1179
Either journalists are getting lazy or some troll ran out of energy to find something new.
I think the first option is valid. It's basically the same with their Tether nonsense articles. Nothing new was there to add, but they still found it necessary to rehash old information, but then with slightly different wording.

These news sites are almost like how signature campaigns back in the days were allowing people to shit post in order to get paid. The more articles these site release, the more income they get.

In times where there isn't anything new or exciting, they'll have to be creative in order to still release content, and rehashing old articles is something they revert to quite often, especially in the last 12 or so months.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
No, but for sure a lot of traders, especially the bears would use this to their advantage in order to get some form of momentum in trading. These type of news only reappears in a couple of years after the people's attention is shifted toward other things. Child porn existed even without the blockchain and is darn evident in the dark web. People are paying hundreds of dollars (take note, dollars) for these type of videos yet the media hasn't covered any type of reports for that one. Talk about unbiased reporting, lol. This would soon be forgotten until the media would find another recycled news to FUD again.
full member
Activity: 434
Merit: 103
It's FUD, it might hurt the price a bit but it's nothing to worry about. No one blames the church when the priests are found to be fondling little boys and that's much more their fault than the blockchain technology is at fault for people misusing it. Actually eventually blockchain technology could be useful for tracking these guys because you could see exactly where certain things are moving around.
legendary
Activity: 2968
Merit: 3684
Join the world-leading crypto sportsbook NOW!
Here's a recent thread discussing the same: https://bitcointalksearch.org/topic/m.32679323

It's pure fud, even though it is actually true. It shouldn't be a surprise that it is possible to store different kinds of data on the blockchain, so I don't see why they make a big deal out of it. It's just another attempt to bring Bitcoin down, but it won't be doing anything, where the less we talk about it, the less relevance it gets. People can upload disgusting images and video's on YouTube as well, where their algorithm needs some time to analyze the content and to remove it. Should we sue YouTube for that? Should they halt their entire operations and have their head quarters raided because of that? It's an attempt to scare off the average joe....

Not to mention extremely old hat news. This caused the same flurry of concern almost five years ago when similar data was found in the blockchain. I've been reading more and more now recycled news. Seems the theory about media being in cycles about Bitcoin is true after all. We'll probably hear about it again in 2023, when people forget and move on.

Either journalists are getting lazy or some troll ran out of energy to find something new.
legendary
Activity: 1232
Merit: 1091
It's pure fud, even though it is actually true. It shouldn't be a surprise that it is possible to store different kinds of data on the blockchain, so I don't see why they make a big deal out of it. It's just another attempt to bring Bitcoin down, but it won't be doing anything, where the less we talk about it, the less relevance it gets. People can upload disgusting images and video's on YouTube as well, where their algorithm needs some time to analyze the content and to remove it. Should we sue YouTube for that? Should they halt their entire operations and have their head quarters raided because of that? It's an attempt to scare off the average joe....
jr. member
Activity: 57
Merit: 4
https://www.rt.com/news/421863-child-abuse-blockchain-bitcoin/

Are these reports a real cause for concern?



 I rather doubt it. 

It is like saying some magazines have child porn so we have to ban all magazines. 

It may be true that there is some illegal activities, but look at the source;  Russia Today, which does have a slant on the news, and Russia is hoping to have its own crypto currency, so sabotage is not out of the possible.
member
Activity: 139
Merit: 14
https://www.rt.com/news/421863-child-abuse-blockchain-bitcoin/

Are these reports a real cause for concern?

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