Topic: We can't blame crypto and blockchain technology (Read 649 times)
Why do we blame blockchain technology? Will it become possible for us to build a transparent network which can fill data and seen by everyone? Only blockchain technology made it possible. If there is no blockchain as well as cryptocurrency, transparency and decentralisation still be nulled till now. These two innovative ideas help us to be an open minded.
The usefulness of a utility is very dependent on its users. We also must always be open to changes and developments. Cryptocurrency is an innovation that is full of controversy because of the high-risk rumours that have spread. Even if we want to learn more deeply, cryptocurrency and blockchain have many benefits for the progress of civilization.
Scammers and hackers are evolving too. They are studying and understanding the technology that lies with the trend. Those hypocrites keeps on saying that scams, hacks and frauds are increasing in crypto but they don't acknowledge on how big these incidents are happening in actual world involving the banks. We can't deny that these things really happened in crypto because it's a fact but criticizing crypto like that and keeps quiet on how these things occur in real world through the entire bank system is bias.
You are right and thanks for this post. This is the reason I don't give heed to those who say whatever they want about blockchain. They are quick to judge without taking time to study blockchain underlying tech to know what it is trying to solve.
However, blockchain has come to stay and will only keep growing.
However, blockchain has come to stay and will only keep growing.
The scam problem exist in all areas especially on centralized platforms but people seem to pretend as if these problems are unique to cryptocurrency alone. The problems will most likely never go away as long as humans still interact with one another.
bad people's who want to cheat another always exist on all sides in this world, including in crypto and blockchain tech
and maybe people who think if this crypto world was a scam, they just knew about crypto from the wrong guy mate
but, for sure if they want to learn about crypto and blockchain with the right guy, they will not blame or saying scam to crypto and blockchain technology
Every tools that was invented or will be invent in the future will be used wrongly,the point people are not getting is every successful invention can be used to do bad things,stop saying cryptocurrency scam is increasing and leaving banks hacks & scams out of it,cell phones & smartphones was build for humans to make communication easier for us but still scammers are using the tech to do terrible things like terrorist attacks,online romance scams etc,my point is no matter how good an invention is bad people will use it for their own benefits.
You are very right about the fact that some people always like to twist the purpose of a thing for their own selfish interest. That's why people keep shouting that there is scam here and there. But that cannot by any means stop the great and impressive accomplishments made in cryptocurrency and even in the block chain. Since we are are that some people can hack or start scam project, any suspicious activity of such should be made known to cryptonaires so people can thread cautiously with that project. And in all, cryptocurrency cannot be stopped or hindered, regardless of how much people try to crush it with all manner of malicious behaviours
Yes, the bad ones in the society will always turn a good innovation for evil deals. programming is a good field of study, but some persons always use it for the negative selfish gain. The same thing with drug. You really can't stop these bad guys.
For what conditions we should blame the crypto and blockchain technology? They have no mistakes. They will be worthy or not depending on the team developers that create, handle, and develop them. This technology is actually damn good developed. However, some of them become not valuable or worthless because they are not unique, not interesting, and also nit promising especially for future investment.
Crypto technology becomes negative because of the many scams and hacking. But we need to realize that in every technology has its weaknesses and advantages. It's just that we need to work together to eradicate actions that can harm others, without having to destroy technology.
Every technology can be used for positive and negative things. With the growing popularity of the cryptocurrency market, more and more scammers, for that we must always be vigilant to avoid fraud
We can still change what people used to believe about this technology we have been part to. Not because they used crypto names in some illegal actions, doesn't mean it is actually a scam. We can show it to the people who thinks that blockchain technology is useless and fraud, that this advanced technology is amazing and can do a lot of things like digital payments and databases.
Crypto technology becomes negative because of the many scams and hacking. But we need to realize that in every technology has its weaknesses and advantages. It's just that we need to work together to eradicate actions that can harm others, without having to destroy technology.
This is so true, it's high time people stopped blaming crypto and blockchain for crimes associated with it. No matter how great an invention is, there must be a downside and that of crypto is that criminals take advantage of it, for instance recently it was reported that kidnappers requested pay in Bitcoin.
The blockchain technology is perfect and has no undoing. The wrongs you see are from people utilizing and managing projects on it. Just like every other technology has been created to enable mankind solve its problems but how we use it to our own cause is now our responsibility
legendary
Activity: 2380
Merit: 4265
eXch.cx - Automatic crypto Swap Exchange.
Every tools that was invented or will be invent in the future will be used wrongly,the point people are not getting is every successful invention can be used to do bad things,
To me, the fact that cryptocurrency has a dark side is what make the technology even worth more investing in. Although the investment has nothing to do with me patronizing the bad aspect like using cryptocurrency for drug/human trafficking or money laundering etc but because since there's a bad side to the technology there's also a good side and it's just a matter of time before the general public realized that to embrace the technology but by then it would be too late and I would love to be among the smart investor that saw that good side before others did like privacy, faster transactions, transparency etc to be among the benefiting cryptocurrency elite.
l find this statement really means this, I'm under dilemma in such situations, the crypto investors can not be blamed. It depends on people's beahviour. How to use it and what is the aim of doing so. l don't remember who said it, but it was something so. lt was discovered a knife to cut something, but people use it to kill each other. It is the same thing in my humble opinion.
This life is all about dialectics. There is no good thing created that doesn't come with an opposite. Water and fire are essential to humans but they can also cost human life. It doesn't mean we have to stop using fire or water. because they can kill. A degree of control will level things out.
The idea of cryptocurrency is to give financial power to the hands of everyone without interference from the government. But if this is done, it will give criminals the opportunity to commit crimes without trace. So I think there should also be a form of control for cryptocurrency that allows users to transact fluidly while checking for criminal activities
The idea of cryptocurrency is to give financial power to the hands of everyone without interference from the government. But if this is done, it will give criminals the opportunity to commit crimes without trace. So I think there should also be a form of control for cryptocurrency that allows users to transact fluidly while checking for criminal activities
Every tools that was invented or will be invent in the future will be used wrongly,the point people are not getting is every successful invention can be used to do bad things,stop saying cryptocurrency scam is increasing and leaving banks hacks & scams out of it,cell phones & smartphones was build for humans to make communication easier for us but still scammers are using the tech to do terrible things like terrorist attacks,online romance scams etc,my point is no matter how good an invention is bad people will use it for their own benefits.
I don't think i can agree less with you. Every good thing has it's merit and demerit, bank are being asked now and then, as a result of this bank hasn't been criticized the way crypto has been receiving backslash from people, it's high time people start seeing the positive side of crypto and not only the negative side. Every tools that was invented or will be invent in the future will be used wrongly,the point people are not getting is every successful invention can be used to do bad things,stop saying cryptocurrency scam is increasing and leaving banks hacks & scams out of it,cell phones & smartphones was build for humans to make communication easier for us but still scammers are using the tech to do terrible things like terrorist attacks,online romance scams etc,my point is no matter how good an invention is bad people will use it for their own benefits.
This is true and good perception towards things and tech as a whole. Blockchain has proven its worth and value since we're seeing tech giants/big companies getting into crypto and use blockchain to improve their system as a whole. This is why I fully support legitimate blockchain projects that help reduce costs of maintaining the networks, transaction fees, and electricity usage. Which in result will help the environment in the long run. But at the same time, there will be people who will always look at crypto in a bad way because of previous experience such as them getting scammed or hearing stories of how it's being used in the black market.
What you are pointing out is the society and it cant be changed not unless a miracle is happened. Technology are part of the changes we ecounter daily and every opportunity, there are two types of people who grabs it on a different way. One makes a hard effort just to take that opportunity in a legal way and one grabs that opportunity to scam people who makes effort on something new like cryptocurrency. We cannot change all of these people but we can have our technology be more secured to prevent them.
Jump to: