We Need To Shut Bitcoin And All Other Cryptocurrencies Down. Here's Why. - page 5.

krauzzer02

full member

Activity: 378

Merit: 101

Quote from: wave06 on March 22, 2018, 08:24:08 AM

Hi everyone! I found this quite overly dramatic article on forbes and was wondering what you think. https://www.forbes.com/sites/jasonbloomberg/2018/03/10/we-need-to-shut-bitcoin-and-all-other-cryptocurrencies-down-heres-why/#4662eb0c1bca

Anyone seen it? What's your thoughts? Fair point or total bullocks?

The article spins all around Permissioned blockchain and crypto mining (mining without permission of the owner), yeah discussing the problems and negative traits of the Permissionlessness blockchain without explaining the downfall of the other one bias on the other side, yeah you want to shut down all cryptocurrency but not the websites, emails and programs which contains spyware and malware? all of them comes from the internet right? you can also detect some illicit mining activity on your devices by simply monitoring the CPU and GPU usages there are tons of apps and extensions to block them anyway.

Snarks

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Activity: 196

Merit: 17

EFFECT.AI▲Decentralized network for A.I

Look in his post history. What does he even get out of it? Why is he so obsessed with Bitcoin?

Those kind of articles are what motivated me to open this thread:

Matthew 7:12 - Whatever they do to you, you shall also do to them
https://bitcointalksearch.org/topic/matthew-712-whatever-they-do-to-you-you-shall-also-do-to-them-3149611

richminded

sr. member

Activity: 798

Merit: 268

Why do we need to shut down bitcoin if its offer a great technology for everyone and a good opportunity to make money. A lot of criticism but I still believe in bitcoin and I will never sold my bitcoin base on this kind of speculation.

J Gambler

hero member

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Merit: 500

Quote from: wave06 on March 22, 2018, 08:24:08 AM

Hi everyone! I found this quite overly dramatic article on forbes and was wondering what you think. https://www.forbes.com/sites/jasonbloomberg/2018/03/10/we-need-to-shut-bitcoin-and-all-other-cryptocurrencies-down-heres-why/#4662eb0c1bca

Anyone seen it? What's your thoughts? Fair point or total bullocks?

Shutting down cryptocurrency would actually being more harm then good. As first there is a sudden drop in the market for everything then there would come a time that those who integrated itself to bitcoin forstly would have this backfire at them. I think that the best way would be to have it regulated and this would actually make bitcoin more palatable to everyone

cynical

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didnt even read the full article, its not "bullocks", what is stated is happening
and by shutting bitcoin and crypto down (if that was possible and its not) wont stop hackers and scammers from hacking and scamming.

this article is just designed to scare the general public and was conjured up by the author to fill space for him to get paid.

jseverson

hero member

Activity: 1834

Merit: 759

Oh, I've read this before. It's an extremely pointless article. The author basically argues that illicit cryptomining will take over the world, so cryptocurrencies should be made illegal before things get that bad. Well, illicit cryptomining is really just another form of cyber attack, so why focus solely on it? While we're at it, why don't we take things a step further and make the internet illegal so no one gets their data and/or processing power stolen?

But yeah, that's just about how stupid his logic is. You don't burn your house down just to get rid of a few vermin. I don't even think the author is stupid. He probably just really needed to write something controversial about crypto and this is the most original thing he came up with.

I would also like to note that the author forgot a dead simple way to stop most illicit crypto mining attacks: the NoScript browser extension (or ScriptSafe for Chrome), which everyone who wants to be safe on the internet should be using anyway.

CHENIEN

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Decentralized Ascending Auctions on Blockchain

This is something a form of criticism, many people now criticize about cryptocurrency business, and they don't think on what good contributions and benifits from bitcoin, they are people destructs on what others property. Hopefully bitcoin would have a strong defense against those people plan to destructs the total operations of bitcoin. And we all know that sometimes people makes any negative fake news about cryptocurrency especially bitcoin, and those negative fake news against bitcoin would affects the price value of bitcoin.

HasHe

hero member

Activity: 952

Merit: 500

Its like saying that we need to shut down the internet completely since there are viruses and malwares found in the internet instead of using antivirus or anti malware softwares.

We could keep our web filtering tool up to date.We could update our browser extentions since some atackers use malicious browser extentions for illicit crypto mining.

An anti crypto mining or ad blocking extention could be installed in web browsers to avoid cryptojacking scripts being delivered through web ads.

Exentions like MinerBlock or No Coin could be used to block crypto mining scripts.

More details could be found on the links below.

http://www.thewindowsclub.com/block-websites-using-cpu-mine-cryptocurrency

https://www.csoonline.com/article/3253572/internet/what-is-cryptojacking-how-to-prevent-detect-and-recover-from-it.html

dothebeats

legendary

Activity: 3542

Merit: 1352

I've read the article, and the only thing I can make out of it is that the writer is promoting a society where everything is under surveillanve and under control. The idea conveyed in the article, especially the 'know your miner' is nothing short of dumb and pointless. The purpose of such a blockchain is to be decentralized and for the users to be somehow anonymous, and not be subject to manhunts and mugging in case someone wants to get their riches out of them. Websites not exerting the extra effort to check for mining malware isn't a problem created by crptocurrencies; such attacks are also present in fiat and cyberbanking by means of credit card fraud and phishing but these 'experts' don't want to ban fiat even if it causes many problems for people and the society as well. As for morality talks, how could you expect money to be surrounded by morality if everyone and their mothers want to get a piece of it?

Rath_

legendary

Activity: 1876

Merit: 3139

We can't stop only because there are people who are going to use Bitcoin and other cryptocurrencies for illegal activities. The same thing is with guns. The ban of guns won't be a problem for a criminals because they can always buy one on a black market. Average citizens wouldn't be able to defend themselves. This article looks like a clear advertisement of Ripple, especially this quote:

Quote

However, as long as permissionless-based coins have value, illicit miners will favor those over Ripple and its brethren anyway.

I'm not surprised that they are also trying to convince people to buy Ripple, but it is slowly getting more and more ridiculous. I hope that we won't have any threads in Bitcoin discussion like: "WILL RIPPLE SURPASS BITCOIN" etc. We had enough fun with Bitcoin Cash.

Xester

hero member

Activity: 994

Merit: 544

Whatever kind of news being thrown to bitcoin I will not falter but support bitcoin. There are many kinds of news being thrown to bitcoin and cryptocurrency but most of them are FUD and manipulated with the purpose of creating panic to the public so that people will leave behind cryptocurrency. With the rise of cryptocurrency many banking systems are being affected since many people have used their wallet address as their bank instead of the banks. Cryptocurrency has saved my life from drowning in debt and thus I will be loyal to cryptocurrency and never believe such hoax news.

They say that bitcoin is being used for illegal activity but all currencies are like that even fiat currency. Anything that has value can be used in anyway a person like. So there is nothing wrong with cryptocurrency at all.

wave06

newbie

Activity: 31

Merit: 0

Hi everyone! I found this quite overly dramatic article on forbes and was wondering what you think. https://www.forbes.com/sites/jasonbloomberg/2018/03/10/we-need-to-shut-bitcoin-and-all-other-cryptocurrencies-down-heres-why/#4662eb0c1bca

Anyone seen it? What's your thoughts? Fair point or total bullocks?

Topic: We Need To Shut Bitcoin And All Other Cryptocurrencies Down. Here's Why. - page 5. (Read 593 times)