Why gambling and mixing called bad actors in bitcoin

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Quote from: btc78 on May 10, 2023, 08:21:15 PM

Quote from: kaseygriffin on April 29, 2023, 03:55:37 AM

Broadly speaking, it's not just bitcoin or crypto, but it's bad for every financial-related market they get into. I see a lot of people condemning this issue while fiat is where they operate in greater volume ( I also want to mention activities like prostitution and drugs ) . More precisely the bad sides in society will still exist in their own way and the means are made to make it easy, so don't look at one negative side and forget about the other side.

Those who wanted to blame mixers and casinos for laundering are those wanted to bring crypto down , so mostly they are from banks and government ,

because the true essence of gambling is to have fun and if there are someone who abuses this system then that is not the casinos fault though now they give wager requirements and something related to hinder those who wanted to use this abuse.

mixers having the same faith but remember that most of us wanted to be kept anonymous and mixers give them this freedom.

To be fair, Mixers and Gambling is being used for mixer in reality. But those blame doesn't need to point directly to the services because it is not designed to cater money laundering. The real culprit is launderer that using the services for their own good without even considering the effect of their action towards the service.

The government has every right to do what’s necessary since its thir job to catch launderer because it's a crime. Currently, mixers is on gray area on how they continue their services without the presence of launderers abusing their services. Gambling is already have a KYC but this method is directly counter to the mixing purposes.

Mixers shoild develop a system to denied all attempts of mixing from a Bitcoin wallet address that is connected to a flagged account for malicious doing.

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Quote from: btc78 on May 10, 2023, 08:21:15 PM

Quote from: kaseygriffin on April 29, 2023, 03:55:37 AM

Broadly speaking, it's not just bitcoin or crypto, but it's bad for every financial-related market they get into. I see a lot of people condemning this issue while fiat is where they operate in greater volume ( I also want to mention activities like prostitution and drugs ) . More precisely the bad sides in society will still exist in their own way and the means are made to make it easy, so don't look at one negative side and forget about the other side.

Those who wanted to blame mixers and casinos for laundering are those wanted to bring crypto down , so mostly they are from banks and government ,

because the true essence of gambling is to have fun and if there are someone who abuses this system then that is not the casinos fault though now they give wager requirements and something related to hinder those who wanted to use this abuse.

mixers having the same faith but remember that most of us wanted to be kept anonymous and mixers give them this freedom.

It can be said that products such as gambling or mixers are created for the purpose of entertainment and privacy for users. Most have a good purpose and provide for human needs. But they become ugly because some people use them for the wrong purposes, and rather it is human behavior, not to blame those products. And the fact that they are constantly accused of abetting criminals is just the opinion of some people who hate them. It is the people who hate bitcoin, they are willing to blame anything related to bitcoin.

As long as we know what's good and bad for us, we shouldn't mind some people's opinions. There is no proof that what they say is true, feel for yourself, we are living for ourselves, not for others.

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Quote from: kaseygriffin on April 29, 2023, 03:55:37 AM

Broadly speaking, it's not just bitcoin or crypto, but it's bad for every financial-related market they get into. I see a lot of people condemning this issue while fiat is where they operate in greater volume ( I also want to mention activities like prostitution and drugs ) . More precisely the bad sides in society will still exist in their own way and the means are made to make it easy, so don't look at one negative side and forget about the other side.

Those who wanted to blame mixers and casinos for laundering are those wanted to bring crypto down , so mostly they are from banks and government ,

because the true essence of gambling is to have fun and if there are someone who abuses this system then that is not the casinos fault though now they give wager requirements and something related to hinder those who wanted to use this abuse.

mixers having the same faith but remember that most of us wanted to be kept anonymous and mixers give them this freedom.

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Quote from: Oneandpure on April 30, 2023, 12:11:57 PM

Problem about gambling and mixing called as bad actors in Bitcoin because both of them is the way of money laundering progress, last month have one bigger of mixing project close with indicated as place for money laundering happening from scammer or hacker fund cases and laundering with that website how they are mixing for bitcoin fund. I am little disagree with gambling called as bad actor in Bitcoin because fiat has possibilities with money laundering and not only for Bitcoin. All mixing of Bitcoin have been clear right now to know their costumer fund source and have been transparent if not becoming bad actor in Bitcoin.

If fiat also has the ability to launder money, neither gambling nor mixers can be called bad. Because they are not made for use by criminals, gambling is for fun, mixers for cleaning bitcoins, ensuring privacy. But because of the behavior of criminals, they are called bad is not correct. If criminals use your business' products, you can't call your business bad.

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Quote from: GreatArkansas on April 29, 2023, 05:18:32 AM

Quote from: Prestongold on April 27, 2023, 03:07:37 AM

(....)
Secondly, if Gambling and Bitcoin mixing services are called bad actors, what about centralized exchanges are they also perceived as bad actors in Bitcoin?

Basically, they are linked to practices that may be against the law(not all), unethical, or detrimental to the larger community. If you can lookup on the internet about incidents related to these "bad actors", you will see tons of them and that's why a lot of people are against it.
They are undesirable due to their links to illicit activity and potential legal and reputational risks.

These practices are reprehensible in life in general and are not primarily related to the field of bitcoin or crypto in general. And to be precise, some of the practices in those sectors are what makes them have such a bad reputation, since gambling is forbidden according to many popular customs, and mixing is linked in the minds of the majority to money laundering or concealing suspicious activities.
What really surprised me is the groups that condemn these areas, although they are integrated in one way or another. For example, there are Muslim members who promote gambling platforms in signature campaigns in which they participate in return for a weekly wage, and at the same time they hold anti-gambling positions and consider it a forbidden activity that God will punish them for.

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Quote from: Wildwest on April 30, 2023, 12:04:06 PM

both are called bad actors because of money laundering problems, but there are many more interesting positive things about the world of bitcoin that they have not discovered and are very much different from the gambling factor, so this depends on the assessment of each of us but there are some things that are considered negative about the use bitcoin but this is not a crime that violates the law in a country, and we all know there are many transactions that continue to occur every day in conflict and have been supported by the government so bitcoin actors are not evil which will harm individuals or many people, unless they are already misusing bitcoins.

Money laundering in cryptocurrencies can be done in many ways and not just through gambling and mixers.

Generally speaking, gambling is considered bad as it makes you lose money quickly. People become addicted to gambling and have seen ruin their lives. Also, there is some religious aspect too where gambling is considered as a sin in many religions.

Mixers are directly linked with money laundering or hiding the tracing of black money. Although mixers are made with good intentions, but people usually only see the negative usage of mixers.

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Quote from: GideonGono on May 05, 2023, 08:24:54 AM

Quote from: Prestongold on April 27, 2023, 03:07:37 AM

From my experience and observations, I noticed both Bitcoin mixing and online gambling using Bitcoin are mostly regarded as bad actors in Bitcoin despite both being the highest Bitcoin adopters and having the largest Bitcoin volume in transactions and services.
Secondly, if Gambling and Bitcoin mixing services are called bad actors, what about centralized exchanges are they also perceived as bad actors in Bitcoin?

Mixing is considered as a bad actor for crypto because it is also being used by illegal activities, like money laundering.
While gambling, I think we all know why it is considered as bad actor for crypto, but like OP has mention this 2 played a huge part for cryptocurrency adaptation, I think there are tons of crypto investor or user because of those two.

^Definitely right.
Mixing services are often associated with illegal activities the same gambling as well, such as money laundering, and as a result, they have gained a reputation as a bad actor in cryptocurrency. Governments and regulatory bodies are understandably concerned about the potential for these services to facilitate criminal activities, and this has led to increased regulation of the crypto industry until now.
The same as gambling has long been viewed as a risky and potentially harmful activity, with many governments restricting or outright banning certain forms of gambling. The association between gambling and crypto can also make the industry seem untrustworthy or unreliable to some investors who don't understand it.

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Quote from: Prestongold on April 27, 2023, 03:07:37 AM

From my experience and observations, I noticed both Bitcoin mixing and online gambling using Bitcoin are mostly regarded as bad actors in Bitcoin despite both being the highest Bitcoin adopters and having the largest Bitcoin volume in transactions and services.
Secondly, if Gambling and Bitcoin mixing services are called bad actors, what about centralized exchanges are they also perceived as bad actors in Bitcoin?

Very funny set of persons will call this things bad actors of bitcoin because they are actually playing the major role of bitcoin which is helping in securing our privacy.
I think Bitcoin mixing is also helping to keep all of our transactions anonymous which the government bos trying so hard to fight against and bridge the purpose of bitcoin privacy and as for gambling, I think there are already alot of policies governing the gambling industry and I don't think it will be easy to carry out any fraudulent activity on gambling platforms, so I don't see any reasons why we should see them as bad actors of bitcoin but I think the title will suit centralized exchanges because they are already bridged the purpose of bitcoin privacy and hence already have access to one's possession and can easily make amendments at any pint in time.

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Quote from: Oneandpure on April 30, 2023, 12:11:57 PM

Problem about gambling and mixing called as bad actors in Bitcoin because both of them is the way of money laundering progress, last month have one bigger of mixing project close with indicated as place for money laundering happening from scammer or hacker fund cases and laundering with that website how they are mixing for bitcoin fund. I am little disagree with gambling called as bad actor in Bitcoin because fiat has possibilities with money laundering and not only for Bitcoin. All mixing of Bitcoin have been clear right now to know their costumer fund source and have been transparent if not becoming bad actor in Bitcoin.

What do you mean by all mixing of Bitcoin have been cleared? That's not true, if mixing have any clearance of doubt then it's no more a mixer, this will kill the privacy feature of been a mixer, there is no way a mixer service can be transparent, the SEC or the government will keep hunting mixers and this will keep going on and on, mixer projects are the ones to upgrade themselves and make sure that there is no way the government can come after them, if they are rendering privacy services to the world, they should be able to protect themselves also.

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Quote from: Prestongold on April 27, 2023, 03:07:37 AM

From my experience and observations, I noticed both Bitcoin mixing and online gambling using Bitcoin are mostly regarded as bad actors in Bitcoin despite both being the highest Bitcoin adopters and having the largest Bitcoin volume in transactions and services.
Secondly, if Gambling and Bitcoin mixing services are called bad actors, what about centralized exchanges are they also perceived as bad actors in Bitcoin?

Mixing is considered as a bad actor for crypto because it is also being used by illegal activities, like money laundering.
While gambling, I think we all know why it is considered as bad actor for crypto, but like OP has mention this 2 played a huge part for cryptocurrency adaptation, I think there are tons of crypto investor or user because of those two.

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Both Bitcoin mixing and online gambling using Bitcoin are popular and widely used within the Bitcoin ecosystem. Some people may see Bitcoin gambling as a form of entertainment and a good use case for the cryptocurrency as a currency, while others may view it more critically due to concerns around the potential for illicit activities. However, putting these two things aside, let's look at bitcoin in a positive light, such as charitable donations and other good causes, and it's important to recognize that there are different perspectives on the use of bitcoin for gambling, mixing, and other activities.

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Quote from: usekevin on April 30, 2023, 01:35:29 PM

It’s just a myth of this phenomenon,because it’s few people opinion and not all the people opinion.The reason is some gaming websites was used by money laundering people to launder money.The money laundering people also using the mixer to launder their money for their laundering.For this reason,the money laundering was the most criticised one in bitcoin history.But we can’t blame only for some disadvantages,it had lot of advantages among the youngsters.Many people earning some money for their college fees using the bitcoin.

And since then casinos have taken measures to avoid this from happening, so it surprises me the OP tries to put them on the same light when casinos cannot be used as mixers anymore, now casinos have their own reputation problems as some people do not like that there are some gamblers out there which cannot control themselves and lose a lot of money on their pursuit of their hobby, but that is a completely different topic than the one we are discussing right now.

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It’s just a myth of this phenomenon,because it’s few people opinion and not all the people opinion.The reason is some gaming websites was used by money laundering people to launder money.The money laundering people also using the mixer to launder their money for their laundering.For this reason,the money laundering was the most criticised one in bitcoin history.But we can’t blame only for some disadvantages,it had lot of advantages among the youngsters.Many people earning some money for their college fees using the bitcoin.

Oneandpure

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Problem about gambling and mixing called as bad actors in Bitcoin because both of them is the way of money laundering progress, last month have one bigger of mixing project close with indicated as place for money laundering happening from scammer or hacker fund cases and laundering with that website how they are mixing for bitcoin fund. I am little disagree with gambling called as bad actor in Bitcoin because fiat has possibilities with money laundering and not only for Bitcoin. All mixing of Bitcoin have been clear right now to know their costumer fund source and have been transparent if not becoming bad actor in Bitcoin.

Wildwest

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both are called bad actors because of money laundering problems, but there are many more interesting positive things about the world of bitcoin that they have not discovered and are very much different from the gambling factor, so this depends on the assessment of each of us but there are some things that are considered negative about the use bitcoin but this is not a crime that violates the law in a country, and we all know there are many transactions that continue to occur every day in conflict and have been supported by the government so bitcoin actors are not evil which will harm individuals or many people, unless they are already misusing bitcoins.

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Haha, who said that to you, I use to condemn Gambling weather its in Bitcoin or in any form because it destroys the soul of a person and is morally incorrect + from my religious point of view it's prohibited. Because gambling makes a person addicted to easy money and I have not seen a single gambling success story, because it's impossible gambling just destroys the motivation and spirit of a person to work hard to get money. A maximum of Gambling addicts destroy their financial future.

Mixing is a habit if it is taken with good intentions it can also be misused, but I would recommend the users who care a lot abut their privacy must use mixers for their own protection. A few weeks ago in the trading section, there was a thread abut mixing and a maximum of the feedback on the asked question for Mxiing after buying exchanges was in the favor of the mixing because centralized exchanges hold the user's personal information. If a person doesn't use Mixer then his total activity can be tracked which is not good in my views and all this is due to the (Highest Transparency feature of the Blockchain network). Mxing is not itself wron but people use it in wrong way as money abuse haha a new term, Money Lundring.

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Quote from: imamusma on April 29, 2023, 04:35:59 AM

Quote from: DanWalker on April 29, 2023, 04:17:33 AM

Mixers are considered bad because it makes it difficult for governments and legislatures to track bitcoin accounts, so they won't like them and find a way to destroy them. But for those who value privacy, it's a favorite tool of theirs.
As for gambling, it has never had a good reputation because it causes more crimes than benefits society, even in my country, gambling is completely banned. But some people hate bitcoin, and they have taken advantage of this to smear, and spread false information to inhibit the development of bitcoin.

I don't like to say that these two services are actors who tarnish the good name of bitcoin, but both of these services can be abused by bitcoin users. The real actors are bitcoin users who intend to carry out illegal transactions by utilizing the two services above, so the two services cannot be blamed entirely.

Governments and people who hate bitcoin are of course taking advantage of this situation to their advantage and rule. But nevertheless I think it is their right regardless if the plan works or not. I honestly don't hate the government if its goal is to prevent abuse, but underneath it all I think they are just plotting something to hurt bitcoin and its users financially.

I understand that the main actor is some bitcoin user and, more precisely human behavior. But we also must admit that these services attract more users with evil behavior than others. Gambling is for fun, but very few people understand that, and most abuse gambling and give it a bad reputation. So it wouldn't be strange for it to be seen as the bad actor who has tarnished bitcoin.

The government's duty is to stop the criminals, what they do is right, but because they also don't like bitcoin, they abuse their power to find a way to bring bitcoin down.

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using a mixer is not illegal. but for those shouting "privacy" forget it. you are highlighted by using a mixer
finance/currency has never been private. currency/finance legislation has existed far far before bitcoin existed

bitcoin originally 2009-2013 was not treated as currency thus escaped such legislation, and was treated as private property. but those lobbying for currency recognition 'coz mainstream' caused finance/currency legislation to apply

it does not hide you. it reveals you
even if your funding was not criminal sourced meaning no fear of prison. the privacy aspect is that your flagged and your thresholds determine how much your watched by businesses sharing data. and if highly using mixing to a suspect triggering amount to require a investigation to check if its criminal funded sources or not gets deeper

mixers do not make you invisible/ignored. mixers get you seen as something to take notice of by businesses and thus if hitting triggers possible governments

your noticeability/highlighted factor by using a mixer is higher just by using a mixer compared to bitcoiners that do not use mixers

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Quote from: Prestongold on April 27, 2023, 03:07:37 AM

From my experience and observations, I noticed both Bitcoin mixing and online gambling using Bitcoin are mostly regarded as bad actors in Bitcoin despite both being the highest Bitcoin adopters and having the largest Bitcoin volume in transactions and services.
Secondly, if Gambling and Bitcoin mixing services are called bad actors, what about centralized exchanges are they also perceived as bad actors in Bitcoin?

Let me share my perception. first, Not of all bitcoin mixing is literally illegal activity, some time people need to clear their bitcoin historical just for privacy reasons that do not contain any crime. So we can not generally blame all of bitcoin mixing activities are bad actors in bitcoin / crypto sphere. Second, bitcoin gambling may be restricted in some countries, and that is why it is called illegal activity. But as far as bitcoin gamblings do not harm to the others, better we do not call it as bad actors.
But that is my perception, every one has their own mindset regarding this case.

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Quote from: taufik123 on April 29, 2023, 05:41:54 PM

Quote from: firesurfer on April 29, 2023, 06:32:21 AM

Bitcoin mixer enhances privacy and resists attacks.
It is up to the laws of each country to determine if gambling is illegal.
Bitcoin in the case of gambling is also just a means to satisfy the desire to gamble and make money. Bitcoin in this case is not considered bad as the dollar or any FIAT is being used for gambling all over the world.

Bitcoin is only used as a tool for gambling and is not directly involved with the gambling industry.
Bitcoin is still Bitcoin, not regulated by anyone. it's just a payment option that is easier and more private.
Gambling sites that support Bitcoin are also increasingly appearing.

and about Bitcoin mixing, the last few months have been quite excited when Chipmixer was shut down because it was involved in money laundering crimes.
No wonder they are thirsty to be shut down, because they facilitate criminal acts.
Not all Bitcoin mixing sites do this practice, Many mixing sites still survive today.

Yes, bitcoin is a currency, a payment method, casinos have the right to add it to their form of payment, no one can ban them, and it has nothing to do with gambling.

As for mixers, you are right, not all mixers cater to criminals, what is going viral out there is just because bitcoin haters are spreading false information. Bitcoin gives privacy, and mixers make us more private.

Topic: Why gambling and mixing called bad actors in bitcoin (Read 568 times)