Topic: Why Is There So Much Talk About The Dark Side Of BTC? (Read 1767 times)
Controlling the masses. They know it's coming and are convincing the general public to shy away just long enough...
That's simple. While it is not a currency, it is used as one and about 90% of the BTC in circulation in on crime related transactions. Those not in cuirculation are often lost in frauds. Then you compare with any other currency where most of the money is not related to crime and fraud. It is not BTC fault, it is just 'cause it is not a mainstream "currency".
All these hearings about BTC only seem to be focusing on the criminal aspect of BTC, it is all getting rather monotonous.
There is so much good that BTC can do, not everyone is a criminal, but, it appears everyone is a suspected criminal.
Criminals will always find a way to operate with whatever they have at their disposal.
Why don't they have hearings about stopping criminals using fiat.
Banks that are requiring proof of what your withdrawal of funds are required for is an invasion of our privacy. If they ever ask me I will just say I want to flush it down the toilet as it is worthless.
Personally, I do not think anyone pro-BTC should have anything to with these people that only want to help the top 1% achieve total control.
There is so much good that BTC can do, not everyone is a criminal, but, it appears everyone is a suspected criminal.
Criminals will always find a way to operate with whatever they have at their disposal.
Why don't they have hearings about stopping criminals using fiat.
Banks that are requiring proof of what your withdrawal of funds are required for is an invasion of our privacy. If they ever ask me I will just say I want to flush it down the toilet as it is worthless.
Personally, I do not think anyone pro-BTC should have anything to with these people that only want to help the top 1% achieve total control.
Because there is indeed a disproportionate amount of criminal activities using Bitcoin. But who can blame them, it solves their biggest problem of getting paid anonymously.
when you receive cash, you also remain anonymous...
Good luck sending cash over the border, anonymously, by Internet.
the media is in love with bitcoin, the government, not so much. the government is definitely in love with arresting people. the news loves to report on when the government arrests people. So bitcoin plus indictments is big news! All the haters want their chance to say "i told you so" i've seen so many damn i told you so's in the past 3 years they've run together. but then btc busts through whatever small thing the haters thought would kill it and becomes stronger.
When you are against something because you see at as a threat to your power, you paint the opponent in terms of
a) protecting the children (often bringing child porn production into the mix somehow)
b) terrorists (everyone /anyone can now legally be considered a terrorist for no reason, if you have a lot of power, so this the go-to PR campaign)
c) playing on nationalism or racism (if things get really bad)
That's sort of how governments work in modern times. Hopefully after all the baby boomers retire it'll change a bit, but I doubt it, it will probably get worse.
It's really funny to read many of the hit pieces against bitcoin. Because they have so little to work with they have to get inventive.
Okay let's compare things to the U.S dollar. It is used for the majority of the world's drug deals and laundering, and 90% of it estimated to have traces of cocaine on the actual bills (lol!) So it would be much more reasonable to ban it. Of course, I'm not serious, but logically, that should be as a ridiculous idea to ban bitcoin for the same reasons, should it not?
http://www.acs.org/content/acs/en/pressroom/newsreleases/2009/august/new-study-up-to-90-percent-of-us-paper-money-contains-traces-of-cocaine.html
As for money laundering... for bitcoin is also a bad idea because the block chain is public! But anyways. Logic and rational thoughts are not what policy is based on. Policy is generally based on expanding and reinforcing your power.
a) protecting the children (often bringing child porn production into the mix somehow)
b) terrorists (everyone /anyone can now legally be considered a terrorist for no reason, if you have a lot of power, so this the go-to PR campaign)
c) playing on nationalism or racism (if things get really bad)
That's sort of how governments work in modern times. Hopefully after all the baby boomers retire it'll change a bit, but I doubt it, it will probably get worse.
It's really funny to read many of the hit pieces against bitcoin. Because they have so little to work with they have to get inventive.
Okay let's compare things to the U.S dollar. It is used for the majority of the world's drug deals and laundering, and 90% of it estimated to have traces of cocaine on the actual bills (lol!) So it would be much more reasonable to ban it. Of course, I'm not serious, but logically, that should be as a ridiculous idea to ban bitcoin for the same reasons, should it not?
http://www.acs.org/content/acs/en/pressroom/newsreleases/2009/august/new-study-up-to-90-percent-of-us-paper-money-contains-traces-of-cocaine.html
As for money laundering... for bitcoin is also a bad idea because the block chain is public! But anyways. Logic and rational thoughts are not what policy is based on. Policy is generally based on expanding and reinforcing your power.
The "suspicious link removed" refers to my use of thisn forum's name. I didn't realise the name of this forum is forbidden from inclusion in posts. Not sure why though.
Because there is indeed a disproportionate amount of criminal activities using Bitcoin.
Bullshit. SR2 transactions (and the rest of the underweb) don't account for barely a fraction of bitcoin transactions, most are made by the same small group of people via buy and sell bots. This whole debacle has gotten out of hand and isn't even funny any more. I'm tired of the uniformed ejaculating over this forum and the web what they think they know about criminal bitcoin transactions. In reality they are virtually non-existent. The majority buy bitcoins for legal purposes.
People being arrested for legal transactions is unnacceptable, as was Russia's decision to ban it on behalf of every good citizen in Russia, without knowing anything the first thing about it. PayPal's recent treatment of a fellow [Suspicious link removed] member is indicative of how much the seizure of Silk Road has been spun into this rediculous witchunt. Banning bitcoin because of an infintely small subsection of buyers used that to buy illicit articles is the exact equivalebnt of banning fiat money because someone used real money to buy weed.
Problem is we have a fiat-controlled media, we need to setup our own Bitcoin media organizations to counter all the FUD and propaganda.
you also need to keep in mind that many people are nowadays, in the crisis, afraid of losing their money, job, etc.. so anything that seems strange or unusual raises fear...
I think in general, people are creatures of habit. Therefore anything potentially revolutionary, which challenges something that we have grown used to (especially with money), is met with a lot of reluctance and skepticism.
The same reason there are no stories about planes landing without issue.
Vice sells ads and nobody is in the new business anymore, they are in the ad business.
Vice sells ads and nobody is in the new business anymore, they are in the ad business.
This! You cant see story about how someone helped someone. Good news are so rare you might think nothing good happens. All you can see is theft, murder etc.
It’s because many people do not believe in the good benefits that bitcoin can do. It’s like bitcoin is too good to be true. But no matter what negative things they throw about bitcoin, online casinos will continue to use it, as well as other business owners.
When everything is a "crime", everybody is a "criminal".
You know when somebody who you know says that they've heard about BTC and that it's used to buy drugs and such? Yeah, just tell them that cash is used for the same. Tell them that banks like HSBC are involved with drug cartels.
People usually brush the drug stories out of the way once you say that, then you can focus on the discussions regarding the real challenges of Bitcoin, rather that the shit that the media (banks/governments) are pushing out on a daily basis.
People usually brush the drug stories out of the way once you say that, then you can focus on the discussions regarding the real challenges of Bitcoin, rather that the shit that the media (banks/governments) are pushing out on a daily basis.
All these hearings about BTC only seem to be focusing on the criminal aspect of BTC, it is all getting rather monotonous.
There is so much good that BTC can do, not everyone is a criminal, but, it appears everyone is a suspected criminal.
Criminals will always find a way to operate with whatever they have at their disposal.
Why don't they have hearings about stopping criminals using fiat.
Banks that are requiring proof of what your withdrawal of funds are required for is an invasion of our privacy. If they ever ask me I will just say I want to flush it down the toilet as it is worthless.
Personally, I do not think anyone pro-BTC should have anything to with these people that only want to help the top 1% achieve total control.
There is so much good that BTC can do, not everyone is a criminal, but, it appears everyone is a suspected criminal.
Criminals will always find a way to operate with whatever they have at their disposal.
Why don't they have hearings about stopping criminals using fiat.
Banks that are requiring proof of what your withdrawal of funds are required for is an invasion of our privacy. If they ever ask me I will just say I want to flush it down the toilet as it is worthless.
Personally, I do not think anyone pro-BTC should have anything to with these people that only want to help the top 1% achieve total control.
Because there is indeed a disproportionate amount of criminal activities using Bitcoin. But who can blame them, it solves their biggest problem of getting paid anonymously.
when you receive cash, you also remain anonymous...
All these hearings about BTC only seem to be focusing on the criminal aspect of BTC, it is all getting rather monotonous.
There is so much good that BTC can do, not everyone is a criminal, but, it appears everyone is a suspected criminal.
Criminals will always find a way to operate with whatever they have at their disposal.
Why don't they have hearings about stopping criminals using fiat.
Banks that are requiring proof of what your withdrawal of funds are required for is an invasion of our privacy. If they ever ask me I will just say I want to flush it down the toilet as it is worthless.
Personally, I do not think anyone pro-BTC should have anything to with these people that only want to help the top 1% achieve total control.
There is so much good that BTC can do, not everyone is a criminal, but, it appears everyone is a suspected criminal.
Criminals will always find a way to operate with whatever they have at their disposal.
Why don't they have hearings about stopping criminals using fiat.
Banks that are requiring proof of what your withdrawal of funds are required for is an invasion of our privacy. If they ever ask me I will just say I want to flush it down the toilet as it is worthless.
Personally, I do not think anyone pro-BTC should have anything to with these people that only want to help the top 1% achieve total control.
Because there is indeed a disproportionate amount of criminal activities using Bitcoin. But who can blame them, it solves their biggest problem of getting paid anonymously.
You have no clue.
Fiat laundering is a mountain to bitcoin's molehill.
The vast majority of bitcoiners are honest hard working folks like me looking to escape this paradigm of endless bankster fraud, deception, and lies.
I conditionally accept your claim upon proof of claim. Proceed.
The news media LOVE negative stories, anything that will make people watch them. Sensationalist news is all the rage and it's a real shame. People would rather see everything as black and white and not get the real news stories about what's going on in the world. Laziness and stupidity. Watch the local news, for instance. You think they would ever report a positive thing about bitcoin?
Bankers fear bitcoin, because it takes power away from them. They all want complete 100% control of finances, which is what they currently have, and it has enriched them beyond the average persons wildest dreams.
They want to amp up any bad news about bitcoin, using their mainstream media outlets, so that if someone hears about it for the first time, its in a bad light.
Just remember, first impressions have a lasting effect, and I believe that is why the media is SO quick to hype negative bitcoin stories.
They want to amp up any bad news about bitcoin, using their mainstream media outlets, so that if someone hears about it for the first time, its in a bad light.
Just remember, first impressions have a lasting effect, and I believe that is why the media is SO quick to hype negative bitcoin stories.
Bad news sells!
Its human nature that we spread bad news, but rarely tell others about good news.
The truth is that if you want people to hear about bitcoin, its got to be done through bad news - the alternative is that you barely hear anything about bitcoin.
Of course, you could be clever and hide good news in bad news - like the lad who lost a hard drive in a landfill - with £4m in bitcoins on it! ;-)
The bad news is the loss, the good news is the desire to own bitcoins!
Its human nature that we spread bad news, but rarely tell others about good news.
The truth is that if you want people to hear about bitcoin, its got to be done through bad news - the alternative is that you barely hear anything about bitcoin.
Of course, you could be clever and hide good news in bad news - like the lad who lost a hard drive in a landfill - with £4m in bitcoins on it! ;-)
The bad news is the loss, the good news is the desire to own bitcoins!
It's a new technology that people don't understand so they're weary of it. I guess people are scared of losing money in it too. A lot of hate seems to come from people who missed out so now they spread FUD.
Jump to: