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Topic: Why the System being RACIST against BITCOIN? (Read 267 times)

jr. member
Activity: 112
Merit: 2
February 13, 2018, 07:10:27 PM
#34
banks could lose it all (well, maybe much but not all) when crypto matures and people get smarter (not fall into scams). crypto reputation takes a beating when scammers strike and then the media for sure will report it and make it look like that it's the end of crypto as we know it. it's one big propaganda machine against crypto
member
Activity: 88
Merit: 18
February 13, 2018, 07:06:31 PM
#33
Very simple.
Imagine you earn/inherit/have a lot of money.
(A LOT OF MONEY = POWER)

Due to it being unsafe to keep it at your home you have 2 options.
A: Keep it in the bank.
B: Keep it in crypto where you control own private key.

We live in a world where GLOBAL ELITE EXERCISES MONOPOLY ON POWER.
When you have a lot of money kept in the bank you actually have NOTHING because your access to "your" funds is not unconditional.
Just take a look at Bill G****s, do you really believe genuinity of transformation into humanitarian superstar ?

B is an obvious threat.
And threat to them is a tool of liberation for us, great majority of mankind.
full member
Activity: 340
Merit: 100
February 13, 2018, 06:54:01 PM
#32
Powerful people with an agenda would typically twist facts so as to prove their point, no matter how unjust their reasoning. These people usually own the media, so they can spread their mystified arguments everywhere.
full member
Activity: 364
Merit: 101
February 13, 2018, 06:37:02 PM
#31
Do you know guys that Illuminati is controlling the monetary system? 90% wealth of the world are from Illuminati, and they are against of bitcoin. These are evil banksters that are against of bitcoin. Well in the coming years to come they will merge to blockchain coz people are demanding bitcoin as a currency and very transparent system.
full member
Activity: 218
Merit: 101
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February 13, 2018, 06:32:04 PM
#30
Because for most people, negative things is what always matters. They disregard all the positive effects of things and emphasize on a single mistake or problem. Also, with media spreading false information and exaggerating the negative effects of bitcoin what engraves in peoples minds are to avoid it and further spread wrong information.
hero member
Activity: 1274
Merit: 516
February 13, 2018, 06:11:00 PM
#29
I like this statement, and I have to agree that media always exaggerate when something related to bitcoin, if we understand how bitcoin works, no one will misunderstanding about bitcoin, bitcoin is just acted as a tool, the one that used bitcoin for criminal is the one that need to be blamed, and because of the media,  people already make a bad judgement of bitcoin
sr. member
Activity: 1764
Merit: 260
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February 13, 2018, 05:47:40 PM
#28
No one accuses a Currency (Specifically FIAT Currency) when Bad persons or Criminals launder Currency ,  but if those criminal used BITCOIN , suddenly  the system become so certain that, it’s a BITCOIN problem.

I wanna share something (one of my friends point of view). That is so correct. It will connect to all of us for sure.



Some years ago , if some one is murdered by some one , and they met through the internet. The whole world castigate and blame the internet. But now people are over it because they all use the internet now. Haha i really think this is the matter.


Same thing applies for the Bitcoin. Yes i know there are some specific rules about Bitcoin , as it is decentralize  and irreversible transaction process. But when the system will also use Bitcoin as we , it will not oppose. I think this is a brilliant topic to discuss.  Huh Huh Huh

You are right. They are accusing bitcoin for what is happening in our society but the truth is bitcoin is innocent for some issues happenning in our country like corruption etc. They are spreading false news about bitcoin because they are afraid that its advantages will be known by the people and bitcoin would be the currency in the future. They are scared because it can increase the price of bitcoin. And maybe the reason behind this is if bitcoin would be assign as the currency then there would be less corruption and poverty in a country.
sr. member
Activity: 546
Merit: 250
February 13, 2018, 05:42:57 PM
#27
No one accuses a Currency (Specifically FIAT Currency) when Bad persons or Criminals launder Currency ,  but if those criminal used BITCOIN , suddenly  the system become so certain that, it’s a BITCOIN problem.

I wanna share something (one of my friends point of view). That is so correct. It will connect to all of us for sure.



Some years ago , if some one is murdered by some one , and they met through the internet. The whole world castigate and blame the internet. But now people are over it because they all use the internet now. Haha i really think this is the matter.


Same thing applies for the Bitcoin. Yes i know there are some specific rules about Bitcoin , as it is decentralize  and irreversible transaction process. But when the system will also use Bitcoin as we , it will not oppose. I think this is a brilliant topic to discuss.  Huh Huh Huh
Obviously but i guess all of thwm doesnt really like bitcoin because of the threat bitcoin gives obviously the bitcoin will surely destroy them in the coming years because of the virtual transaction that will going to happened we all know that this is just a normal thing to do for them i. This case.
legendary
Activity: 2478
Merit: 1360
Don't let others control your BTC -> self custody
February 13, 2018, 05:40:51 PM
#26
You know what to do OP, you've said it yourself. We have to wait it out, that's all. People are like that. They have their own weaknesses and like to blame others for their own mistakes. That's why they made religions, to be able to say that all those bad things they did weren't their fault. They were either designed like that by the higher power or they were lead to evil by a demon (another higher power).
So, when you invest and lose your money it's not your fault, it's that stupid bitcoin! Or it's those idiots from the community who told you to invest!
When you get hacked it's not you being careless, it's the stupid bitcoin being designed bad and vulnerable to hacks!
When you get scammed it's not your fault, it's the community being cancer!

Does it really strike you as something new and unexpected?
hero member
Activity: 952
Merit: 500
February 12, 2018, 06:17:19 PM
#25
It could not be called as racism but its mainly due to the corporates especially bankers who don't want bitcoin's progress and they always turn media to criticize bitcoin on such occasions.Since bitcoin is decentralized and there is no authorized body to defend it,anybody feels free to criticize bitcoin for such reasons.
sr. member
Activity: 504
Merit: 251
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February 12, 2018, 05:11:23 PM
#24
I would say the system isn't racist its more a case of people running the system looking out for their own interest which is fiat.
full member
Activity: 420
Merit: 106
February 12, 2018, 04:23:48 PM
#23
Well, yes that is true and pretty sad as well. I have seen people trying to spread negativity on the media about bitcoins and there is no specific reason why. Alot of them might be jealous I think, as some people  who invested earlier in bitcoins got a huge profit and became millionaires. It surely gets targetted alot as the media might be getting out of good news to provide. So they do what they are best at i.e. spreading "Half-true" news.
legendary
Activity: 1526
Merit: 1001
February 12, 2018, 04:18:59 PM
#22
Why are so few Black people using Bitcoin?  Why don't we allow more Black people access to cryptocurrency networks?  Does the Bitcon community hate Black people so much?  What can be done to fix this racism?

what is your source on this statement? bitcoin community doesn't really know if the wallet owner or bitcoin holder is young or old, no records if they are boys or girls, no data if they are lesbian or gays. So how come you came to this idea about what race is doing bitcoin? The bitcoin wallet is created by many people without submitting any Identifications or DNA sample.
copper member
Activity: 1050
Merit: 294
February 12, 2018, 04:14:19 PM
#21
Everything has pros and cons, people linked with government and banks never want bitcoin to grow and that's why they are only highlighting the disadvantages of cryptos across the world to prove it a fraud currency or a safe exit for criminals.
Money laundering was one of the major issue in most of the countries even before bitcoin, but they only blame bitcoin for this even though today money laundering on large scale is done using fiat not cryptos.
hero member
Activity: 3052
Merit: 651
February 12, 2018, 04:03:48 PM
#20
Somehow it is true and we hate it because we are the supporters.
All of this will settle down once they got used to it.
I have seen people who have questioned me from staying or holding my bitcoins.
Telling me to get it out. Why wait? Those questions are really annoying sometimes.

This hate will cool down once they got into it. They judge because they dont know a thing about it.
Pinning it all in bitcoin wont help because it will not fight back. It is just a thing.  Grin
member
Activity: 182
Merit: 13
February 12, 2018, 03:55:47 PM
#19
It is not a racist thing. There is no race there.
They are just not used to it yet.
It is new so it will have problems, just like when internet was introduced and just like Iphone was introduced.
For the currency side, it will take longer. There is so much to learn about bitcoin unlike an Iphone which is very user friendly.
Basics should be learned and somehow that will make them optimistic with how bitcoin is being used.
member
Activity: 392
Merit: 39
February 12, 2018, 03:52:54 PM
#18

Some years ago , if some one is murdered by some one , and they met through the internet. The whole world castigate and blame the internet. But now people are over it because they all use the internet now. Haha i really think this is the matter.


Same thing applies for the Bitcoin. Yes i know there are some specific rules about Bitcoin , as it is decentralize  and irreversible transaction process. But when the system will also use Bitcoin as we , it will not oppose. I think this is a brilliant topic to discuss.  Huh Huh Huh
It is a very interesting observation your friend did. I think he may be right when comparing early internet with early bitcoin. But I think that currently the linking of some malevolent or even criminal actions with bitcoin has a second bottom to it: there are some people and organizations who are scared of bitcoin and the change it is bringing, so they will really do whatever they can to put it in bad light.
jr. member
Activity: 166
Merit: 1
February 12, 2018, 03:12:57 PM
#17
It is not the system that is racist , it is the media and all their channels that try to put bitcoin in a bad position before people who have no clue what it is. This media though is being effective at keeping many people that want to buy their first crypto, away from entering the market just because of this news. Bitcoin is just another currency and it is not widely used to launder money although as every currency it has its share in this too. Fiat money is used widely across the world to launder money.

HSBC was caught with laundering $ from Mexican drug cartels, caught red handed too!

No one fucking cared, they got off with paying a fine which was equivalent to 5 weeks of profit to them.

This world is ass backwards, hopefully it turns around soon.
legendary
Activity: 3318
Merit: 1247
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February 12, 2018, 03:10:51 PM
#16
It is not the system that is racist , it is the media and all their channels that try to put bitcoin in a bad position before people who have no clue what it is. This media though is being effective at keeping many people that want to buy their first crypto, away from entering the market just because of this news. Bitcoin is just another currency and it is not widely used to launder money although as every currency it has its share in this too. Fiat money is used widely across the world to launder money.
member
Activity: 224
Merit: 10
February 12, 2018, 03:02:14 PM
#15
No one accuses a Currency (Specifically FIAT Currency) when Bad persons or Criminals launder Currency ,  but if those criminal used BITCOIN , suddenly  the system become so certain that, it’s a BITCOIN problem.

I wanna share something (one of my friends point of view). That is so correct. It will connect to all of us for sure.



Some years ago , if some one is murdered by some one , and they met through the internet. The whole world castigate and blame the internet. But now people are over it because they all use the internet now. Haha i really think this is the matter.


Same thing applies for the Bitcoin. Yes i know there are some specific rules about Bitcoin , as it is decentralize  and irreversible transaction process. But when the system will also use Bitcoin as we , it will not oppose. I think this is a brilliant topic to discuss.  Huh Huh Huh

I get your point. Yes, sometimes it became racist. For example, if a hacker use bitcoin, people think that Bitcoin is illegal just because  a hacker is accessing it. If a criminal has bitcoin, people think that Bitcoin is scam. That's the way of life in the digital world. People are always blaming something when something went not right. I think its because they don't get the right thinking over a thing especially when in term sof investing in bitcoin.
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