Why the System being RACIST against BITCOIN? - page 2.

guy369

jr. member

Activity: 166

Merit: 1

If laws were made to protect citizens, they should make a law against killing people....

Oh wait

Undecided

Laws are all about lining some bureaucrats pocket more than anything

More crime is committed for USD than crypto BY FAR
More weapons of destruction being used in the M.E. is coming from our own governments

This is why I am all for crypto - people think that centralization is a good thing, even when it has proven to have negative outcomes 9 out of 10 times.

cryptorampage

jr. member

Activity: 56

Merit: 30

I am not saying the system is directly responsible for this but I think most of the people are not used to familiar with this factor. But it's true that one day will come when the Bitcoin will be used by the most and then they will evaluate it properly. I am praising the concept of science in the positive way.

avikz

legendary

Activity: 3080

Merit: 1500

Quote from: cryptorampage on February 11, 2018, 04:04:09 AM

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

It's true that bitcoin is being victimized for its decentralized bit we can hardly do anything about it. The main idea of bitcoin is basically against the centralized system that are existence since the birth of monetary system. If we see the history, the economy was always controlled by a central authority. Earlier it was the kings who used to issue currencies, then banks came into existence and took over the centralized system.

When bitcoin came into existence, it introduced the idea of decentralization in the modern economy. So it is immediately became a rebellious idea for the governments. Even though fiat is used for criminal activities, but no one can say anything against fiat because it is the only option we have. But bitcoin is an extra option given to the mankind which are used normal people and by criminals as well. So bitcoin became bad in the eyes of the governments because it became harder for them to track.

coolcoinz

legendary

Activity: 2814

Merit: 1192

Quote from: cryptorampage on February 11, 2018, 04:04:09 AM

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.

I like this part. It's a valid point. When something is foreign to you, it's much easier to distance yourself from it and criticize it. I remember how my parents used to react to technology. A mobile phone? Why would you need that shit? It's expensive, fragile, and can give you cancer! That was until they started using it and found it so easy to call and ask me about anything, instead of using the landline and having to deal with annoying voice mail. It's not racism though. It's just people being people.

Tipestry

newbie

Activity: 98

Merit: 0

This is the most interesting use of the word racist I've ever seen.

peter0425

sr. member

Activity: 2618

Merit: 439

Partly blamed media's about it. That's how they portray bitcoin at the very beginning, Ponzi, Pyramid, Scam and being used by criminals. But we can argue that criminals will be criminals, they will always find a way to take advantage of the system for their greed, just like they did to the bitcoin system, they exploited it.

They know its (psuedo)anonymous, irreversible and can be easily transfer across the globe without government' noticing it. They are now even going one step further, physically robbing people who owns loads of bitcoin.

But bitcoin is not the problem here, however, since media already depict bitcoin that bad, it's really hard to removed that stain in bitcoin's name.

GaboCarranza

jr. member

Activity: 43

Merit: 1

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I wouldn't say system is racist against bitcoin, I would say that there is no knowledge enough from most of the people about the whole bitcoin scene, or even
the whole crypto-scene, and when there is something people don't
have complete knowledge about they tent to be scared, untrustworthy
about the fact that there is something that they don't fully understand,
And about criminals using it? Criminals are ALWAYS looking for ways to do
what the want and Bitcoin(as well as other cryptos) is just one of many
tools they've found.

squatz1

legendary

Activity: 1666

Merit: 1285

Flying Hellfish is a Commie

The system isn't racist on Bitcoin, the system (including all politicians, bankers, etc) simply wants to stay in control of the power which they've had forever. They've been able to control the economy forever, and they don't want to give it up to a bunch of decentralized people who aren't going to give them their power.

This is life, this is how it works. Greed is everything.

staywoke081

full member

Activity: 211

Merit: 100

Santa Coin

The system isn't racist, it is the people who control the system that are targeting individuals who are criminals. However, even then this story is going to blow over and soon we won't be discussing criminals. Soon we will be discussing how we can get some farmer across the world $5 dollars in seconds so they can continue their business. That is the power of Bitcoin, don't be fooled by the media tricks.

Xavofat

hero member

Activity: 938

Merit: 559

Did you see that ludicrous display last night?

Quote from: RNC on February 11, 2018, 04:19:50 AM

The lightning network is [...] a system of banking hubs

LN hubs do not have the ability to take money from the LN channel, and you can settle the channel onto the blockchain at any time. It's not at all comparable to a banking system.

Furthermore, this post is unrelated to the Lightning Network - the statement was specifically related to the blockchain.

Personally, I'm thinking that BTC's public image will improve as privacy-centric cryptocurrencies (such as Monero) continue to develop and gain traction on the darknet. Gradually, public perceptions can change.

RawDog

legendary

Activity: 1596

Merit: 1026

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?

onnz423

hero member

Activity: 840

Merit: 508

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The media seems to be on a mission to discredit bitcoin, rather than blaming human greed, they blame the payment system for the crime. Absolutely ridiculous logic, the crimes would persist with or without bitcoin. I think the problem is there is no counterbalancing force out there, only mainstream media reaches enough viewers to impact BTC price, there is no pro-BTC organisation that can spread the benefits of BTC to as many people, hence negative news will always outweigh the positive.

RNC

newbie

Activity: 42

Merit: 0

Quote from: cryptorampage on February 11, 2018, 04:04:09 AM

as it is decentralize and irreversible transaction process

The lightning network is not decentralize by any means and is in fact a system of banking hubs that charges
fees on transaction and interest on the Bitcoins used to finance the channels.

I reserve the right not to like bankers and anyone else I don't agree with but feel free to protect
your masser for charging sky high fees for sending a few digits across the wire.

cryptorampage

jr. member

Activity: 56

Merit: 30

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

Topic: Why the System being RACIST against BITCOIN? - page 2. (Read 267 times)