You think Bitcoin makes you cool? It doesn't - page 3.

Hatchy

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Quote from: Zlantann on October 21, 2024, 11:53:38 AM

Quote from: ? on October 21, 2024, 11:28:59 AM

You think Bitcoin makes you cool? It doesn't.

Bitcoin was designed to give mankind financial liberation. It failed miserably. What kind of currency has one-half of transactions (46%) associated with illegal activities?

Relying on a four-page 2019 article that was the view of an individual who never collected or analysed reliable data shows your level of reasoning. I wonder how the author was able to identify illegal activities in the Bitcoin blockchain.

Lol probably he had nothing important to do with his time and turned into the Blockchain cop. Unfortunately for him, he will have to carry out more of his investigation as this article right here posted by op is just full of trash. I wonder why alot of people just keep bringing up more reasons why they hate Bitcoin. If you don't like something, you let it be for others whom Understand what it is to enjoy it's benefits. The decentralized nature of Bitcoin has been a major fuel for its adoption. Even though we know In this life that there's nothing good that doesn't have a bad side.

fikrett

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Quote from: BitcoinBarrel on October 21, 2024, 12:10:40 PM

Pick a currency.... gold, cash, crypto, etc...

Half of all transactions... period.. are used for illegal activities. Roll Eyes

Definitely!
And it shouldn't be about that, clearly - because the OP just tries to spread some fud using the info from 2019.
Geez Roll Eyes

icalical

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Well, 46% is a big number. However, it is important to put this number into perspective, it does not speak for everything. Many transactions in Bitcoin are, in fact, legitimate and grow year over year. Just last month, Chainalysis reported that the share of illicit Bitcoin transactions dropped significantly, at around 0.15% of all transactions in 2023, an indicator of a shift toward more lawful uses.

Also, Bitcoin was engineered as a hedge to traditional financial systems that leave so many behind. Because it is decentralized, people in countries with unstable economies could preserve their wealth when local currencies fail. While there are problems, Bitcoin is also giving lots of people power by affording them financial options they never had. Again, that may not be an ideal solution in any way, but it is in its evolution and continues to play a role in financial inclusion, which isn't small.

BlackBoss_

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Quote from: pooya87 on October 21, 2024, 12:49:15 PM

The very fact that we keep seeing people make up stories like the ones in OP and keep on spreading FUD about Bitcoin year after year is the most solid proof that Bitcoin has had a great success in giving increasing number of people financial sovereignty.

For more than 15 years, Bitcoin is not dead.
https://99bitcoins.com/bitcoin-obituaries/
https://buybitcoinworldwide.com/bitcoin-is-dead/
https://bitcoindeaths.com/

It means a lot about quality, strength and survival of Bitcoin that can not be found in altcoins.

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Otherwise why is there no FUD about some unknown shitcoin that is actually useless like XYZ coin? Cheesy

Because it's useless to do FUD attacks against shitcoins, useless coins like XYZ coin whatsoever. They do attacks, FUD to get benefit from it. If people panic sell, they buy discount bitcoins, and sell higher later to have profit. With shit and useless coins, buy dips means buying a falling knife, even no dead cat bounce later.

Russlenat

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Quote from: ? on October 21, 2024, 11:28:59 AM

Bitcoin was designed to give mankind financial liberation. It failed miserably. What kind of currency has one-half of transactions (46%) associated with illegal activities?

It’s funny how people miss the fact that fiat is way more linked to illegal activities. But, of course, since governments created fiat, they’re not going to broadcast that info...they want to keep things under wraps. Bitcoin, on the other hand, is all about transparency, thanks to decentralization. If the percentage of illegal use in crypto goes up, don’t blame Bitcoin - blame the government. They’ve started regulating crypto, so if you’re unhappy with those numbers, it's because they’re not doing their job right.

Kruw

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Quote from: ? on October 21, 2024, 11:28:59 AM

Bitcoin was designed to give mankind financial liberation. It failed miserably. What kind of currency has one-half of transactions (46%) associated with illegal activities?

This is called "appeal to authority" fallacy. The fact that Bitcoin enables sovereign people to circumvent the oppression of regulators is a success, not a failure.

tottong

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Quote from: ? on October 21, 2024, 11:28:59 AM

Bitcoin was designed to give mankind financial liberation. It failed miserably. What kind of currency has one-half of transactions (46%) associated with illegal activities?

If people are saying that illegal activities are happening all over the place then how is that any different from any other system that has ever existed.
Anyone can say that illegal activities are happening but that does not reflect anything because it is actually being done by immoral individuals or groups.
Bitcoin was designed to provide financial freedom for anyone who can see the potential in it but it will not work if someone does not implement it properly.

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A decentralized 3rd-party system of Universal Trust is necessary to protect crypto users, secure total worldwide adoption, and rescue the world from material hardship and financial slavery.

I don't understand this line of thinking and why it needs a third party to protect Crypto users and if it does what is it any different from the previous system that had full control.
This is not in line with the freedom that is expected and bitcoin was not created to save the world from poverty and I have never seen that stated in the Whitepaper or a more explicit statement from a bitcoin creator.

uchegod-21

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Quote from: ? on October 21, 2024, 11:28:59 AM

You think Bitcoin makes you cool? It doesn't.

Bitcoin was designed to give mankind financial liberation. It failed miserably. What kind of currency has one-half of transactions (46%) associated with illegal activities?

Fiat is the most untraceable form of currency when used for bad dealings;
Before bitcoin, there has been criminal ls, wars, kidnapping etc;
After bitcoin there will still be these vices;
Every technology has its pros and cons;
For bitcoin to be able to be used by both good and bad makes it that great coin of freedom;
Bitcoin is not only a currency, but an evolving technology.

EarnOnVictor

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Quote from: ? on October 21, 2024, 11:28:59 AM

You think Bitcoin makes you cool? It doesn't.

Bitcoin was designed to give mankind financial liberation. It failed miserably. What kind of currency has one-half of transactions (46%) associated with illegal activities?
-snip-

I must say I share your view but Bitcoin is definitely not bad, the intention was good which is what we should look at as the main priority. It now depends on what you use your Bitcoin for and that's left for your conscience to judge you. This is where more stiffness and regulation come in where possible and I've always been an advocate of the regulation despite the decentralization of the coin and people's opposite view. Many users here have fiercely rebuked it but I stay firm with my disposition because we can't be in the name of freedom aiding and abating frauds and other illegality. We should balance things and I hope for a day that the name of Bitcoin will be cleaner from these perpetrators.

Rruchi man

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Quote from: ? on October 21, 2024, 11:28:59 AM

What kind of currency has one-half of transactions (46%) associated with illegal activities?

It is unfortunate about the many bitcoin transactions involved with illegal activities, but the statistics and figures will not remain the same as things will change over time for the better. During the early stages of Bitcoin, as we see, many people have taken advantage of it for illegal activities, but bitcoin was not made for illegal activities, so the situation will not remain. The fact that Bitcoin has been involved with illegal activities does not make it bad. Bad people find a way to take advantage of a good thing.

ChiBitCTy

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lol, I don’t think Bitcoin makes me cool but I do think that it makes me intelligent enough to know that starting to embrace a new technology that’s a major breakthrough in technology. I think anyone who’s embraced bitcoin is cool on some level that they are willing to step out of the “norm”, so to speak. Of course this doesn’t really include people whom are just trying to make $.

pooya87

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The very fact that we keep seeing people make up stories like the ones in OP and keep on spreading FUD about Bitcoin year after year is the most solid proof that Bitcoin has had a great success in giving increasing number of people financial sovereignty.

Otherwise why is there no FUD about some unknown shitcoin that is actually useless like XYZ coin? Cheesy

ImThour

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There are less than 1% population who owns Bitcoin, and that 1% is cool atleast for me, and I do not even care about your opinion. Early adopter is always cool, no matter what technology we talking about. When people were using Letters, first to email was cool. When people were using a telephone, first to use iPhone with a screen was cool. That's how it works.

Dunamisx

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Quote from: ? on October 21, 2024, 11:28:59 AM

You think Bitcoin makes you cool? It doesn't.

Bitcoin was designed to give mankind financial liberation. It failed miserably. What kind of currency has one-half of transactions (46%) associated with illegal activities?

You are wrong, life of full of good and evil, but we decided on which path to take, this is our own personal choice, you can find the same condition being applicable on every aspects of life, name it, is it in financial or economy situations with the people, the intention for creating bitcoin was to serve as an alternative being a decentralized digital currency, in fiat currency, we have been long time tired or the scam, theft, loots and hacks related offenses, not only these, but there is no financial privacy, trust in handling our monetary assets until bitcoin arrives.

Bitcoin is not forced on anyone, if you think its necessary then you can adopt it on your own, i hope it will not be too late for some people to make their decision in support for bitcoin.

BitcoinBarrel

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Fill Your Barrel with Bitcoins!

Pick a currency.... gold, cash, crypto, etc...

Half of all transactions... period.. are used for illegal activities. Roll Eyes

mochi86_

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Quote from: Zlantann on October 21, 2024, 11:53:38 AM

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But this falls short of a world where consistent appreciation generates massive enough wealth to end poverty, end war, cure diseases, and end mortality.

A decentralized 3rd-party system of Universal Trust is necessary to protect crypto users, secure total worldwide adoption, and rescue the world from material hardship and financial slavery.

Read On:
https://bitcointalksearch.org/topic/satoshi-nakamoto-ann-2-new-bitcoin-supplemental-altcoins-5513980

Could you please show me anywhere in the Bitcoin Whitepaper or any comment from Satoshi that Bitcoin was created to end poverty and rescue the world from financial woes? I checked the other thread you created and it is clear that you are living in another world.

He's just mentioning his/their new coin called BTC21X or something.

Quote from: Zlantann on October 21, 2024, 11:53:38 AM

...

...
... it is clear that you are living in another world.

I'd like to have whatever he's on!! He makes it sound so utopic, haha!! Grin

Zlantann

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Quote from: ? on October 21, 2024, 11:28:59 AM

You think Bitcoin makes you cool? It doesn't.

Bitcoin was designed to give mankind financial liberation. It failed miserably. What kind of currency has one-half of transactions (46%) associated with illegal activities?

Relying on a four-page 2019 article that was the view of an individual who never collected or analysed reliable data shows your level of reasoning. I wonder how the author was able to identify illegal activities in the Bitcoin blockchain.

Quote

But this falls short of a world where consistent appreciation generates massive enough wealth to end poverty, end war, cure diseases, and end mortality.

A decentralized 3rd-party system of Universal Trust is necessary to protect crypto users, secure total worldwide adoption, and rescue the world from material hardship and financial slavery.

Read On:
https://bitcointalksearch.org/topic/satoshi-nakamoto-ann-2-new-bitcoin-supplemental-altcoins-5513980

Could you please show me anywhere in the Bitcoin Whitepaper or any comment from Satoshi that Bitcoin was created to end poverty and rescue the world from financial woes? I checked the other thread you created and it is clear that you are living in another world.

Cryptohygenic

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If bitcoin has features a third party on transactions it is absolutely not more a decentralized currency as meant to be a unique form of finance.
I don't know about the tough lessions you have be thought within the bitcoin blockchain that has got you being so in doubt of it this way but I would tell you that I am cool with my holding on bitcoin and as a matter of fact, I was being introduced into the bitcoin industry by some fellas whom had been in the space for years and had never encountered lost of their funds either legally or illegally regarding that bitcoin is not a fraudulent scheme, only fraudsters can steal your funds and that depends on your displacements of private keys, mistrust of persons with your funds or probably your lack of knowledge with your holding of bitcoin.

?

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You think Bitcoin makes you cool? It doesn't.

Bitcoin was designed to give mankind financial liberation. It failed miserably. What kind of currency has one-half of transactions (46%) associated with illegal activities?

https://freepolicybriefs.org/wp-content/uploads/2019/02/freepolicybrief_jan212019.pdf

The reason is straightforward. Bitcoin conflates trust and honesty- its nodes lack absolute security and its users are not trustworthy, giving some benefit but preventing true larger-scale adoption while everyone applauds its greatness. Crypto complacency feeds a system where the rich and criminals consolidate wealth and the poor remain marginalized... financing terrorism, money laundering, dark web dealings and ransomware attacks. Yes the underprivileged benefit from a digital decentralized autonomous payment system and access to investment opportunities otherwise out of reach. But this falls short of a world where consistent appreciation generates massive enough wealth to end poverty, end war, cure diseases, and end mortality.

A decentralized 3rd-party system of Universal Trust is necessary to protect crypto users, secure total worldwide adoption, and rescue the world from material hardship and financial slavery.

Read On:
https://bitcointalksearch.org/topic/satoshi-nakamoto-ann-2-new-bitcoin-supplemental-altcoins-5513980

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