Topic: You think Bitcoin makes you cool? It doesn't (Read 643 times)

No no no... evil preys upon the good, devouring their unsuspecting souls. Satoshi believes evil is hatred and all hatred is rooted in "evil money"- money based on self-destructive competition rather than cooperating with each other for the common good, the outcome being nobody truly cares about each other- to the point of abusing the weak and innocent. Evil money handicaps modernization, systemically reducing the economic prosperity to mere animal instinct, with “every man for themselves”.

Good money- what Bitcoin is all about- defeats evil money like a vaccine neutralizes a virus- introduces a new, fortified agent (financial salvation), stimulating the financial system to produce antibodies (goodwill), neutralizing and eradicating the pathogenic effects of evil money.

bitcoin21x is an amplified form of Good Money, like Bitcoin, but intended to entirely replace the traditional Monetary System of free-market competition and establish a new "Collectividual System" of free-market cooperation, sharing, and community well-being, prioritizing collective and individual goodwill over accumulation of wealth resources.

What does privacy do? Does it know how many fingers i'm holding up? Privacy isolates the helpless and empowers the corrupt. It is perhaps honorable to leave out the 3rd party but it's shameful to abandon uneducated users to their own whims, like they had make-believe toy monopoly money to throw away. Money should be an economic means to collective and individual improvement, not the economy's end purpose; not homogenizing cultural diversity around scarce resources becoming harder and harder to obtain; money should bring people together to solve the future's problems today and guarantee a global future of sustainability for the next generation of mankind, not enforce the systemic apathy to marginalized populations; money should comprehensively clean and upgrade cities and communities and propagate well-being, safety, loyalty, companionship, happiness and interaction, not just one-up a failing system of persistent global discord by routing people to hide behind closed doors from society's dangers and evils; money should give people the power to overcome the core problems we face, not just the ability for the lucky few to run away while problems fester and feed on our blind ignorance of other's plight.

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

As far as Satoshi Nakamoto and exclusive worldwide Bitcoin adoption by every household is concerned, I'm on Time.

bitcoin21x is just another form of rarifying Bitcoin, accelerating the perception of Bitcoin as a rare collectible.

Satoshi has a message for you:

"The near-holy destiny of Bitcoin is already firmly set in place. Bitcoin21x is merely the shepherd for lost souls to the Bitcoin Promised Land. Bitcoin21x’s combination of extreme rapid hyperdeflation, modern adoption as a tool for combatting and preventing criminal activities, low risk and low volatility gives us the power to unban cryptocurrencies in all countries. Countries that censor Bitcoin21x will find themselves financially insolvent as the value of fiat currencies continuously depreciates. I implore the Bitcoin community to put down its Bitcoin monotheism and embrace bitcoin21x for its merit: ending world poverty and financial insolvency, precipitating global culturalization and insulating mankind against impending global economic collapse.

There’s a new Chinese restaurant in town serving cuisines from the rarest, almost-forgotten local and regional Chinese cultures. bitcoin21x unchains the world from its financial shackles, for example, bringing small-time Chinese farmers to the global culinary stage and giving small town Chinese food lovers the chance to become greatly renowned Chinese chefs. Designed to connect the world’s poor and disadvantaged to the global economy, the product of apocalyptic understanding, bitcoin21x converts smartphones into a dependable, efficient pathway for the rapid vertical ascent of impoverished peoples out of economic disparity, instantly exerting the world’s economy’s aggregated total worth through a common base unit, transforming typical peers into highly sophisticated state-of-the-art living human data centers more computationally effective than Quantum AI.”

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

What currency do you think makes you great? Dollar, Euro, Yuan, etc.? Are these the inflated garbage currencies that central governments print by the ton that are great in your opinion?

Bitcoin is not a perfect coin, but it has the unique features that make it the best currency in the world and it is not Bitcoin's fault if some people misuse it illegally.

If we look at the pros and cons in reality, the pros of Bitcoin greatly outweigh its cons, so it is a nightmare for governments and lovers of banks and centralized systems.

From what you say, if 46% stuffs about bitcoin are about illegal activities which is bad, it then means 54% of things about Bitcoin is good, which is fair enough for us to settle for. Same cannot be said about fiat or altcoins which do not come anywhere close to bitcoin.

I want to make it clear that illegal activities is not only limited to bitcoin, it has always existed even before bitcoin was created. Bitcoins purpose was not to aid criminals in their illegal activities, those criminals only got smart to identify potentials in bitcoin and use it to their own advantage. Even if there was no bitcoin, criminals will still find a way to steal from people and still remain anonymous.

Bitcoin is not the problem of the world's economy, neither is it the the cause of the problems the world is facing. Bitcoin will still be cool to those who appreciate it's usage.

That 46% figure comes from 2017.


A more up to date report states:


https://www.forbes.com/sites/haileylennon/2021/01/19/the-false-narrative-of-bitcoins-role-in-illicit-activity/


So yeah, fiat currency is used more for illicit activity than bitcoin.

The OP seems pained, my thoughts are that he's been victim to scam activities so he's try to play the blame game by calling out Bitcoin, i might be wrong though but if my thoughts are true, he should understand that because he's been a victim of scam through Bitcoin doesn't make it a failure, just like other currencies, scammers can operate using it so he should stop trying to play the blame game and be careful so as protecting his assets from scammers. Moreover the reason why Satoshi created Bitcoin was to serve as an alternative currency to fiat which can't be controlled by the government or any organisation and so far, Bitcoin is serving beyond that purpose for different use cases, El Salvador that's made it a legal tender in their country is a prove to that. It doesn't only serve as a quicker means of payment but has turned into an asset thereby used for investment lately cause of it's increase in price overtime.

Bitcoin wasn't just designed to give mankind financial liberation, but it's purpose or existence was more to create an easy means of payments for everyone .
And mind you even other currencies like fiat also has transactions associated with illegal activities, so you're not doing justice to Bitcoin!.

That is because they don't learns about Bitcoin so they can say bad things about Bitcoin. If they want to open their minds to accept a new thing such as Bitcoin, they will see Bitcoin gives them the opportunity to have the best investment that can works them for a long term. We don't have to think them if they don't want to accept Bitcoin as an investment and no need to force them to follow what we do. But they will see when Bitcoin price is at a high price, they will amaze and perhaps, they will realize the truth and start to follow us by asking many things about Bitcoin.

Scam will be on many things, not just in Bitcoin. Bitcoin now becomes more popular and makes people raise their attention to know more about Bitcoin. But unfortunately, they can not search from the right sources so they gets a wrong information which leads them to get a scam. If they learns from the right sources, they will know how to protect their wallet and make it safe from the scammers. They will also not lets themselves tempting to participate in an interesting offers that will be too good to be true.

And who told the author of the topic that Bitcoin is a panacea and a universal financial instrument? What kind of idea is this? Enough already wandering in illusions. There is nothing like this in sight. Of course, at the very beginning of its inception it seemed exactly like that, but time has shown that it is much easier for the population of the planet to use the financial system of settlements and payments that has proven itself successfully over many decades. I do not doubt that there are those people and crypto enthusiasts who blindly believe in Bitcoin and its capabilities. I hasten to disappoint them. There is no need to do this.

So you're saying that Bitcoin is bad because of darknet markets? Spoiler alert: They're almost all using Monero now.


This "altcoin" is a bunch of baloney. I didn't even have to read the entire thing to see this:

Yeah, that's all - BTC is the grand Ponzi evil scheme - until people do look closer and authorities that can do whatever they want, and some (most of us) would not even be able to see what is happening behind the scenes.

I really expect to read something new from this thread but got disappointed.

I didn't bother to click on Op link when I noticed the file is dated as far back as 2019. I already knew it contains bunch of trash that has obviously been disprove before. There's no point wasting time to read it.

When we talk about connection with illegal activities, the medal should be given to our central banks full of corrupt officials that sponsor terrorism with unmarked notes.

It's like believing in a New World after 1492: most would skip this opportunity and the land unknown to them, but those who are brave and with belief at heart would embrace something new and get on top of others (we are talking about BTC in this context, of course).

Funny enough people passing some kind of worthless negative information about Bitcoin can never come to an end, it has been so since it's invention but yeah Bitcoin has prove them wrong in so many ways and it is still proven them wrong, surely accepting the true potentials that Bitcoin holds is never mandatory but by choice while others might be skeptical about it others are also busy taking advantage of maximizing it benefits as much as they can, alot has already regretted not embracing Bitcoin when they had the opportunity to do so at it's earliest days and the same will happen to anyone who doesn't realize now on seeing what will become of Bitcoin in the nearest future.

You are right because that advantage makes bitcoin one of the best choices because we have full control over ownership without a central authority for the sake of freedom as desired.

It is too naive and shallow thinking to associate bitcoin with the treatment of individuals in committing crimes, financing terrorists or other crimes.
Because outside of that there are many cases of murder that actually occur and are even facilitated by centralized finance that has full control. Should we also blame fiat currencies?
I agree with your view on this because every crime is not necessarily seen because a certain media is involved in it, but rather it happens because of individuals or groups who have no ethics.

Bitcoin can be more positive when people use it in the right way and vice versa with fiat currencies.
So people should not need to associate crime with bitcoin or other fiat currencies.

Ahhh these words are too heavy for me, kind of similar to OP's words, actually we need to calm down. Honestly, Bitcoin is just a payment medium just like many other traditional ones but with a different concept. That's it and for the OP's nonsense just check out the thread thats mentioned on this topic.

Digital financial revolutions I would love to hear more.

All currency has their flaws and Bitcoin isn't an exception but Bitcoin offers more satisfaction as a currency than any fiats will ever have. Owning Bitcoin doesn't only make you cool but it adds to your financial strengths as it shows you understand the shift in power. One type of payment system can't dominate the world forever. It has to changed at some point because it had previously moved from gold to fiats and soon, It'll be moving from fiats to cryptocurrency.

The earliest adopters of every technology becomes cooler when the technology becomes a successful one just as Bitcoin has become a successful one. Assuming Bitcoin didn't see success and it failed to gained the attention of the public, they won't be seen as cool but because Bitcoin made it despite all the odds against it. The first set of adapters have to be given their credit for believing in Bitcoin.

Bitcoin is not like any other currency. Its a decentralized digital asset (the first of its kind) with no central authority or intermediary. Thats a fundamental difference.

As for your other arguments, do you know how many people die every day in traffic accidents, or commit vehicular suicide? Would you deny the value of a car as a means of transportation and ask people to stop using it?

Just like a car, Bitcoin is just that - a financial vehicle.  It does not support scams and thefts, does not finance terrorism, does not kidnap or kill people, does not starve children... People do that!

Actually we have wasted time with this thread, because what OP is talking about bitcoin failure is the opposite of the fact. I don't know what the clear purpose is in bitcoin why is it cool? just a quantitative assessment? you missed too much development because an institution as big as Blackrock would not be reckless in including Bitcoin in its ETF.

Bitcoin doesn't make me cool, but at least it gives everyone an equal chance in the digital financial revolution.

What about them? We have millions of people using bitcoin around the world and all you can point to is a few robberies?
Do the math. What percentage of bitcoin holders is affected by crime, like robbery, theft, murder, and what percentage of fiat holders?

You're trying to make a big deal out of nothing and blame it on the inanimate object like currency, pretty much like saying that since there are car thefts every single day and people die in accidents all the time, cars have failed miserably as means of transport.

Do you think people aren't being killed and robbed all around us with no cryptocurrencies involved? A few years back some guy in my town stabbed his relative to death and the police were looking for him for a few days. I also remember a case where an old lady and her husband were attacked at home and robbers were burning them with hot iron to make them talk where they hold cash.
You can wipe out crypto and we will keep killing and robbing each other.

Bitcoin's journey has certainly been controversial, and while its decentralized nature offers financial freedom to some, it's clear that challenges like trust, security, and misuse in illegal activities persist. That being said, every financial system, from fiat to cryptocurrency, faces issues with exploitation.

How can we design systems that safeguard users and generate tangible value while making sure that the advantages of cryptocurrency are not outweighed by its drawbacks?

People have one habit just because they don't do bitcoin, they will look for other ways to condemn the investment I see how a lot of people are saying all manner of things against bitcoin, majority of them don't even know anything about bitcoin they don't have any single idea about the whole idea, if not they won't make all the silly comments they have been making against bitcoin when I see people like that I tell them to sit down and learn and not say what they don't know, and some even have an ideology that bitcoin is scam or even used by scammers which is a very big lie.


The only negative thing I see about bitcoin is scam because the advantage is more than the disadvantage because when you keep your wallet safe, you will not have any issues with scams or what so ever, or you buy and you don't have knowledge and you want to trade and when you don't make money they start blaming bitcoin instead of them to blame them self so we can not really do anything about how people think, anything they want to think those not stop people from wanting to invest.

Unfortunately to be cooler or whatever it means one has to have a stable financial level and the word cool only applies to those who have the money to buy things they want.
I don't really care about world finance because there are so many lies in it and the game of the global elite in making the gap of poor lives even harder.
The world economy is forced to follow the wishes of those who have great influence in employing people and the value of the currency that continues to lose value is real slavery.

The presence of bitcoin is a solution for everyone who wants to achieve financial freedom and we have the same opportunity to gain financial benefits as long as we are involved in investing in the right and profitable way.

For me it's not about "being cool", whatever that means, it's about having a different point of view of my finances, the economy, and the world, because at the end everything is connected. Working like a slave to earn peanuts of a currency that loses its value year after year it's just stupid in my opinion. I've never known someone who bought bitcoin in order to be cool...

This makes my point exactly. Bitcoin is just like any other currency. Like I told Zlantann. It may have a different lipstick. But it's still a monkey.

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

Then you should have sited some currency that is not used for illegal activities. I don’t know how some people just think, there is no currency that’s not used by criminals, and bitcoin is also a currency, so we expect bitcoin to be used also. Most people do complain about bitcoin being used for illegal activities, so which currency were people using for illegal transactions before bitcoin was created? Or illegal transactions started when bitcoin was created? Seriously, it annoys me when people say that about bitcoin and they complain that it’s used by criminals. Is fiat currency not used by criminals? Why are people not complaining about it?

2023 $24.2B Crypto Crime (https://www.chainalysis.com/blog/2024-crypto-crime-report-introduction/)

Adding in criminal financial damage (not factored into 2023 chainalysis report) from ransomware attacks and the combined 2023 criminal financial fallout from FTX, Celsius, Voyager, Terra-LUNA, Three Arrows Capital (3AC) adding an extra $14.8B-$26.6B, the total estimate for 2023's crypto crime ranges between $38.8B and $50.6B. To put that into perspective, the World Food Programme estimates that ending hunger globally would cost about $40 billion per year- if Bitcoin were cool, it would've ended World Hunger in 2023, rather than financing terrorism, death, ruining people's lives, all while the rich party on

Listen, there are only 32.9 million entities associated with wallets holding Bitcoin in the entire world (https://river.com/learn/files/river-payments-report.pdf). 32 million of those entities have an average of .039 BTC each (<$3000). The other .9 million have have an average of 15 BTC each ($1M). The Bitcoin system is just as crass as any other currency. It may have a different lipstick. But it's still a monkey.


The white paper debuted Bitcoin's underlying technology and concepts. Satoshi Nakamoto felt adding a roadmap and exposition of ultimate goals would distract and overwhelm readers. The original intent was early worldwide mass adoption bringing financial salvation to every corner of the Earth. Wikileaks damaged Bitcoin's reputation, skewed its trajectory and permanently obstructed its growth and popularity.

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

Glassnode estimated there are 32.9 million entities associated with wallets holding Bitcoins. Based on this, River Financial's highest estimate is 130.4 million Bitcoin holders in 2023.

https://river.com/learn/files/river-payments-report.pdf

Number of people on Earth? 8.2 Billion. Only .4%-1.6% of the public uses Bitcoin. Bitcoin is a nightmare side-show, a grizzly circus act.

Ok ok ok you are cool with Bitcoin. But what about the Bitcoin entrepreneur who had 7 holes drilled into his foot with a power drill by Bitcoin thieves?
https://nltimes.nl/2020/02/02/violent-robbery-bitcoin-trader-included-water-boarding-power-drill

What about the Bitcoin millionaire who was chopped up and put in a suitcase?
https://people.com/crypto-millionaire-found-dead-dismembered-in-suitcase-argentina-7566887

What about the suicides of those who lost everything? Can we blame losers for being stupid, or Bitcoin for being apathetic to human grief?


Bitcoin Suicides
Autumn Radtke
https://nypost.com/2014/03/05/bitcoin-firm-ceo-found-dead-in-suspected-suicide/&ved=2ahUKEwiM-YbXzaKJAxVclK8BHYz0F_UQFnoECBMQAQ&usg=AOvVaw1neKxrnE6wgn4nE8KewRsp

Alexander Kearns
https://www.forbes.com/sites/sergeiklebnikov/2020/06/17/20-year-old-robinhood-customer-dies-by-suicide-after-seeing-a-730000-negative-balance/

Javier Biosca
https://english.elpais.com/economy-and-business/2022-11-27/the-story-of-a-crypto-scammer-that-ended-in-suicide.html&ved=2ahUKEwisvN2ZzaKJAxWPi68BHSLuDP0QFnoECDgQAQ&usg=AOvVaw2gutgtONuHNsCQyYrfXMZY

"Wu (吳)" (Taiwan)
https://www.taiwannews.com.tw/news/4551502

Ankit
https://www.indiatoday.in/cryptocurrency/story/lucknow-boy-commits-suicide-after-losing-rs-35-lakh-in-bitcoin-2342222-2023-03-03&ved=2ahUKEwjduJXxzaKJAxU8iK8BHdgEF58QFnoECBUQAQ&usg=AOvVaw1JJCkw-AU3KJxRKfbgaYS_

Dennis
https://editi[Suspicious link removed]/2024/06/17/asia/pig-butchering-scam-southeast-asia-dst-intl-hnk/index.html

Pavel Nyashin
https://www.nzherald.co.nz/business/young-bitcoin-millionaire-dies-in-suspected-suicide-after-having-fortune-stolen/YT7W4UIHZ3UPK7YH2SBL43JPEM/&ved=2ahUKEwjMstCezqKJAxW5kK8BHTdZOsYQFnoECBIQAQ&usg=AOvVaw2NQhNQviHBxjkA4YsNZd1R

8 Russian businessmen
https://www.cnn.com/2022/09/02/business/russian-oligarchs-deaths-intl/index.html&ved=2ahUKEwjMstCezqKJAxW5kK8BHTdZOsYQFnoECBQQAQ&usg=AOvVaw2SfnT-RCTIdPkGywpnOk6h

Hui Yi
https://finance.yahoo.com/news/chinese-bitcoin-trader-commits-suicide-121816354.html&ved=2ahUKEwjb893HzqKJAxUhnq8BHSkjC8kQFnoECBUQAQ&usg=AOvVaw3b-Unlme_coVPvF18Y08xY

2018 Bitcoin Crash- 2 suicides
https://www.theguardian.com/technology/2022/jul/12/they-couldnt-even-scream-any-more-they-were-just-sobbing-the-amateur-investors-ruined-by-the-crypto-crash&ved=2ahUKEwiPrZvizqKJAxXBi68BHUfaKlQQFnoECBIQAQ&usg=AOvVaw3rt_Zd7PaSjvgOihhWmRU3




Bitcoin Murders:
Heikki Bjørklund
https://zycrypto.com/pictures-of-the-suspect-behind-murder-of-24yr-old-bitcoin-investor-revealed/


Murder of a South African Bitcoin Trader (2021)
https://www.moneyweb.co.za/moneyweb-crypto/mti-crypto-scam-boss-johann-steynberg-dead-says-brazilian-press/&ved=2ahUKEwjSz8bp0KKJAxWZQfUHHVFLOKwQFnoECBcQAQ&usg=AOvVaw3wA_dA3ejlQXKv17frcMZv

QuadrigaCX CEO Gerald Cotten's Death (2018)
https://www.cbc.ca/news/canada/nova-scotia/quadriga-widow-jennifer-roberston-gerald-cotten-1.6318955&ved=2ahUKEwi-pcyY0aKJAxWrlK8BHc1RNxsQFnoECBgQAQ&usg=AOvVaw1SQ9hDkY3U2y0XPeh-_1a9

Fernando Pérez Algaba
https://people.com/crypto-millionaire-found-dead-dismembered-in-suitcase-argentina-7566887

Ruja Ignatova
https://timesofindia.indiatimes.com/world/us/was-missing-crypto-scam-queen-ruja-ignatova-murdered-by-a-bulgarian-drug-lord-new-investigation-tries-to-shed-light-on-her-disappearance/articleshow/110672742.cms&ved=2ahUKEwjuyujB0qKJAxWej68BHRX5A04QFnoECBgQAQ&usg=AOvVaw2wEUFFJffFb1BPlJafiJne



Bitcoin Torture:
Zaryn Dentzel (2021)
https://www.businessinsider.com/masked-robbers-attempted-to-steal-bitcoin-millions-from-entrepreneur-spain-2021-11&ved=2ahUKEwiC-5_3z6KJAxXMkq8BHYCFESoQFnoECBcQAQ&usg=AOvVaw1Wlk3iXeOFUqxXLTEhb57W

"H." Drouwenerveen
https://nltimes.nl/2020/02/02/violent-robbery-bitcoin-trader-included-water-boarding-power-drill

Crypto King
https://toronto.ctvnews.ca/unreleased-video-allegedly-shows-torture-of-ontario-crypto-king-during-kidnapping-1.6756544&ved=2ahUKEwjz4oGV06KJAxUqj68BHQAeEEEQFnoECBYQAQ&usg=AOvVaw0ZZkt6FrUq6gr2kFNOxgKi

Bitcoin Torture Gang
https://www.wired.com/story/crypto-home-invasion-crime-ring/&ved=2ahUKEwjz4oGV06KJAxUqj68BHQAeEEEQFnoECBkQAQ&usg=AOvVaw3IcEkBkSK0sMwLVvwkEpXI


Unnamed Others:
"My brother killed himself because of BTC "
https://www.reddit.com/r/Bitcoin/comments/7hmjdw/my_brother_killed_himself_because_of_btc/

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

Do you think Bitcoin makes you cool? My answer is Yes.

Any proof that half of Bitcoin transactions are associated with illegal activities? Bitcoin solves the problem it was created for, but if someone uses it for illegal activities, it shouldn't be blamed. Some people use a knife to cut the bread and some people use it to murder others. Should we stop the knife production or is the knife to blame here?

Bitcoin makes me cool in that it shows I'm modern, advanced in technology, know and can use things that most of the population can't.

That's true. What about scandals around Deutsche Bank? What about scandals where the government was itself in illegal activities? I'm to the point where I think that any negative title about Bitcoin generates money for the media and benefits the government and that's it.

bitcoin doesn’t need to make cool. I’d like it to make me rich though. Probably the majority of the bitcoin hodlers think the same think. I never wanted any btc/crypto tattoo on my body. I never wanted btc themed clothes. I never wanted to show people “here! Look at me! I own crypto yeehaa!” And I find these actions very cringey.

However, I like to see my account growing in terms of both btc and usd. Now that’s what I really like. Does it make me cool? Maybe but I don’t give a damn about it. I don’t care what other people think of me anyway.

Hmm, I do agree with your words but a crime on crime doesn't justify that, so this excuse is not good enough. Anything digital give convenience and increases the risk of misuse due to its nature, let me give you an example X person want to fund a crime with massive amount to its scale if they wanted to fund that crime in non-digital mode they cant as to move such amount of funds cross-boarder is super difficult and just imagine now the digital mode few clicks and boom.

So everything always posses both of its aspects

People out there only see the illegal thing that Bitcoin can do but they don't research for what benefits that Bitcoin can do. I think fiat also the same as Bitcoin that people can do illegal dealing with fiat and they can hide that from the tracking if they have skill to do that.

We should see that many things have two side, positive and negative so we should use that thing for the positive. Lets people use for negative purposes if they want but we don't have to follow them. Using Bitcoin is your choice and no one will force you to do that. Same as you use fiat money.

it is such a weak argument if someone says that crypto is basically a hub for criminals when it is known that 90% of money laundering crimes to be undetected people probably thinks that money laundering with fiat is easily caught and punished because most money launderers who get caught end up in jail

but you forget to note that there are more money launderers out there that have not yet been caught and they do not even need to use crypto to launder money so the assumption that crypto is specifically used by criminals is null because even fiat is and has been used by criminals

They are all recorded, in fact (talking about fiat), however, you wouldn't be able to access them yourself, unlike having a scanner for different chains ready for you.

It because Bitcoin is transparent, so anyone can track and know every transactions in blockchain. While other assets like fiat, stock, gold etc aren't transparent, all the transactions aren't recorded and not everyone have access to track the assets.

I think all of fiat already associated with illegal transactions, but we just don't care with that.

Anyway, your shitcoins doesn't solve anything.

The study you linked to is many years out of date. You lose instant credibility when you post a link to a shitcoin announcement thread. You are not really concerned about illegal activity in Bitcoin, you just wanted to promote your own altcoin. We have seen this from many altcoin scammers before where they claim there is some unfixable flaw in Bitcoin and the only solution is to give them millions of dollars for their new shitcoin. I am fine with Bitcoin as it is and will continue holding it. I have no interest at all in whatever scam you are trying to promote.


That is the year when it was published but the study is using data from many years before that.

1.I don't think that Bitcoin "makes me cool" or whatever.
2.Are we going to discuss the same old "Bitcoin is being used by criminals" topic? The criminals around the world are using all fiat currencies and all cryptocurrencies. Even if we create "the perfect cryptocurrency", the criminals around the world are still going to use it. The authorities must do their work and catch as many criminals as possible. This is the only way to stop the criminals to use this or that currency.
3.Nobody is saying that Bitcoin is perfect and that Bitcoin shouldn't be improved. Maybe the mass adoption of Bitcoin as a normal currency failed. There are several reasons for this and they have already been discussed multiple times on the forum.

Did you see the first post on the forum from the OP?
Yeah, that's going into my collection of great thoughts 

Did you check the date on the source you’re referencing? It’s...

That was from 2019, which is already five years ago. Since then, a ton of regulatory measures have been put in place to curb those kinds of transactions. If you're gonna bring up some data, make sure it's current and real-time, please.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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 $.

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?

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.

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.

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

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

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


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

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.



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.  

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.

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