Bitcoin Forum

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.  ??? ??? ???

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.

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.

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?

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.

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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.

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.

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.

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.

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

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.

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.

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.

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

Oh wait

 :-\

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.

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.

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.

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.

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.

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.  ;D

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.

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.

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.

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.

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.

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?

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.

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.

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

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.

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.

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.

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.

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