Bitcoin Forum

Bitcoin and blockchain are awesome technology but it is being most used in gambling , betting , casino, all bad fields is this what making many countries  step back making bitcoin and blockchain tech making legal or creating negative impressions for people using this technology 

Fiat currencies like the US dollar is being used in gambling in general also, does it make it bad due to that specific reason? Not really.

Also, most if not all technologies pretty much almost always has a bad side to it.

• Cars are used for better transporation but can be used as getaway vehicles for criminals
• The internet is used for various great things like storing/retrieving of information, etc, whereas it can also be used to commit crime(theft, identification theft, etc)
• Cellphones(especially the older, keypad ones), are made for better communication, whereas it also can be used to wirelessly detonate bombs

And many many more. So, for all these negative downsides of these technologies, does it really make them "bad"? I don't think so. The good things they can do heavily outweighs the bad things.

All of the things you have listed are subjective. Many people do not have any issues with such things and they are legal in a large majority of countries. Blockchain is used in those industries to offer a cheaper and fairer alternative to traditional alternatives. Similarly to how it is used in logistics, finance etc.

Blockchain has been used in gambling because its use is obvious and useful for this industry. Nevertheless, blockchain is very popular in the retail and tourism business.

The aforementioned vices(according to you),have all being in existence long before the bitcoin nor it's underlying technology(the blockchain technology),ever was borne...
And it's fairly legal in most countries.
This definitely is not a bad side to the bitcoin as financial instruments have been used to fulfill the aforementioned even before the bitcoin..

Gambling is part of the adoption that we aim for. If we are to make this massive we aim for all people including the gamblers who enjoys much online gambling. Same thing were developers are trying to come up with good dapps for merchants and users. I'd like to think all is good because they are part of the ecosystem.

yes but blockchain tech is used in unnecessary fields more and in good fields it is being used less
my worry i why such an good technology is not used more in good fields

   

I kind of disagree with this. Long before bitcoin and blockchain were invented, people are already using fiat to gamble and bet in casinos. It is just that now people have alternative means to used to gamble and bet in the form of bitcoins. Besides, it is not like those who use these technology are using it to terrorize people and commit other crimes, right?

you are wrong.

the most usage of blockchain technology is in creating cryptocurrencies. and cryptocurrencies are mostly used for speculation or in other words for trading on exchanges.
in comparison usage of cryptocurrencies in gambling is a very small percentage.

What 'uses' of the blockchain tech would you relate to being bad? Those that you have enumerated weren't even powered by blockchain to begin with, and most usage of blockchains today are still confined on cryptocurrencies and running it. Banks aren't even deploying their own versions of the blockchain and are only on their development phases, so it's pretty hard to know what's 'good' and 'bad' usage of the blockchain is right now.

Oh and also, the gambling industry is also a billion-dollar industry, and it create jobs for people too. I'm not saying that it is good all in all but there's still some credit to be given on the said industry.

Do you have evidence that block chains are used more for bad purposes than for good things, I do not agree with the title you give because it does not match the reality

Many crypto coins are using blockchain technology in gambling fields and there are many coins which used blockchain tech for bad (i dont want to mention the coin names )only few coins like ripple are using blockchain tech for good fields like banking only few good uses   

Why gambling, betting, and casinos are a bad thing? Maybe we should use blockchain for religious purposes, that way people like you would think we are using blockchain by the right way. That will be fun, now let's see what does God say about gambling and vicious, open your node at block 457 and read with me...

At the end you have no idea what are you talking about, maybe crypto coins are used for gambling, but there are not casinos using blockchain technology direct.

First you need to understand what bitcoin is and what is blockchain technology. And thanks to blockchain, it revolutionizes the on-line gambling industry so I don't see it being negative. Here are some use cases, as you can see all of them are really positive development and could help the government:

• Japanese City Trials Blockchain Voting for Social Development Programs (https://www.coindesk.com/japanese-city-trials-blockchain-voting-for-social-development-programs)
• Switzerland's “Crypto Valley” Successfully Completes Blockchain Voting Trial (https://bitcoinmagazine.com/articles/switzerlands-crypto-valley-successfully-completes-blockchain-voting-trial//)
• A Canadian Government Body Has Built an Ethereum Blockchain Explorer (https://www.coindesk.com/a-canadian-government-body-has-built-an-ethereum-blockchain-explorer)

Your claim is best described as been imaginative and deceitful thus it does not hold water, the last time i check blockchain technology is mainly use for  creating of cryptocurrencies which is been used for trading on exchange, with a little proportion used for gambling which you and i does not have the moral justification to condem see this  link for more info: https://blockchaintechnologycom.wordpress.com/2016/11/21/advantages-disadvantages/

There is always a bad and a good side of anything and it only depends on how are you looking at it. Block chain technology is based on decentralised system which provides better security than the standard banking system. Of course, anyone can find a bad use of it and decentralisation brings anonymity which brings manipulation and of course money laundering that everyone is talking about. But this is present in any industry and the bad sides of block chain are pointed out at this moment simply because its popularity and the influence. Once it becomes welcomed by the masses and spread in more industries, the focus will be more on its good sides and the possibilities to reduce the negative sides.

Everything you listed here are things that have been carried out in a massive scale even before the advent of bitcoin. The entire hard drugs in history has been estimated to worth more than the entire crypto market capitalization at some point and that was when bitcoin or blockchain have not gain ground at all. The point is every development would always be exploited for good and bad because individuals are involved. Its now the responsibility of the law enforcement agencies to ensure that activities against the wellbeing of the state are not carried out through such means.

No this is not true! actually we can't tell it now as the blockchain has limited use.
Let see the community few years from now once the local merchant are open for cryptocurrency.
but to tell you honestly there are just some who ar in bad shape. lets not get it to be negative now!

When useful projects will develop, real benefit of blockchain will understand. Today's world blockchain technology and cryptocurrencies are using for mostly privaty, I agree with that.

I bet it's being used for vicious reasons such as gambling and crimes in a way smaller percentage than it is used for other legit, safe and 'positive' purposes. Furthermore, it's still in its infancy. Anyone who has the basic knowledge level of Bitcoin and cryptocurrencies has at least half an year to an year or even more of using it. On the other side though, it's used by many huge corporations as a payment system (BTC on the Microsoft Store as an example) or for the technology (CitiBank) which gives people a very good and plausible reason to trust them. The volatility is a completely different subject though, which makes BTC an extremely high risk investment, creating this "unsafe" kind of thought inside many people's brains. Volatility is one of the most interesting parts of this technology though.

When I saw the title I thought you would talk about selling strong drugs, sexual exploitation or hired killers... no gambling and betting, that's something quite personal that's allowed in most countries, so I don't know why you care about that when everyone should be responsible for their own money.

I do not know why people are bent on roping cryptocurrency into anything bad in order to give it a bad name as if those bad things have not been existing before crypto came up. This is very sad. All thanks to these haters for dragging the crypto market down the way it is now.

Indeed. It doesn't make any sense since these negative things are more rampant using fiat money. It's natural that with crypto's features, it will be used for illegal activities but that shouldn't cover up the benefits of this technology which should be highlighted more.

in my opinion, this technology depends on what it is used for when compared to only being used for gambling, the benefits are greater if used in various fields such as health and payment. and in my opinion, why do many countries reject because of the fate of banks in the country, we can see transaction fees in banks are very expensive

The full benefits of the Blockchain Technology is yet to be fully tapped into. As more projects evolve, more wonderful usecase arises and then we will appreciate the beauty of the technology.

Why are you calling gambling a bad use of blockchain? Gambling was a part of human life ages ago. Ancient Chinese and Japanese were gambling for money, many countries like Monaco, are proud to be the popular gambling destinations. Gambling will be there whether you want it or not and it's much better for it to be safe for gamblers with provably fair system and anonymous accounts.

We have this discussion over and over again and it seems and never ending or open doscussion. My question is; are fiats or traditional currencies not used for bad vices you stated above? If yes, then why worry that Bitcoin is being used?

2012 wants their comment back. YAWN.

All i can say to your comments; "funny".  Gambling, betting or casino is that bad? There are millions of people make money and run their family with this works.  Besides how could you only attahed the blockchain system with that? The system can save the world, i think you all got it wrong. The biggest problem with the blockchain is Scams and some redemption attemps thats all.

what do you mean casino and betting are bad field. Just because you do not like something doesnt mean that its a bad  activities and beside fiat also is been used in betting and also in casino. by the way do you know how much some countries are realizing from the betting and casino company. In some state such as Las vegas. casino is considered as one big investment. I do not believe in your own submission that blockchain technology is being used for wrong purpose but rather an innovation that has unlimited area of applications

I don't think the negative use of blockchain technology exceeds normal use. In each sphere will be scammers, this can not be avoided. But we can not say that this is a big problem for bitcoin and blockchain technology.

There are always two sides to everything found on this world, But that shouldn't be a reason not to use that particular thing. First and foremost, you need to provide evidence to justify your accusations. Just don't say anything because you hear people saying them. Creating such a post thread is not helpful to people who are new to this forum.

Smart people give us awesome inventions every day and it is up to chose how to use them.
We invented weapons to protect our selves but some of us use it to kill each other.
Nuclear knowledge can be used to product energy or bombs.
There are many exemples and blockchain technology is not going to be an exception.
I have to say that I don't concider gambling a bad thing or it can have a bad influence on blockchain.

it seems that indeed this is proof that in developing blockchain and crypto, we lack people who are creative in developing positive things or indeed many people still support the blockchain even though it has a connection with something negative

The decentralized system of blockchain technology attracts a lot of people that want to hide their illegal activities, also those gambling enthusiasts. This is the bad news about blockchain. This is the reason why some countries are very hesitant to recognize and accept blockchain. Though, this is a young technology, in the coming years, they'll be able to find ways to eradicate this activities.

Even the fiat currency is also used for bad activities. Just like gambling, funding terrorists and much more. All we have to do is understand it well, It's a currency and a value so we can not stop people from using it at whatever they want.

Is that what you understand? What about FIAT which is used for gambling, buying drugs even hiring contract killers. All in this world are the same, depending on us humans who use it.

Blockchain and bitcoin do not do bad things, people do bad things. Bitcoin is just a form of payment and anything that has monetary value will have a use in criminal activity

maybe the reason could be a strong reason for the government to ban crypto currency, but in my opinion, the bad development of the crypto currency depends on the intention and purpose of the investor itself.

That's the reason why the government now implement a KYC on most web wallet or apps wallet in storing Bitcoin so that they would know and trace the possible suspicious transactions. All systems that related to technology might be used on the negative side not only Bitcoin, but negative sides were also always there even fiat currencies, you can still used them buying illegals stuff. We know that time to time Bitcoin will become a good technology and it will keep spreading on every country.

Unfortunately, it is human nature, just like Fiat currency has been used for Millennia to fund criminal activities and wars against innocents, so are cryptocurrencies often used for illicit activities too, such as buying porn and drugs off of the dark web. I do hope there is a change in our genetic material one day that will turn us into much nicer human beings but for now, we have to strive to perfect ourselves the best way we can and not engage in illegal and unethical practices. I do hope that people here don't do nasty stuff with their crypto and sue it for good purposes and buy nice things for their friends and families too.

The blockchain technology is the next big thing after the invention of the internet. The technology is used to impact our lives positively and have created a lot of new opportunities and marketplaces. The bad use of blockchain does not out weight the good use.

Block chain technology has formulated by  bitcoins originator so as to  retain the credibility of the bitcoin by ensuring the security and clarity of the system. Block chain technology has a very wide data storing capability  and once it is stored means it cannot be altered.The block chain has invented by Satoshi Nakamoto for bitcoins sustainability .and it is an unavoidable part of  bitcoin to its proper functioning..Though it is an open and decentralized ledger its all transactions can be recorded in an electronic ledger and the the transactions can be carried out with out a third party interference and with low transaction fee.Block chain can be used for various purpose of human life such as for the global financial institutions ,for the accounting and for the factory production etc  and finally the block chain technology is leading  us to the corruption free world  The block chain technology is the part and parcel of bitcoin for its proper functioning. and so block chain is used for the good purpose only

You only look at the bad side used by some users, but you don't try to see the positive side that this technology has caused. Many companies that have used the blockchain as a place to store their data so can be seen transparently and is safe from everything. It seems that you don't know about bitcoin and blockchain, not everyone likes bitcoin but they like blockchain, because basically bitcoin is operated through the blockchain. Other than that, it looks like you live in a country that prohibits gambling places so you don't agree if bitcoin is used as a gambling tool but many countries that make gambling arrangements are legal places.

You think gambling,  betting and casino are bad venture? I don't think there are bad venture!  Many people have become rich through gambling and betting and I think if there are bad things governments could have not approved them.  I believe that bitcoin is money and we have to see it as such in other to demonize it.

yes, you are right, even BTC used by some people for the crime. however, the influence of gambling, casinos and bets has a major influence on BTC growth. and we can't stop them.

and our job is to explain BTC to the public, then we must guide them to use BTC in something good.

Any technology that enters the market has both good and bad outcomes. The internet for starters is used for business, information, and a range of other things, but the dark web is also used for criminal activities. The reason why governments aren’t making blockchain and crypto legal is because they are decentralized. And this means that no one will have control over the system. As a result, the government will lose its power over assets.

not only bitcoin, im sure that every thing human creation can be use for criminals, all thing. and thats depend on people that use it. and we must admit it if this technology can be use for criminal too, but more people use for their own economic improvement than criminal.
im not play gambling, but i think it just for fun (with high risk and high profit) and its not criminal

yes any technology can be used in both bad and good ways even atom bomb is used for generating power and many use , but it is also used for wars and many to destroy , but i will be happy to see blockchain to see many new sectors and less in gambling sectors   

It is true that there are disadvantages that we can get from blockhain technology because there are some greedy people who using the blockchain to scam many investors.

in my opinion when compared to the negative issue of blockchain used for casino and gambling, in my opinion there are more benefits for many fields, for example health, taxes, transactions and others. maybe a lot of people refused because they thought of the fate of the bank that we know was losing this side.

I hate to contradict with god, because god is always right, god create human to harm this world. Blockchain can make everyone stop harming this world, by harming the world that only existed in our imagination, the internet.

Bitcoin isn't used for bad purpose more than the good, it is used equally for both just like other currencies and payment systems. It's just that people are now using Bitcoin more than other currencies for such things because it's anonymous

yes Blockchain Is being used less in that field and more in gambling fields , that's because of many coins developers  are using Blockchain tech in wrong way to make money because fields like cassino and beting and  many people like privacy and secure so Blockchain is being used there more

This is not the point, every kind of money are being used in betting, casino, and other things! So, this is not the bitcoin or blockchain's fault. It is about people who are using cryptocurrency in bad fields and even in darknet!

Well, this is only implicit of what thrives more in our world today! The bitcoin/cryptocurrencies being used for wrong purposes pose a status of the real successful businesses we have at the moment; hence bitcoin will also find its way there as a neutral means of transaction/exchange. I don't see any wrong with the bitcoin/cryptocurrency but the wrong can be with the business system we already have functional for the bitcoin to come thrive in too.

Well, he definitely proof his point but the mistake most people make is that there nothing on earth which have advantage and dont have disadvantage because they are both part of everything. However, the gambling aspect is not something bad but it not everyody that meant to be gambler and ones just have to find the right one for himself and stick to it.

lmao all negative tendencies in the use of blockchain technology still exist in conventional technology. You tend to be conservative, making it as if technological progress is a threat, even though the threat itself is always there for a long time, just how the gap of crime can be minimized. anyway gambling, betting and casino cannot be said to be a crime, because the game is a choice, no one forces you to play gambling like that, maybe you should analyze with a better example

It  depends on how you will apply it in your daily life.  It is not all in a negative side . Some people just wanted to play casinos for just past time , especially  rich people . It is not bad anyway because bitcoin become more sellable. They used bitcoin because it is easy for them to come up in any kind of transactions and cheaper. Both bitcoin and blockchain  technology somehow  give enough financial freedom for everyone without  any interference of the middlemen.

We have to thank for the emergence of this blockchain, technology that has changed the world and people who know it. Many people get rich with this technology and many go bankrupt.
Ugliness that happened because of the intention of its users. Now many are adopting this technology. More useful indications for all.

I don't see gambling or online betting as a bad purpose for blockchain since there are very reasonable fee when entering that kind of industry and sees nothing wrong if you earned your money in a legal manner. Blockchain is very innovative invention and it shows how applicable it is on unexpected things like online gambling and betting. We are on technology age and there is no question for that.

Gambling is not be considered as bad activity, maybe people wants to remove their stress by playing that, so dont include gambling as bad activity, the most evil activity is those who use bitcoin (cryptocurrency) for underground transactions such as drugs, firearms, pornography,  and so on, and people who heard this will gain/have negative idea on crypto rather than good.

I totally agree that the blockchain is harmless, just because you have thought wrong about it and it has reversed your thoughts and you think it's bad. As I see, everyone should learn about what they want to do before doing so not to lose in vain ::).

gambling , betting , casino -  all are legal. And, also, blockchain is being used in Banking, preventing Child and Sex Trafficking, Distribution networks, cross border payments, and all the good staffs, too. if you don't like blockchain that's your issue, but almost every country is thinking to adapt blockchain.

almost half of the use of btc is like that, therefore sometimes many do not believe in btc. because it thinks negatively about btc. btc should be used well so progress can be higher. but sometimes it is wrongly used by many people.

Blockchain has name border payment with help of cryptocurrencies which is very interest secondly all the gambling you main mention of are all legal. Anything that has advantage simply has disadvantage not because its to good or legal but because people tend to use it in an unlawful so I believed bitcoin and blockchain has really cause more good than harm.

Really? How then do you see other fiat currencies also because they have been used in doing a whole bunch of bad things even way beyond the inception of bitcoin or any other cryptocurrency. It's quite strange how people want to do anything possible just to taint the image of blockchain and cryptocurrencies. Well it won't work because blockchain is the future believe it or not!

You are wrong,  there are many users of the blockchain technology that have good intention to use it properly. It is true that there are people who using blockchain technologt in a bad way but I am sure that there are only few of them.