Bitcoin Forum

Bitcoin, technology that does miracles.
All of us know that Bitcoin is a new technology based on blockchain, but what can be done by Bitcoin? well, first of all, more than hundreds of thousands online shops all over the world accept Bitcoin as a money to buy their products with, secondly, you can transfer as much as money you want without the interference of central banks. this causes many people think of it as a miracle.
You don't need any permission and also no written contract or signature from anybody to own millions of dollars in Bitcoin, this means that you can easily convert millions of dollars to Bitcoin assuming that you know how and easily you can hide all of those money from the records and you would be able to avoid paying some of your taxes without actually doing anything illegal because nobody can prove that you have all of those money if you don't tell them. Bitcoin would give you complete financial freedom, no doubt.
The other point about Bitcoin is that you don't need any Swiss bank to hide your money if you don't want anyone know about how much money you have. you would be able to carry millions of dollars on a piece of paper and no one knows anything about it.

This must be said that many illegal jobs which are crimes in most of the world has become easy to do because of Bitcoin, in fact
This is one of the disadvantages of this electronic currency, another disadvantage is the fact that you or anyone else can do
Money laundering without fearing of the law, you can blackmail and no one can follow your transactions back to you. all of this
Doesn't mean that Bitcoin is bad.
What makes Bitcoin a miracle is that you are your own banker, doesn't make any difference how much you have, if you deposit
A large sum of money in a bank, they start asking many questions that no owner of Bitcoin has to answer them.

You could achieve that even without bitcoin, You could hide your money somewhere without anyone knowing about it but that comes with the risk if someone finds the money, With bitcoin it would be easier to keep your money safe.
If you deposit a large sum of money in a bank they would pay you interest, No bank would ask any questions, Governments would only know how much money you have if you deposit them in banks, You are trying to make bitcoin sound like a real miracle, Which could be for so many people :D I know I promised you some merits for constructive post but this is something we all know, There is nothing new, Maybe this could be useful for noobs.

I agree with everything mentioned above about the use and the benefits of Bitcoin and blockchain technologies. Also I want to point out the number of jobs that are created due to this technology. Many people find their way out of unemployment and their earn an income due to this industry.

I merited the OP after reading your post, he doesn't have a paid signature as well :D About the number of jobs, I don't know if cryptocurrency is a good option to pay people with, I was discussing the same subject in my last post, You could certainly use bitcoin or any other crypto as the payment to pay your employees with but with the volatility and fluctuations of prices it would be better if you could pay them with fiat and they could buy bitcoin with it.

The creation of bitcoin and blockchain is another result of our todays technology.These technologies offers a variety of convienience of transactions over the internet via a blockchain which dealt to people who uses bitcoin around the world.Bitcoins and blockchain opens a gateway for unemployed people to have an income and also make an investment unto it.

It's a bit of a misconception that Bitcoin is used for illegal activities. It used to be that way in the early days and on the dark web but things have changed now. You see more money laundering from real estate than you do from Bitcoin.

So, are you giving merit away?  ;)

As for paying people in crypto, if they're willing/wanting to get paid in Bitcoin then I think employees should oblige.

DT and moderators should look around this thread and the first two posters who have quoted here on this thread. These seems alt accounts and shared the merits on his own thread which is copied from Google search.

Kindly check the thread and take action against it if you find these both are same person. OTHERS PLEASE DO NOT MAKE POST AND GET INTO THE PROBLEMS.

Back then when cryptocurrency has been created for the first time in 2009, bitcoin, many peoples were ignoring new technology called cryptocurrency.
And now you can see bitcoin value has gone very high in the market. The lesson i got is, we must open to any kind of new technology.
Not just ignore it, instead we can learn and study them, and decide we use it or not.

first of all you can't call it a disadvantage because bitcoin is just a tool and is being used by all kinds of people just like anything else. each object in our lives has a real purpose but it is used for many things but they don't define it and they are not considered disadvantages.

also i would disagree with calling it "became easy" because it is not at all easy since bitcoin transactions are traceable  compared to using fiat for instance so imagine you launder money using bitcoin. instead of hiding your tracks now you have a big footprint on the blockchain for everyone in the whole world to see!!!

Shit posting fuck, who let you in a campaign to post off topic? I dare you to find something exactly like my post by searching

In google.
Mixers can solve the footprint problem.

What you posted OP, was the manifesto of a scammers paradise.  :o

Yes, Bitcoin can cross borders without restraint or restrictions of governments, but when you want to convert back to fiat, your problems will start.

Yes, you can own millions of bitcoins, but the moment when you buy something expensive or when you want to convert some of that to fiat currency, then you will have to explain to the authorities, where you got it from. <Lifestyle audits target>

Yes, you do not have to store your wealth in Swizz bank accounts, but how are you going to use it? The moment when I book a airline ticket, my Bitcoin transaction is linked to my real identity or when I buy that Lamborghini <I must be registered in your name>

Everything in the real world, leave a paper trail.  ::)

I happen to agree here. Moreover, Bitcoin, due to its underlying technology, i.e. blockchain, is quite risky for illegal activities since the entire system is a digital ledger, i.e. a registry of all transactions between all parties and the ledger just cannot be changed or deleted, which means every transaction is potentially traceable and you just cannot hide because of it. So, taking into account what I've said, I believe using Bitcoin for illegal activities sounds a little absurd.

There is no doubt that Bitcoin has an enormous amount of advantages, but I believe that we still need to go a few steps further and achieve real practical and massive use in all sectors of the economy.

The benefits which bitcoin brings us are amazing but it's absolutely nightmare for banks and goverment if they can't control it. Seems you know bitcoin is used for a lot of dark things. But I want to separately talk about blockchain. This technology even alone is really amazing, it's really a future because of it's features.
So I halfly agree you. You say bitcoin is miracle but others say not, we all talk from our opinion. For us, bitcoin is good, for banks/goverment it's bad, both side have right arguments too.

I don't think Bitcoin or any other cryptocurrency will be used for illegal purposes, because people who engage in illicit activities are looking for visible markets such as real estate and traditional businesses, damaging the image of cryptocurrency by a few criminals seems unfair to me.

Yeah here's an article that covers what I was talking about earlier: https://blog.bitmex.com/money-launderers-use-property-not-bitcoin/ (https://blog.bitmex.com/money-launderers-use-property-not-bitcoin/)

First, Bitcoin is not based on some "blockchain technology", blockchain was created as one part of Bitcoin's protocol. Other's have taken this part and tried to give it a new spin, claiming that it's a fundamental technology that will change the world, but in reality they are simply trying to distract investors from Bitcoin and grab money on hyped market. Bitcoin is hundreds of times more useful than any "blockchain technology".

Next, Bitcoin is not doing any miracles so far, its adoption is still low, and in the end its just money - it alone can't change the world, solve economic and social problems, make everyone rich and so on, even if everyone in the world will be using it.

Well the money laundering thing is truly a non-issue, Bitcoin isn't actually anonymous with all the big data agencies scraping and compiling databases of BTC users. Additionally, cash is 100% anonymous, you cannot reliably track it from one person to the next to avoid money laundering, tax evasion etc, so why are they villainizing Bitcoin for it? Just goes to show the guys in power really have no idea wtf they're talking about.

I agree with this. We must be aware and knowledgable of what the technology world can offer to us. We can find it very beneficial but it can also bring harm to us.

That's a good idea for the usage of Bitcoin now. Actually, we can deny the advantages of Bitcoin. As you know , Bitcoin is still illegal in several countries and even is banned. However, Bitcoin now is not taken taxes, so the governments do not make income from bitcoin. Do it become  to deficit budge ?

Ok, that's true know! But, when it will have lasted for a long time, it will make profits for the governments, will it ?

I wonder that, when I trade Bitcoin which has no interference and no contact, who or which will guarantee for my asset ? I think this is a disadvantage of bitcoin that makes Bitcoin not become miracle.

nice summary. Yes, there is money being washed through bitcoin, but still much more money is washed through fiat. There are the ways to catch those guys, especially at the ends of each transactions.

In my opinion blockchain is a blessing for us because we finally can avoid being robbed by our goverments with an inflation of fiat money. We finally have some anonymity.

Has it really become easier to launder money because of Bitcoin? I would assume that criminal organizations usually already have highly effective practices in place to launder their money.
Then there's the fact that Bitcoin is in essence a public ledger. Sure, you can somewhat cover up your tracks by using mixers, but one small mistake can lead law enforcement straight to you.

If you're laundering your money with Bitcoin without fearing the law, you're probably going to get caught eventually.

In this world, everything that has advantages must surely have it own disadvantages that is one thing for sure. You had mentioned the advantages and disadvantages. Then you also linked the disadvantages to the bank negligence which can not over emphasis. You should also note that in a country that the government is careless about it's citizen, citizens will need to find a way to survive.

Unfortunately, millions of people can still be hidden. And then no blockage will not help. And the fact that this is a revolution in the world I think we all know. It just takes time.

Yes, and I'd also like to mention here all the bounty programs and airdrops that wouldn't exist without the invention of Bitcoin. So many people even make a life of it.

For me, bitcoin is a miracle that changes my life for the better than before. Several years ago many assumed that bitcoin was a fraudulent business, I ignored their assumptions and words because bitcoin made it easy for me to transact quickly and instantly. when in early 2017 I no longer used bitcoin and kept it and at the end of 2017 prices rose sharply and I got 300% of the profit from bitcoin that I had. Bitcoin is a miracle

Actualy in my own thought bitcoin is a life and future saver and because of this,sometimes we consider its miracles into the group of people who have a dreams to move on,or bring lambo into there life,otherwise we feel struggle now due to consecutive bearish we feel it,but people still believing thats all this chaos will return soon into prosperity  and profitable.

Bitcoin technology now a days is most successful and the most popular crypto currency of the present times and not only among crypto  currency , bitcoin is very successful among other investment too and the evidence being its millions of investors who are investing a lot in bitcoin and specifically the bitcoin whales, so the bitcoin technology has brought a new revolution to the society and has opened many job opportunities for the millions of people around the world.

Well that's make complicated to bank as well as for the government. Because Bitcoin will make a huge impact on both as the private bankers are scaring us like it is not a safe one, trust me guys this is a wonderful technology for our future, where you can earn lot of money if you invest on Bitcoin. Hundreds of peoples started investing in this. Think about it.

I believe that this question is about the same thing. if you say no, it would sound absurd, as if all this technology is a farce. do you think that makes sense? that was the answer to your question.

Blockchain has already done a miracle in these years and we are writing in one of the product of it's miracle.Sometimes I wonder what more can blockchain offer to us and it suprise us again.We really need to figure out how can we use blockchain in more advanced way so that we can reach out to the people who are in need. Till now blockchain technology had help people to become millionaire or to the companies now I really want all the IT greats to figure out how can we as community can join people from all corners and find their needs.

It is a miracle in the way that it makes the money yours in full. No agencies or banks can watch it and control it. You can do whatever you want with it. Travel around the world without declaring it or being taxed, pay whenever you like without having to wait for the bank to process the transaction. It feels great!

Yes, using Bitcoin can give you so many advantages. It is allows us to maintain privacy regarding our finances. Only the parties to contract can see your name. It does not need any credit or debit card or any such details thus minimizing the risk of hacking. We can make cross border transfer to any part of the world, where internet connection is there, with the help of Bitcoin without any legal interference.

The advent of bitcoin has fostered more illegal businesses

The magic of bitcoin lies in a system that was never thought of before, where financial transactions did not involve the government or banking. This is amazing, bitcoin breaks the run money theory wherever it can be traced. It turns out that bitcoin can get rid of everything. So, there is a good side but there is also a bad side. The government must be more rational in looking at bitcoin and immediately find ways to get bitcoin users to be taxed, because taxes are a source of state revenue.

I would not say that Bitcoin is a miracle but an innovation. We are moving forward, everyone is responsible for their money without intermediaries. It is true that when someone wants to send a sum of money by western union we must always explain why. The government controls all our transactions and that allows them to have control of the country. Now with Bitcoin, all this will be history. We can now send any sum to another person without anyone knowing. It is an innovation in the freedom of people. Banks and governments are still trying to block Bitcoin but I think it's too late and that's why they're looking for new rules to get some control over what's going on.
Long live the Bitcoin and long live the Blockchain

During the first 10 months of the network's existence, from January to October 2009, bitcoin had no market value at all.  And yet, several hundred people continued to work on this project, corrected errors, tested the network, invented new ways of using it.  Then, one fine day, in the history of bitcoins, an important turn took place.  October 5, 2009 bitkoyn first acquired a tiny market value.  This was the first, timid sign that the system would work.  Let me remind you that at that time few people believed that, in principle, it is possible to create a new world currency from a single computer code, beyond all banking structures, not provided with either material resources or government support, without capital investments, without eminent personalities  and the institutions that stand at its source.  And, nevertheless, this currency arose, on that most significant day, like a small sprout, breaking through the ground, as if in a sign that this miracle is breathing and will grow.  And bitokoyn grew!  Nothing is able to drive me crazy more than idle reasoning that bitkoyn is a failed experiment, since its present value is still below the maximum of 2 years ago.  The very fact that bitkoyn has a certain market value is amazing.  The fact that in his time he equaled the value with the dollar - an exceptional case.  And the fact that he became an island of freedom for the world, chained in a chain of monetary laws - is nothing but a miracle.
 And again bitcoi spreads its wings and is ready to help - when Greece is in crisis, if the euro falls, and the stock exchanges in China are crumbling.  Previously, economic collapse forced people to seek salvation in the yellow metal.  But recently even gold began to fall in price constantly.  Indeed, the price of gold increasingly depends only on the sphere of practical application and is no longer associated with money - it is a dramatic change after 6000 years in the status of a true embodiment of the idea of ​​money and armor, protecting against uncertainty.  And now, young digital technology - a distributed register that operates with virtual accounting units - already has a proven means of accumulation over the centuries. Not only one bitkoyn found himself in a favorable position in conditions of financial instability.  Many crypto currencies have strengthened against the background of deplorable events in the economy - even Dodgkoyn, which was conceived as a joke, and now its market capitalization is about 20 million dollars.  The same applies to light currency, the exchange rate of which is $ 5/1 today.  Praise the light-haired, it is still growing, albeit in the shade of bitcoins, but this is not so significant.  If bitcoin did not exist, lightcane would be considered a miracle of technical thought.