Bitcoin Forum

Every tools that was invented or will be invent in the future will be used wrongly,the point people are not getting is every successful invention can be used to do bad things,stop saying cryptocurrency scam is increasing and leaving banks hacks & scams out of it,cell phones & smartphones was build for humans to make communication easier for us but still scammers are using the tech to do terrible things like terrorist attacks,online romance scams etc,my point is no matter how good an  invention is bad people will use it for their own benefits.

The code (Blockchain and crypto) can't be blamed but the party that must be blamed is the user. I agree about that and so many parties are putting crypto as the main thing to be blamed but they forget the human was a party that can use it for good or bad things.

Every invented tech is dangerous only because of dangerous people, guns,swords,smartphones can be used to take life and at the same time they can be use to safe lives too,people kill people for money and other valuable things so till the end of time there will always be good and bad,this is why I dont take trump serious because he is not thinking straight

The problem is not in crypto or blockchain technology so that we cannot blame them. But in the person, the team/people who do or use this technology for their benefit. Sometimes they are only focused on raising money, without thinking about the future of crypto or what the technology wants. Moreover, there are many scammers who often make people disappointed and afraid to invest in crypto or blockchain technology.

you have a point, and I now the media shifted every attention to cryptocurrency talking about the hacks and stolen money and the banks thinks it's good for them. No one talks about the scam in the banking system because they all cover it up

Scammers will always go where the money is, if cryptocurrencies are more popular and there are more crypto users every day, scammers will try to take advantage of it, adapting their tactics and targeting crypto holders, it's inevitable.

Yes. Every tool can be used in good or a bad way. But we are always improving on ourselves. And we sometimes have to compromise in order to get things in order. The friction between local governments and cryptocurrencies cannot continue indefinitely so we need to come to a mutually agreeable point.

I think no one blames the blockchain, or it is done by people who do not know enough about cryptocurrencies, we need to try to understand where a good project is and where it is scam.

It's just hard to stop these people who are solely living their lives with that kind of purpose. They can adapt and use every single technology that has been made for good things but they are reversing the use it for their intention.

People that who doesn't understand what cryptos and blockchain technology really are will look and depend to those bad news that are being published by the media.

bad people and scams are present in all parts of our life, but the media simply underline cryptocurrency because its development is not profitable for modern financial instruments

and because of that, all crypto believer should becarefull
choose the right project to invest by doing a deep research first before before drop our money  ;)

The risk is the people who were trying to do some illegal works when there are some new they are using its weakness to make some money on it, the inventions are always there together with the dark side of the people who were trying to do illegal.

All depends on how you use it, any technology has positive and negative values, including cryptocurrency. We can use a lot of positive things, but if someone uses it for a crime I think it's not the fault of the technology. I respond with very positive thinking. 8)

It may not be the fault of the gun if some mental nutjob shoots 100 people with it. However, the technological advance of the gun means it is actually possible for a nutjob to kill 100 people at once, whereas with a knife the damage would be far less. You can't expect a scorpion to not be a scorpion, and many people are just bad to their core so don't give them a gun or the financial equivalent.

I will never blame cryptocurrency and blockchain,
 we should be thankful to it as a new technology will change the world's currency.
Which FIAT can't give us even forever!

The problem is we started off at the wrong foot when bitcoin was used in the black market for drugs and illegal activities. That is the image retained to those who are not exposed to cryptocurrency and do not fully understand bitcoin or blockchain. And then scammers are rampant in cryptosphere. Bitcoin can be used in good and bad things but in here the bad side is the one always exposed to the public. It is just a matter of exposing the good side of bitcoin more.

This is so true. People murder others with tools. Tools are designed to perform work more easily. Sometimes one person murders another with a tool. Do we blame the tool? Bad tool!! Naughty tool??
This is just blame shifting and dodging responsibility. You can only blame humans. If you mess up you can't blame something else. People will blame everything else before themselves since most people cannot deal with being wrong because they're foolish.

we can always weigh the advantages vs its disadvantages. blockchain being used by many companies today including the coming facebook libra, its clear now that it has offer more benefits. the government for now may see it as a thread but if they start using it soon, they will see its advantages too. but there's always the bad sides just like any stories, the negative sides of it like the scams makes it more interesting for the scambusters.

Scammer and corrupt people are in every sector not just cryptocurrency alone, every sectors including finance, health and banking sectors have seen hackers steal lots of funds and datas, It will be highly unreasonable to criticise cryptocurrency and blockchain technology for these acts.

We can’t blame crypto currency and blockchain truly, but it is upto users to up their game
Seek knowledge and don’t forget the lessons from bad trades

Avoid cheap offers as well as spammy emails
Alexa’s dyor

Yeah. It is all about how we use the technology. Cryptocurrency was created for us to have an alternative mode of payment and reliable transactions system. Blockchain Technology promotes security and transparency. That is why it has so many uses and future benefits. Let us continue on supporting these things and use it wisely.

There have always been two opposites in the world on which our world stands. Light and dark, creation and ruin. Therefore, anything, even the simplest things can be applied for good or for evil. The remedy can also be killed if used improperly. Cryptography also behaves in the same way, therefore it cannot be judged unequivocally.

Until the end of time there will always be haters of block chain technology and bad people will use any means necessary to get what they want

I am happy and i love the point of view of the original poster of this thread. You can buy a laptop from any company, that is no crime, but how each user uses it is what differentiate a scammer from other people. Cryptocurrency on its own is harmless but how each person use it is what matters

What you are pointing out is the society and it cant be changed not unless a miracle is happened. Technology are part of the changes we ecounter daily and every opportunity, there are two types of people who grabs it on a different way. One makes a hard effort just to take that opportunity in a legal way and one grabs that opportunity to scam people who makes effort on something new like cryptocurrency. We cannot change all of these people but we can have our technology be more secured to prevent them.

This is true and good perception towards things and tech as a whole. Blockchain has proven its worth and value since we're seeing tech giants/big companies getting into crypto and use blockchain to improve their system as a whole. This is why I fully support legitimate blockchain projects (http://www.hpb.io/?utm_source=lx) that help reduce costs of maintaining the networks, transaction fees, and electricity usage. Which in result will help the environment in the long run. But at the same time, there will be people who will always look at crypto in a bad way because of previous experience such as them getting scammed or hearing stories of how it's being used in the black market.

I don't think i can agree less with you. Every good thing has it's merit and demerit, bank are being asked now and then, as a result of this bank hasn't been criticized the way crypto has been receiving backslash from people, it's high time people start seeing the positive side of crypto and not only the negative side.

This life is all about dialectics. There is no good thing created that doesn't come with an opposite. Water and fire are essential to humans but they can also cost human life. It doesn't mean we have to stop using fire or water. because they can kill. A degree of control will level things out.

The idea of cryptocurrency is to give financial power to the hands of everyone without interference from the government. But if this is done, it will give criminals the opportunity to commit crimes without trace. So I think there should also be a form of control for cryptocurrency that allows users to transact fluidly while checking for criminal activities

l find this statement really means this, I'm under dilemma in such situations, the crypto investors can not be blamed. It depends on people's beahviour. How to use it and what is the aim of doing so. l don't remember who said it, but it was something so. lt was discovered a knife to cut something, but people use it to kill each other. It is the same thing in my humble opinion.

To me, the fact that cryptocurrency has a dark side is what make the technology even worth more investing in. Although the investment has nothing to do with me patronizing the bad aspect like using cryptocurrency for drug/human trafficking or money laundering etc but because since there's a bad side to the technology there's also a good side and it's just a matter of time before the general public realized that to embrace the technology but by then it would be too late and I would love to be among the smart investor that saw that good side before others did like privacy, faster transactions, transparency etc to be among the benefiting cryptocurrency elite.

Very correct on this it's very noticeable the quickness of people to point out the ugly side in cryptocurrency and when ever a crime is done they don't give a Jack about who was defrauded or who the fraudster is but are quick to go about peddling headlines that are detrimental to crypto name.

The blockchain technology is perfect and has no undoing. The wrongs you see are from people utilizing and managing projects on it. Just like every other technology has been created to enable mankind solve its problems but how we use it to our own cause is now our responsibility

This is so true, it's high time people stopped blaming crypto and blockchain for crimes associated with it.  No matter how great an invention is, there must be a downside and that of crypto is that criminals take advantage of it, for instance recently it was reported that kidnappers requested pay in Bitcoin. 

Crypto technology becomes negative because of the many scams and hacking. But we need to realize that in every technology has its weaknesses and advantages. It's just that we need to work together to eradicate actions that can harm others, without having to destroy technology.

We can still change what people used to believe about this technology we have been part to. Not because they used crypto names in some illegal actions, doesn't mean it is actually a scam. We can show it to the people who thinks that blockchain technology is useless and fraud, that this advanced technology is amazing and can do a lot of things like digital payments and databases.

Every technology can be used for positive and negative things. With the growing popularity of the cryptocurrency market, more and more scammers, for that we must always be vigilant to avoid fraud

For what conditions we should blame the crypto and blockchain technology? They have no mistakes. They will be worthy or not depending on the team developers that create, handle, and develop them. This technology is actually damn good developed. However, some of them become not valuable or worthless because they are not unique, not interesting, and also nit promising especially for future investment.

Yes, the bad ones in the society will always turn a good innovation for evil deals. programming is a good field of study, but some persons always use it for the negative selfish gain. The same thing with drug. You really can't stop these bad guys.

You are very right about the fact that some people always like to twist the purpose of a thing for their own selfish interest. That's why people keep shouting that there is scam here and there. But that cannot by any means stop the great and impressive accomplishments made in cryptocurrency and even in the block chain. Since we are are that some people can hack or start scam project, any suspicious activity of such should be made known to cryptonaires so people can thread cautiously with that project. And in all, cryptocurrency cannot be stopped or hindered,  regardless of how much people try to crush it with all manner of malicious behaviours

bad people's who want to cheat another always exist on all sides in this world, including in crypto and blockchain tech
and maybe people who think if this crypto world was a scam, they just knew about crypto from the wrong guy mate
but, for sure if they want to learn about crypto and blockchain with the right guy, they will not blame or saying scam to crypto and blockchain technology

You are right and thanks for this post. This is the reason I don't give heed to those who say whatever they want about blockchain. They are quick to judge without taking time to study blockchain underlying tech to know what it is trying to solve.
However, blockchain has come to stay and will only keep growing.

Scammers and hackers are evolving too. They are studying and understanding the technology that lies with the trend. Those hypocrites keeps on saying that scams, hacks and frauds are increasing in crypto but they don't acknowledge on how big these incidents are happening in actual world involving the banks. We can't deny that these things really happened in crypto because it's a fact but criticizing crypto like that and keeps quiet on how these things occur in real world through the entire bank system is bias.

The usefulness of a utility is very dependent on its users. We also must always be open to changes and developments. Cryptocurrency is an innovation that is full of controversy because of the high-risk rumours that have spread. Even if we want to learn more deeply, cryptocurrency and blockchain have many benefits for the progress of civilization.

Why do we blame blockchain technology? Will it become possible for us to build a transparent network which can fill data and seen by everyone? Only blockchain technology made it possible. If there is no blockchain as well as cryptocurrency, transparency and decentralisation still be nulled till now. These two innovative ideas help us to be an open minded.