How do you feel about the negative reputation of the bitcoin currency?

[codishmumu]

As I'm sure you all know, Bitcoin is a currency that allows users to make money or send money anonymously, with little to no concern of the government taxing your hard earnings, and not being able to know what a trade is revolved around. Bitcoin as of now has a reputation of being a dangerous asset to the world of illegal transaction (theft, scams, and overall illegal activity). There has been proof that bitcoins and other currencies similar such as altcoin and so on have been continuously tied to illegal activity.

My concern as an interested participant in the act to make this currency a well occupied currency is being threatened and truly compromised by people who still to this day sell and purchase illegal substances, and services. I constantly read people's trust commentary pages on how some users are "pedophiles" or sell stolen property. My only wish is that we get our acts together as adults, and prove to society that we are not criminals. We are just people that enjoy our privacy, enjoy being what we want, and enjoy freedom. Thank you.


Your thoughts?

[RodeoX]

Bitcoin is just money, and money always attracts the greedy and a criminal element. There is nothing special or different with bitcoin. You must pay taxes on bitcoin earnings or face the same penalties as any tax cheat.
That's how I see it as an American. However if I lived in a shitty dictatorship I would see bitcoin as a way to get justice by evading the government. If i lived in a totalitarian country I would see bitcoin as a financial liberator. Bitcoin is not a tool to judge social benefit or make a moral statement. It is just money.

[codishmumu]

Bitcoin is just money, and money always attracts the greedy and a criminal element. There is nothing special or different with bitcoin. You must pay taxes on bitcoin earnings or face the same penalties as any tax cheat.
That's how I see it as an American. However if I lived in a shitty dictatorship I would see bitcoin as a way to get justice by evading the government. If i lived in a totalitarian country I would see bitcoin as a financial liberator. Bitcoin is not a tool to judge social benefit or make a moral statement. It is just money.

That's a great commentary, but I think you're missing the point of my post.

[dothebeats]

Meh, we enjoy freedom and privacy, but the 3 billion-dollar question is, do the governments, banks, and the media respect it? No, no they don't. As long as they can get something into their pockets, they don't care what reputation they might damage just to get their goals. And do they think that bitcoin is the only money that is tainted with illegal activities? They're just blinded because fiat has a lot to offer to them, and has a lot of potential to make them rich.

My thoughts? Illegal activities are diverted towards bitcoin and is stressed upon while the wrong-doings in fiat is just ignored by the masses because of the governments, banks, and the media.

[codishmumu]

Meh, we enjoy freedom and privacy, but the 3 billion-dollar question is, do the governments, banks, and the media respect it? No, no they don't. As long as they can get something into their pockets, they don't care what reputation they might damage just to get their goals. And do they think that bitcoin is the only money that is tainted with illegal activities? They're just blinded because fiat has a lot to offer to them, and has a lot of potential to make them rich.

My thoughts? Illegal activities are diverted towards bitcoin and is stressed upon while the wrong-doings in fiat is just ignored by the masses because of the governments, banks, and the media.

There's little we can do until we find a perfect outlet to make the currency look 100% innocent.

[n2004al]

I am indifferent about this opinion. Have no reaction in me because I know bitcoin as needed to know and understand that this epithet is untrue. Then I try to understand to whom have such opinion that him has wrong. If the discussion make sense (so if the other have interests to known and understand the true) I continue to discuss until the moment on which I understand that is in vain to go further. It is not my problem if I arrive results with my explanations. I have my bitcoins. The other part not. If will understand the right the other part will try to have those and I have arrive my aim. If not the other will not have bitcoin and this is his problem.

[dothebeats]

Meh, we enjoy freedom and privacy, but the 3 billion-dollar question is, do the governments, banks, and the media respect it? No, no they don't. As long as they can get something into their pockets, they don't care what reputation they might damage just to get their goals. And do they think that bitcoin is the only money that is tainted with illegal activities? They're just blinded because fiat has a lot to offer to them, and has a lot of potential to make them rich.

My thoughts? Illegal activities are diverted towards bitcoin and is stressed upon while the wrong-doings in fiat is just ignored by the masses because of the governments, banks, and the media.

There's little we can do until we find a perfect outlet to make the currency look 100% innocent.

As long as it's related with money and has value, it will never be fully clean because it can always be a medium for illegal activities and the likes.

[7788bitcoin]

Bad reputation is slowing down the adoption of Bitcoin by the layman who do not understand that bitcoin is of no difference from fiat.

[LiteCoinGuy]

i dont care. educate the people.

[dothebeats]

i dont care. educate the people.

We need more educators and advocates for this cause. The media could easily brainwash people no matter how hard we instill to their minds that bitcoin is the way to go.

[Kprawn]

Every person who believe this, should react on any fud being spread about Bitcoin. They should be more active than the shills doing this and they should provide counter arguments for

all of these false accusations and bullshit statements. This is the only way to stop this reputation from growing into a unmanageable problem.

Yes, there are scams, but there are scams in any other payment method too.. just get over it, and use it legally and show other how to use it legally too.   

[Snail2]

I don't care about the reputation of my money. The only question is "Can I use it for something useful or not?" (Please note that I consider "gambling" on altcoin exchanges as something useful .) BTW talking about reputation in the case of money seems to me a bit of stupid thing .

[doublemore]

As I'm sure you all know, Bitcoin is a currency that allows users to make money or send money anonymously, with little to no concern of the government taxing your hard earnings, and not being able to know what a trade is revolved around. Bitcoin as of now has a reputation of being a dangerous asset to the world of illegal transaction (theft, scams, and overall illegal activity). There has been proof that bitcoins and other currencies similar such as altcoin and so on have been continuously tied to illegal activity.

My concern as an interested participant in the act to make this currency a well occupied currency is being threatened and truly compromised by people who still to this day sell and purchase illegal substances, and services. I constantly read people's trust commentary pages on how some users are "pedophiles" or sell stolen property. My only wish is that we get our acts together as adults, and prove to society that we are not criminals. We are just people that enjoy our privacy, enjoy being what we want, and enjoy freedom. Thank you.


Your thoughts?

My thoughts are everything is going to plan... when the internet first came out it was a dangerous place full of porn and good for nothing.  The mainstream are always slow to catch on and bitcoins start is looking just like the internet.

[codishmumu]

As I'm sure you all know, Bitcoin is a currency that allows users to make money or send money anonymously, with little to no concern of the government taxing your hard earnings, and not being able to know what a trade is revolved around. Bitcoin as of now has a reputation of being a dangerous asset to the world of illegal transaction (theft, scams, and overall illegal activity). There has been proof that bitcoins and other currencies similar such as altcoin and so on have been continuously tied to illegal activity.

My concern as an interested participant in the act to make this currency a well occupied currency is being threatened and truly compromised by people who still to this day sell and purchase illegal substances, and services. I constantly read people's trust commentary pages on how some users are "pedophiles" or sell stolen property. My only wish is that we get our acts together as adults, and prove to society that we are not criminals. We are just people that enjoy our privacy, enjoy being what we want, and enjoy freedom. Thank you.


Your thoughts?

My thoughts are everything is going to plan... when the internet first came out it was a dangerous place full of porn and good for nothing.  The mainstream are always slow to catch on and bitcoins start is looking just like the internet.

Actually, the internet was at first created for doctors to transfer and share information.

[Ceizer54]

Bitcoin is generally attracted by criminals due to its awesome features like anonymous,No fees,No taxes,No government issues,No chargebacks but that doesn't mean everyone using bitcoin is criminal..
If some people think that way that people using bitcoins are greedy,thiefs etc then that is there fault they do not know much about bitcoins..
I would say everything in the world,including bitcoin has it's pros and cons..If bitcoin has negative side then it do has positive side also and it depends on you which side you stand

[BitcoinBlackjack]

I'm definitely hoping that with time, the reputation will get better and better.

We need more stuff like this to start happening:
http://www.efinancialnews.com/story/2015-08-20/nasdaq-our-plans-for-the-blockchain-fredrik-voss

[erikalui]

The anonymity is the advantage as well as disadvantage of bitcoins. Where we are free from being taxed using bitcoins, it comes with a fear as well. Whenever I transfer BTC to my account, I need to keep checking if there are any issues with the transaction or my account as many exchange websites are shutting down due to the use of bitcoins. Many have said that users need a license to trade in bitcoins and I don't want to be in any kind of trouble as I don't use my bitcoins to gamble or to fund any illegal activity.

[RodeoX]

Bitcoin is just money...

That's a great commentary, but I think you're missing the point of my post.

Sorry I'll try again then. I really don't care about what others think of bitcoin.  
For me it is the fastest, cheapest, and most secure way to move money. That is more than enough to make it the only money I use online. I will use it as long as I can and expect that will be the rest of my life.

[QuestionAuthority]

Bitcoin is just money...

That's a great commentary, but I think you're missing the point of my post.

Sorry I'll try again then. I really don't care about what others think of bitcoin.  
For me it is the fastest, cheapest, and most secure way to move money. That is more than enough to make it the only money I use online. I will use it as long as I can and expect that will be the rest of my life.

Aren't you concerned that the utility you value so much will be lost if only a few people are left using it?

[RodeoX]

Bitcoin is just money...

That's a great commentary, but I think you're missing the point of my post.

Sorry I'll...

Aren't you concerned that the utility you value so much will be lost if only a few people are left using it?

Yes. lol. There are no guarantees of course, but I think we are past the infancy stage and it will take a lot to kill bitcoin now. To date I have never even seen a viable way to kill it. So I'm just not worried about price or the future at the moment. I feel like the war is over, and brother, we won!