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

[pereira4]

It's FUD

"blockchains are anonymous" is what they want you to believe silly Shrem



"We won the war on drugs because of bitcoin"
http://zazzletheory.tumblr.com/post/63465169031/weve-won-the-states-war-on-drugs-because-of

Not so fast Mr. Roberts, blockchains are immutable which means "transparent"

which means indisputable evidence like DNA.

Saying that bitcoin is anonymous is as ignorant as saying that you can get AIDS from a toilet seat.

No one with a clue ever said "Bitcoin is anonymous", it's all about how you use it. It can be as anonymous as it gets, and it will only get more anonymous in the future. Once Darkwallet, Zerocoin etc get released, plus the incoming confidential transactions etc... it will be pretty anonymous for those that want that extra.

[neurotypical]

It's a good sign...

just look at the internet early days, remember when if you used the internet in the mid 80's you were a criminal, outcast, geek, weirdo.. whatever?
When you are something that is against the current train of thought and you can see potential behind it, you are on the winning team.

[QuestionAuthority]

I love it. I can't wait till I can add Bitcoin to the list of things where I say, remember when.........

[Eastwind]

US dollar is also used in many criminal activities. Does it have negative reputations?

BTC is used 90% by the "black markets"(which includes HYIPs aka "Forex") . Without them, BTC would not exist or its value would be almost zero.

I use bitcoin only for good causes.

[LFC_Bitcoin]

I guess I feel annoyed, frustrated, maybe impatient. I've got a fair amount of money invested in bitcoin & my holdings are currently at a loss USD value wise compared to what I initially invested.

Bitcoin will either succeed massively or die, I don't think there is any middle ground. We should know which way the scales tip within 5 or so years.

[Febo]

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?

With most people i talk dont really think of Bitcoin that way. Biggest reason why they dont trust it, since they believe if our government print money, that means they take profit, so sort of the community. With bitcoin, someone else take profit. I guess electricity companies.

[prodigy8]

I feel good and bad at the same time,
Bitcoin is just a form of payment methods, and it can be used for anything like fiat.
You can scam, steal or any bad things with fiat money too, so need to state that bitcoin is illegal activity.

[Q7]

Actually it has nothing to do with bitcoin. If bitcoin can be used for ilegal activities so does fiat but why singled out bitcoin as the culprit. All these are because people do not get enough information and thus speculate on their own. The media are also partly to blame for all this but for them as long as the news sells it is good enough.

[n2004al]

It's a good sign...

just look at the internet early days, remember when if you used the internet in the mid 80's you were a criminal, outcast, geek, weirdo.. whatever?
When you are something that is against the current train of thought and you can see potential behind it, you are on the winning team.

This reasoning is not always right. You may not be able to understand or see well. In that case you are from the part of the losers. This is an overvaluation of the proper capacities.

But even when your reasoning could be right and you are alone the others will see you as a different (the best of cases) will leave leave you always alone. And being alone you can't do nothing. So the bad reputation cannot not always can be a good sign.

The bad reputation take away from bitcoin all the good things and this is wrong. Bitcoin need for those. Alone cannot be made nothing.

[maokoto]

As for reputation, I do not like to be told "that is very risky" (with a glance at me that seems to tell I am involved in criminal activity) when I tell someone about Bitcoin. It is as if people thought that Bitcoin are illegal per se due to what they have heard in the news.

Some success stories of NGOs or people helping other with Bitcoin would be good in order to change that.

[Daniel91]

I don't care really.
I'm stubborn person and always doing things in my own way .)
When bitcoin becomes mainstream and its value increases significantly, I will laugh to all the skeptics who did not listen me and join when I invited them.

[jaberwock]

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?

Bitcoin is not anonymous, there are some ways that your addresses may be linked to your identity if people with power really want to. Of course most of the times they don't so you are more or less safe.

To buy BTC you will have to use an exchange or buy from someone, so you'll leave traces behind.

If you earn lots of BTC you'll have to use banks accounts and probably will buy expensive things, so you will leave traces behind

And cash is much more used to buy illegal things, I've never heard of a big BTC stash found with a big druglord

[Operand]

Despite all these "dark" services and products that can be purchased with BTC that culminates in a supposed negative reputation, it shouldn't really overshadow its positive values; think about how much the field of cryptocurrency has evolved throughout its short history and the lives it has changed, its almost like a financial revolution. It's reputation has grown to the point where even a university in the UK has opened up an institute dedicated for crytocurrency too.

[Eastwind]

When bitcoin is regulated properly, the reputation will improve further even though I think bitcoin has quite good reputation now.

[codishmumu]

When bitcoin is regulated properly, the reputation will improve further even though I think bitcoin has quite good reputation now.

I don't want it to be regulated.

[codishmumu]

Despite all these "dark" services and products that can be purchased with BTC that culminates in a supposed negative reputation, it shouldn't really overshadow its positive values; think about how much the field of cryptocurrency has evolved throughout its short history and the lives it has changed, its almost like a financial revolution. It's reputation has grown to the point where even a university in the UK has opened up an institute dedicator for crytocurrency too.

Cool. Links please?

[Amph]

When bitcoin is regulated properly, the reputation will improve further even though I think bitcoin has quite good reputation now.

I don't want it to be regulated.

well it's already regulated in some country, and we are not certainly in position to decide, but if regulation will help adoption, why not?

despite the regulation there will be always a way to avoid tax, it's actually impossible to regulate bitcoin at 100% no matter what they do

[Pab]

 i dont care about it,people dont know about bitcoin,mainstream media are delivering only some news to read them,there is more easy to sell bad news.You can ask ordinary peopleabout btcandwhat they think about fiat money,printing,frauds,speculations,about btc thay mostly dont know,,dont know is not bad reputation,fiat money,thay want them

[Hellacopter]

 i dont care about it,people dont know about bitcoin,mainstream media are delivering only some news to read them,there is more easy to sell bad news.You can ask ordinary peopleabout btcandwhat they think about fiat money,printing,frauds,speculations,about btc thay mostly dont know,,dont know is not bad reputation,fiat money,thay want them

Yes many people still till now even without any idea about what's Bitcoin currency, it's not so famous like the other currencies, till now at least, and then we can't talk about "bad reputation" of Bitcoin

[jeffthebaker]

Bitcoin, or rather the community backing it, hold an extremely poor reputation with the rest of the internet and the rest of the world. I actually just posted about this in a similar thread, I'll paste the comment for those interested in the elaboration:

I think a big thing that's stopping people from giving Bitcoin a shot is the public's perception of the community that backs it. The average joe either doesn't know what Bitcoin is, or sees it as internet money used to buy drugs and weapons. The rest of the internet sees Bitcoiners as a cult and generally regarded as the laughing stock of the internet.