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

[MrsHash]

when we are talking about bad reputation of Bitcoin, it is not completely correct in my opinion. Bitcoin as other money simple cannot be secure for 100% and never will. Because it is money. And the money is one of the reason why people commit crime. people commit lots of crimes because of fiat money, but we are not saying that  is a reason do not use them or they are less secure.

[1715281977]

1715281977

[1715281977]

1715281977

[MrsHash]

It's always good news, everything big starts in the edges of legality. Then suddenly, the mainstream media will slowly become less negative with it. Case in point:



So don't worry, only destination for Bitcoin is success.

Thanks for this  info, I am really interesting to read it!

[Omikifuse]

But how transaction spam would be dealed with a giant block size?  There are several instances of blockchain adversment spam in the past 2 years.

[Slark]

We can't deny that a huge percentage of Bitcoin market share and movement comes from illegal activities. Also there has been major scandals, cyber heists, etc. I think these two are more than enough to make people afraid of using it, but not because of fear of criminals but because it sounds too complicated and technical to use, and it really is, not for us, but working decimals and weird qr codes . Just using a wallet that you have to keep ultrasafe or it will be hacked is enough to scare off most common folks.

Yeah, Yeah... and more than 90 Percent of US banknotes are tainted by cocaine. You can event see specific data here:

Cities and cocaine
Bills turned up positive for cocaine in these percentages in certain cities:
100 percent: Detroit, Michigan; Boston, Massachusetts; Orlando, Florida; Miami, Florida; Los Angeles, California

88 percent: Toronto, Canada
77 percent: Salt Lake City, Utah
75 percent: Brasilia, Brazil
20 percent: Tokyo, Japan; Beijing, China

CNN Report: http://edition.cnn.com/2009/HEALTH/08/14/cocaine.traces.money/

[cjmoles]

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, bitcoins are 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.

Now I'm concerned.  So, what you're saying is that there's somebody out there who can attach my identity to my Bitcoin wallet?  Or, are you saying that just the transactions on the ledger can be traced back to a device that my wallet was on?  Or, the transactions can be traced to an IP that a device my wallet was on was connected to somewhere?  None of that changes the fact that bitcoin has a bad reputation but it does make me feel better knowing that at least somebody knows who the bad guys are out there so bitcoin users wont be blamed in toto.

[ranochigo]

-snip-

Now I'm concerned.  So, what you're saying is that there's somebody out there who can attach my identity to my Bitcoin wallet?  Or, are you saying that just the transactions on the ledger can be traced back to a device that my wallet was on?  Or, the transactions can be traced to an IP that a device my wallet was on was connected to somewhere?  None of that changes the fact that bitcoin has a bad reputation but it does make me feel better knowing that at least somebody knows who the bad guys are out there so bitcoin users wont be blamed in toto.

Bitcoin is never designed to be anonymous. They are at most designed to be pseudonymous. They can't be tied to you unless you publicly reveal it. Sybil attacks can risk your identity but Bitcoin Core connects to node that are /16 IP blocks apart which reduces the risk. SPV clients don't do so.
The media saying Bitcoin is bad does create a negative mentality about Bitcoin in the general public if they do not do their own research. This could hinder the adoption rate but isn't too bad as many people would gain a vague knowledge of the existence of Bitcoin.

[Eastwind]

But how transaction spam would be dealed with a giant block size?  There are several instances of blockchain adversment spam in the past 2 years.

We may ask the miner to charge higher fee for these kind of blockchain advertisement spam. If they pay higher fee, these advertisement will be published.

[n2004al]

Well I don't fell anything yet, Because I don't have bitcoin.

Do a high probable favor to yourself. Take the money of one of the coffees you take with your friends every day. So take a coffee less in a day. Leave without eating only one of the lunch taken out of home with your family within a month. So eat in you home and not in a restaurant. Then don't go at the cinema with your family to see movies for only one month (there must be four or five times accepting that you see a movie every weekend). If you will do so for sure will have the money to buy 1 bitcoin. Do the above things and with the saved money from the above actions buy 1 bitcoin. Put it in a wallet and forget about it. Remember about it after 20-30 years. If not you (if your are already old) but your children. You (or them) will have with the change of it all the needed money to do all the thing i mentioned above. Not the missed ones but for all those for a full year. At least those.

Imagine what you can do if you will have more than 1 bitcoin.

[TheGr33k]

Actually, I think the reputation is getting slightly better.

[bearex]

I believe it is not so anonymous. I mean, cash is also anonymous, so i dont feel the negative reputation (at least your point-wise) would affect it.

[cjmoles]

I watched a clip on the BBC last night that claimed that the Bitcoin community is full of scams, drug dealers, thieves, and terrorists.  They reported that the EU had a closed door meeting scheduled for today that was looking into the allegations that Bitcoin was used to fund the recent terrorist attacks in France.

Now, I really hate to admit it...but the report is not too far from the truth.  The Bitcoin community IS running rampant with thieves and scam artists.  It's a fact!  Now...I don't know what the solutions are or what affect the negative reputation will have on Bitcoin's future....but.... I do know that we need to, some how, come together and start policing ourselves before the project fails.  Everything needs some sort of governance, rules of order, procedures that could be enforced by the people....for the people....to protect the integrity of the whole community.  I don't know what those "rules" would entail but I do know that there are some smart people out there who might just be able to come up with something if they put their minds to it.

[_Miracle]

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

Like this:

https://www.youtube.com/watch?v=JkhX5W7JoWI

Money – Pink Floyd

Money, get away.
Get a good job with good pay and you're okay.
Money, it's a gas.
Grab that cash with both hands and make a stash.
New car, caviar, four star daydream,
Think I'll buy me a football team.

Money, get back.
I'm all right Jack keep your hands off of my stack.
Money, it's a hit.
Don't give me that do goody good bullshit.
I'm in the high-fidelity first class traveling set
And I think I need a Lear jet.

Money, it's a crime.
Share it fairly but don't take a slice of my pie.
Money, so they say
Is the root of all evil today.
But if you ask for a raise it's no surprise that they're
giving none away.

[Sturgeon]

i like coindesk release this
i hope more good news release

Bitcoin, Paris and Terrorism: What the Media Got Wrong

[acroman08]

not really worried about it, its normal for any currency to have a bad reputation it is inevitable.
as for btc being use in illegal transaction thats normal too every currency is being use in
some illegal transaction the only thing btc stands out is because of its anonymity.

[error08]

bitcoin is digital money that is used freely, it is not surprising if there negative news, I think it's only natural that bitcoin currentcy are always so negative news

[neochiny]

I dont really think about it many people have a different views in bitcoin some people think
it is good and some are bad which is normal, every currency has that reputation, even with
the recent issue involving bitcoin with the terrorist it may have a negative effect to bitcoin
but it wont affect the btc currency itself.

[hedgy73]

The reputation of bitcoin with the general public is in the gutter right now, I don't think it can go any lower. In fact I'm embarrassed to even mention to people its an interest of mine in case they think I'm into it for the wrong reasons .

[Jeremycoin]

Great thing has a great impact too, it can be good and can also the opposite.
Bitcoin is a big invention that has a big impact on the financial world.

[TTMNewsMJ]

It is not important for me the bad reputation of bitcoin.
All I know is bitcoin helps me a lot in many ways.

[makcik]

I have numerous times tried to explain people to NOT CONNECT BITCOINS WITH CRIME OR ANYTHING ELSE. Bitcoins are like guns which are good if used properly and may prove harmful if used wrongly. And as far as criminal cases through bitcoin are concerned. They don't happen everytime. Those cases are way too old and connecting same thing to all criminal attacks is hell absolutely wrong. We people enjoy our privacy, we love to do things online. This doesn't makes us criminals. Stop connecting bitcoins with all these.. And by the way, bitcoins aren't the only digital currency.. So think before you point the finger otherwise you may get it broken. -_-