Can Bitcoin be used for Good?

[shinratensei_]

http://www.theatlantic.com/technology/archive/2016/04/bitcoin-hype/477141/

Something strange is happening to Bitcoin. Once viewed as a way to do business in the darkest corners of the web, the digital currency has rather suddenly become a favorite talking point among humanitarians and international development enthusiasts.

Bitcoin isn’t just for illicit transactions or Internet hobbyists anymore, but for helping the poor, the downtrodden, and the unbanked.

Perhaps Bitcoin can save them! Perhaps Bitcoin can save the world!

Regardless of whether this attitude is realistic—and more on that in a minute—the people focused on demonstrating the social benefits of Bitcoin are challenging existing narratives about the cryptocurrency. While early commentary focused on how Bitcoin might be used to buy drugs online, or for sending money without a paper trail; the social-good argument suggests that these uses were simply the first use-cases in which Bitcoin’s utility became apparent. But there are billions of other potential use. There are, for example, people who face significant obstacles in operating within the formal banking system—and these folks look very different from the shadowy hackers that tend to be seen as the prototypical Bitcoin user. They could be low-wage migrant workers sending money back home to their families, for example, or activists receiving money from abroad during tumultuous times.

Bitcoin can be used for good, Many people using a bitcoin become a good deed. And bitcoin it's useful become a global currency . but some people have a negative statement if bitcoin only linked with negative activity. Even though they do not know about various usefulness of bitcoin and negative or positive activity is relied on the people of intention.

[ning_chang]

Yes bitcoin can be used for good purposes like donating anonymously in a charity, Helping poor people by giving them a Stuffd that you were bought by bitcoins

[Cryptonitex]

Yes why not, some people already judge bitcoin as a bad cuurncy since there was rumor bitcoin is used for money laundry, it will be nice to hear some community raising fund using bitcoin to help people and it will bring positive  reputation for bitcoin

Cash is used for money laundering way more than BitCoin...
Just when it happens in BitCoin, the world goes crazy and jumps to conclusion.

[X-ray]

Yes why not, some people already judge bitcoin as a bad cuurncy since there was rumor bitcoin is used for money laundry, it will be nice to hear some community raising fund using bitcoin to help people and it will bring positive  reputation for bitcoin

Cash is used for money laundering way more than BitCoin...
Just when it happens in BitCoin, the world goes crazy and jumps to conclusion.

Cash or bitcoin has the same chance to be money laundering. Maybe for some people in government if they have a more knowledge about bitcoin, I certain there will be using bitcoin do money laundering.

[Nouelle-Hunter]

Yes ofcourse.Bitcoin is not built for bad things but some users use it to bad things thats why bitcoin image has been bad from other people and critics.But bitcoin is build for good not for bad it just depends on the person on who is using it,to use it for bad things or in good things

[fayness]

its depends with the people used it, but i used my bitcoin for good,like buying snack's and cloth's. and bitcoin really help me to saving money

[Luqman]

Absolutely yes, there are some merchant selling their product with bitcoin as the payment.

[daringdiscovered]

its depends with the people used it, but i used my bitcoin for good,like buying snack's and cloth's. and bitcoin really help me to saving money

I agree, bitcoin is also a money where you can buy what you want. If someone use it at illegal things like buying drugs then it is bad but if your using it in a good way then you don't have to matter everytime you use it to buy something.

[dearbesz]

yes it is,bitcoins can be use for good,...actually it helps a lot people who patronize btc many people in here through this
they save money because of bitcoins, and some are they can send money transfer instead of goind outside and go to
remittances but because of bitcoins through loptop and online no need to go outside and commute so its totally good

[richardsNY]

Yes why not, some people already judge bitcoin as a bad cuurncy since there was rumor bitcoin is used for money laundry, it will be nice to hear some community raising fund using bitcoin to help people and it will bring positive  reputation for bitcoin

Cash is used for money laundering way more than BitCoin...
Just when it happens in BitCoin, the world goes crazy and jumps to conclusion.

It's the media that is always trying to make Bitcoin look bad. If a person gets extorted for a few Bitcoins, worth a few $K, then the media act like the whole world is about to collapse. If the same thing happens with fiat, then it doesn't even reach the media as they don't see it as being worthy to cover. It's crazy!

[zodin]

yes bitcoin can be use for good.  i think you should used them helping the poor people. you should also donate it for the needy poeple of the world.  you can also use it for so many good purposes.

[dearbesz1219]

Big Yes!  we can use it for good.  though  some member there using it for bad or self interest.

[praprata]

Yes I think that the bitcoin can be used for good but its also depending on the future and the popularity of itself.
It it will gain more popularity it will be for good without any doubts.

[X-ray]

Yes why not, some people already judge bitcoin as a bad cuurncy since there was rumor bitcoin is used for money laundry, it will be nice to hear some community raising fund using bitcoin to help people and it will bring positive  reputation for bitcoin

Cash is used for money laundering way more than BitCoin...
Just when it happens in BitCoin, the world goes crazy and jumps to conclusion.

It's the media that is always trying to make Bitcoin look bad. If a person gets extorted for a few Bitcoins, worth a few $K, then the media act like the whole world is about to collapse. If the same thing happens with fiat, then it doesn't even reach the media as they don't see it as being worthy to cover. It's crazy!

Nothing for now, for few days I see a lot of media give a good response for bitcoin because some legal institution or we called it bank is starting to adopt blockchain system.

[newcoins1978]

Of course the Bitcoin can used for good not everybody makes use of it in a bad way, of course you have some people that are using it in a bad way but that does not mean that everybody is doing it.

[bitcoin-hunter]

Absolutely yes, there are some merchant selling their product with bitcoin as the payment.

Indeed and the fact is also that its gaining users and getting globally knowing due to this its just a matter of time before it will be used for good.

[BitcoinPaw]

Bitcoin  can be used for good and for bad, it's a currency, so anyway people using it as they want, you can donate to people with bitcoin or become a crimial...

[danherbias07]

Bitcoin  can be used for good and for bad, it's a currency, so anyway people using it as they want, you can donate to people with bitcoin or become a crimial...

We know it could be use for good because many have profited from it. How about the bad side. Payment for illegal drugs or illegal guns. Syndicates transacting using this method. It is easy and they wont trace it that easy also. I can send 1 BTC per transaction and it will cost a little, then I send more 1 BTC so that nobody will care so much.

[Herbert2020]

Bitcoin  can be used for good and for bad, it's a currency, so anyway people using it as they want, you can donate to people with bitcoin or become a crimial...

We know it could be use for good because many have profited from it. How about the bad side. Payment for illegal drugs or illegal guns. Syndicates transacting using this method. It is easy and they wont trace it that easy also. I can send 1 BTC per transaction and it will cost a little, then I send more 1 BTC so that nobody will care so much.

any other currency like USD is being used for those illegal activities that you have mentioned in your comment. so that is no excuse to say bitcoin is being used for illegal things. this is just what the media is sometimes trying to say about bitcoin to ruin the image of bitcoin.

[Darwin02]

Yes bitcoin can be use for good for example. big tragedy happen to other country you can help easily using bitcoin you can send it directly the funds to the victim, without going through the hands of corrupt politicians.