Can Bitcoin be used for Good?

[smho_16]

yes bitcoin can be use for good thing like as to buy online books and computers or mobile and and other etc and i also hope other bitcoin user will be also use bitcoin for good thing because online product seller can not sell any illegal product so it will be good .

I am giving out my example of what I buy with bitcoin. Mainly I buy digital products, usually digital keys, or gaming cards. I buy Xbox 360 and PSN codes via Bitcoin. Also Xbox live points. Not only that but also the key of my antivirus. These are good examples regarding digital usage of bitcoin, have not bought anything physical with it as here in Serbia bitcoin is not known widely.

[Digitalbitcoin]

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 is revolution in the form of solution by invention,

Bitcoin is nothing but one of altcoin that has highest market exchange value in fiat currency globally.
There so many reasons are for that few are as anonymous, decentralized, safe, secure, open source etc & many more.

Firstly we have to understand things as banks will be there at local level for fiat currency. But Bitcoin is giving option to make valuation of any thing in it, as we evaluate anything(good) with fiat currency.

But as time is going using bitcoin for small transaction will not be affordable as after halving already price of reward for block is settled to 12.5BTC.

[Cresciuanto]

yes bitcoin can be use for good thing like as to buy online books and computers or mobile and and other etc and i also hope other bitcoin user will be also use bitcoin for good thing because online product seller can not sell any illegal product so it will be good .

i think you can use bitcoin for good. if you help the needy people or buy some food for poor people or you just start a little business for a poor person so that he can earn livelihood for himself and for his family.

[pearnapple]

of course bitcoins can be used for doing good things, in my opinion it can be used to allow people donate money to charity organizations really easily, also you can use bitcoins for shopping

[BayAreaCoins]

Bitcoin is used for drugs, scammers and VC's who want to make money off both those industries indirectly legally.

[Zulucia]

Bitcoin is used for drugs, scammers and VC's who want to make money off both those industries indirectly legally.

I use the bitcoin to pay for some services and buy things online, such as the miners and graphics cards.

[langedwig]

Bitcoin is used for drugs, scammers and VC's who want to make money off both those industries indirectly legally.

I use the bitcoin to pay for some services and buy things online, such as the miners and graphics cards.

Yes bitcoin can be used for good purposes like donating anonymously in a charity, helping poor people by giving them a stuff that was bought using bitcoins. It is just a currency. It can used for all the good purposes.

[CryptoBjorn]

Bitcoin is used for drugs, scammers and VC's who want to make money off both those industries indirectly legally.

I use the bitcoin to pay for some services and buy things online, such as the miners and graphics cards.

Yes bitcoin can be used for good purposes like donating anonymously in a charity, helping poor people by giving them a stuff that was bought using bitcoins. It is just a currency. It can used for all the good purposes.

It's already possible to donate to charity's. There is quite an extensive list already. I did not do it since i prefer to pay charities in fiat.
But with bitcoin it's possible to do pretty much all that you can do with other currencies.

[AioFox]

If there is good,Bad is the opposite of it..As much as we can lets use bitcoins for good ways, But in reality some of the bitcoin enthusiast are selfish, I'm not saying all, there are few I think here they using it in illegal activities. And just like what I said, let use it for the good for  us to have a better future in bitcoinworld.

There are always two sides of a coin. Can Bitcoin be used for good? Sure it can, there can be used for charity fundraisers, buying our basic daily life necessities and also we can help out others when they are in need.

[European Central Bank]

i certainly hope so. for me at least i think the biggest difference it can make is opening up internet commerce to anyone anywhere with a machine and some internet access. that could lift millions to the next level of prosperity and it's something that seems to be not talked about enough.

[shinratensei_]

Bitcoin is used for drugs, scammers and VC's who want to make money off both those industries indirectly legally.

You just take the point the usefulness of bitcoin from the negative section? better to consider the bitcoin from the positive section. I feel less than fair. try to take the center way, without discriminating the distinction.

[jerowacik]

yes bitcoin used to facilitate financial transactions. now many emerging merchants that accept bitcoin as a medium of payment. This is good news, bitcoin will increasingly be used by the large community.

[thend1949]

Bitcoin is used for drugs, scammers and VC's who want to make money off both those industries indirectly legally.

That is not good one to use your bitcoin i think your many used of bitcoin in different way not to use in drugs or to scam. Use it in good way like buy food for your family or do it for charity donate to those who need it or pay your bill. Dont lost your bitcoin in nonsense do it in a good way.

[danherbias07]

It will depend on the user. If he thinks what he is doing is good then it is, even if the people who sees it are bad. We wont know what is really bad and good without a law. And we have our different ideas on what we think.

[newcoins1978]

Still now I have been using bitcoin for good purposes like mobile recharge and some online purchase. I have a wish to go for gambling. I don't know whether it is good or bad.

Gambling is good or bad in nature itself. It has nothing to do with Bitcoins. You can do Gambling with bitcoins or Fiat currecny. So  its not the matter if bitcoins is good or bad..it is gambling which is good or bad. i hope its clear now.

Bitcoin can be used for good and not everyone make use of it in a bad way, I am just here to invest and make money with it.
You can also use it to gamble so that you can try and make fast money but that chance is small.

[ObscureBean]

I think the answer to your question is pretty obvious no? You make it sound like Bitcoin is the devil incarnate or perhaps the title was intended as clickbait ?  Nothing can truly be all bad and I think that in the case of Bitcoin, it is pretty obvious that it's got quite a few legit uses outside of the criminal world.

[Coin_trader]

bitcoin like a fiat currency can be good or bad depends on how it is being used, it can be very good tool if been used to help the needy or the provide the needs of one's family but can be bad if been used to buy drugs and been used to finance those terrorist acts.

[CraigWrightBTC]

Of course yes, bitcoin can be used for, trading, shopping, i think all of them is good. Depend on users who use bitcoin and we can not be blame bitcoin because of some people who use bitcoin for bad something.

[langedwig]

Of course yes, bitcoin can be used for, trading, shopping, i think all of them is good. Depend on users who use bitcoin and we can not be blame bitcoin because of some people who use bitcoin for bad something.

Yes bitcoin can be used for good thing like can buy books and computers or mobiles and other things etc online. BTC is just a currency. It can be used for all good things as well as it can be used to buy goods.

[Zulucia]

Of course yes, bitcoin can be used for, trading, shopping, i think all of them is good. Depend on users who use bitcoin and we can not be blame bitcoin because of some people who use bitcoin for bad something.

Yes bitcoin can be used for good thing like can buy books and computers or mobiles and other things etc online. BTC is just a currency. It can be used for all good things as well as it can be used to buy goods.

From my personal experience, I use the bitcoin to pay cell phone bills. I also use it to play some games.