Can Bitcoin be used for Good?

[1Referee]

we all have different intentions to how money can or should be spend either in a good ways or in a bad way  for me i think that bitcoin should be spent on good things or good intentions  because for me i love to spend money for good things but what i think of bitcoin should be spend for good and it be spent on good things.  

Bitcoin isn't any different from money beside the fact that it has certain advantages compared to using fiat online. But we can't really expect people to only use Bitcoin for good purposes. Money gets used for everything bad and nasty that you can think of, so in that regard, it's fairly safe to assume that exactly the same is happening with Bitcoin. That's why we shouldn't make a big problem out of it since there is nothing we can do about it. Everything with value can be used, and is being used for bad things. If you want to throw with blames, then you should blame people for what they do wrong, and not the tool they use.

[skyway1]

Bitcoin is useful for fast online payment. It is anonymous. It has very low fees and is very secure. It is a very universal currency. It can be used for charity works. It can make a digital society.

i agree with you that bitcoin has very lowest fees and no tax is apply on bitcoin because there is a lot of people invest their money in high amount in bitcoin and bitcoin is profitable currency if someone invest their money in bitcoin they get a good profit from bitcoin when price rise up.

[Barbut]

Bitcoin is useful for fast online payment. It is anonymous. It has very low fees and is very secure. It is a very universal currency. It can be used for charity works. It can make a digital society.

i agree with you that bitcoin has very lowest fees and no tax is apply on bitcoin because there is a lot of people invest their money in high amount in bitcoin and bitcoin is profitable currency if someone invest their money in bitcoin they get a good profit from bitcoin when price rise up.

That is a problem, profit! People are ready to do a lot of things for profit, good or bad, and thats why any currency will be used for good and for bad things, there is no exception in this matter. I think selling guns is not a good thing, but someone make a lot of profit on that, weapons, drugs, other illegal activities brings higher profit without taxes, then selling hot dogs, cars and real estates together.
That is a thing with profit, the ends justify the means.

[john2231]

Bitcoin is useful for fast online payment. It is anonymous. It has very low fees and is very secure. It is a very universal currency. It can be used for charity works. It can make a digital society.

i agree with you that bitcoin has very lowest fees and no tax is apply on bitcoin because there is a lot of people invest their money in high amount in bitcoin and bitcoin is profitable currency if someone invest their money in bitcoin they get a good profit from bitcoin when price rise up.

But for me i am not agree for fast online payment there is still weaknesses in bitcoin. and the speed of the transaction still depends in your fee..
The only thing that i want in bitcoin is being anonymous and you can gamble with bitcoin.. and the other thing more stores are accepting it right now and bitcoin is easy to use than the other payment processor.

[ruselbd]

It truly depends that on what sort of products we are discussing in light of the fact that bitcoin can be executed on both the legitimate and unlawful merchandise its only a sort of cash and we utilize it so.but i might want to utilize it more like my own coin aside from whatever else

[Wandering Soul~]

Bitcoin is useful for fast online payment. It is anonymous. It has very low fees and is very secure. It is a very universal currency. It can be used for charity works. It can make a digital society.

i agree with you that bitcoin has very lowest fees and no tax is apply on bitcoin because there is a lot of people invest their money in high amount in bitcoin and bitcoin is profitable currency if someone invest their money in bitcoin they get a good profit from bitcoin when price rise up.

That is a problem, profit! People are ready to do a lot of things for profit, good or bad, and thats why any currency will be used for good and for bad things, there is no exception in this matter. I think selling guns is not a good thing, but someone make a lot of profit on that, weapons, drugs, other illegal activities brings higher profit without taxes, then selling hot dogs, cars and real estates together.
That is a thing with profit, the ends justify the means.

Yes, People need money that's why sometimes they resort to illegal activities, Fortunately bitcoin has a features perfect for it but it doesn't mean that its sole purpose is for illegal stuffs cause is based on how the user will use it.  Selling or buying stuffs that are in the gray zone is always a risky thing so better stay away with it unless you wanna live your life behind the bars

[hack_]

It is money, neither bad nor good, its the user that matters

[salmanahmedone]

Bitcoin is useful for fast online payment. It is anonymous. It has very low fees and is very secure. It is a very universal currency. It can be used for charity works. It can make a digital society.

i agree with you that bitcoin has very lowest fees and no tax is apply on bitcoin because there is a lot of people invest their money in high amount in bitcoin and bitcoin is profitable currency if someone invest their money in bitcoin they get a good profit from bitcoin when price rise up.

Yeah, bitcoin is profitable, not knowing if things done in good or bad way and because it holds the anonymity of the
sender and tax's lowest fee.

[noormcs5]

Bitcoin is useful for fast online payment. It is anonymous. It has very low fees and is very secure. It is a very universal currency. It can be used for charity works. It can make a digital society.

i agree with you that bitcoin has very lowest fees and no tax is apply on bitcoin because there is a lot of people invest their money in high amount in bitcoin and bitcoin is profitable currency if someone invest their money in bitcoin they get a good profit from bitcoin when price rise up.

the thing is you earned bitcoin, being greedy of with bitcoin truly make things worst so just to make things. But it is not good to use this on bad ways just to earn it.

[Youresioure]

Cheers to that, banking system is very weak in terms of transaction, they do check well the transaction before approving and they have the power to freeze our accounts while here it cannot happen.

Also the fee. International bank transactions have horrible fees. In BTC, I know EXACTLY how much I will pay, I can EASILY calculate it and I can TRUST what I pay goes to improve the network that I'm using and not the Christmas gift of some already rich bankster.

[virtualkeybuyer]

BTC helped me reach businesses that were far from my place. It gave me opportunities that I could not even dream about and nowadays it gives me a living. I appreciate the opportunities thanks to BTC and I love my way of living that it provides so yes, BTC is Good.

I agree. It also makes my transactions faster. Whenever I want to put my stuff in auction, I accept btc payments so thst I can easily sell my stuff and get my money.
Also, not only in business we can use bitcoins.
Like me, I also used bitcoins for paying my bill and buying loads. It's easy and instant, undeniably bitcoin is great.

Transaction time is a major reason why I prefer BTC. BTC is good because you can avoid delays due to banking shifts (some banks do not send transactions at night or at weekend) and among different banks in different times zones. BTC network works 24/7 and you do not have to adapt to the working time of banks' employees.

Cheers to that, banking system is very weak in terms of transaction, they do check well the transaction before approving and they have the power to freeze our accounts while here it cannot happen.

I have experienced that in international transactions banks often take a dozen of days to complete that transaction. I do not know about other countries but in my countries the banks transfer the money in our account when it is reached from that country from where the transaction is initiated. Now with bitcoin we are getting more benefits in international transactions.

[jak3]

yes i agree with that article bitcoin is really the concept everyone looking for to enter the future. i am not saying that i fully trust bitcoin i know this can make me lose everything but i am just saying i am just using it for my profit and not even harming anyone or the network infact the bitcoin system is helping me on this

[Vikingr]

It is money, neither bad nor good, its the user that matters

Yeah that is right like all other currencies it is also a normal currency and it is used for good things or for bad things it is totally depended on the minds of people who use it so if it goes to the hands of good people bitcoin will be surely used for good.

[dihari]

Bitcoin is become popular in the dark web and people agree it's a bad thing to do a criminal transactions.
But now that things is gone, bitcoin become publicly.
And one good thing is the world is learning blockchain technology behind bitcoin that can make some good system for a better.

[PacePay]

Bitcoin is become popular in the dark web and people agree it's a bad thing to do a criminal transactions.
But now that things is gone, bitcoin become publicly.
And one good thing is the world is learning blockchain technology behind bitcoin that can make some good system for a better.

In the past I do not think that it was all for bad and dark web. It was from the start as a currency invented for online transactions and many people adopted it as asset for future profit and they are very happy with it. and like that it is still used for good.

[klf]

Bitcoin is become popular in the dark web and people agree it's a bad thing to do a criminal transactions.
But now that things is gone, bitcoin become publicly.
And one good thing is the world is learning blockchain technology behind bitcoin that can make some good system for a better.

In the past I do not think that it was all for bad and dark web. It was from the start as a currency invented for online transactions and many people adopted it as asset for future profit and they are very happy with it. and like that it is still used for good.

It was started with good intention but now become popular in those illegal activities and in gambling. Online gambling has become so popular just because of bitcoins. If gambling business stops accepting bitcoins then bitcoins prices will go down many folds from current prices.

[Natalim]

Bitcoin is become popular in the dark web and people agree it's a bad thing to do a criminal transactions.
But now that things is gone, bitcoin become publicly.
And one good thing is the world is learning blockchain technology behind bitcoin that can make some good system for a better.

In the past I do not think that it was all for bad and dark web. It was from the start as a currency invented for online transactions and many people adopted it as asset for future profit and they are very happy with it. and like that it is still used for good.

It was started with good intention but now become popular in those illegal activities and in gambling. Online gambling has become so popular just because of bitcoins. If gambling business stops accepting bitcoins then bitcoins prices will go down many folds from current prices.

Well, I can say that majority of the adopters have tried bitcoin gambling or at least knows gambling and that brings good outcome to the economy of bitcoin since the demand will increase due to massive adoption of people brought by the gambling industry.

Honestly, I have never had a fun before until I knew bitcoin online gambling. However, if it's illegal in your country then you are using it not for good but it's not only gambling are the activities here so we can still use it for good base on our decision.

[Positid]

It is money, neither bad nor good, its the user that matters

Yeah that is right like all other currencies it is also a normal currency and it is used for good things or for bad things it is totally depended on the minds of people who use it so if it goes to the hands of good people bitcoin will be surely used for good.

I agree with that because we can't control the intention of the people, there's freedom to use bitcoin here so why would they want to be dictated and in fact we are all sinners so we can do good and bad and bitcoin is just an instrument.

[shamzblueworld]

I agree with the quote, though at first it could have been thought that this is the currency for illicit transactions in the web world, it can be and actually is a lot more than that. And nowadays is used more for legal purposes than others. Maybe not in the value but surely in the numbers of users.

[xypos]

Of course bitcoin can be used for good, because bitcoin as a technology is simply nothing less than a revolution, and when people actually realise the potential of this technology, sooner or later, they will switch to bitcoin and ditch fiat.

Fiat is an endless hole, if you save your money in fiat, then you can expect to never see it again.