Can Bitcoin be used for Good?

[plost24]

is is all about how to see the way that bitcoin can be used, for me i use bitcoin only for my job need or for trade and make money and that is a good way to use bitcoin. i think you mean that using bitcoin in gambling is bad but for me i just gamble to have fun.

[Hazir]

Nah, Bitcoin is just a tool used by people. And people are not gonna suddenly change their nature. We have advanced inventions, massive economic markets
and yet like 1% of elite people on the earth owns 90% global wealth, do you think bitcoin can change that?

[yenxz]

of course bitcoin can used for good thing,lets see some foundation that accept bitcoin,bitcoin not just used for money purpose,and i dont know why people always show bitcoin used for illegal acitivity than show bitcoin for good purpose

[Vaskiy]

of course bitcoin can used for good thing,lets see some foundation that accept bitcoin,bitcoin not just used for money purpose,and i dont know why people always show bitcoin used for illegal acitivity than show bitcoin for good purpose

Yeah I heard that some foundations are accepting bitcoin. To my sense bitcoin will be used only for good things. It grows up only because of its goodness.

[jod_doj]

of course bitcoin can used for good thing,lets see some foundation that accept bitcoin,bitcoin not just used for money purpose,and i dont know why people always show bitcoin used for illegal acitivity than show bitcoin for good purpose

Yeah I heard that some foundations are accepting bitcoin. To my sense bitcoin will be used only for good things. It grows up only because of its goodness.

thats cool i have never seen any of those, in my opinion if there would be more of it i would definitely give them some of my money as its always good to do some great things for others

i think that bitcoin surely might be used for making good things not only bad and i hope that there will be a lot of companies that would use others bitcoins for good causes

[Amph]

One question


Who defines what is good or bad? Is there only one definition? (ok 2 questions )

Nothing defines good or bad, but we define good or bad by what is good for us as a society in general and what is bad.
Without getting in philosophic debates, Bitcoin, just like any other currency, can be used for good or bad. Just like a gun, you can shoot the bad guys or shoot innocent people, it's not the gun's fault.

Apparently not, both the article linked and the OP made a blanket assertion that Bitcoin is, at present, only used for bad things. And I disagree with your assessment that majority opinion matters. That means that if more than half of a population in a given jurisdiction decide that some activity of yours is "bad", then they will force you to stop under threat of official violence. That's highly questionable morality; if the activity isn't causing harm or loss, there is no justification for such behaviour, it amounts to nothing more than arbitrary bullying

this depend on what you call the majority, if we follow the 51% rule then you are right but if we call the majorit 99%? it may change everything, why few thounsad people's opinions in the world, should matter more or be equal to the opinion of everyone else?

[Carlton Banks]

I disagree with your assessment that majority opinion matters. That means that if more than half of a population in a given jurisdiction decide that some activity of yours is "bad", then they will force you to stop under threat of official violence. That's highly questionable morality; if the activity isn't causing harm or loss, there is no justification for such behaviour, it amounts to nothing more than arbitrary bullying

this depend on what you call the majority, if we follow the 51% rule then you are right but if we call the majorit 99%? it may change everything, why few thounsad people's opinions in the world, should mater more or be equal to the opinion of everyone else?

Ok, why should 99 people determine what 1 person is permitted to do with their own life? Is there any point in being that 1 person, if you cannot make your own decisions? That 1 person may as well not exist at all.

Why have a life that is called yours, when you, the supposed owner of the life, cannot make choices they want to make. Surely your life doesn't belong to you under those circumstances?

[Randian Hero]

The question is if you believe that arbitrary people can manipulate current fiat currencies to a good result. I think even mainstream economists today say that the current system causes malinvestment and crisis after crisis. Ultimately it boils down to the fact that neither a few elite or majority voters know what is best for everyone. Bitcoin will instead increase the potential for everyone and the invisible hand will make us good.

[Yakamoto]

Bitcoin, along with any other currency, can be used for good as long as it is given to the right people and used in the right way. USD and Bitcoin can be given to organizations to help kids in whatever country that is in need, and those organizations can go and help people, both USD and Bitcoin would have been used for good.

[faridkifly]

yes we can dude.
because almost all of bitcoin user here i guess is just using bitcoin to buy goods or convert it to they currency. 

[Sierra8561]

Bitcoin definitely has a black eye thanks to a few. But I guarantee cash pays for 99.9% of illegal activity in this world.

[IluhaHA]

In my country bitcoin is used for many nefarious things but it also helps those who do not have access to regulated banking.

[The Sceptical Chymist]

Absolutely!  I think the concept of a world currency is fantastic, and the ability to transfer money instantly across the globe is powerful.  To say the least.  People may shy away from the new world order stuff, but political boundaries and varied currency and languages have forever divided us.  Bitcoin is a step in the right direction.

[Boosterious]

Bitcoin definitely has a black eye thanks to a few. But I guarantee cash pays for 99.9% of illegal activity in this world.

Agree with that,without doing nothing wrong,bitcoin has have black label,black eye in some people view,this is can't denied. but the only thing still possible is doing some good thing with bitcoin,make foundation with bitcoin,giving charity and others,its will make bitcoin more like money.

[fuathan]

Even in Turkey there are some cafes accept BTC payment... I think world is ready now!.. 

[VanDeinsberg12]

Bitcoin definitely has a black eye thanks to a few. But I guarantee cash pays for 99.9% of illegal activity in this world.

Agree with that,without doing nothing wrong,bitcoin has have black label,black eye in some people view,this is can't denied. but the only thing still possible is doing some good thing with bitcoin,make foundation with bitcoin,giving charity and others,its will make bitcoin more like money.

I thought it was not easy to eliminates the negative image of the bitcoin, right means it will decrease a negative image about bitcoin but remained negative image of the bitcoin will still remain attached even just a little, but at basically people are already accustomed to using money and are unfamiliar with the new things.

[SFR10]

Interesting article and my answer would be a "YES", but the article has some flaws in it, like in cases of users having issues for BTCitcoin transactions is not actually a problem of BTCitcoin but rather a problem of users not using enough fee's for their transactions. It would be nice if we could have stored land titles digitally, surely that would save ownership approvals some time. Another thing that it seems wrong in the article is, he mentioned some countries can't handle BTCitcoin payments due to lack of needed energy and need of miners but that's wrong, since just because a certain country wants to use it, doesn't mean they have to mine it as well since there are more than enough miners out there. Lastly, he mentioned that in future, BTCitcoin fees could be more than mastercard and etc but I doubt it would be that high. BTCitcoin isn't the problem for users but the exchanges that exchange BTCitcoin to fiat are the problems since some of them, suddenly will leave you hanging for nothing and that should be the issue that needs attention.

[arwin100]

Bitcoin definitely has a black eye thanks to a few. But I guarantee cash pays for 99.9% of illegal activity in this world.

Agree with that,without doing nothing wrong,bitcoin has have black label,black eye in some people view,this is can't denied. but the only thing still possible is doing some good thing with bitcoin,make foundation with bitcoin,giving charity and others,its will make bitcoin more like money.

I thought it was not easy to eliminates the negative image of the bitcoin, right means it will decrease a negative image about bitcoin but remained negative image of the bitcoin will still remain attached even just a little, but at basically people are already accustomed to using money and are unfamiliar with the new things.

Yeah we really cant take out to other peoples mind that to take negative thougs about bitcoin because of its anonimosity and also bitcoin they know is used for buying illegal goods in web thats why whe are users we need to educate them that bitcoin can be use for goods and we can earn by it. Maybe it future ir wilk be use to buy good stuff and can be a payment on online stores.

[OrangeII]

Of course, I can. I always use it for good things. it all depends on you how you use bitcoin. exchange bitcoin that you have in the form of dollars and give it to someone who bucks more need  

[Hirose UK]

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 bad. it can make you lose your bitcoin

anyway I can buy goods, books, with my bitcoin, but I first convert it to fiat money because the shop doesn't accepts bitcoin.