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Author Topic: Can Bitcoin be used for Good?  (Read 38269 times)
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December 12, 2016, 01:50:37 AM
 #761

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.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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December 12, 2016, 03:17:34 AM
 #762

I dont understand why people keep asking stupid questions like this all the time. Bitcoin can be traced and just like Fiat it can either be used for good or bad cause

It's harder to track Bitcoin than it is to track Fiat (except if your government asks the ISP for each citizen's Internet history and see if you entered a Bitcoin Wallet on your computer), but it isn't impossible. It's not impossible to see whether someone has ever tried the Tor browser to access the Dark web either.

No, its not harder to track bitcoin because a lot of tracing software out there you can use freely to trace out your transactions. And yes, it is like fiat and we can just simply use it for good or bad. It is also up to you on how you are going to use bitcoin for whatever purpose you wanted to use that, but for me, it is better to use it for good.

I agree it is not hard to track bitcoin as long as the addresses used was linked to some personality.  But if the bitcoin used does not link to any personality then, you cannot track the person behind those addresses.  Transaction is easy to see by simply looking at the blockchain, but tracking a person that never linked his identity online is another story.
Tracking a huge amount of coins is pretty easy in my opinion and the problem arises when its a small amount it is difficult to track the trail but for bigger amounts you could follow the trail even if you use a mixer i think because everything you do is open and public and it might take some time to follow up everything but you can track the person.One easy way is when the person is having an online wallet or an account in exchanges then it is quite easy to identify him.
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December 12, 2016, 05:25:22 AM
 #763

bitcoin as it stands is a currency that been use to do clear our most pressing needs so it usage is a thing of choice if to be use for good or to be use for bad so it money it does not have mouth to tell it user if it should be use for good or bad, even our daily currency is been use for good and also use for bad so the choice of goo and bad depends on the user. 
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December 12, 2016, 06:59:08 AM
 #764

Well as much as possible, Yes! But we cannot handle the mind of the other's member's here, though I believe majority of the community here they used bitcoin for good.
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December 12, 2016, 09:24:04 AM
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Well as much as possible, Yes! But we cannot handle the mind of the other's member's here, though I believe majority of the community here they used bitcoin for good.

Yes most of the people here are surely using bitcoin for good and we have our own freedom on how we are going to use our very own bitcoins. And since we are in safe environment for sure the ratio of the people who are using bitcoin for good is higher than those people who are using it in bad ways, but we can't deny that there are some who are using it for bad.



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December 12, 2016, 11:45:38 AM
 #766

Of course, bitcoin can use for positive transactions, we can send and receive money only 15 minutes without go to the Bank.
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December 12, 2016, 12:54:43 PM
 #767

Bitcoins can be used for good, and it can be used for bad. It depends upon the user and his intention. That is why I want the government to legalize Bitcoins. Else, the BTC sector will be driven underground, and more people will use them for illegal activities.

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December 12, 2016, 01:01:53 PM
 #768

Bitcoins can be used for good, and it can be used for bad. It depends upon the user and his intention. That is why I want the government to legalize Bitcoins. Else, the BTC sector will be driven underground, and more people will use them for illegal activities.
Thats right , Bitcoin has a very advantage to us if it is legalize on every country but It has some badside too. Bitcoin can be use in illegal Transactions when buying drugs , Guns and some illegal things that It not require banks in transactions. But for now our country is slowly addopting bitcoin that other merchants here are accepting bitcoin as a payment
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December 12, 2016, 01:02:56 PM
 #769

for me bitcoin can used for good , bitcoin make me an income  Grin . i hope that bitcoin can last long
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December 12, 2016, 01:21:06 PM
 #770

Bitcoins can be used for good, and it can be used for bad. It depends upon the user and his intention. That is why I want the government to legalize Bitcoins. Else, the BTC sector will be driven underground, and more people will use them for illegal activities.

I agree with you, whether bitcoin can be used in either case? of course bitcoin can be used in various kinds of goodness. because we need to remember that evil is in fact not the money but the users. So bitcoin for good? certain
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December 12, 2016, 01:41:39 PM
 #771

Bitcoin is like cash you know, it can be use in bad or good, because we, the users are the one who is going to decide where to use it, bitcoin doesn't have a choice, obviously, because it can't speak to argue with it's user if he is going to be use in bad things. It is not new in this world that currencies or cryptocurrencies is using in bad things or illegal things like buying guns, drugs and other illegal stuffs online in the dark markets in the deep web.

Of course, bitcoin is money and it is used as money by everyone, and money is probably used for both good and bad reasons, so it just depends on the user if how he would use it, if he uses for good then it is good, and if he uses it for bad then it becomes bad.
i agree with you that bitcoin can be use as money so anyone can be use money for bad or good activity and you are right its depend on user like many people want to use their money in good activity and many people using their money for bad activity.

You are right. many users are using in good but also there are also peoples that is using bitcoin for illegal activities because of its fast, effecient and anonymous way on sending money. Thats why there are lot of countries banning bitcoin because of that but as of now we could say that there are lot of people using bitcoin for bad things.
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December 12, 2016, 02:14:33 PM
 #772

Bitcoin is like cash you know, it can be use in bad or good, because we, the users are the one who is going to decide where to use it, bitcoin doesn't have a choice, obviously, because it can't speak to argue with it's user if he is going to be use in bad things. It is not new in this world that currencies or cryptocurrencies is using in bad things or illegal things like buying guns, drugs and other illegal stuffs online in the dark markets in the deep web.

Of course, bitcoin is money and it is used as money by everyone, and money is probably used for both good and bad reasons, so it just depends on the user if how he would use it, if he uses for good then it is good, and if he uses it for bad then it becomes bad.
i agree with you that bitcoin can be use as money so anyone can be use money for bad or good activity and you are right its depend on user like many people want to use their money in good activity and many people using their money for bad activity.

You are right. many users are using in good but also there are also peoples that is using bitcoin for illegal activities because of its fast, effecient and anonymous way on sending money. Thats why there are lot of countries banning bitcoin because of that but as of now we could say that there are lot of people using bitcoin for bad things.
Its reality even if we know that bitcoin does really have good benefits into the people who uses it but we should really be aware or accept the fact or reality that its always being used on illegal activities and we cant really stop that because of bitcoins features people would really see it as an advantage on not to be traced by someone on which illegal things would sit in.

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December 12, 2016, 09:13:32 PM
 #773

I don't understand the meaning of your topic post

Bitcoin was never created for evil intent if thats what you implied
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December 12, 2016, 09:16:36 PM
 #774

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.
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December 13, 2016, 03:53:02 AM
 #775

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.

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blackstone
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December 13, 2016, 04:05:24 AM
 #776

Bitcoins should be always used for good .if persons doing bad things with bitcoins get caught they should be put to jail immediately ,and they should be punished .i personally used bitcoins for my daily purposes .so i enjoy my life and have a better peaceful head .
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December 13, 2016, 06:00:36 AM
 #777

Bitcoin is like cash you know, it can be use in bad or good, because we, the users are the one who is going to decide where to use it, bitcoin doesn't have a choice, obviously, because it can't speak to argue with it's user if he is going to be use in bad things. It is not new in this world that currencies or cryptocurrencies is using in bad things or illegal things like buying guns, drugs and other illegal stuffs online in the dark markets in the deep web.

Of course, bitcoin is money and it is used as money by everyone, and money is probably used for both good and bad reasons, so it just depends on the user if how he would use it, if he uses for good then it is good, and if he uses it for bad then it becomes bad.
i agree with you that bitcoin can be use as money so anyone can be use money for bad or good activity and you are right its depend on user like many people want to use their money in good activity and many people using their money for bad activity.

You are right. many users are using in good but also there are also peoples that is using bitcoin for illegal activities because of its fast, effecient and anonymous way on sending money. Thats why there are lot of countries banning bitcoin because of that but as of now we could say that there are lot of people using bitcoin for bad things.
Its reality even if we know that bitcoin does really have good benefits into the people who uses it but we should really be aware or accept the fact or reality that its always being used on illegal activities and we cant really stop that because of bitcoins features people would really see it as an advantage on not to be traced by someone on which illegal things would sit in.
although bitcoin is also used for illegal things. but, I think it is a natural thing, even the dollar is still used for anything illegal. Well, we just need to look at from the standpoint of good. because when you do that, you can see that, at this time, bitcoin is changing towards a better world. people began to realize that bitcoin could be one way to overcome the economic crisis that they get.
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December 13, 2016, 07:23:56 AM
 #778

I don't understand the meaning of your topic post

Bitcoin was never created for evil intent if thats what you implied

Yeah I agree with you, bitcoin is created by satoshi Nakamoto to facilitate us in the era of the all-powerful. With the bitcoin allows us to invest in and buy something. I think bitcoin created for many good activities, only a handful of people who use it for bad things. Thank you

History of bitcoin >>> https://en.wikipedia.org/wiki/History_of_bitcoin
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December 13, 2016, 08:10:29 AM
 #779

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.

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December 13, 2016, 08:14:55 AM
 #780

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.  
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