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Author Topic: Can Bitcoin be used for Good?  (Read 38329 times)
virasog
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December 14, 2016, 12:48:13 PM
 #801

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.

Exactly, bitcoin is really a new technology, and we should use it in our daily life. Because bitcoin give us all facilities to buy from it. So why not we use it, also i started to use the bitcoin when i need to transfer my amount into an other account, So choose bitcoin, and forever i will choose it.

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December 14, 2016, 01:39:38 PM
 #802

I think it still depends on how you use it. I think the primary purpose of bitcoin is also making the world better, making fewer fees and making transactions easier. In our country, it's still not so much applied yet but I think there's a chance (if they are open minded about it). There's also free will that can lead to up to no good.

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Maxsumi
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December 14, 2016, 02:15:23 PM
 #803

I hope it will but I do not think that it can be used for good, we really have to wait for it so we can see what is coming.
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December 14, 2016, 02:50:53 PM
 #804

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.

And together with this people are the criminals. When criminals realize that there's no paper trail or anything in bitcoins, they will switch to using bitcoins as well. In most third world countries, no criminal would bat an eye on using bitcoins but in more civilized countries, they surely would embrace this currency. People have been using social media sites to look for drug dealers and sort, they'd think might as well use the internet to have the payment too when they find out about bitcoin.

So I think people realizing the potential of bitcoins will always have some bad people abusing the idea. But meh, no difference on how fiat's being used right now anyway.

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December 14, 2016, 05:07:54 PM
 #805

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.

Exactly, bitcoin is really a new technology, and we should use it in our daily life. Because bitcoin give us all facilities to buy from it. So why not we use it, also i started to use the bitcoin when i need to transfer my amount into an other account, So choose bitcoin, and forever i will choose it.

Bitcoin as a form of payment processing got for big transaction needs with anonymity. During the early days bitcoin was much used for illegal trades. Later on with its potential it has evolved and got to be successful as a source for good deeds.

merchantofzeny
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December 14, 2016, 07:58:01 PM
 #806

This was also my first impression of bitcoin, something used for shady transactions over the internet. But as I've read more about it, I see it now as simply money. And as we all know money, like power, can be used for good or bad actions. I've seen people do good stuff with money, like "crowdfunding" farmers so they don't get into debt just farming their land. I suppose the same can be achieved using bitcoin.
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December 14, 2016, 08:05:07 PM
Last edit: December 14, 2016, 11:52:40 PM by Testing Crypto
 #807

must be a class of social science, the idea of something & it's use for good throughout the course of study

//IT can be used for many things, both good or bad & depends on the user/s

Edit: everything from the light house to everyday items are either used for good or bad throughout their creation, doesn't change the fact of being useful & something of good creation over the years

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December 14, 2016, 08:30:47 PM
 #808

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.
yes i am also agree with you. in start people will thinking that bitcoin was used for illegal activities and that was because of its anonymous character but now the trend is changing and people are using bitcoin in daiy life as normal and legal currency,
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December 14, 2016, 08:43:56 PM
 #809

Nothing actualy lasts for good at least not without changes. Especialy in the digital world, things are changing rapidly. I think that Bitcoin has the potential to survive, it's geting more and more accepted, people are changing the opinion about Bitcoin in positive way so the future seems bright.

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December 15, 2016, 04:00:43 AM
 #810

what mean this is "bitcoin used for not good activity" ?
i think bitcoin always used for good activity and bitcoin help every users with supply their income
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December 15, 2016, 06:41:43 AM
 #811

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.

Exactly, bitcoin is really a new technology, and we should use it in our daily life. Because bitcoin give us all facilities to buy from it. So why not we use it, also i started to use the bitcoin when i need to transfer my amount into an other account, So choose bitcoin, and forever i will choose it.

Bitcoin as a form of payment processing got for big transaction needs with anonymity. During the early days bitcoin was much used for illegal trades. Later on with its potential it has evolved and got to be successful as a source for good deeds.

As you said, recently, bitcoin is too much used for illegal trades, What does it mean?
Because, i only saw scammers are here in bitcoin, nothing i see the use of bitcoin in a wrong way.
Also in illegal trades, so far as i know only altcoin trading, and it is not illegal. 
But i think many scammers are doing sites for investment and than they give us lose, but in trading wise, i received a very good response from bitcoin.
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December 15, 2016, 06:51:21 AM
 #812

what mean this is "bitcoin used for not good activity" ?
i think bitcoin always used for good activity and bitcoin help every users with supply their income


Not good activities mean using in some illegal activities including gambling, porn and many other activities which are allowed to do legally. It all depends on individuals how they want to use bitcoins. if you use it for good purpose then it is good otherwise it is bad.
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December 15, 2016, 11:39:47 AM
 #813

hello there are so many good and better thing that bitcoin can be use for and as we all know money is been determined by the owner either to be use for good or bad intention to the best of my knowledge bitcoin are use for good things and can be use for good things if one has a lot of bitcoin and want to change it, to it currency he or she can, buying of goods also.
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December 15, 2016, 01:49:33 PM
 #814

what mean this is "bitcoin used for not good activity" ?
i think bitcoin always used for good activity and bitcoin help every users with supply their income


Not good activities mean using in some illegal activities including gambling, porn and many other activities which are allowed to do legally. It all depends on individuals how they want to use bitcoins. if you use it for good purpose then it is good otherwise it is bad.

Yeah, anyone can use it in both ways. It's up to himself on what is his intention to use bitcoin. Because of the huge value of bitcoin and its transactions are anonymous makes some people take advantage of it and use it in the bad way. They are much safer using bitcoin than fiat which is easier to find them if they use fiat.
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December 15, 2016, 03:52:19 PM
 #815

Well I'm a newbie so am not having earnings with bitcoins,
but my brother bought me a laptop using bitcoins so I am very happy with that.
And the online purchases are also very useful to buy goods  Grin
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December 15, 2016, 04:03:30 PM
 #816

Yes bitcoin can be use for good is just few people who have got to know about bitcoin, money in the hands of the owner can not be said weather to be use it for good or for bad but i think that everyone will way or the other will want to use his or her money for something positive i really don't want to think any one will want to use he or money negatively.
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December 15, 2016, 04:17:05 PM
 #817

Bitcoin already is used for a lot of good, and just like cash, it can of course be used for bad things. This in itself, doesn't make bitcoin bad, but the user.

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December 15, 2016, 04:44:57 PM
 #818

This topic reminds me of a my friend friend who stays abroad and has been doing it for a while, he does charity using Bitcoin either sends currency or send products to ngos and shelter homes. The best part is he does not posts on Fb and only selected people know about it. These are the people who really make good use of Bitcoins.
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December 15, 2016, 05:14:23 PM
 #819

The bitcoin can be used for good but than it first needs to grow a lot more right now otherwise its no task!
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December 17, 2016, 09:02:11 AM
 #820

The bitcoin can be used for good but than it first needs to grow a lot more right now otherwise its no task!

We need the block size to rise to have more transactions.
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