The danger of the cyptocurrencies

[WarThunder]

   This topic just created many conspiracy theories, except that this thread is full with useless comments from people who didnt even read more then headline. Danger or not people will use bitcoins as long as they have some benefits from that. People do many dangerous things for profit and there is no point to talk about who created it, with what purpose, that doesnt mean nothing. If people make profit they will use it, secretly or not, illegal or legal, doesnt matter, as long you can earn money for yourself and your close ones.

Without the risk of not earn as much money as enough for all the family. Therefore, bitcoin is fine with his anonymity to avoid publicity in the first place, and secondly to avoid taxes. And you can talk a lot but it does not change the fact.

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[ivan.daineko23]

One of the main attractions of bitcoin and the cryptocurrencies in general is in the fact that, government regulation and clearance tables are by-passed, so in the event that government imposes itself on bitcoin, which is most unlikely, then bitcoin would no longer be bitcoin and the interest would most likely water down. 

Bitcoin is still subject of any laws imposed by any government of the world, what bitcoin allows us is to have complete control over our own money since no government backs bitcoin or has control over the bitcoin network.

Yet many financial institutions from different countries have already begun to implement the work blockchain technology, so like and hopefully forget that it is simply impossible.

[manyuta]

I am sorry but if the american government got behind bitcoin in the form of CIA or FBI support, I would ditch and run, for there is no trust with them anymore.  There are so many issues with trust in those agencies and no one has half of an idea.  Look at the local television shows with these organizations in them, obviously faked shows, like Quantico, Burn Notice, etc.  You think that this stuff was just thought up from nowhere?  There has to be some form of some sort of truth behind it.  So no I would not get behind bitcoin any longer if they started to play with it.

If you are seriously bitcoin use for criminal purposes, it is possible such that cryptocurrency recognize outlawed. And it will be a great loss, because the user can pursue.

[Samadur]

The bitcoin is dangerous for the user in some countries. And for using Bitcoin or other "money substitutes" organization or the offender could be fined quite a huge sum in the national waltz or suspend the activities of companies, individuals face imprisonment. But it looks like a totalitarian country.

[HateEU]

It is dangerous because it can grow veryfast but also can be some govrement law and destroy currency and then lose a lot of money because currency go down so be careful.

[umhhppp]

Sure crypto can be dangerous as you might think you can not be tracked down but in reality anybody can be. Just ask the u.s presidential candidates of this years election.

[lEgEndArIUs]

Sure crypto can be dangerous as you might think you can not be tracked down but in reality anybody can be. Just ask the u.s presidential candidates of this years election.

For me is not dagerous but very profitable, after as president it make more popular for cyptocurrencies again.

[Xester]

Guys people have been living 'cashless' long before Bitcoin was first created. In Iceland for example people don't carry paper money with them at all and payments in cafe shops etc. are done with credit and debit cards. Also Bitcoin debit cards are tied to the banks and exchanges issuing them so going cashless doesn't simply mean embracing Bitcoin. Bitcoin is not a 'cashless' alternative to conventional bank cards but an additional option on top of it. You can buy a Starbucks gift card and become 'cashless' or get your phone out and pay with your Apple wallet. Again - 'cashless'.
I see no danger whatsoever of going cashless.

I dont think that cashless is really safe, what about those people that who are not familiar in debit card, credit card, currencies etc. i am not saying that filipino 's are ignorant about this but also we should consider those who dont have debit card, credit card, computers or high tech gadgets to use.. cashless is safe yes but if you don't have gadget at all.. cashless is useless..

[danherbias07]

Sure crypto can be dangerous as you might think you can not be tracked down but in reality anybody can be. Just ask the u.s presidential candidates of this years election.

For me is not dagerous but very profitable, after as president it make more popular for cyptocurrencies again.

When we say dangerous it is some kind of a thing that can put you in harm. And do you think that way guys? I don't even think that crypto currencies are dangerous, they may be risky but safe. And crypto's anonymity is not making it dangerous too, maybe if you are just involved in an illegal activity using crypto then maybe that is considered dangerous.

Yes. It is the one that is using it which makes it dangerous. I knife wont hurt anyone if no one will get a hold of it.
Still we cant stop those who use it for illegal activities. Hell we dont even know where the transactions are.

[sportis]

Need created money cryptocurrencies. Such us fiat money created to satisfy human needs. Before money, transactions between people and between countries  were made with the exchange of products so as to meet the needs of all and to have self-sufficiency in goods. So, financial  needs the centralized monetary system could not cover made humans to think that they need another way to trade with each other. And like other currency systems has pros and cons such us cryptocurrency has their own strength and weakness.

[Polisi Ndeso]

One of the factors is a cyptocurrencies dangerous monopoly. I can't imagine if a person or institution capable of controlling and control a country in just a few hours

[TastyChillySauce00]

One of the factors is a cyptocurrencies dangerous monopoly. I can't imagine if a person or institution capable of controlling and control a country in just a few hours

your statement above quite confusing but i will point out the wrong thing you've said.cryptocurrencies which were made to be decentralised can't be controlled by some institution or government unless they own tons of coin and that's why it's called decentralized, if it can be controlled by some institutions or organziations then it will not being called decentralized

[deisik]

One of the factors is a cyptocurrencies dangerous monopoly. I can't imagine if a person or institution capable of controlling and control a country in just a few hours

your statement above quite confusing but i will point out the wrong thing you've said.cryptocurrencies which were made to be decentralised can't be controlled by some institution or government unless they own tons of coin and that's why it's called decentralized, if it can be controlled by some institutions or organziations then it will not being called decentralized

Where have you been?

People are now discussing what to do with Bitcoin mining having been centralized and monopolized by the Chinese miners for over a year by now. Note that they are no longer arguing whether such centralization actually exists, since it is already accepted as a fact of life with irresistible proofs which you can choose to ignore or deny, of course, but being ignorant or in denial is not very productive and constructive overall

[Hellacopter]

I think there is no special danger from using crypto currencies. Every currency could being used either on legal or illegal purposes, that's not particular to the crypto currencies.

[South Park]

One of the main attractions of bitcoin and the cryptocurrencies in general is in the fact that, government regulation and clearance tables are by-passed, so in the event that government imposes itself on bitcoin, which is most unlikely, then bitcoin would no longer be bitcoin and the interest would most likely water down. 

Bitcoin is still subject of any laws imposed by any government of the world, what bitcoin allows us is to have complete control over our own money since no government backs bitcoin or has control over the bitcoin network.

They can't freeze your account or something like that however if they discovery that if you are doing something illegal the government can fine you, arrest you and things like that so we will be never free of the government.

It is bitcoin has no control over any state, although I think China has an impact on cryptocurrency, but this fact does not change. But if it is legalized, then be sure to start problems including taxes.

Well, China has most of the miners and hashing power so we  must watch any development in China with the utmost care, and second I think every side income you make must be reported to the authorities so its subject to be taxed.

[nara1892]

I know. sometimes when I post on some thread here in order to join signature campaign to collect bitcoins, I forget people around me. I forget to talk to them. just like you, being dependent so much on computers scares me.

about CIA or the other organization controlling this bitcoin, I think it is possible because I just think, did Satoshi really create bitcoin without any benefit? or no people will take some advantages seeing this big chance on bitcoin? I am aware of it.

[n0ne]

Only major danger with bitcoin is the assurance of long lasting as its been developed to survive to some fixed year and coin generation. Users needs to use just with trust and hope that it will be there for a long as its completely not centralized. Now with its growing potential it is expected to be very strong for a very long term.

[darklus123]

   This topic just created many conspiracy theories, except that this thread is full with useless comments from people who didnt even read more then headline. Danger or not people will use bitcoins as long as they have some benefits from that. People do many dangerous things for profit and there is no point to talk about who created it, with what purpose, that doesnt mean nothing. If people make profit they will use it, secretly or not, illegal or legal, doesnt matter, as long you can earn money for yourself and your close ones.

The danger lies on the people using this. As you have said, people makes way to earn their income regardless of this is on the law or against the law. I wonder what are they trying to prove here but i would difinitely have to agree with you that this is some pointless topic for us to talk about.

[sportis]

Have you thought that bitcoin maybe the first step of this utopia? What if CIA behind this project? Would you still keep your money as bitcoins? Would you trust them? Do we know who the hell is Satoshi Nakamoto? I suure don't.

Do you believe that is easy for CIA or NSA to monitor a cryptocurrency like bitcoin globally? It is more easy bankers to cooperate each other with the help of secret services. Isn't it? Decentralized coins is the fear of financial institutions.

There is one big danger ahead. If the paper money gets removed, you will have no choice but to accept to get paid in crypto currencies. And to the big point:

If you keep your money in a goddamn computer, the government can rip you off instantly if they wanted it. I am not saying they aren't doing that already as most of us are keeping *our wealth in the banks. But cryptos will make their jobs easier. Much easier.

But if I let my money in the computers of a bank am I safe? Do I know what are they doing with my money? Have you ever listen about savings 'haircut' so your money go to save the damaged banks without anyone ask youif you agree about it?

 I am not sure if that's a good thing. Being dependent so much on computers just scares me.

Ordinary people should not be afraid about their bitcoins. What they fear are big bankers and those who control the banking system.

[rajasumi2]

The best way is that u can make a wallet and make transaction as soon as possible .ams i think u shoud not store bitcoins but rather u should spend bitcoins monthly and enjoy ur life fully ..kudoos