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Author Topic: do you think bitcoin is controversial ?  (Read 3313 times)
kolbalish
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December 07, 2017, 09:30:16 AM
 #81

In my opinion, it has two sides and both are depend on the knowledge power of anybody. If anyone who have not enough knowledge about Bitcoin,then he or she will think Bitcoin is controversial. But actually it is not for those who are already known about it's details. I know about Bitcoin and I think Bitcoin isn't controversial.

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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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December 07, 2017, 10:08:40 AM
 #82

Bitcoin is controversial for those who are still not able to gather knowledge about Bitcoin.I'm a Member of it's forum and I know about it.For me and all users who are known about it and it's users will probably say that it isn't controversial. So,it depends on knowing about it's details. 

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December 07, 2017, 10:20:43 AM
 #83

This is happening all over the forum and in real life when people still claim that Bitcoin is illegal and that Bitcoin participants are illegal. So many people do not like Bitcoin. However, when they know its value, they feel surprised and suspicious of the coin. Because they think it contains illegal activities such as money laundering, corruption, etc. So they further away from it and prevent their family members from using it. However, the fact Bitcoin has helped many unemployed people make money, helping the economy of a country to be improved and developed, helping people access to the technology in the future. So, if you know Bitcoin well, you will find it to be a future currency, which should be developed and widely used.

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December 07, 2017, 09:01:36 PM
 #84

The sudden rise of Bitcoin, and in particular the much publicized volatility in the Bitcoin market, has seen many dismiss the currency as a fad, a bubble, or a scam. Adherents have replied with the kind of smug superiority that often accompanies early adoption of a technology.
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December 08, 2017, 12:01:16 AM
 #85

Bitcoin is getting highly controversial in the recent days and the main reason I consider is the skyrocketing price. All the other things like illegal transportation of money or buying things using Bitcoin on dark web also took place in the past. But it never got attention like it has got  at the present time and all these things are happening due to increase in price. The main heading one can find are like investors getting rich, Bitcoin doubly- tripled its value in couple of months and so on. But all these controversies have also helped Bitcoin in gaining new users, helping to increase market cap and increase its price.
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December 08, 2017, 12:17:05 AM
 #86

Talking about controversial of bitcoin. Im only refering my obsevation basically bases in my country people phillipines. I dont ever any significant news from media newscaster about what is the reality of bitcoin is all about. Because talking about controversial it comes from tv news broadcasting or some radio broadcasting also. But my knowledge about bitcoin controversial is based only on my friends who told me to access bitcoin because its a profitable soon. Not only one of my friend but lots of people who being access bitcoin nationwide. Thats only my basis on how bitcoin is controversial.

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December 08, 2017, 06:13:56 AM
 #87

Bitcoins have been controversial since their inception. But the difference today is that people on the favouring side of this controversy are enough today to fight off the side against it. Every coin has two sides and bitcoin is no different. One needs to understand that bitcoin comes with its own disadvantages. Considering its demerits today there is no way that it could ever be useful as a currency. It has now merely become an assset for investment so I don't think govts. need to worry about it much.
Yes generally it is controversial since it is unusual. the big thing like bitcoin require something like that! Otherwise it won't go big as the attractive things come from it.

Just look at the price of bitcoin right now , it is indeed make people wondering and some of them accusing bad about it.

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December 08, 2017, 07:34:17 AM
 #88

I do not think bitcoin is controversial, since bitcoin is the digital currency and for everyone. And bitcoin prices will continue to increase over time as well as almost all countries that have received bitcoin.
 
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December 10, 2017, 07:38:43 PM
 #89

as we know so many reason to make controversial bit coin currency in practical or real media sanitation. if  we observe very carefully  few past few years we have seen that  criminal activities  or occurrence  are occurred by the help of hackers and trader make it famous moving thousand of dollars outside by cheating  with government law enforcement for that reason value of bitcoin increasing very high. even they make money away from center bank and government unable to hold money from general people and through this process people convert this money into different things. i think this is enough for making controversial and what do you think about my think ?
Its true that bitcoin is used by some people for money laundering.But it is already done even when bitcoin was not in existence.To avoid such money laundering activities,government could imply new rules and regulate bitcoin and enforce new restrictions to bitcoin exchanges.This could be a solution and totally banning or just criticizing bitcoin would not be useful.Bitcoin could not be completely stopped and the governments should realize this truth.
One thing you need to understand is that money laundering at a big scale needs by definition to go through banks and many corrupt politicians, there is no other way to hide so much money, with bitcoin existence this means bank could lose a big way to make money and they are not liking this, so bitcoin affects the interests of both banks and governments.
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December 10, 2017, 11:34:08 PM
Last edit: December 11, 2017, 08:02:30 AM by ladydark
 #90

Bitcoin could not be completely blamed for that.Its up to users who decide to use bitcoin.It was earlier adopted and used by dark markets or what it is criticized for,but it has users universally and is used for multi purposes.Its an innovative technology created for sending P2P transactions without involving banks.Only the entry of wall street companies make a little bit confusion whether it would be as it was these much days or would it be just a speculative product for manipulation.

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December 11, 2017, 12:08:11 AM
 #91

The allegations that you made here are not why I think that Bitcoin is controversial. I think more that Bitcoin has become controversial (its not from its nature), because it is now being traded just like another commodity that financial speculators use. As it was intended to serve as a decentralized digital currency and therefore as a means of payment, its controversial that its nowadays just became another form of capitalism.
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December 11, 2017, 12:38:21 AM
 #92

I think its controversial in the financial industry since many had already getting into bitcoin. We can see that its really getting into the market and its making a big impact to the economy and to the society as a whole. Its gives livelihood to everyone. Its also a new way of investments and forms of payment specially in this digitalization world.

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December 11, 2017, 12:42:57 AM
 #93

For me like a beginner, it will be assumed like that. But as you would open your mind and look at the marketplace in trading online specially about crypto currency, you can start to notice the the word "Bitcoin" there. Even in the business page of the newspaper I start to notice it as they are talking about it. Then comes my friends talking about it so for me it becomes controversial why people talking about it then it changed their lives, they can have additional income out of their jobs. So, at first it will be controversial, when hearing advantages and disadvantages, but when you are in it, it does not matter but keep on working for it to be part of our lives.
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December 11, 2017, 12:47:48 AM
 #94

I think bitcoin is definitely controversial, is very popular because they have more users so that I think 70- 30% users, 70 users and 30 not,its very most controversial specifically to the famous person.

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December 11, 2017, 12:52:37 AM
 #95

as we know so many reason to make controversial bit coin currency in practical or real media sanitation. if  we observe very carefully  few past few years we have seen that  criminal activities  or occurrence  are occurred by the help of hackers and trader make it famous moving thousand of dollars outside by cheating  with government law enforcement for that reason value of bitcoin increasing very high. even they make money away from center bank and government unable to hold money from general people and through this process people convert this money into different things. i think this is enough for making controversial and what do you think about my think ?
Well bitcoin has been really controversial since then. A lot of economists don't even want to try knowing what it can brings to people. For some reasons, there a lot of chances that bitcoin can be better than the fiat money since this can be transacted without being noticed publicly or let's say in the bank per se. People can do a lot of mischievous thing through it just as how these people are doing the same things with their dollars. So, I think it still depends on the user on how and where they will use it.

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December 11, 2017, 12:58:30 AM
 #96

Obviously bitcoin is controversial so that if someone new to bitcoin will be hard to understand, but bitcoin has enormous potential, can provide income and help a country in economic growth.
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December 11, 2017, 01:10:48 AM
 #97

I think its the same for both sides even if it's fiat or digital currency cause fiat currency have also done illegal things and exploitation just to increase it's price. Remember gadhafi a said dictator in middle that doesn't want to accept US bank and became a terrorist because of this. Bitcoin became controversial because it empowers the people to use their money freely that's why centralized bank hate it cause they can't control it.

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December 11, 2017, 01:29:50 AM
 #98

Bitcoin is actually one of the most controversial issues at present. Maybe because of its very high exchange rate in the economy when compared to all other crypot currency. It is also one way to make money that easy and if you word harder you will really reach your goals. You can be rich in a flash because of bitcoin. Everything is really possible when you put so much effort in it. As time passes by, bitcoin keeps on increasing its exchange value which amazed a lot of bitcoin user. It is truly a blessing to everyone who has been with bitcoin for years. This has changed a lot of lives in just a short span of time. It helped the economy lift up.
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December 11, 2017, 01:44:13 AM
 #99

Bitcoin is actually one of the most controversial issues at present. Maybe because of its very high exchange rate in the economy when compared to all other crypot currency. It is also one way to make money that easy and if you word harder you will really reach your goals. You can be rich in a flash because of bitcoin. Everything is really possible when you put so much effort in it. As time passes by, bitcoin keeps on increasing its exchange value which amazed a lot of bitcoin user. It is truly a blessing to everyone who has been with bitcoin for years. This has changed a lot of lives in just a short span of time. It helped the economy lift up.
Yes, because more people around the globe who are talking and engaging in bitcoin and what makes it more popular?  because of its value that continues goes high then the government in every nation still not fully support or accept the complete legality of bitcoin for public used and that things makes the noise of bitcoin in entire world.

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December 11, 2017, 02:52:22 AM
 #100

Bitcoin is actually one of the most controversial issues at present. Maybe because of its very high exchange rate in the economy when compared to all other crypot currency. It is also one way to make money that easy and if you word harder you will really reach your goals. You can be rich in a flash because of bitcoin. Everything is really possible when you put so much effort in it. As time passes by, bitcoin keeps on increasing its exchange value which amazed a lot of bitcoin user. It is truly a blessing to everyone who has been with bitcoin for years. This has changed a lot of lives in just a short span of time. It helped the economy lift up.
Yes, because more people around the globe who are talking and engaging in bitcoin and what makes it more popular?  because of its value that continues goes high then the government in every nation still not fully support or accept the complete legality of bitcoin for public used and that things makes the noise of bitcoin in entire world.

indeed for time being the government in every country almost completely does not give positive support for bitcoin development especially for its legalization, even the government in my country has drafted a law for prohibition of bitcoin use, it is a very unwise decision if the government really will ban bitcoin in my country 2018.

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