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Author Topic: do you know about improper use of bitcoin?  (Read 1456 times)
Sled
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December 04, 2017, 07:43:51 AM
#81

The improper use of bitcoin that i only know is when the people use it to do illegal transactions and take advantage of the anonymity of bitcoin which makes them stay under the radar. This is the improper use of bitcoin that resulted to have a lot of bad image in bitcoin because most of the people knows that bitcoin is just for illegal activities but they didn't know that bitcoin has a lot of good side rather than those negative sides that they are thinking.

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December 04, 2017, 10:35:03 AM
#82

the improper use that I think is sending bitcoin to a wrong address because transactions in the blockchain is irreversible so you cannot refund your transactions when it has been send to the wrong address so be really careful in sending always double check if the characters are correct and there is no missing or wrong letters or numbers.

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December 04, 2017, 10:39:24 AM
#83

Well we cannot deny that there are improper usage of bitcoin right now cause rule about bitcoin is not that strict or there are not any rules or laws about bitcoin and other cryptocurrency yet so we cannot blame anyone, it depends on the user on how will he use bitcoin in a good way or in bad way let's just discipline ourselves cause these type of things will really have a bad affect in bitcoin and no one wants that.

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December 04, 2017, 11:20:08 AM
#84

All I know about improper use of Bitcoin are; first since government cannot control Bitcoin they may use it as a channel or passage in illegal transactions on drugs. Second, lots of scammers/ hackers entered Bitcoin then,  it will not be traced. Lastly, the rules of Bitcoin are not that strict thats why lots of people abuses bitcoin. But we must also think that bitcoin has many positive side than the negative one.

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December 04, 2017, 12:04:13 PM
#85

I don't think that there are ways that we can use bitcoin improperly, all of us have different way to use bitcoin in our own life because we can maybe a trader who uses bitcoin as a tool to trade altcoins and to make more bitcoin and there are people who are using it illegally because they believed that it is the best way to use bitcoin for them, so i think that there is no improper way since we all have different ways of using it.

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December 04, 2017, 12:22:10 PM
#86

Yes man, in the traders community at my local, bitcoin are becoming more  improper and they are using it like a normal currency in exchanging even my goverment banned the Bitcoins.
hows that become improper?when bitcoin is design on any form of
payments,thats why its virtual currency to be use more often than physical
money.and besides its every users discretion to use it wherever or whatever
he wants..and its because the accessibility of bitcoin so people used it in anyways

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December 06, 2017, 10:46:45 AM
#87

The improper use of bitcoin that i only know is when the people use it to do illegal transactions and take advantage of the anonymity of bitcoin which makes them stay under the radar. This is the improper use of bitcoin that resulted to have a lot of bad image in bitcoin because most of the people knows that bitcoin is just for illegal activities but they didn't know that bitcoin has a lot of good side rather than those negative sides that they are thinking.
That痴 true, there are people who makes use of Bitcoin for illegal activities/business, but you can an never tell who they are, and you can also not stop them. There are lots of dark webs out there that even Google and other search engines can稚 identify/access/bring up on the search page. I hate it when people are using Bitcoin for the bad, cause that痴 a spoiler.

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December 07, 2017, 04:34:50 AM
#88

the improper use that I think is sending bitcoin to a wrong address because transactions in the blockchain is irreversible so you cannot refund your transactions when it has been send to the wrong address so be really careful in sending always double check if the characters are correct and there is no missing or wrong letters or numbers.
I don稚 think sending Bitcoin to the wrong address is an improper use of Bitcoin, that kind of situation can only occur out of the user痴 carelessness, cause I don稚 see he you can make mistake and send to the wrong address when every wallet out there let痴 you copy and paste instantly.

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December 07, 2017, 04:41:57 AM
#89

according to different observation i think few ways are available for abusing bitcoins transections such as Technical weakness , Greedy peoples ro dishonest people , proper management. i would like to describe above mentioned quotatin in briefly
1. technical weakness: we know its a peer to peer transection system throgh confirmed way. within a few second a dishonest  person can get more money by fast  clicking when submit second payment of different recipient.
2. proper management: there is so many lack of proper management of human or account holders. so many hackers want to hack system for getting money because bitcoins holder don't have any insurance like bank account holders. even government don't follow rules and regulation for virtual currency holders.
So what you think about it ?
It cant be helped but another one is using it as a savings account to transfer dirty money from drugs and any other illegal transactions. Its true that no one manages bitcoin cause you are the one who protectanand upgrade your security.

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December 07, 2017, 04:53:32 AM
#90

I know about it activity. I prefer to say cyber crime activity like what hacker do.
Hacker is un responsible people who want to steal money from other wallet.
I hope all bitcoiners know how to prevent the wallet from hacker.

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December 07, 2017, 05:13:51 AM
#91

the improper use that I think is sending bitcoin to a wrong address because transactions in the blockchain is irreversible so you cannot refund your transactions when it has been send to the wrong address so be really careful in sending always double check if the characters are correct and there is no missing or wrong letters or numbers.

haha lol, i think that is not improper use rather that is called a stupidity. improper use means that your using it the wrong way for example your  
your using your bitcoin on something illegal like buying drugs , guns or hiring a serial killer at the deepweb and also holding your bitcoin instead of using it to buy stuffs online or offline because bitcoin is a curency that works just like money therfor it should be use mainly for buying and not on holding. holding a bicoin is so inapropriate and improper because it makes a person to be greedy and wants more of it , in order for them to earn much profit when the bitcoins value goes to pump.

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December 10, 2017, 06:20:07 AM
#92

I think OP regards this issue in some technequlities that bitcoin users faces, which is really true, the securities that users encountering
But peolpe leads to the improper use of bitcoin, on how people spend and use it and where to use it, whih people involve in some criminalities that pays using of bitcoin.
Criminality has always been on even before the existence of bitcoin. Bitcoin anonymous characteristics (which is not even fully anonymous anyway), may be one of the reasons for us to keep looking at the fact that it makes criminal activities easy but we have to realize that even USD, gold etc. have always been used as a form of exchange for criminal activities in the past.

I know about it activity. I prefer to say cyber crime activity like what hacker do.
Yes, any types of crime can be defined as improper use of bitcoins. But crime activities are not just due to introduction of bitcoins hence every men do something  as per their needs.

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December 10, 2017, 06:35:51 AM
#93

according to different observation i think few ways are available for abusing bitcoins transections such as Technical weakness , Greedy peoples ro dishonest people , proper management. i would like to describe above mentioned quotatin in briefly
1. technical weakness: we know its a peer to peer transection system throgh confirmed way. within a few second a dishonest  person can get more money by fast  clicking when submit second payment of different recipient.
2. proper management: there is so many lack of proper management of human or account holders. so many hackers want to hack system for getting money because bitcoins holder don't have any insurance like bank account holders. even government don't follow rules and regulation for virtual currency holders.
So what you think about it ?
Bitcoin is decentralized which means transactions are not under the authority of the government which allows the users to use it as they would want to. As such, improper use of Bitcoin is based on how will it be used and where will it be spent. Crimes rekated to drugs is the most common improper way of using Bitcoin.

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December 10, 2017, 07:40:29 AM
#94

your using your bitcoin on something illegal like buying drugs , guns or hiring a serial killer at the deepweb and also holding your bitcoin instead of using it to buy stuffs online or offline because bitcoin is a curency that works just like money therfor it should be use mainly for buying and not on holding.
In my opinion there cannot be any improper use of bitcoins. Only mentally ill people may through out their bitcoins for no reasons. When someone is spending bitcoins for some reasons then we cannot call it as an improper usage of bitcoins. They spend it as per their wish.

holding a bicoin is so inapropriate and improper because it makes a person to be greedy and wants more of it , in order for them to earn much profit when the bitcoins value goes to pump.
Holding also will be done as per the decision of holder hence he is doing that for some reason and its consequences are out of focus to call holding as an improper use of bitcoins.
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December 10, 2017, 07:50:06 AM
#95

according to different observation i think few ways are available for abusing bitcoins transections such as Technical weakness , Greedy peoples ro dishonest people , proper management. i would like to describe above mentioned quotatin in briefly
1. technical weakness: we know its a peer to peer transection system throgh confirmed way. within a few second a dishonest  person can get more money by fast  clicking when submit second payment of different recipient.
2. proper management: there is so many lack of proper management of human or account holders. so many hackers want to hack system for getting money because bitcoins holder don't have any insurance like bank account holders. even government don't follow rules and regulation for virtual currency holders.
So what you think about it ?

as far as I know the proper use of bitcoin to transact payments, if crime for ransom crime is not appropriate, because transparent bitcoin technology makes it easy to track. so it's a good idea to use bitcoins for the right payment like buying legitimate items.

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December 22, 2017, 04:49:58 PM
#96

Bitcoin is now a thing govs check and research who is using it.


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LordDisick
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December 22, 2017, 10:51:11 PM
#97

Here in our country improper use of bitcoin is already rampant. They use bitcoin as front for investment schemes. And a lot are being victimized already thats why investors should be very careful to where they invest their money to bitcoin. And also before investing to bitcoin its important to make a research first to know where is legit and secure to buy bitcoin.
margielyn
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February 09, 2018, 12:09:22 PM
#98

My own opinion on improper used bitcoins is? when it is used in the wrong processes..example like when in the drug..and in criminals. things that people should not buy or use for no money and especially in scam. so need to be used correctly the bitcoins are not just self contained in life and family.
Carmen03
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February 09, 2018, 12:18:48 PM
#99

Improper use of bitcoin can result in unemployment taxes or lack of knowledge of a person. People use bitcoin or scam activities are just given stained to bitcoinrepulation in the eyes of uneducated people. Some people abused of having anonymous transaction.
berungan
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February 23, 2018, 08:26:29 PM

This bitcoin virtual currency is decentralized and unregulated and is not guaranteed by the central authority.
So terrorists and criminals also use cryptocurrency to their group advantage, because the transaction here is not kept awake, so it can not be traced.
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