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Author Topic: do you know about improper use of bitcoin?  (Read 1562 times)
pritibitisi
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July 20, 2018, 12:33:36 PM
 #141

Its so sad that Bitcoin is being use in illegal matters setting a bad reputation to bitcoin
to ignorant people who doesnt even know anything about bitcoin but invest in a big profit return scheme
that normally turn into scam.
Ignorance and greediness of people are the reasons why some people can use bitcoin illegally and improperly
for their own sake .

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July 20, 2018, 12:52:33 PM
 #142

Some users of bitcoins tend to use bitcoin for illegal purposes.Using its name to attract and engage in some investments which later on leaving investors behind and getting all their money and then going away.
 

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July 21, 2018, 05:11:35 PM
 #143

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 ?
I think that every possibility of any currency to became anonymous is a temptation for some bad guys to perform their filthy deeds with those currencies. Bitcoin is not an exclussion from that.

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July 22, 2018, 01:15:00 AM
 #144

Some users of bitcoins tend to use bitcoin for illegal purposes.Using its name to attract and engage in some investments which later on leaving investors behind and getting all their money and then going away.
 

Bitcoins can be used illegally like they can transfer drugs and being payed using cryptocurrecny without being noticed by the police and that is the reason some other countries are doubting about bitcoins.

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July 23, 2018, 09:36:27 AM
 #145

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 ?
Improper use of Bitcoin mainly has to do with hackers, thieves and a lot of evil activities that are being done by cyber criminals. It is one of the main reason why some people don’t even want to make use of Bitcoin.

I was once discussing with someone about Cryptocurrencies and he said that the reason he doesn’t want to get into such is because of hackers and that he’s heard stories on how exchangers were hacked and Bitcoins stolen.But all these things can be avoided.
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July 28, 2018, 05:59:43 AM
 #146

Yes! bitcoin is digital currency that can we use as money because bitcoin is accepted  as means of of payment of a something, so in that case some criminal take advantage the modern world  and they use bitcoin in their illegal activities like buying illegal firearm and a like.
Bitcoin also uses to scam people that has not enough knowledge about crypto. Many are using it for illegal activities that if do not reduce, government have to stop by banning bitcoin and all get affected from it. Though bitcoin gives many benefits, we have to use it properly because the acceptance of it depends on the user of it.
Exactly. Those who are fooled are those who do not have the knowledge and the greed that can not be self-directed. This will lead to many bad consequences for this financial market. To be fair, there should be a proper way to equip yourself with the knowledge and skills to enter the market professionally. Not afraid of failure
Achieve higher goals. I think so.
In my opinion, it all depends on the person who has bitcoins in his wallet and the way he uses his bitcoin. There are using bitcoin for the sake of gambling as well as illegal activities but this has nothing to do with the reputation of the bitcoin as there are also making much higher market value because of doing the right thing at the right time.
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July 28, 2018, 06:40:49 AM
 #147

Improper use of bitcoin can be ascribed to criminal activities, cyber theft and attacks and other such hideous things. Because there is no identification of the buyer or seller other than there wallet adress, it is very popular among criminal minded cyber-active peoples to get away with it. Same is the case for cyber security threats and different kinds of ransomwares. Recently in the ransomware attack, the money asked was to be given in forms of butcoins only.
Yes, i do agree on your statement. It is improper used by the criminals due to its anonymous transactions. It must have addressed in order for the reputation of its proper usage.

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July 28, 2018, 06:52:10 AM
 #148

For me, it’s just like money that can be used in good or bad ways. Speaking of bad ways, it is in form of launching a ponzi scheme, criminal activities, scamming others and so on. The big difference is that Bitcoin is decentralised and anonymous, which is hard for us to trace the culprit who is doing such bad things with this virtual currency.














 

 

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July 28, 2018, 07:48:54 AM
 #149

Some users of bitcoins tend to use bitcoin for illegal purposes.Using its name to attract and engage in some investments which later on leaving investors behind and getting all their money and then going away.
 

Bitcoins can be used illegally like a money laundering for drugs and it s one of the reason why governments did not want cryptocurrency in their area.
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July 29, 2018, 07:14:21 PM
 #150

Some Bitcoin users for money laundering or corrupt purposes are an improper use of Bitcoin. To use Bitcoin properly, we should use Bitcoin for payment purposes such as shopping, buying electronics or even buying a house. That is use Bitcoin properly
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July 29, 2018, 07:28:32 PM
 #151

Some users of bitcoins tend to use bitcoin for illegal purposes.Using its name to attract and engage in some investments which later on leaving investors behind and getting all their money and then going away.
 

Bitcoins can be used illegally like a money laundering for drugs and it s one of the reason why governments did not want cryptocurrency in their area.
Criminals are the first Bitcoin users in the world. In 2012, some news said that terrorist organizations are using a cryptocurrency to buy and sell illegal weapons. So many countries still believe that this is real news

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July 29, 2018, 08:15:39 PM
 #152

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 ?

Blockchain technology is designed to prohibit hacks and multiple transactions taking place at the same time. Every transaction happens on its own blocks, then how will there be any issues by fraudulent attacks? Just go through how blockchain system works then probably you will certainly have more confident on crypto transactions. The main think is you need to keep your wallets / accounts safer with secured options provided by the concern providers. Another thing is any mode of currency either crypto or fiats, can be used for legal and illegal purposes. It depends on the individuals not with what currency we do use.

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July 30, 2018, 09:48:44 AM
 #153

To use bitcoin properly, you need to learn a lot about the electronic money market, so learn about the fraud problem to avoid losing your investment. Avoid black transactions on deep webs, as you can not tell where you are dealing with any element, possibly terrorists.
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July 30, 2018, 10:35:58 AM
 #154

Using bitcoins for illegal transactions are some of the improper ways of using bitcoin. These transactions are risky and dangerous and should be avoided as much as possible.
I have also heard of this. its not only an improper use of bitcoin but also very illegal and dangerous.

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July 30, 2018, 10:45:39 AM
 #155

The concept of "improper" use of bitcoin is probably looking for someone. For those who created this tool - it is ideal and fulfills its role in collecting world capital. And for ordinary users it's a risky game with a casino, where in the end only the casino will win.
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August 01, 2018, 05:32:24 AM
 #156

yes i do understand  the improper use of bitcoin
As long as we are try to promote good picture of bitcoin, we also try to show people that those who are using this positive thing for wrong purposes, they are making big mistakes. Although right now this can’t be traced back and theses people can’t get caught but soon this would be under a solution. Thus these people may suffer from their activities to harm others.

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August 01, 2018, 05:59:21 AM
 #157

yes i do understand  the improper use of bitcoin
As long as we are try to promote good picture of bitcoin, we also try to show people that those who are using this positive thing for wrong purposes, they are making big mistakes. Although right now this can’t be traced back and theses people can’t get caught but soon this would be under a solution. Thus these people may suffer from their activities to harm others.
In large picture of Bitcoin, about how it is being using and educating them to people who interest to learning it. But improper of using was become criminal since Bitcoin has been going popular and takes it advantages to do transaction without tracking.
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August 01, 2018, 06:44:34 AM
 #158

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 ?

I think you are totally right about that, the improper use of bitcoin is use it as a tool to scam other people. Many bitcoinist do that and it is spreading all over the world, and because of it Crypto World is banned in some country. I think we always misused Bitcoin in our own ways. But actually it depends on people. As long as people knowthe proper use of it then it can avoid to improper used of Bitcoin or other cryptocurrency that might be cause of some trouble in Crypto World.

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September 12, 2018, 06:04:52 PM
 #159

The major improper use of bitcoin will have to do with all kind of financial crimes. All these are possible as a result of decentralization and anonymity. There is no record of identity for users. The only thing that is mainly available after a cryptocurrency transaction is the wallets of the users.

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September 12, 2018, 06:47:04 PM
 #160

Yes. People now use bitcoin to carry out all kind of criminal activities such as money laundering, drug traficking and funding terrorism.
This could be attributed to its anonymous structure.
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