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Author Topic: Bitcoin will kill itself  (Read 3955 times)
aryaadikariyansyahsuwarto
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May 12, 2018, 01:16:03 AM
 #81

that's true, many factors can affect the contamination of the name of bitcoin, yes one of them you mentioned above. so we as bitcoin hunters, should be more careful about it, and always uphold the goodness in using bitcoin, so continue to get positive trend on bitcoin ..

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solarisexodus
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May 12, 2018, 01:19:01 AM
 #82

BITCOIN is termed by the skeptics as bubble... I myself considered bitcoin as the bubble, with its high risk and uncertainty in future. It is possible that bitcoin might kill itself but not the cryptos.
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May 12, 2018, 01:27:51 AM
 #83

that's true, many factors can affect the contamination of the name of bitcoin, yes one of them you mentioned above. so we as bitcoin hunters, should be more careful about it, and always uphold the goodness in using bitcoin, so continue to get positive trend on bitcoin ..

There will be always two side of the spectrum. And there are people who takes advantage of crypto's features that why its being exploited. But rest assured that not everyone who is on crypto is doing some shady things. Majority are here to make money in legal way and I don't think that bitcoin will just die because of others wrong doings. It might be regulated though, but I don't see any problem with that specially us who are here in legit way.

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bitcoinrunners001
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May 12, 2018, 01:28:41 AM
 #84

Sooner governments will look at this negative impact of bitcoin to established regulations that will soon kill crypto currency market.But as long as they are good thing about cryptos and many people experience help from bitcoin.I think it will continue to rise and remain as a strong currency.Bitcoin was made not to help those illegal activities to succeed but because bitcoin has a feature that would probably become a way to help corrupt officials or people bitcoin will be at risk.
rizkypurwati
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May 12, 2018, 02:20:40 AM
 #85

talking about pornography there must be some who agree to disagree, but blockchain is a great book that is very well ordered in processing data and it is the benefits of blockchain, does not rule out there will be a system that can regulate the problem of pornographic content, and I think this is not an obstacle that needs to be greatly exaggerated.
Tylev
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May 12, 2018, 04:02:47 AM
 #86

One of the best features of Bitcoin is it's anonymity. This is also one of the reason why countries are banning or at least hesitant to embrace the technology. From money laundering to illegal drug transactions to human trafficking. We always blame the FUD from mainstream media, financial institutions like banks, the government etal. But do you think, the one that would "kill" Bitcoin is actually the nature of it.

Here's another news where Bitcoin was being used in an illegal activity. This will raise a lot of eyebrows because it concerns our children.

http://www.news.com.au/finance/money/investing/bitcoin-could-become-illegal-after-its-blockchain-was-discovered-containing-child-abuse/news-story/bf486e6e8de453fd7ad2abba019952dd 
While anonymity bitcoin is very low and it is only going to improve. It has been calculated that bitcoin is used for illegal purposes in no more than ten percent of cases precisely because of its low anonymity. Criminals therefore use more coins with high anonymity - monero, Zcash, Dash. This is also why Japan wants to ban these coins.

States are slowly legalizing bitcoin not because of its high anonymity, but because of its high volatility. This is what prevents its rapid implementation.
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May 12, 2018, 04:13:04 AM
 #87

One of the best features of Bitcoin is it's anonymity. This is also one of the reason why countries are banning or at least hesitant to embrace the technology. From money laundering to illegal drug transactions to human trafficking. We always blame the FUD from mainstream media, financial institutions like banks, the government etal. But do you think, the one that would "kill" Bitcoin is actually the nature of it.

Here's another news where Bitcoin was being used in an illegal activity. This will raise a lot of eyebrows because it concerns our children.

http://www.news.com.au/finance/money/investing/bitcoin-could-become-illegal-after-its-blockchain-was-discovered-containing-child-abuse/news-story/bf486e6e8de453fd7ad2abba019952dd 

That's unlikely, bitcoin will not kill anyone. Decentralized bitcoin is one of the major advantages that bitcoin has and no one can control bitcoin prices any time, and therefore bitcoin is in demand.

gesdan
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May 12, 2018, 04:19:46 AM
 #88

yeah bitcoin anonymity is the main reason why county in the world is against bitcoin, and maybe it will makes their bitcoin is dean because of it. i want to see the news that you share but when o opened that link it says gateway timeout, i dont know why is it my internet connection or from the websote

jikurpa
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May 12, 2018, 09:29:22 AM
 #89

One of the best features of Bitcoin is it's anonymity. This is also one of the reason why countries are banning or at least hesitant to embrace the technology. From money laundering to illegal drug transactions to human trafficking. We always blame the FUD from mainstream media, financial institutions like banks, the government etal. But do you think, the one that would "kill" Bitcoin is actually the nature of it.

Here's another news where Bitcoin was being used in an illegal activity. This will raise a lot of eyebrows because it concerns our children.

http://www.news.com.au/finance/money/investing/bitcoin-could-become-illegal-after-its-blockchain-was-discovered-containing-child-abuse/news-story/bf486e6e8de453fd7ad2abba019952dd 
no one can know the future bitcoin will be like what later I think is getting a chance to profit in investing with bitcoin
bcoin01
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May 12, 2018, 09:43:50 AM
 #90

There's no way Bitcoin is dead. Bitcoin is the cornerstone of the crypto money world.
If the crypto world is so popular, it is because of Bitcoin and Eth. Thanks to Bitcoin and eth, the market is very valuable. Thousands of people became wealthy thanks to crypto money.
kalstarzz
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May 12, 2018, 08:56:28 PM
 #91

One of the best features of Bitcoin is it's anonymity. This is also one of the reason why countries are banning or at least hesitant to embrace the technology. From money laundering to illegal drug transactions to human trafficking. We always blame the FUD from mainstream media, financial institutions like banks, the government etal. But do you think, the one that would "kill" Bitcoin is actually the nature of it.

Here's another news where Bitcoin was being used in an illegal activity. This will raise a lot of eyebrows because it concerns our children.

http://www.news.com.au/finance/money/investing/bitcoin-could-become-illegal-after-its-blockchain-was-discovered-containing-child-abuse/news-story/bf486e6e8de453fd7ad2abba019952dd 
it seems that the news is just a way to drop enthusiasts bitcoin investors, and this can not be made an excuse. If an anonymous user bitcoin can trigger the crime it can still be in search for a solution to catch the criminals, for example working with an exchange or the bank countries add services as exchange. I think it can be made a solution.
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May 12, 2018, 09:57:39 PM
 #92

Bitcoin's built to be completely transparent, the opposite of anonymous. Pretty sure youre thinking about XMR.
MishaICO
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May 12, 2018, 10:05:23 PM
 #93

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maximkretov
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May 12, 2018, 10:05:27 PM
 #94

I think it will not happen that bitcoin will kill itself. everyone thinks that bitcoin will die because all currencies have fallen that now everything will go to the bottom. but no if schyas dipped bitcoin this is a good thing because I'm expecting soon a very large the growth of cryptocurrencies and of course bitcoins!
Prettyme
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May 12, 2018, 10:06:27 PM
 #95

One of the best features of Bitcoin is it's anonymity. This is also one of the reason why countries are banning or at least hesitant to embrace the technology. From money laundering to illegal drug transactions to human trafficking. We always blame the FUD from mainstream media, financial institutions like banks, the government etal. But do you think, the one that would "kill" Bitcoin is actually the nature of it.

Here's another news where Bitcoin was being used in an illegal activity. This will raise a lot of eyebrows because it concerns our children.

http://www.news.com.au/finance/money/investing/bitcoin-could-become-illegal-after-its-blockchain-was-discovered-containing-child-abuse/news-story/bf486e6e8de453fd7ad2abba019952dd 
i think yes, it has the possibility that it would kill itself because of its anonymity. But i think its not the biggest factor that makes the bitcoin dead. its the people who use bitcoin in a negative way such as using it in illegal drug transaction.

mikki14
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May 12, 2018, 10:26:39 PM
 #96

One of the best features of Bitcoin is it's anonymity. This is also one of the reason why countries are banning or at least hesitant to embrace the technology. From money laundering to illegal drug transactions to human trafficking. We always blame the FUD from mainstream media, financial institutions like banks, the government etal. But do you think, the one that would "kill" Bitcoin is actually the nature of it.

Here's another news where Bitcoin was being used in an illegal activity. This will raise a lot of eyebrows because it concerns our children.

http://www.news.com.au/finance/money/investing/bitcoin-could-become-illegal-after-its-blockchain-was-discovered-containing-child-abuse/news-story/bf486e6e8de453fd7ad2abba019952dd  
It always depends on people on how they will use it and the leader of their countries. The IT also have a big role on this. The issue of drugs have been a big problems all over the world. Bitcoin has nothing to do with it, yes it can be used for transactions anonymously but you should know that you are not 100% anonymous because bitcoin transactions and addresses are all unique, you can still be tracked from those. A murder case was solved before because he paid a man (don't know what should I call him), for the drug to be used for his wife. And you'll be surprised. He is proven guilty because of his transaction record on his PC and iphone (and icloud). Coz if you are a good IT, you know that Delete doesnt really mean delete no matter what you do.
Countries should learn from blockchain technology, there are so many ways to use it for the betterment of the government and its people. We shouldn't judge it from one aspect.

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May 12, 2018, 11:14:10 PM
 #97

I think this information is not correct. You are trying to make the newcomers fear. And they sold many BTCs to the market. But I insist that the BTC will exist forever, last forever and prices will continue to rise in the future.
Rossy Akbar
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May 12, 2018, 11:20:57 PM
 #98

Well, I think most of people knows that bitcoin was that risky, bitcoin was so anonymous and also a lot of people has think that bitcoin is just the tools of drug transaction or human trafficking etc,  but if they can look into more deep they can see how the people can invest their assets and work with bitcoin. I'm not sure what will happens in the future because bitcoin also was unpredictable, so I just take any single profit what I can get now.
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May 12, 2018, 11:57:35 PM
Last edit: May 13, 2018, 12:28:36 AM by Vannie12
 #99

It may have sense. Since bitcin depends on the users' investments.
It is not actually the anonymity that will kill bitcoins but in a sense I could hide manipulators that are involved in Cryptos.
We could not tell if those who manage to invest are withim the government or not or illegal transactions such as laundering.
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May 12, 2018, 11:58:37 PM
 #100

This won't happen in the short or long run, because bitcoin is just a success of the evolutionary blockchain technology. I don't find any reason stating bitcoin getting lead towards destruction. Regularly hard regulations were getting implemented, but it has overcome those with ease causing growth. The only threat that it faces is the regulation and ban from different governments.
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