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Author Topic: The Bitcoin Community Is Now Dominated by Speculators Not Criminals!!  (Read 1105 times)
rosyantony
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August 08, 2018, 09:14:14 AM
 #1

Currently, the ratio of legal to illegal activity on the bitcoin network has completely changed trend as the former surpasses the former. This was stated by DEA Agent Lilita Infante at the U.S Drug Enforcement Administration.

Is the number of criminals on the bitcoin network has significantly reduced compared to early days?

https://coinpedia.org/news/bitcoin-network-speculators-not-criminals/
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jademacoy
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August 08, 2018, 09:18:34 AM
 #2

Currently, the ratio of legal to illegal activity on the bitcoin network has completely changed trend as the former surpasses the former. This was stated by DEA Agent Lilita Infante at the U.S Drug Enforcement Administration.

Is the number of criminals on the bitcoin network has significantly reduced compared to early days?

https://coinpedia.org/news/bitcoin-network-speculators-not-criminals/
yes this is 100 Percent true that the dominance here in the bitcoin community is not the criminals or whatsoever groups that has been joining on the forum or community. As i have always see some threads and comments that is purely more on like speculations that will going to happen in bitcoin. But all of these speculations are not assurance.
DooMAD
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August 08, 2018, 01:16:54 PM
Merited by hilariousandco (1)
 #3

Most people would naturally arrive at the conclusion that speculators are preferable to people using Bitcoin to buy drugs, but one could argue that at least the drug users were engaging in some sort of trade.  A network where users are actually buying stuff with their bitcoins is better than a network of people who purely see Bitcoin as a means to increase their fiat holdings.

It might give more favourable headlines, but is it really better?  Many countries are softening their drug laws anyway, so what's currently considered illegal may not be so in future.  Personally I've never taken recreational drugs, but I have no issues with those who do.  As long as they aren't endangering or inconveniencing others in the process, it's up to them.

Coin-1
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August 11, 2018, 01:01:08 AM
Merited by hilariousandco (1)
 #4

I guess that the criminals decided to use Monero, Dash, ZCash or other anonymous crypto currencies, because their transactions can't be tracked. Yes, Bitcoin is quite transparent crypto currency, so BTC is trusted by many people.

Anyways, I think that the overall dark market was not reduced, but illegal activities are paid in other coins. Therefore currently the most of Bitcoin transactions are made by speculators.

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blackwell77
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August 11, 2018, 09:41:33 AM
 #5

yes, I also heard about it that the government of south korea has recognized crypto exchange as financial institutions. Financial authorities of South Korea have finalize their plans about it said by local publications.
pimkobai
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August 11, 2018, 10:33:26 AM
 #6

Yes, I definitely agree that most of the people in bitcoin community were mostly dominated by speculators who had strong support for bitcoin and not criminals. These speculators are also bitcoin investors hoping that bitcoin could grow further such that they could earn good return of investment.
painkiller321
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August 11, 2018, 11:50:29 AM
 #7

Yeah I agree with that big headline. It’s true that some groups are spreading rumors based on speculations. Sometimes people shout and get more conscious over speculations rather than the fact which leads to various misconceptions
Woundur
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August 11, 2018, 12:40:03 PM
 #8

Bitcoin community is neither dominated by criminal nor by speculators! Speculators people who buy drugs are using Bitcoin. It is some sort of good things that they are engaging themselves in exchange. But not all the speculators are good. Though as long as they are not doing harm to anyone they can be here!
Proo1947
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August 11, 2018, 01:38:58 PM
 #9

The DEA agent infante lilita has revealed that the illegal activities taking place through Bitcoin has shrunken to as less as 10% only. Initially many believed that this was a medium of transaction of criminal activities as the transactions occurs anonymously. But with the passage of time, Bitcoin has proved itself and the amount of illegal activities has reduced extensively.
KonstantinosM
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August 11, 2018, 01:46:08 PM
 #10

This whole thing is ridiculous.

You can´t easily label legal and illegal activity. Bitcoin is experimental, so of course it´s going to be dominated by speculators.

I've bought a variety of things with bitcoin but as it´s still in the early stages and gaining value, it´s increasingly harder to justify that.

We should embrace the people doing "illegal" drug trades using Bitcoin. And we should recognize that those trades should have never been illegal in the first place.


The laws against marijuana are for example, not supported by the majority of Americans yet they stay on the books. Why? Because of politics.

F**k the corrupt politicians and f*ck their DEA enforcement and their silly arguments.










FireEye58
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August 11, 2018, 02:06:20 PM
 #11

Yes it is true. Most of the people over here are also here just to speculate the activities of the market and the forum. They are just here to witness the BTC, that is what is going to happen to it.
jseverson
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August 11, 2018, 02:16:22 PM
Merited by hilariousandco (1)
 #12

It might give more favourable headlines, but is it really better?

I personally think so. I'm sure some speculators trade often too, and there's always a possibility of them seeing the merits of Bitcoin as a currency. It's anecdotal, but I know people who simply wanted to invest but was sucked in by the potential of the technology. It's not a bad idea to put crypto in the hands of people because you never know who might stick around.

I'd say not being associated with drugs is also a good thing, because it removes one potential reason for a government clamp down and it helps alleviate the stigma. Favorable headlines are inherently good for any subject too, especially for something that aims to be adopted by the general public.

Not that I care that people are using Bitcoin to buy drugs. The point is decentralization after all lol.

bontkoli01
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August 11, 2018, 03:57:05 PM
 #13

It’s not clear but some technical team contains anonymous and dominating the cryptomarket. But it’s not a easy task to understand how they do it.
bonballi
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August 11, 2018, 04:18:00 PM
 #14

Blockchain technology maintain anonymity that’s how it’s free from third party. So it’s being more secure and sustainable.
tonywangg
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August 11, 2018, 04:29:55 PM
 #15

BE careful what you wish for.  if you think the drug dealers are bad wait till the bankers and speculators get in here.  Shows you guys don't know who the real criminals are. 
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August 11, 2018, 04:43:28 PM
 #16

Of course, the number of criminals in the world has decreased, but many people still do not understand this. There are a lot of speculators in any financial market and the crypto currency market is no exception. I think that you do not need to think about it at all.
EmmyWork
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August 11, 2018, 05:32:06 PM
 #17

It is genuine that the predominance here in the bitcoin network isn't the hoodlums or at all gatherings that have been joining on the discussion or network. As I have dependably observed a few threads and remarks that is simply more on like hypotheses that will be going to occur in bitcoin. In any case, these hypotheses are not confirmed.
CryptoShooter
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August 11, 2018, 05:32:40 PM
 #18

Many people generally think that speculators are desirable over individuals utilizing Bitcoin to purchase drugs, yet one could contend that at any rate, the medication clients were taking part in a type of exchange. A system where clients are really purchasing stuff with their bitcoins is superior to anything a system of individuals who simply consider Bitcoin to be a way to expand their fiat possessions.
Vengeance007
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August 11, 2018, 06:15:41 PM
 #19

Speculators are manipulating market for a long time, it is good that finally it has come to light. But, to be honest, having accusations of criminal activities in crypto network would cause a higher magnitude of loss of reputation but still we cannot ignore the problem created by speculators who are only here for their own profit.
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August 11, 2018, 06:16:06 PM
 #20

I don't think having speculators are doing a lot of harm to the community. But, people who owns a huge amount of assets might get a hold of the market and control it as their wish which can be something to be concerned of. But, criminal activities can really tarnish the reputation of the community more the speculators in my opinion.
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