Bitcoin, blockchain, technology that does miracles

[freebutcaged]

Bitcoin, technology that does miracles.
All of us know that Bitcoin is a new technology based on blockchain, but what can be done by Bitcoin? well, first of all, more than hundreds of thousands online shops all over the world accept Bitcoin as a money to buy their products with, secondly, you can transfer as much as money you want without the interference of central banks. this causes many people think of it as a miracle.
You don't need any permission and also no written contract or signature from anybody to own millions of dollars in Bitcoin, this means that you can easily convert millions of dollars to Bitcoin assuming that you know how and easily you can hide all of those money from the records and you would be able to avoid paying some of your taxes without actually doing anything illegal because nobody can prove that you have all of those money if you don't tell them. Bitcoin would give you complete financial freedom, no doubt.
The other point about Bitcoin is that you don't need any Swiss bank to hide your money if you don't want anyone know about how much money you have. you would be able to carry millions of dollars on a piece of paper and no one knows anything about it.

This must be said that many illegal jobs which are crimes in most of the world has become easy to do because of Bitcoin, in fact
This is one of the disadvantages of this electronic currency, another disadvantage is the fact that you or anyone else can do
Money laundering without fearing of the law, you can blackmail and no one can follow your transactions back to you. all of this
Doesn't mean that Bitcoin is bad.
What makes Bitcoin a miracle is that you are your own banker, doesn't make any difference how much you have, if you deposit
A large sum of money in a bank, they start asking many questions that no owner of Bitcoin has to answer them.

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[ImHash]

you don't need any Swiss bank to hide your money if you don't want anyone know about how much money you have.

You could achieve that even without bitcoin, You could hide your money somewhere without anyone knowing about it but that comes with the risk if someone finds the money, With bitcoin it would be easier to keep your money safe.

if you deposit
A large sum of money in a bank, they start asking many questions that no owner of Bitcoin has to answer them.

If you deposit a large sum of money in a bank they would pay you interest, No bank would ask any questions, Governments would only know how much money you have if you deposit them in banks, You are trying to make bitcoin sound like a real miracle, Which could be for so many people I know I promised you some merits for constructive post but this is something we all know, There is nothing new, Maybe this could be useful for noobs.

[DeluxeJR]

I agree with everything mentioned above about the use and the benefits of Bitcoin and blockchain technologies. Also I want to point out the number of jobs that are created due to this technology. Many people find their way out of unemployment and their earn an income due to this industry.

[ImHash]

I agree with everything mentioned above about the use and the benefits of Bitcoin and blockchain technologies. Also I want to point out the number of jobs that are created due to this technology. Many people find their way out of unemployment and their earn an income due to this industry.

I merited the OP after reading your post, he doesn't have a paid signature as well About the number of jobs, I don't know if cryptocurrency is a good option to pay people with, I was discussing the same subject in my last post, You could certainly use bitcoin or any other crypto as the payment to pay your employees with but with the volatility and fluctuations of prices it would be better if you could pay them with fiat and they could buy bitcoin with it.

[fairytale]

The creation of bitcoin and blockchain is another result of our todays technology.These technologies offers a variety of convienience of transactions over the internet via a blockchain which dealt to people who uses bitcoin around the world.Bitcoins and blockchain opens a gateway for unemployed people to have an income and also make an investment unto it.

[AXELNetwork]

This must be said that many illegal jobs which are crimes in most of the world has become easy to do because of Bitcoin, in fact
This is one of the disadvantages of this electronic currency, another disadvantage is the fact that you or anyone else can do
Money laundering without fearing of the law, you can blackmail and no one can follow your transactions back to you.

It's a bit of a misconception that Bitcoin is used for illegal activities. It used to be that way in the early days and on the dark web but things have changed now. You see more money laundering from real estate than you do from Bitcoin.

[vy99]

I agree with everything mentioned above about the use and the benefits of Bitcoin and blockchain technologies. Also I want to point out the number of jobs that are created due to this technology. Many people find their way out of unemployment and their earn an income due to this industry.

I merited the OP after reading your post, he doesn't have a paid signature as well About the number of jobs, I don't know if cryptocurrency is a good option to pay people with, I was discussing the same subject in my last post, You could certainly use bitcoin or any other crypto as the payment to pay your employees with but with the volatility and fluctuations of prices it would be better if you could pay them with fiat and they could buy bitcoin with it.

So, are you giving merit away? 

As for paying people in crypto, if they're willing/wanting to get paid in Bitcoin then I think employees should oblige.

[jvdp]

DT and moderators should look around this thread and the first two posters who have quoted here on this thread. These seems alt accounts and shared the merits on his own thread which is copied from Google search.

Kindly check the thread and take action against it if you find these both are same person. OTHERS PLEASE DO NOT MAKE POST AND GET INTO THE PROBLEMS.

[levvv]

Back then when cryptocurrency has been created for the first time in 2009, bitcoin, many peoples were ignoring new technology called cryptocurrency.
And now you can see bitcoin value has gone very high in the market. The lesson i got is, we must open to any kind of new technology.
Not just ignore it, instead we can learn and study them, and decide we use it or not.

[pooya87]

This must be said that many illegal jobs which are crimes in most of the world has become easy to do because of Bitcoin, in fact This is one of the disadvantages of this electronic currency, another disadvantage is the fact that you or anyone else can do Money laundering without fearing of the law, you can blackmail and no one can follow your transactions back to you.

first of all you can't call it a disadvantage because bitcoin is just a tool and is being used by all kinds of people just like anything else. each object in our lives has a real purpose but it is used for many things but they don't define it and they are not considered disadvantages.

also i would disagree with calling it "became easy" because it is not at all easy since bitcoin transactions are traceable  compared to using fiat for instance so imagine you launder money using bitcoin. instead of hiding your tracks now you have a big footprint on the blockchain for everyone in the whole world to see!!!

[freebutcaged]

DT and moderators should look around this thread and the first two posters who have quoted here on this thread. These seems alt accounts and shared the merits on his own thread which is copied from Google search.

Kindly check the thread and take action against it if you find these both are same person. OTHERS PLEASE DO NOT MAKE POST AND GET INTO THE PROBLEMS.

Shit posting fuck, who let you in a campaign to post off topic? I dare you to find something exactly like my post by searching

In google.

also i would disagree with calling it "became easy" because it is not at all easy since bitcoin transactions are traceable  compared to using fiat for instance so imagine you launder money using bitcoin. instead of hiding your tracks now you have a big footprint on the blockchain for everyone in the whole world to see!!!

Mixers can solve the footprint problem.

[Kakmakr]

What you posted OP, was the manifesto of a scammers paradise. 

Yes, Bitcoin can cross borders without restraint or restrictions of governments, but when you want to convert back to fiat, your problems will start.

Yes, you can own millions of bitcoins, but the moment when you buy something expensive or when you want to convert some of that to fiat currency, then you will have to explain to the authorities, where you got it from. <Lifestyle audits target>

Yes, you do not have to store your wealth in Swizz bank accounts, but how are you going to use it? The moment when I book a airline ticket, my Bitcoin transaction is linked to my real identity or when I buy that Lamborghini <I must be registered in your name>

Everything in the real world, leave a paper trail. 

[Hammer45head]

This must be said that many illegal jobs which are crimes in most of the world has become easy to do because of Bitcoin, in fact
This is one of the disadvantages of this electronic currency, another disadvantage is the fact that you or anyone else can do
Money laundering without fearing of the law, you can blackmail and no one can follow your transactions back to you.

It's a bit of a misconception that Bitcoin is used for illegal activities. It used to be that way in the early days and on the dark web but things have changed now. You see more money laundering from real estate than you do from Bitcoin.

I happen to agree here. Moreover, Bitcoin, due to its underlying technology, i.e. blockchain, is quite risky for illegal activities since the entire system is a digital ledger, i.e. a registry of all transactions between all parties and the ledger just cannot be changed or deleted, which means every transaction is potentially traceable and you just cannot hide because of it. So, taking into account what I've said, I believe using Bitcoin for illegal activities sounds a little absurd.

[jonasvdv]

There is no doubt that Bitcoin has an enormous amount of advantages, but I believe that we still need to go a few steps further and achieve real practical and massive use in all sectors of the economy.

[shield132]

The benefits which bitcoin brings us are amazing but it's absolutely nightmare for banks and goverment if they can't control it. Seems you know bitcoin is used for a lot of dark things. But I want to separately talk about blockchain. This technology even alone is really amazing, it's really a future because of it's features.
So I halfly agree you. You say bitcoin is miracle but others say not, we all talk from our opinion. For us, bitcoin is good, for banks/goverment it's bad, both side have right arguments too.

[jonasvdv]

This must be said that many illegal jobs which are crimes in most of the world has become easy to do because of Bitcoin, in fact
This is one of the disadvantages of this electronic currency, another disadvantage is the fact that you or anyone else can do
Money laundering without fearing of the law, you can blackmail and no one can follow your transactions back to you.

It's a bit of a misconception that Bitcoin is used for illegal activities. It used to be that way in the early days and on the dark web but things have changed now. You see more money laundering from real estate than you do from Bitcoin.

I happen to agree here. Moreover, Bitcoin, due to its underlying technology, i.e. blockchain, is quite risky for illegal activities since the entire system is a digital ledger, i.e. a registry of all transactions between all parties and the ledger just cannot be changed or deleted, which means every transaction is potentially traceable and you just cannot hide because of it. So, taking into account what I've said, I believe using Bitcoin for illegal activities sounds a little absurd.

I don't think Bitcoin or any other cryptocurrency will be used for illegal purposes, because people who engage in illicit activities are looking for visible markets such as real estate and traditional businesses, damaging the image of cryptocurrency by a few criminals seems unfair to me.

[AXELNetwork]

This must be said that many illegal jobs which are crimes in most of the world has become easy to do because of Bitcoin, in fact
This is one of the disadvantages of this electronic currency, another disadvantage is the fact that you or anyone else can do
Money laundering without fearing of the law, you can blackmail and no one can follow your transactions back to you.

It's a bit of a misconception that Bitcoin is used for illegal activities. It used to be that way in the early days and on the dark web but things have changed now. You see more money laundering from real estate than you do from Bitcoin.

I happen to agree here. Moreover, Bitcoin, due to its underlying technology, i.e. blockchain, is quite risky for illegal activities since the entire system is a digital ledger, i.e. a registry of all transactions between all parties and the ledger just cannot be changed or deleted, which means every transaction is potentially traceable and you just cannot hide because of it. So, taking into account what I've said, I believe using Bitcoin for illegal activities sounds a little absurd.

Yeah here's an article that covers what I was talking about earlier: https://blog.bitmex.com/money-launderers-use-property-not-bitcoin/

[hatshepsut93]

First, Bitcoin is not based on some "blockchain technology", blockchain was created as one part of Bitcoin's protocol. Other's have taken this part and tried to give it a new spin, claiming that it's a fundamental technology that will change the world, but in reality they are simply trying to distract investors from Bitcoin and grab money on hyped market. Bitcoin is hundreds of times more useful than any "blockchain technology".

Next, Bitcoin is not doing any miracles so far, its adoption is still low, and in the end its just money - it alone can't change the world, solve economic and social problems, make everyone rich and so on, even if everyone in the world will be using it.

[Docnaster]

Well the money laundering thing is truly a non-issue, Bitcoin isn't actually anonymous with all the big data agencies scraping and compiling databases of BTC users. Additionally, cash is 100% anonymous, you cannot reliably track it from one person to the next to avoid money laundering, tax evasion etc, so why are they villainizing Bitcoin for it? Just goes to show the guys in power really have no idea wtf they're talking about.

[clarky]

Back then when cryptocurrency has been created for the first time in 2009, bitcoin, many peoples were ignoring new technology called cryptocurrency.
And now you can see bitcoin value has gone very high in the market. The lesson i got is, we must open to any kind of new technology.
Not just ignore it, instead we can learn and study them, and decide we use it or not.

I agree with this. We must be aware and knowledgable of what the technology world can offer to us. We can find it very beneficial but it can also bring harm to us.