Blockchain tech is being used for bad purpose more, rather than good

[irenegaming]

When I saw the title I thought you would talk about selling strong drugs, sexual exploitation or hired killers... no gambling and betting, that's something quite personal that's allowed in most countries, so I don't know why you care about that when everyone should be responsible for their own money.

[Maestro75]

Bitcoin and blockchain are awesome technology but it is being most used in gambling , betting , casino, all bad fields is this what making many countries  step back making bitcoin and blockchain tech making legal or creating negative impressions for people using this technology 

Everything you listed here are things that have been carried out in a massive scale even before the advent of bitcoin. The entire hard drugs in history has been estimated to worth more than the entire crypto market capitalization at some point and that was when bitcoin or blockchain have not gain ground at all. The point is every development would always be exploited for good and bad because individuals are involved. Its now the responsibility of the law enforcement agencies to ensure that activities against the wellbeing of the state are not carried out through such means.

I do not know why people are bent on roping cryptocurrency into anything bad in order to give it a bad name as if those bad things have not been existing before crypto came up. This is very sad. All thanks to these haters for dragging the crypto market down the way it is now.

[gabmen]

Bitcoin and blockchain are awesome technology but it is being most used in gambling , betting , casino, all bad fields is this what making many countries  step back making bitcoin and blockchain tech making legal or creating negative impressions for people using this technology 

Everything you listed here are things that have been carried out in a massive scale even before the advent of bitcoin. The entire hard drugs in history has been estimated to worth more than the entire crypto market capitalization at some point and that was when bitcoin or blockchain have not gain ground at all. The point is every development would always be exploited for good and bad because individuals are involved. Its now the responsibility of the law enforcement agencies to ensure that activities against the wellbeing of the state are not carried out through such means.

I do not know why people are bent on roping cryptocurrency into anything bad in order to give it a bad name as if those bad things have not been existing before crypto came up. This is very sad. All thanks to these haters for dragging the crypto market down the way it is now.

Indeed. It doesn't make any sense since these negative things are more rampant using fiat money. It's natural that with crypto's features, it will be used for illegal activities but that shouldn't cover up the benefits of this technology which should be highlighted more.

[ibrayzorhaf]

in my opinion, this technology depends on what it is used for when compared to only being used for gambling, the benefits are greater if used in various fields such as health and payment. and in my opinion, why do many countries reject because of the fate of banks in the country, we can see transaction fees in banks are very expensive

[Sandus_Cryptolover]

The full benefits of the Blockchain Technology is yet to be fully tapped into. As more projects evolve, more wonderful usecase arises and then we will appreciate the beauty of the technology.

[pixie85]

Why are you calling gambling a bad use of blockchain? Gambling was a part of human life ages ago. Ancient Chinese and Japanese were gambling for money, many countries like Monaco, are proud to be the popular gambling destinations. Gambling will be there whether you want it or not and it's much better for it to be safe for gamblers with provably fair system and anonymous accounts.

[Isiaka208]

We have this discussion over and over again and it seems and never ending or open doscussion. My question is; are fiats or traditional currencies not used for bad vices you stated above? If yes, then why worry that Bitcoin is being used?

[biodieselchris]

2012 wants their comment back. YAWN.

[burky156]

Bitcoin and blockchain are awesome technology but it is being most used in gambling , betting , casino, all bad fields is this what making many countries  step back making bitcoin and blockchain tech making legal or creating negative impressions for people using this technology 

All i can say to your comments; "funny".  Gambling, betting or casino is that bad? There are millions of people make money and run their family with this works.  Besides how could you only attahed the blockchain system with that? The system can save the world, i think you all got it wrong. The biggest problem with the blockchain is Scams and some redemption attemps thats all.

[thesmallgod]

what do you mean casino and betting are bad field. Just because you do not like something doesnt mean that its a bad  activities and beside fiat also is been used in betting and also in casino. by the way do you know how much some countries are realizing from the betting and casino company. In some state such as Las vegas. casino is considered as one big investment. I do not believe in your own submission that blockchain technology is being used for wrong purpose but rather an innovation that has unlimited area of applications

[qtronix]

I don't think the negative use of blockchain technology exceeds normal use. In each sphere will be scammers, this can not be avoided. But we can not say that this is a big problem for bitcoin and blockchain technology.

[Vickyrichy]

Bitcoin and blockchain are awesome technology but it is being most used in gambling , betting , casino, all bad fields is this what making many countries  step back making bitcoin and blockchain tech making legal or creating negative impressions for people using this technology 

There are always two sides to everything found on this world, But that shouldn't be a reason not to use that particular thing. First and foremost, you need to provide evidence to justify your accusations. Just don't say anything because you hear people saying them. Creating such a post thread is not helpful to people who are new to this forum.

[khaled0111]

Smart people give us awesome inventions every day and it is up to chose how to use them.
We invented weapons to protect our selves but some of us use it to kill each other.
Nuclear knowledge can be used to product energy or bombs.
There are many exemples and blockchain technology is not going to be an exception.
I have to say that I don't concider gambling a bad thing or it can have a bad influence on blockchain.

[Julunguul]

Bitcoin and blockchain are awesome technology but it is being most used in gambling , betting , casino, all bad fields is this what making many countries  step back making bitcoin and blockchain tech making legal or creating negative impressions for people using this technology 

it seems that indeed this is proof that in developing blockchain and crypto, we lack people who are creative in developing positive things or indeed many people still support the blockchain even though it has a connection with something negative

[jcpone]

The decentralized system of blockchain technology attracts a lot of people that want to hide their illegal activities, also those gambling enthusiasts. This is the bad news about blockchain. This is the reason why some countries are very hesitant to recognize and accept blockchain. Though, this is a young technology, in the coming years, they'll be able to find ways to eradicate this activities.

[albert11]

Even the fiat currency is also used for bad activities. Just like gambling, funding terrorists and much more. All we have to do is understand it well, It's a currency and a value so we can not stop people from using it at whatever they want.

[ardhigalau]

Is that what you understand? What about FIAT which is used for gambling, buying drugs even hiring contract killers. All in this world are the same, depending on us humans who use it.

[coinwizard_]

Blockchain and bitcoin do not do bad things, people do bad things. Bitcoin is just a form of payment and anything that has monetary value will have a use in criminal activity

[Dimas99]

Bitcoin and blockchain are awesome technology but it is being most used in gambling , betting , casino, all bad fields is this what making many countries  step back making bitcoin and blockchain tech making legal or creating negative impressions for people using this technology  

maybe the reason could be a strong reason for the government to ban crypto currency, but in my opinion, the bad development of the crypto currency depends on the intention and purpose of the investor itself.

[Capt00]

Bitcoin and blockchain are awesome technology but it is being most used in gambling , betting , casino, all bad fields is this what making many countries  step back making bitcoin and blockchain tech making legal or creating negative impressions for people using this technology  

maybe the reason could be a strong reason for the government to ban crypto currency, but in my opinion, the bad development of the crypto currency depends on the intention and purpose of the investor itself.

That's the reason why the government now implement a KYC on most web wallet or apps wallet in storing Bitcoin so that they would know and trace the possible suspicious transactions. All systems that related to technology might be used on the negative side not only Bitcoin, but negative sides were also always there even fiat currencies, you can still used them buying illegals stuff. We know that time to time Bitcoin will become a good technology and it will keep spreading on every country.