Baby Dragon
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Activity: 896
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OWNR - Store all crypto in one app.
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October 29, 2019, 05:40:46 AM |
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We don't need a central authority in the bitcoin community to stop scammers. I think that's in our hands, you should know who you are dealing with when buying things with bitcoin. You are supposed to be super smart when using bitcoin by knowing the bitcoin transactions are irreversible. You have to trust your business partner first.
Well spoken, its impossible to stop scammers particularly these days that most of them are using different techniques and strategies to deceive others so they can get what they want. If you really wanted to avoid them then you should have enough understanding about safety and security because you can't easily say peoples true intentions, actually you don't have to be smart as long as you are aware of everything then its fine. Being attentive and cautious is helpful because it makes you see every little details and information in that way you can explore things before making decisions since it is undoubtedly speculative. |
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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slashz9
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October 29, 2019, 07:00:54 AM |
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that's what point there is escrow service for avoid fraud/scamer and you will not lose lot money because of the fee.
and you say it will make bitcoin end? nope even there more worse news about bitcoin and bitcoin still survive.
people already trust in bitcoin if not,there are no bitcoin and no transaction at all.You just need avoid bad people liek that.
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Eclipse26
Sr. Member
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Activity: 658
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bullsvsbears.io
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October 29, 2019, 07:17:05 AM |
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But bitcoin is decentralized. No one is controlling it. Having central agency means someone higher is controlling or regulating the users. I know the aim of this is for security since scams are rampant but it will obviously go against its nature.
Bitcoin is decentralized that's why we are responsible for every transactions we made. It's our own fault responsibilities if we lost our money. Even thoigh we put up an agency, it will still be hard to find your bitcoin back.
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Wysi
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October 29, 2019, 07:29:53 AM |
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But bitcoin is decentralized. No one is controlling it. Having central agency means someone higher is controlling or regulating the users. I know the aim of this is for security since scams are rampant but it will obviously go against its nature.
Bitcoin is decentralized that's why we are responsible for every transactions we made. It's our own fault responsibilities if we lost our money. Even thoigh we put up an agency, it will still be hard to find your bitcoin back.
Exactly! If we have any sort of agency managing bitcoin to ensure security then it will no ;longer be known as decentralized and this idea might just kill bitcoin and other cryptos, we are better as of now without any sort of third party involvement and I am sure people are aware about escrow services to avoid getting scammed and if people do take risk to save those small amount of escrow charges and gets scammed then it's their mistake. We should never think of having any sort of regulators in bitcoin. Scams are everywhere let it be crypto, real world trades, banks and all it's upto people to be cautious. |
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banghaokiet123
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October 29, 2019, 07:32:20 AM |
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BTCThe way to avoid scams is by using your brain, not placing trust in central authorities.
But if you want to persist with such a terrible idea and pay some people to do this job, go right ahead. Or did you think they're going to do it for free? Or that someone else was going to pay for it? Think it through, please.
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alexsandria
Sr. Member
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Activity: 896
Merit: 268
★777Coin.com★ Fun BTC Casino!
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October 29, 2019, 09:44:02 AM |
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People often tend to say that Bitcoin is a P2P currency based on the trust between two people. However it's obvious that these days scams are on rapid rise while governments are generally not providing any legal security to those who are involved in this. So do you think there can be some central Bitcoin Authority represented by various people who can become jury in such cases of dispute? I think this can also increase adoption as people can trust btc more. Also even countries would feel safer as such an authority can conyrol certain malpractices
It will just destroy Bitcoin's purpose aside from this such excess fee will exist like taxes and others because it is to maintain the man or whatever the mean in between two people who are exchanging. Fluctuations I guess wouldn't happened anymore. Rules and regulations are to exist. Although the money is secured and in on monitor but I think it is not fun to engage in crypto currency anymore besides why would someone engage into that if fiats can provide such features. |
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stadus
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Hhampuz for Campaign management
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October 29, 2019, 11:10:44 AM |
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That's likely going to happen in the future as bitcoin and crypto will be fully legalize by most countries.
We are using bitcoin to preserve our privacy but that is not the case when its been regulated as the government will ensure they have total control through their regulation on trading outlets and could be both local and international, of course it will not help when each country has unique rules of crypto, we will surely see some standard law that will be use by most countries to regulate crypto.
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Mandoy
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Aurox
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October 29, 2019, 11:20:05 AM |
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People often tend to say that Bitcoin is a P2P currency based on the trust between two people. However it's obvious that these days scams are on rapid rise while governments are generally not providing any legal security to those who are involved in this. So do you think there can be some central Bitcoin Authority represented by various people who can become jury in such cases of dispute? I think this can also increase adoption as people can trust btc more. Also even countries would feel safer as such an authority can conyrol certain malpractices
Bitcoin is decentralized but if we look at the situation today brokers and exchangers are now being required by the government to comply with the KYC regulations. Possibly in the future there will be some agency that will look into the activities pertaining bitcoin. As the government around the world unite to create the UN they will also unite to create an interagency focusing on cryptocurrency. An agency that will secure that cryptocurrency is not being used illegally and to make sure that there will be no price manipulation. We cannot but to follow the rules of the government even if we go against it we just have no power. |
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shark1006
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October 29, 2019, 11:22:04 AM |
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People often tend to say that Bitcoin is a P2P currency based on the trust between two people. However it's obvious that these days scams are on rapid rise while governments are generally not providing any legal security to those who are involved in this. So do you think there can be some central Bitcoin Authority represented by various people who can become jury in such cases of dispute? I think this can also increase adoption as people can trust btc more. Also even countries would feel safer as such an authority can conyrol certain malpractices
The meaning of Bitcoin in P2P and decentralization. If the central governing body of Bitcoin appears, this will be the end of the coin's existence as the safest asset. |
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Youghoor
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October 29, 2019, 11:59:16 AM |
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People often tend to say that Bitcoin is a P2P currency based on the trust between two people. However it's obvious that these days scams are on rapid rise while governments are generally not providing any legal security to those who are involved in this. So do you think there can be some central Bitcoin Authority represented by various people who can become jury in such cases of dispute? I think this can also increase adoption as people can trust btc more. Also even countries would feel safer as such an authority can conyrol certain malpractices
What you need to understand is that in a decentralized system or ecosystem, people are simply in charge of their own safety in terms of keeping their funds safe. With financial freedom, authorities can not have right to control all activities done in the financial ecosystem. Having a central agency for the Bitcoin ecosystem contradicts the whole idea of decentralization and the principles at which bitcoin operates. People just need to be vigilant on the kinda projects they invest in to avoid getting scammed... |
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Ucy
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October 29, 2019, 12:01:35 PM |
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People often tend to say that Bitcoin is a P2P currency based on the trust between two people. However it's obvious that these days scams are on rapid rise while governments are generally not providing any legal security to those who are involved in this. So do you think there can be some central Bitcoin Authority represented by various people who can become jury in such cases of dispute? I think this can also increase adoption as people can trust btc more. Also even countries would feel safer as such an authority can conyrol certain malpractices
No, the problems should never be solved via central authority otherwise abuse will eventually creep in. court-like institution for Bitcoin can be built on decentralized platforms. Qualified people could be chosen randomly from millions of members worldwide to enforce rules without depending on any centralized authority. It's too risky to solve Bitcoin/cryptocurrency problems via central means |
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Asmonist
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October 29, 2019, 01:14:21 PM |
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Bitcoin Central Agency in future will give us a feeling of security. I think eventually bitcoin will get bigger the more we need some sort of juries to attend to some certain issues. However, that would probably change the crypto processes and regulations. Its quite somehow complicated but more than that security is badly needed. It can possibly compromise the crypto idealism as what it had practiced for so long. Well, only time can tell.
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