Not all educated are educated.

[Smartvirus]

Especially, I do not expect people can be complaining about bitcoin and cryptocurrencies in general that they are causing global warming.

I am a bit confused here.

Is this the part where them (which ever group or persons within this category) is defined to not be educated?

That they dwell on theories that aren’t correct or wrong doesn’t make no one uneducated. It’s just another garbage that is fed to everyone who is concerned and dares to read whatever is out there on the internet or from which ever resource.

The idea to climate change comes from the high electricity values required for mining with them rigs. Mining has become so sophisticated and depending on your immediate environment, you might need conventional power supply sources of which (fossil) fuel remains a more prominent source, accounts for emissions and as a result, climate change.

That’s what the weather people would say but again, why being so focused on Bitcoin? I mean, it’s not done what the refineries are doing…

Bitcoin remains a target for most government and centralized systems out there because of what it stands to change but, it’s an idea that is accepted by some and rejected by others. Let it move at it’s pace.

[EluguHcman]

When people who takes your potentials as threat to their favours they would always want to get you sabotaged.
Bitcoin was invented in just 2009 but before then there had been criminal indulgences such as fraudulents, money laundery, illegal traffic, and thefts etc which are carried on online and offline.
I don't understand if the government tends to channel the blames of the advanced criminality of today to cryptocurrencies.
 
May I share briefly about my country where a late and formal head of State (president) and also as commander--in-chief of the Armed Forces in my country who ruled the nation from 1993 to 1998.
Since then all his loots is yet to be totally uncovered but since then, there had been a continues loots recoveries of the looted funds which currently is an estimate of $4 billion in cash and $2 billion in asset and just of recent, France has been concerned and agreed to repatriate $150 million as part of the loots.
This is the same Abatcha whose wife said to the republic that nomatter how much is recovered from her husband's loot, they would never be as poor as the wife of a whole riches man in Africa in Africa.
Interested member may read @ https://www.nairaland.com/3447028/no-matter-how-much-recoverwe#50770452.

Bitcoin itself is tended to tender security funds where not even a community would be in charge about as a medium to limit looting with the historical laundries experiences.

I always the sets of government that disassociates itself from adoptation of Bitcoin and other related cryptocurrencies are biased because there is no just rooms created for their looking.
What a mad era and a crazy world we are today were politicians steals the public funds and they are celebrated while the common man steals bread to eat would be termed the criminal.

[Crypto Library]

Bitcoin is basically built against the banking sectors to give people their financial freedom. Bitcoin is basically built against the banking sectors to give people their financial freedom. It protects people's personal data privacy and security the data which has to be provided every time when receiving services from the banking sector. Moreover, Bitcoin is a decentralized system that no one can control where banks can freeze your funds at any time according to their terms.
However, the reason for giving a light description about Bitcoin is that since Bitcoin was created against this banking system, it is natural that all these banks and the big whales behind it must conspire against Bitcoin to protect their business and interests. So I will not call them educated or uneducated people , I will call them selfish people.

[Hamza2424]

Especially, I do not expect people can be complaining about bitcoin and cryptocurrencies in general that they are causing global warming.

Mixers are seen to be used for illegal activities but the money in banks are not seeing to be used for money laundering and terrorism financing. Among the most fiats used for illegal activities, only little do the government and regulators know about. If there is no bitcoin or other coins and tokens, there will be illegal activities both online and offline and their scam fiat will be used for it.

Haha, Well that an Old debate about Bitcoin and the crypto industry possesses an anti-environment friendly narrative (at least some narrow-minded people think like that), TBH it is just a shit of wrong media reporting, if it is that true why don't they disclose the reality of environment-friendly electric cars reality, the Li-Ion battery used in these cars on the time of manufacturing realizes 10 times more environment polluting substance comparing to an old diesel engine car.

For Bitcoin's use and money laundering, this is also another shity excuse of the hypostatic regulators to control the flow of money, to keep everything under their control. The attribute is promoted by the way it is used is not a concern because people can even use kitchen knives for evil, so should they need to ban the Knife and shart object industry (Just a rough example).

[ZAINmalik75]

Mixers are seen to be used for illegal activities but the money in banks are not seeing to be used for money laundering and terrorism financing. Among the most fiats used for illegal activities, only little do the government and regulators know about. If there is no bitcoin or other coins and tokens, there will be illegal activities both online and offline and their scam fiat will be used for it.

This makes sense because fiat has been used as the basic source for money laundering for decades, but BTC is just 15 years old and is being accused of all the money laundering that occurred due to it. I think BTC is really doing some damage to these so-called centralised authorities who want to keep control of all the money, but they can't do that anymore due to BTC decentralization.

And generally speaking, BTC or any of the mixers that FinCen is accusing of being involved in money laundering is not being used that much because, according to the report they have proposed, I have read it and only a small portion of money is being laundered by them.

In my opinion, there is something else that they are trying to save, and that would be their control over our money because that is the only reason or feature that BTC has provided us, and we are doing their control some real damage.

[The Cryptovator]

There is no valid reason, actually, why a few crypto services don't want to accept funds from the mixer and gambling sites. I believe this is a stupid attempt at all because cryptocurrency is decentralised, especially Bitcoin. It doesn't matter where it actually came from when it's decentralised. Money laundering or criminal activity accusations are just a reason; actually, they don't like Bitcoin decentralization. It's really annoying to me when fuckers just point out cryptocrime and ignore all the fiat crimes. A large number of crimes have been happening through fiat currency.

[Mahanton]

Why?

This:

Bitcoin services platform Swan Bitcoin warned its customers that it would be forced to terminate accounts found interacting with crypto-mixing due to the regulatory obligations of its partner banks.

And this:

Pritzker stated that the current political climate has put a lot of fear into the banking sector, with most banks simply refusing to do business with anything in crypto. Thus, for them to continue their Bitcoin on-ramp services, their custody partner has to interact with banking services governed by FinCEN regulations.

Especially, I do not expect people can be complaining about bitcoin and cryptocurrencies in general that they are causing global warming.

Mixers are seen to be used for illegal activities but the money in banks are not seeing to be used for money laundering and terrorism financing. Among the most fiats used for illegal activities, only little do the government and regulators know about. If there is no bitcoin or other coins and tokens, there will be illegal activities both online and offline and their scam fiat will be used for it.

Not something new, fiat had been used with these illicit activities in the first place, it is really just that it isnt really that getting emphasized just because there's something huge behind it or someone who do really cover up and now that Bitcoin did exist then having those anonymity and decentralized aspect or features then this is the best test subject that they could really be putting up those kind of  blame on which trying out to convince
the masses that it is something that shouldnt really be dealing with just because of those so-called attached issues that they've been throwing it out. What a shame and what a shit thing that had been done.
Only true Bitcoin enthusiast or supporters would really be able to find out for those words to be shit and having no sense. Government doesnt really want for people to make out on engagement on something
that cant be controlled or monitor out and this is why they would really be loving on spreading up those false information and trying out to blind the people on what truly it is
and rather they are focusing on destroying its image and focusing into it and now its been for long years that they do keep on doing that.

[Rruchi man]

~

I laughed so hard at the ignorance and foolishness of these claims. I say it again the government and some people who either feel threatened by bitcoins or do not like bitcoins for some reasons will choose to believe anything and hold on to any reason just to make them have an alibi. What is even funny is that some of the people behind these claims say that they are educated, but yes! Not all educated are educated. You are educated when you are able to find out information and verify information on your own, some of these people have never tried to verify their claims by research to know if they are true, they are just holding on to them. They are not different from the uneducated.

[Ndabagi01]

Especially, I do not expect people can be complaining about bitcoin and cryptocurrencies in general that they are causing global warming.

Mixers are seen to be used for illegal activities but the money in banks are not seeing to be used for money laundering and terrorism financing. Among the most fiats used for illegal activities, only little do the government and regulators know about. If there is no bitcoin or other coins and tokens, there will be illegal activities both online and offline and their scam fiat will be used for it.

These people appear to be educated but not enough educated, but it does not mean they are not educated to the level of others who have accepted bitcoin, it is simply being ignorant and they are aware of it. It is on a different scale and level of comprehension. Their beliefs and perspectives on bitcoin differ from those of us who are Bitcoin enthusiasts.  If they dislike and refuse to accept bitcoin, it will have no effect on its global adoption. We haven't seen any repercussions of their lack of declaration of support, purpose, or interest in bitcoin throughout the years. It is clear that they do not want it, and they will go to any length to make it discouraged for anyone who wish to utilise it while continuing to use their services.

[sunsilk]

We always get that narrative because of where Bitcoin has started to be known of its use and that's with the illegal transactions. But I guess that died eventually when Bitcoin entered to the mainstream.

This time, it's all about the mixers and etc. They think of the same idea of how it'd go during the early stage of where Bitcoin has been commonly used.

IMO, there's always the agenda with these issues that the exchanges and the governments that they're bringing up. While the exchanges just follows the rules of the government, they just have to implement what's being imposed on them.

[Z-tight]

A large number of crimes have been happening through fiat currency.

It is no longer about stopping crime and money laundering, BTC is pseudonymous, so it is already difficult for LE to track people's coins if they don't use centralized services, now when people use privacy tools in addition, it becomes very difficult for blockchain analysis companies to get thier 'guesses' correctly. So they set out this strict regulations for centralized services who must provide them information about their customers if they request for it, now in order for these services to be able to do that, they must stop interacting with users who use privacy tools.

This is how they attack BTC's fungibility with bullshit about tainted coins, the fiat currencies we touch daily may have been used for one illicit tx or the other, but nobody is tracking it and calling it tainted.

[Silberman]

A large number of crimes have been happening through fiat currency.

It is no longer about stopping crime and money laundering, BTC is pseudonymous, so it is already difficult for LE to track people's coins if they don't use centralized services, now when people use privacy tools in addition, it becomes very difficult for blockchain analysis companies to get thier 'guesses' correctly. So they set out this strict regulations for centralized services who must provide them information about their customers if they request for it, now in order for these services to be able to do that, they must stop interacting with users who use privacy tools.

This is how they attack BTC's fungibility with bullshit about tainted coins, the fiat currencies we touch daily may have been used for one illicit tx or the other, but nobody is tracking it and calling it tainted.

The is a very insidious attack against bitcoin, without fungibility bitcoin could not be considered to be money anymore and instead it will become just another asset like a stock, so governments are attempting this knowing full well this long term strategy could allow them to discredit bitcoin as a form of money, and since exchanges and other centralized services care nothing about this market then they are receiving those conditions with their arms open, even if they will also harm themselves by doing so.

[bettercrypto]

Simply put, banks and fiat are part of the system and bitcoin was invented against the system. Now they are trying to control it as much as possible with more laws, more KYC, demonising mixers and trying to impose blacklists, and if they succeed bitcoin will become part of the system. It's like the ETF spots that everyone is waiting for the price to go up: what they are going to do is make bitcoin even more part of the system.

I agree with what you said: Bitcoin is the opposite of the system that banks and governments have. I also do not believe that the bank is not used for terrorism or money laundering. Because what if the supervising manager of the bank or the owner of the bank himself is doing money laundering and terrorism? I just asked this.

My question is whether this is possible and realistic if we look at the situation. Although we know that banks are very strict when it comes to the rules they have,

[oktana]

Lol, what haven’t we heard? They’ve called it a scam just to shut it up, they’ve said it’s used for money laundering and many other illegal activities. I one time saw a thread on this forum that spoke about how people see Bitcoin as negative because someone was kidnapped and the ransom was required in Bitcoin (probably so it can’t be traced? Idc). Bitcoin is only but a currency the difference is the respect of privacy, but they want to shoot it down with so many excuses.

[Darker45]

The case of Swan might not be about educated people acting as if they're not educated at all. Or perhaps it is, considering that while these people like Cory and Yan are Bitcoin supporters, they're also providing centralized custodial services. But my point is that the line which connects Bitcoin services to the fiat world isn't completely severed yet. It will probably stay like this for the next decades. In which case, do they have an option?

Cory is now even considering a lawsuit against FinCEN. That sounds quixotic to me. You link with banks but then you don't want them to implement what's required by the government? It doesn't seem right. To me, it's either you abide or you disconnect from them.

[Lorence.xD]

Lol, what haven’t we heard? They’ve called it a scam just to shut it up, they’ve said it’s used for money laundering and many other illegal activities. I one time saw a thread on this forum that spoke about how people see Bitcoin as negative because someone was kidnapped and the ransom was required in Bitcoin (probably so it can’t be traced? Idc). Bitcoin is only but a currency the difference is the respect of privacy, but they want to shoot it down with so many excuses.

I know right, Bitcoin is just a tool for convenience that can be used to have transactions without revealing your identity globally. Of course, almost everything nowadays can be used for illegal activities, we can even say that it could apply to banks like money laundering as well as some transactions, they just don't ban it due to they have the taxes, they have the power to control and manipulate, etc.  They have a lot of things to find in Bitcoin just to ban it cause for sure they don't benefit from them, I really remember the time in my country when they would like to put taxes on any transaction in the crypto industry since they seen people having a lot of money without the government being involved, so they announced that they put taxes but eventually they failed to cause its decentralized system.

[kryptqnick]

Bitcoin is a currency, and a currency should not be restricted because it's used for criminal purposes. I completely agree with op that fiat currencies remain widely used for financing terrorism and for other crimes, and so is the banking system. With all its alleged traceability and regulations, banks are actively used for illegal activities.
The global warming and Bitcoin mining topic is a bit more tricky to me because mining does have a negative impact, but it's discussed disproportionately and a lot of research is simply lacking.
As for crypto mixers, it's unclear how much they are used for illegal purposes, but the whole idea makes them very useful specifically for money laundering, so perhaps restricting the usage of such services is justified.

[Samlucky O]

Why?

This:

Bitcoin services platform Swan Bitcoin warned its customers that it would be forced to terminate accounts found interacting with crypto-mixing due to the regulatory obligations of its partner banks.

And this:

Pritzker stated that the current political climate has put a lot of fear into the banking sector, with most banks simply refusing to do business with anything in crypto. Thus, for them to continue their Bitcoin on-ramp services, their custody partner has to interact with banking services governed by FinCEN regulations.

Especially, I do not expect people can be complaining about bitcoin and cryptocurrencies in general that they are causing global warming.

Mixers are seen to be used for illegal activities but the money in banks are not seeing to be used for money laundering and terrorism financing. Among the most fiats used for illegal activities, only little do the government and regulators know about. If there is no bitcoin or other coins and tokens, there will be illegal activities both online and offline and their scam fiat will be used for it.

The existence of bitcoin has always been a threat to the government and some other financial organizations. They have tried to eliminate it long time ago but all to no avail simply because its a decentralized system of exchange which is non profitable to the government, that made them to find means to eradicate it. If not for hate, how on Earth would someone make such a speech.that dey would terminate account transacting with crypto mixing and also talking about global warming. Truly sometime negative inpact can make and educated person becomes uneducated.

[yazher]

Simply put, banks and fiat are part of the system and bitcoin was invented against the system. Now they are trying to control it as much as possible with more laws, more KYC, demonising mixers and trying to impose blacklists, and if they succeed bitcoin will become part of the system. It's like the ETF spots that everyone is waiting for the price to go up: what they are going to do is make bitcoin even more part of the system.

I hope they will fail to do that because if they succeed, then the whole Satoshi's ambition will become wasted and will not help anyone to have their own financial privacy anymore. Just because they cannot control the transactions and get some tax from it, they are making some way to trap everyone with their newly imposed laws to the centralized exchanges and also to punish the owners of those exchanges if they are not compiling to the rules. That's why, many have recommended getting back to the old ways where people use decentralized exchanges in order to get away from what the governments and the banks are planning.

[Agbe]

Simply put, banks and fiat are part of the system and bitcoin was invented against the system. Now they are trying to control it as much as possible with more laws, more KYC, demonising mixers and trying to impose blacklists, and if they succeed bitcoin will become part of the system. It's like the ETF spots that everyone is waiting for the price to go up: what they are going to do is make bitcoin even more part of the system.

Yes the used and request of KYC is on the rise as bitcoin came to and existence. When the authorities could not have access to the blockchain to control people they sort out to another means which the KYC. And really if bitcoin is adopted every country in the world fiat Currency will be collapsed like cowries. Cowries was the first coin that was used everywhere in the world but it over come by fiat Currencies. And since they could not catch any bitcoiner because of the decentralized nature of the invention, they are sorting out to disturb firms and organizations that using bitcoin to affect the bitcoiners that are using bitcoin.