.

[tottong]

Bitcoin is not like any other currency. Its a decentralized digital asset (the first of its kind) with no central authority or intermediary. Thats a fundamental difference.

You are right because that advantage makes bitcoin one of the best choices because we have full control over ownership without a central authority for the sake of freedom as desired.

As for your other arguments, do you know how many people die every day in traffic accidents, or commit vehicular suicide? Would you deny the value of a car as a means of transportation and ask people to stop using it?

Just like a car, Bitcoin is just that - a financial vehicle.  It does not support scams and thefts, does not finance terrorism, does not kidnap or kill people, does not starve children... People do that!

It is too naive and shallow thinking to associate bitcoin with the treatment of individuals in committing crimes, financing terrorists or other crimes.
Because outside of that there are many cases of murder that actually occur and are even facilitated by centralized finance that has full control. Should we also blame fiat currencies?
I agree with your view on this because every crime is not necessarily seen because a certain media is involved in it, but rather it happens because of individuals or groups who have no ethics.

Bitcoin can be more positive when people use it in the right way and vice versa with fiat currencies.
So people should not need to associate crime with bitcoin or other fiat currencies.

[Tmoonz]

You think Bitcoin makes you cool? It doesn't.


Bitcoin was designed to give mankind financial liberation. It failed miserably. What kind of currency has one-half of transactions (46%) associated with illegal activities?

You are wrong, life of full of good and evil, but we decided on which path to take, this is our own personal choice, you can find the same condition being applicable on every aspects of life, name it, is it in financial or economy situations with the people, the intention for creating bitcoin was to serve as an alternative being a decentralized digital currency, in fiat currency, we have been long time tired or the scam, theft, loots and hacks related offenses, not only these, but there is no financial privacy, trust in handling our monetary assets until bitcoin arrives.

Bitcoin is not forced on anyone, if you think its necessary then you can adopt it on your own, i hope it will not be too late for some people to make their decision in support for bitcoin.

Funny enough people passing some kind of worthless negative information about Bitcoin can never come to an end, it has been so since it's invention but yeah Bitcoin has prove them wrong in so many ways and it is still proven them wrong, surely accepting the true potentials that Bitcoin holds is never mandatory but by choice while others might be skeptical about it others are also busy taking advantage of maximizing it benefits as much as they can, alot has already regretted not embracing Bitcoin when they had the opportunity to do so at it's earliest days and the same will happen to anyone who doesn't realize now on seeing what will become of Bitcoin in the nearest future.

[fikrett]

Funny enough people passing some kind of worthless negative information about Bitcoin can never come to an end, it has been so since it's invention but yeah Bitcoin has prove them wrong in so many ways and it is still proven them wrong, surely accepting the true potentials that Bitcoin holds is never mandatory but by choice while others might be skeptical about it others are also busy taking advantage of maximizing it benefits as much as they can, alot has already regretted not embracing Bitcoin when they had the opportunity to do so at it's earliest days and the same will happen to anyone who doesn't realize now on seeing what will become of Bitcoin in the nearest future.

It's like believing in a New World after 1492: most would skip this opportunity and the land unknown to them, but those who are brave and with belief at heart would embrace something new and get on top of others (we are talking about BTC in this context, of course).

[knowngunman]

Definitely!
And it shouldn't be about that, clearly - because the OP just tries to spread some fud using the info from 2019.
Geez 

I really expect to read something new from this thread but got disappointed.

I didn't bother to click on Op link when I noticed the file is dated as far back as 2019. I already knew it contains bunch of trash that has obviously been disprove before. There's no point wasting time to read it.

When we talk about connection with illegal activities, the medal should be given to our central banks full of corrupt officials that sponsor terrorism with unmarked notes.

[FortuneFollower]

Definitely!
And it shouldn't be about that, clearly - because the OP just tries to spread some fud using the info from 2019.
Geez 

I really expect to read something new from this thread but got disappointed.

I didn't bother to click on Op link when I noticed the file is dated as far back as 2019. I already knew it contains bunch of trash that has obviously been disprove before. There's no point wasting time to read it.

When we talk about connection with illegal activities, the medal should be given to our central banks full of corrupt officials that sponsor terrorism with unmarked notes.

Yeah, that's all - BTC is the grand Ponzi evil scheme - until people do look closer and authorities that can do whatever they want, and some (most of us) would not even be able to see what is happening behind the scenes.

[NotATether]

So you're saying that Bitcoin is bad because of darknet markets? Spoiler alert: They're almost all using Monero now.

Read On:
https://bitcointalk.org/index.php?topic=5513980.0

This "altcoin" is a bunch of baloney. I didn't even have to read the entire thing to see this:

[fruktik]

Pick a currency.... gold, cash, crypto, etc...

Half of all transactions... period.. are used for illegal activities. 

And who told the author of the topic that Bitcoin is a panacea and a universal financial instrument? What kind of idea is this? Enough already wandering in illusions. There is nothing like this in sight. Of course, at the very beginning of its inception it seemed exactly like that, but time has shown that it is much easier for the population of the planet to use the financial system of settlements and payments that has proven itself successfully over many decades. I do not doubt that there are those people and crypto enthusiasts who blindly believe in Bitcoin and its capabilities. I hasten to disappoint them. There is no need to do this.

[maydna]

~snip~

People have one habit just because they don't do bitcoin, they will look for other ways to condemn the investment I see how a lot of people are saying all manner of things against bitcoin, majority of them don't even know anything about bitcoin they don't have any single idea about the whole idea, if not they won't make all the silly comments they have been making against bitcoin when I see people like that I tell them to sit down and learn and not say what they don't know, and some even have an ideology that bitcoin is scam or even used by scammers which is a very big lie.

That is because they don't learns about Bitcoin so they can say bad things about Bitcoin. If they want to open their minds to accept a new thing such as Bitcoin, they will see Bitcoin gives them the opportunity to have the best investment that can works them for a long term. We don't have to think them if they don't want to accept Bitcoin as an investment and no need to force them to follow what we do. But they will see when Bitcoin price is at a high price, they will amaze and perhaps, they will realize the truth and start to follow us by asking many things about Bitcoin.

~snip~

The only negative thing I see about bitcoin is scam because the advantage is more than the disadvantage because when you keep your wallet safe, you will not have any issues with scams or what so ever, or you buy and you don't have knowledge and you want to trade and when you don't make money they start blaming bitcoin instead of them to blame them self so we can not really do anything about how people think, anything they want to think those not stop people from wanting to invest.

Scam will be on many things, not just in Bitcoin. Bitcoin now becomes more popular and makes people raise their attention to know more about Bitcoin. But unfortunately, they can not search from the right sources so they gets a wrong information which leads them to get a scam. If they learns from the right sources, they will know how to protect their wallet and make it safe from the scammers. They will also not lets themselves tempting to participate in an interesting offers that will be too good to be true.

[Gooner0]

You think Bitcoin makes you cool? It doesn't.


Bitcoin was designed to give mankind financial liberation. It failed miserably. What kind of currency has one-half of transactions (46%) associated with illegal activities?

Bitcoin wasn't just designed to give mankind financial liberation, but it's purpose or existence was more to create an easy means of payments for everyone .
And mind you even other currencies like fiat also has transactions associated with illegal activities, so you're not doing justice to Bitcoin!.

[MainIbem]

You think Bitcoin makes you cool? It doesn't.


Bitcoin was designed to give mankind financial liberation. It failed miserably. What kind of currency has one-half of transactions (46%) associated with illegal activities?

Bitcoin wasn't just designed to give mankind financial liberation, but it's purpose or existence was more to create an easy means of payments for everyone .
And mind you even other currencies like fiat also has transactions associated with illegal activities, so you're not doing justice to Bitcoin!.

The OP seems pained, my thoughts are that he's been victim to scam activities so he's try to play the blame game by calling out Bitcoin, i might be wrong though but if my thoughts are true, he should understand that because he's been a victim of scam through Bitcoin doesn't make it a failure, just like other currencies, scammers can operate using it so he should stop trying to play the blame game and be careful so as protecting his assets from scammers. Moreover the reason why Satoshi created Bitcoin was to serve as an alternative currency to fiat which can't be controlled by the government or any organisation and so far, Bitcoin is serving beyond that purpose for different use cases, El Salvador that's made it a legal tender in their country is a prove to that. It doesn't only serve as a quicker means of payment but has turned into an asset thereby used for investment lately cause of it's increase in price overtime.

[Mushai]

What kind of currency has one-half of transactions (46%) associated with illegal activities?

https://freepolicybriefs.org/wp-content/uploads/2019/02/freepolicybrief_jan212019.pdf

That 46% figure comes from 2017.

We find that illegal activity accounts for a
substantial proportion of the users and trading
activity in bitcoin. For example, approximately
one-quarter of all users (26%) and close to one-half
of bitcoin transactions (46%) are associated with
illegal activity. The estimated 27 million bitcoin
market participants that use bitcoin primarily for
illegal purposes (as at April 2017) annually
conduct around 37 million transactions, with a
value of around $76 billion, and collectively hold
around $7 billion worth of bitcoin.

A more up to date report states:

The majority of cryptocurrency is not used for criminal activity. According to an excerpt from Chainalysis’ 2021 report, in 2019, criminal activity represented 2.1% of all cryptocurrency transaction volume (roughly $21.4 billion worth of transfers). In 2020, the criminal share of all cryptocurrency activity fell to just 0.34% ($10.0 billion in transaction volume).

According to the UN, it is estimated that between 2% and 5% of global GDP ($1.6 to $4 trillion) annually is connected with money laundering and illicit activity. This means that criminal activity using cryptocurrency transactions is much smaller than fiat currency and its use is going down year by year.

https://www.forbes.com/sites/haileylennon/2021/01/19/the-false-narrative-of-bitcoins-role-in-illicit-activity/


So yeah, fiat currency is used more for illicit activity than bitcoin.

[Zoomic]

You think Bitcoin makes you cool? It doesn't.


Bitcoin was designed to give mankind financial liberation. It failed miserably. What kind of currency has one-half of transactions (46%) associated with illegal activities?

From what you say, if 46% stuffs about bitcoin are about illegal activities which is bad, it then means 54% of things about Bitcoin is good, which is fair enough for us to settle for. Same cannot be said about fiat or altcoins which do not come anywhere close to bitcoin.

I want to make it clear that illegal activities is not only limited to bitcoin, it has always existed even before bitcoin was created. Bitcoins purpose was not to aid criminals in their illegal activities, those criminals only got smart to identify potentials in bitcoin and use it to their own advantage. Even if there was no bitcoin, criminals will still find a way to steal from people and still remain anonymous.

Bitcoin is not the problem of the world's economy, neither is it the the cause of the problems the world is facing. Bitcoin will still be cool to those who appreciate it's usage.

[yhiaali3]

What currency do you think makes you great? Dollar, Euro, Yuan, etc.? Are these the inflated garbage currencies that central governments print by the ton that are great in your opinion?

Bitcoin is not a perfect coin, but it has the unique features that make it the best currency in the world and it is not Bitcoin's fault if some people misuse it illegally.

If we look at the pros and cons in reality, the pros of Bitcoin greatly outweigh its cons, so it is a nightmare for governments and lovers of banks and centralized systems.