Tired of seeing all those pointless memes exclaiming "MUCH MOON, VERY TO THE, WOW"? Have you been downvoted for offering a completely sensible piece of advice or information, simply because it's not what the rest of the subreddit likes to hear? Here, we prefer a purely sensible and realistic approach when it comes to cryptocurrencies. Welcome home :)
I hear this complaint a lot when I try to explain bitcoin. Silk Road, ransom ware attacks, so forth, but why does the currency exchanged during illegal activities matter. They say btc is for criminals, but isn't the usd the currency that's been involved in the most criminal activity through time?
Why is bitcoin to blame? Ransomware attacks and illegal market places involve the internet, should the internet be banned? Probably used a keyboard and a mouse should they go too? WTF. I don't understand
Wikipedia : "Bitcoins have been associated with illegal online activity such as money laundering." Applies to any currency, doesn't it ?
I think this sentence in the Wikipedia intro of Bitcoin is irrelevant. The USD as well as been used in illegal online money laundering, but I don't see any mention on the USD wikipedia article... http://en.wikipedia.org/wiki/Bitcoin I was thinking about writing this in the Talk Page. Someone could help with phrasing ? Edit : I was thinking about writing this on the Talk Page of the article. Can someone help me with phrasing ? "Bitcoins have been associated with illegal online activity such as money laundering." Any currency has been associated with illegal online activities, including money laundering. As this information can't be found in the wikipedia articles of the USD nor any other currency than Bitcoin, it should be irrelevant to only mention it in this article. At least, we could add : "However, all fiat currencies have been associated with illegal online activities and this had no reported negative impact on their value/trust." Edit 2 It has been "Moved to keep factually merited information about illegal activities to the respective section, #Criminal_activities.". It now reads : "Bitcoins have been associated with illegal activities such as money laundering. Though the degree of anonymity provided by Bitcoin has raised concerns about criminal or fraudulent activities such as money laundering, a late-2013 academic study noted the "unintuitive property" that while Bitcoin ownership is implicitly anonymous, the ﬂow of Bitcoins is globally visible in the form of public ledgers that record transactions, the study asserting that even the most motivated criminal users engage in distinct "idioms of use" that would aid law enforcement in identifying them, thus making large-volume money laundering impractical." I don't know who wrote this, but it sounds good to me ;-)
There is a proposed E-peso bill in the Philippines to leverage off of Bitcoin tech and create a national digital currency. I'm reading it and I still can't believe the word "Bitcoin" is there and not attached to the "illegal" or "criminal". We've truly come a long way in such a short span of time!
Told Dad About Bitcoin, he denounced it as a "mob" run fake currency that gangs and illegals used. Any ideas to change his mind?
Yes, that was a direct quote. I showed him the scishow bitcoin video to give him an idea of what and how bitcoin works. As soon as he heard that it was untraceable, he said [Title] and Changed the subject. I explained that cash is (if done correctly) untraceable as well but that didn't change his mind. He's not old (not quite 50) and isn't usually bull headed like that, so his response threw me off. Any ideas to change his mind about bitcoin. Only reason I even told him about it was because among other things, I recently bought a small (100ish dollars) worth to hodl.
[META] "If Reddit does choose to accept Bitcoin, it could help to greatly improve the currency’s reputation, as it has occasionally been pigeonholed as simply a way to purchase illegal goods on the web’s black market."
Blythe Masters, Bank of England Conference. At 3:55, how the government will make Bitcoin illegal, force its own digital currency, make cash becomes illegal, and implement negative interest rates. "There is no innovation that governments can not seize for its own advantage."
“Our investment in Bitcoin is part of our new capital allocation strategy, which seeks to maximize long-term value for our shareholders,” said Michael J. Saylor, CEO, MicroStrategy Incorporated. “This investment reflects our belief that Bitcoin, as the world’s most widely-adopted cryptocurrency, is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash. Since its inception over a decade ago, Bitcoin has emerged as a significant addition to the global financial system, with characteristics that are useful to both individuals and institutions. MicroStrategy has recognized Bitcoin as a legitimate investment asset that can be superior to cash and accordingly has made Bitcoin the principal holding in its treasury reserve strategy. Mr. Saylor continued, “MicroStrategy spent months deliberating to determine our capital allocation strategy. Our decision to invest in Bitcoin at this time was driven in part by a confluence of macro factors affecting the economic and business landscape that we believe is creating long-term risks for our corporate treasury program ― risks that should be addressed proactively. Those macro factors include, among other things, the economic and public health crisis precipitated by COVID-19, unprecedented government financial stimulus measures including quantitative easing adopted around the world, and global political and economic uncertainty. We believe that, together, these and other factors may well have a significant depreciating effect on the long-term real value of fiat currencies and many other conventional asset types, including many of the assets traditionally held as part of corporate treasury operations.”
Bitcoin state socialist: Bitcoins had always been, in my mind, a currency used by people buying weed over the Internet - or, selling explosives or illegal pornography. What’s worse, Bitcoin’s strongest advocates were frothing anarcho-capitalists! <- ancaps are worse than kiddie porn and wmd
The odds are about one in four that the crypto fanatic in your office is involved in illegal activities. After conducting a study of historical Bitcoin transaction data an Australian research ... Some countries have made bitcoin entirely illegal, like India, Bolivia and Ecuador. Some of these same countries have also issued their own digital currencies as well. Other countries, like China, have shifted their view on bitcoin, banning and unbanning the currency in various ways over the last few years. Bitcoin is a form of cryptocurrency – a digital asset that can act as money. To understand bitcoin and cryptocurrencies, you have to know a little bit about why it exists in the first place. With traditional currency transactions, there is a cost to conduct a transaction. Bitcoin Regulation – Bitcoin legal issues. In Bangladesh and Bolivia, Bitcoin currency is illegal. Its trading is a punishable offence. The government believes that this concept would harm the users financially. In china, the currency is not illegal for citizens but bank employees cannot be a part of Bitcoin trading. Algeria. Illegal – If you live in the Northen African nation of Alergia, you aren’t allowed to buy, sell or possess any form of cryptocurrency. The declaration was made in the Algerian “Journal Officiel” on December 2017. All types of cryptocurrency, like Bitcoin is illegal, and breaking the law is punishable by both law and force.
Japan made bitcoin a legal currency - now it's more ...
Bitcoin trade in Japan accounts for about half of the global trade volume. That number has surged since the government passed a new law earlier this year, re... There is no any doubt about this fine crypto currency named Bitcoin (Legal or illegal). I have tried my best to explain about this false news around the world 2017. Watch other video on bitcoin ... Despite links to black markets like the Silk Road, Bitcoin isn't itself illegal - but financial regulators say that virtual currency operators must play by the rules. Bitcoin Now ILLEGAL in THIS Country! Can You Guess Which One? Hint: It's in Asia The Money GPS. ... Use of Bitcoin illegal, can attract anti-money laundering law - The Economic Times Will governments or international government organisations implement their own centralised cryptocurrencies and ban the mining or ownership of open decentral...