NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Is Bitcoin Really as “Evil” As Some Think?

NewsBTC
NewsBTC
1 year ago
3 mins read
is bitcoin as evil as some people think. what people think of bitcoin. newsbtc bitcoin news

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

There are times we feel like Bill Murray in the movie “Groundhog Day.” No matter what we do, we’re subjected to the same surroundings and events. Everywhere we look, we see the same thing over and over again. Things tend to become routine. It becomes mundane and to a degree, even a little irritating.

Today is one of those days; a recently published article details a think tank’s findings regarding bitcoin and digital currency, and surprise! Those involved in the think tank believe that insurgencies and radical groups ranging from drug cartels to terrorist units will find further ways to misuse digital currency for the sake of evil.

In a 100-page report, the think tank participants explain:

“Deploying a virtual currency may be an attractive alternative for non-state actors who look to disrupt sovereignty and increase their own political or economic power by displacing state-based currencies. Virtual currency deployments are particularly attractive in developing countries and in countries undergoing internal turmoil, where the existing financial infrastructure is either insufficient or weakened.”

If you feel you’ve seen anything like this in the past, you likely have. Government officials and news outlets have been reporting for years about how bitcoin and digital currencies are magnets for wrong-doing. They’re particularly favored among terrorist groups, as these currencies allow them to stay anonymous. We’ve all heard this before, and many of us don’t really want to hear it again.

Furthermore, there’s really no reason whatsoever for us to hear it again. For one thing, bitcoin has been established as anonymous, but it’s certainly not private. There’s a big difference. It’s likely no one will see your name following a purchase of bitcoin or anything with bitcoin, but don’t forget that the transactions are recorded. The blockchain presents evidence of occurring transactions, and sometimes, that’s all it takes to find someone. We’re forgetting… Those behind Silk Road were eventually caught.
Furthermore, the idea that bitcoin is used by terrorists as often as we believe is heavily open to question. A new UK report claims to have proven that bitcoin is not a criminal risk (or at least not much of one, specifically), and other platforms, such as bitcoindaily.com confidently state that terrorists employ much more nefarious methods of earning their funds, and bitcoin is an uncommon source.

The trouble is that bitcoin, despite being around for a solid seven years, is still not fully understood, and those who would seek to regulate it and rule it are likely looking for reasons to do so. Heck, there’s certainly money to be made in regulation. With every bitcoin company in New York having to pay $5,000 for a BitLicense, the cash is bound to stack up…

But even more so, a certain level of ignorance still hovers within the digital currency arena, and despite our growing knowledge of bitcoin and its crypto-cousins, many still believe virtual money to be the root of all evil.

But one thing’s for sure… We cannot ignore the advancements and changes occurring in the bitcoin spectrum on an almost daily basis, and as things progress, the day must come when people finally lower their veils and see the power that bitcoin can and does present the financial sector once and for all.

Source

Tweet123Share196ShareSend
NewsBTC
NewsBTC

NewsBTC

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

Bitcoin Investor Sentiment Back To ‘Very Bullish’ — What This Means

The Bitcoin price action was largely sideways rather than strongly bullish for most of June. As of early July, the...

Opeyemi Sule 4 hours ago
No Room For Bears: Bitcoin Bullish MACD And Monthly Close Fuel Bullish Outlook

No Room For Bears: Bitcoin Bullish MACD, Monthly Close Fuel Bullish Outlook

Bitcoin is facing resistance just below its $112,000 all-time high, struggling to break into price discovery as the market gains...

Sebastian Villafuerte 6 hours ago
Chainlink price

Chainlink Price Continues To Struggle Below $15 — Levels To Watch

The Chainlink price has impressed at times this year, but it has struggled to mount a sustained bullish run over...

Opeyemi Sule 7 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

crypto

Crypto Market Cap On Track To $4.5 Trillion As Q3 Unfolds – Details

Semilore Faleti 1 hour ago
Ethereum

Ethereum Price Stuck At $2,500: Analyst Says Don’t Trade Until This Happens

Scott Matherson 3 hours ago

What FunToken movement towards a 500% spike says about the scarcity market psychology

News BTC 4 hours ago

Premium Sponsors

Press Releases

  • Koja kriptovaluta ima veći potencijal za stvaranje milijunaša XRP ili Shiba Inu

    Koja kriptovaluta ima veći potencijal za stvaranje...

    4 hours ago
  • 3 altcoina koje vrijedi pratiti u prvom tjednu srpnja 2025

    4 hours ago
  • XRP Bulls Are Soaring — FINDMINING Rides the Wave to...

    10 hours ago
  • $AIN Expands to 7 DEXs as AI Network Activates Omnichain AI...

    10 hours ago
  • 仮想通プレセール注目:リップルが米銀行ライセンスを申請、機関投資家の関心が急上昇中

    ...

    1 day ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.