The Instigator
andreiranisav
Pro (for)
Tied
0 Points
The Contender
strobebeat
Con (against)
Tied
0 Points

Should be bitcoin denied

Do you like this debate?NoYes+0
Add this debate to Google Add this debate to Delicious Add this debate to FaceBook Add this debate to Digg  
Post Voting Period
The voting period for this debate has ended.
after 0 votes the winner is...
It's a Tie!
Voting Style: Open Point System: 7 Point
Started: 3/28/2014 Category: Economics
Updated: 3 years ago Status: Post Voting Period
Viewed: 327 times Debate No: 51149
Debate Rounds (4)
Comments (0)
Votes (0)

 

andreiranisav

Pro

In my opinion, bitcoin should be denied from different few reasons. One of the is that it's usually used for illegal thing such as buying weed,drogs,etc. And it's anonymity helps this people to be harder punished.
Another reason is it's volatility which is really high ( first it was at 1 dollar,now It is at 600 dollar 1 Bitcoin).
strobebeat

Con

you may say that people use bitcoints for illegal purposes, but at the same time, there are MANY good things about bit coins.

(from Quartz)

A powerful global transaction network."

This is what excites both Silicon Valley and the banks despite the crash. "The tech and venture community are excited about the network and protocol," Kinitsky says, while banks are excited about integrating that technology into their own operations. "Every single bank has a team in its strategy department that is looking at bitcoin."
+
"A store of value."

There"s lots of currency depreciation around the world right now, and Kinitsky says that "folks from more emerging markets or non-industrialized countries are excited about the store of value, [and] worried about instability." You can already see this in China"s bitcoin love-affair, but you can imagine all kinds of people who might want to keep their money in bitcoin rather than their home currency, especially where buying safer currencies like the euro or the dollar are forbidden. And, of course, if you think the euro and the dollar are set for failure, one of the original use cases for bitcoin.
+
"A medium of exchange."

Even Kinitsky didn"t seem too bullish on the idea that bitcoin would replace other currencies are a popular medium of exchange, but he mentioned it as a possibility. It"s tough to imagine at the moment, given the challenges of securing bitcoin from hackers.
Debate Round No. 1
andreiranisav

Pro

andreiranisav forfeited this round.
strobebeat

Con

strobebeat forfeited this round.
Debate Round No. 2
andreiranisav

Pro

andreiranisav forfeited this round.
strobebeat

Con

strobebeat forfeited this round.
Debate Round No. 3
andreiranisav

Pro

andreiranisav forfeited this round.
strobebeat

Con

strobebeat forfeited this round.
Debate Round No. 4
No comments have been posted on this debate.
No votes have been placed for this debate.