Bitcoin, Dark Web, Drugs and Government. - page 2.

imstillthebest

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Quote from: Colt81 on December 18, 2019, 09:35:26 AM

Quote from: acroman08 on June 17, 2019, 11:39:53 AM

............

Drug syndicates are also getting smarter and smarter just to find a way on how they could sell drugs. It is the reason why a lot of countries has a bad view about bitcoin because some people used the dark web just to make transactions with their illegal businesses for them to be untraceable by the police or the drug enforcement agency.

they need to be smart so that they can think of the ways on how to continue thier business because this where they get thier wealth the most . business like this are easy money and they can earn huge but the big problem is that it is illegal .

darkweb is the one that we blame here not btc because btc is only a currency and a currency can be used anywhere but a website like darkweb is only specific for listing strange things and illegal things as well .

Colt81

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Quote from: acroman08 on June 17, 2019, 11:39:53 AM

Philippines war on drugs entered a new phase as drug Syndicates are now using bitcoin to transact and avoid detection from the government. PDEA(Philippine Drug Enforcement Agency) recently found out that most organized Drug syndicate are using the dark web to transact to each other. It's clear that some countries are slower at adopting new technologies and these drug syndicate took the opportunity to make their transactions much easier without being detected by the government. here is the link for more details: https://www.philstar.com/headlines/2019/06/11/1925535/pdea-drug-syndicates-use-dark-web-bitcoin

Drug syndicates are also getting smarter and smarter just to find a way on how they could sell drugs. It is the reason why a lot of countries has a bad view about bitcoin because some people used the dark web just to make transactions with their illegal businesses for them to be untraceable by the police or the drug enforcement agency.

agentx44

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Quote from: acroman08 on June 17, 2019, 11:39:53 AM

Philippines war on drugs entered a new phase as drug Syndicates are now using bitcoin to transact and avoid detection from the government. PDEA(Philippine Drug Enforcement Agency) recently found out that most organized Drug syndicate are using the dark web to transact to each other. It's clear that some countries are slower at adopting new technologies and these drug syndicate took the opportunity to make their transactions much easier without being detected by the government. here is the link for more details: https://www.philstar.com/headlines/2019/06/11/1925535/pdea-drug-syndicates-use-dark-web-bitcoin

That is one of the most dangerous uses of bitcoin. It is being used in illegal transactions conducted by terrorists and syndicates which makes things harder for the government to take legal actions. If this would continue, we should expect that drugs will be more evident in different parts of the world, not only in the Philippines. Also, there are other illegal products that are being sold under the black market where bitcoin serves as the mode of payment so it should not be a surprise seeing things like this anymore, I mean it's not new.

X-ray

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Quote from: Mpamaegbu on December 18, 2019, 08:10:41 AM

Let the government and the rest of the haters continue to take a swipe at Bitcoin in their bid to discredit and drag it down. They've tried enough damage yet Bitcoin isn't dead. It's a big shame on them because 2020 will see another halving of Bitcoin that will further strengthen the price. Bitcoin has come to stay whether it's labelled a courier for drugs and illicit activities or not (as if fiat isn't used for such too), the community will continue to seek it.

It's really funny considering fiat takes up the biggest portion of currency being used for dealing drugs or any criminal activities and bitcoin is the one that take blame. the mentality of media right now is always putting crypto at the position to blame meanwhile if we are talking about money laundering there are definitely so many method out there that didnt use crypto but still can get away easily. even i doubt people with right mind will deal illegal things using crypto anyway considering how hard it's just to cash out from exchange.

Joseph Knight

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Bitcoin transaction ledger is seethrough.
Drugmarkets use Monero reportedly , which has maybe the best anonymity features
Of any crypto that are privacy focused.

Started to wonder as I saw the title, and remembering recent news of Monero dev Spagni
stepping down officially from leading position in Monero.
Maybe he wants to have distance to XMR as it's use as a darkmarket currency could bring problems to him.

Well, anyway kids - Don't do Drugs.

Asuspawer09

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Quote from: acroman08 on June 17, 2019, 11:39:53 AM

Philippines war on drugs entered a new phase as drug Syndicates are now using bitcoin to transact and avoid detection from the government. PDEA(Philippine Drug Enforcement Agency) recently found out that most organized Drug syndicate are using the dark web to transact to each other. It's clear that some countries are slower at adopting new technologies and these drug syndicate took the opportunity to make their transactions much easier without being detected by the government. here is the link for more details: https://www.philstar.com/headlines/2019/06/11/1925535/pdea-drug-syndicates-use-dark-web-bitcoin

I think it was given since the Philippines was already adopting a technology it was already a great asset for them to use,
They could easily use bitcoin as an asset of transactions for selling drugs since it was impossible to be trace because it has an anonymous transaction,
Surely the government could not do anything about this but they could just banned bitcoin in the country, surely the president is just going to be violent about this.
And I think it was not yet fully developed or use in drug transactions since a lot of bitcoin wallets in need a KYC I think they will not risk giving their identity.

hotmom

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Even if fiat were used instead of crypto, it wouldn't change anything. Dark web would find ways to obtain funds.

Mpamaegbu

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Once a man, twice a child!

Let the government and the rest of the haters continue to take a swipe at Bitcoin in their bid to discredit and drag it down. They've tried enough damage yet Bitcoin isn't dead. It's a big shame on them because 2020 will see another halving of Bitcoin that will further strengthen the price. Bitcoin has come to stay whether it's labelled a courier for drugs and illicit activities or not (as if fiat isn't used for such too), the community will continue to seek it.

bitcoinsocial09

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Quote from: acroman08 on June 17, 2019, 11:39:53 AM

Philippines war on drugs entered a new phase as drug Syndicates are now using bitcoin to transact and avoid detection from the government. PDEA(Philippine Drug Enforcement Agency) recently found out that most organized Drug syndicate are using the dark web to transact to each other. It's clear that some countries are slower at adopting new technologies and these drug syndicate took the opportunity to make their transactions much easier without being detected by the government. here is the link for more details: https://www.philstar.com/headlines/2019/06/11/1925535/pdea-drug-syndicates-use-dark-web-bitcoin

It was surely a good option to use since bitcoin technology was already unique and revolutionary to a lot of users , they could easily make a transaction without being tract by a government since the bitcoin have its anonymous transactions in the blockchain surely they could easily use it but it is more like of a test since the people from Philippines was not all expose to a advance technology like bitcoin.

FaithInCrypto

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This is the negative side of using Bitcoin since it is decentralized and untraceable. These evil activities don't only exist in the Philippines but other countries as well, one reason why the government doesn't approve of using Bitcoin or not in favor of cryptocurrencies since they can't track the transaction of the member involved. Too bad because it could be one of the reasons why other country's governments choose to ban the use of Bitcoin as it'll be used for bad transactions.

Linkkoin

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Quote from: Pinkris128 on December 18, 2019, 05:59:15 AM

Quote from: White Christmas on December 18, 2019, 12:44:22 AM

Quote from: acroman08 on June 17, 2019, 11:39:53 AM

Philippines war on drugs entered a new phase as drug Syndicates are now using bitcoin to transact and avoid detection from the government. PDEA(Philippine Drug Enforcement Agency) recently found out that most organized Drug syndicate are using the dark web to transact to each other. It's clear that some countries are slower at adopting new technologies and these drug syndicate took the opportunity to make their transactions much easier without being detected by the government. here is the link for more details: https://www.philstar.com/headlines/2019/06/11/1925535/pdea-drug-syndicates-use-dark-web-bitcoin

As what you have been said, that was true that sone of the drug lords are using bitcoin and dark web nor deep web in order to make a anonymous transaction so that the government will not be able to see the transactions that was doing by the drug syndicates. It is merely a fact that in Philippines was who are very slow in adapting the new technology will be able to start a investigations on what are really happening inside the internet and how would the drugs are depositing in each country to the use of internet. Those drug syndicates are taking the opportunity to transact drugs in those countries that are very weak when it comes to the security in the internet, and many news that not only drugs are selling through the use of bitcoins.

Indeed. Bitcoin was used before for selling and buying drugs, weaponry, and other illegal activities in the dark web, that is why the government was not infavor with bitcoin before because it is also very difficult for them to track criminals when they are making transactions. I think bitcoin is still been used in illegal activities in the dark web because as long no person was not arrested because of it, they will still continue.

Less and less to be honest, as Bitcoin is traceable, it is getting eliminated from darkweb slowly.

Pinkris128

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Quote from: White Christmas on December 18, 2019, 12:44:22 AM

Quote from: acroman08 on June 17, 2019, 11:39:53 AM

Philippines war on drugs entered a new phase as drug Syndicates are now using bitcoin to transact and avoid detection from the government. PDEA(Philippine Drug Enforcement Agency) recently found out that most organized Drug syndicate are using the dark web to transact to each other. It's clear that some countries are slower at adopting new technologies and these drug syndicate took the opportunity to make their transactions much easier without being detected by the government. here is the link for more details: https://www.philstar.com/headlines/2019/06/11/1925535/pdea-drug-syndicates-use-dark-web-bitcoin

As what you have been said, that was true that sone of the drug lords are using bitcoin and dark web nor deep web in order to make a anonymous transaction so that the government will not be able to see the transactions that was doing by the drug syndicates. It is merely a fact that in Philippines was who are very slow in adapting the new technology will be able to start a investigations on what are really happening inside the internet and how would the drugs are depositing in each country to the use of internet. Those drug syndicates are taking the opportunity to transact drugs in those countries that are very weak when it comes to the security in the internet, and many news that not only drugs are selling through the use of bitcoins.

Indeed. Bitcoin was used before for selling and buying drugs, weaponry, and other illegal activities in the dark web, that is why the government was not infavor with bitcoin before because it is also very difficult for them to track criminals when they are making transactions. I think bitcoin is still been used in illegal activities in the dark web because as long no person was not arrested because of it, they will still continue.

White Christmas

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Quote from: acroman08 on June 17, 2019, 11:39:53 AM

Philippines war on drugs entered a new phase as drug Syndicates are now using bitcoin to transact and avoid detection from the government. PDEA(Philippine Drug Enforcement Agency) recently found out that most organized Drug syndicate are using the dark web to transact to each other. It's clear that some countries are slower at adopting new technologies and these drug syndicate took the opportunity to make their transactions much easier without being detected by the government. here is the link for more details: https://www.philstar.com/headlines/2019/06/11/1925535/pdea-drug-syndicates-use-dark-web-bitcoin

As what you have been said, that was true that sone of the drug lords are using bitcoin and dark web nor deep web in order to make a anonymous transaction so that the government will not be able to see the transactions that was doing by the drug syndicates. It is merely a fact that in Philippines was who are very slow in adapting the new technology will be able to start a investigations on what are really happening inside the internet and how would the drugs are depositing in each country to the use of internet. Those drug syndicates are taking the opportunity to transact drugs in those countries that are very weak when it comes to the security in the internet, and many news that not only drugs are selling through the use of bitcoins.

Sahyadri

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Bitcoin has been majorly associated with dark web by the government. No doubt bitcoin got recognition from the dark web only and the main utility of bitcoin as a currency was there only. But if you compare the trades carried out with bitcoin to that if cash, cash will win by huge margin.

Bitcoin has the specifications which make it really easy to be used in dark web transaction. But banning bitcoin won't solve the problem of dark web's illegal activities. Bitcoin is just a payment mechanism. People will find some other to fund their illegal activities. There isn't much what government can achieve by banning bitcoin when it comes to dark web.

dimox

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actually, every country have bad news, but not all revealed or publish. and bitcoin is just one of the other way that used by them because it have advantage, and there are many ways to make transaction and government still dont know about. crime will always be found everywhere, and people will always success break the system.

electronicash

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Quote from: DreamStage on December 17, 2019, 12:30:50 PM

That has been like that for years and now they worry about crypto being involved... Roll Eyes

It is a reality they should take measures sooner than later / never of course as other countries are doing so far.
Considering Philippines is one of the most popular and used countries for such illegal stuff i am sure it will be hard for them to fix their issues.

I just hope that can manage to regulate something up so it becomes a green sign.

the country has more issues than drugs and this war on drugs of Duterte administration which had been politicize for years already. the people behind destroying Duterte are also the ones who own the drug business, methlabs, TV stations, news stations and water concessionaires, they hate the president for they can't bribe the old man.

TRUMP and DUTERTE share the same issues. the news outside our country are very much blown for propaganda for character assassination of President Duterte. the news outside US was that Trump is the worse but in realityTrump gets a lot of support from US.

DreamStage

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That has been like that for years and now they worry about crypto being involved... Roll Eyes

It is a reality they should take measures sooner than later / never of course as other countries are doing so far.
Considering Philippines is one of the most popular and used countries for such illegal stuff i am sure it will be hard for them to fix their issues.

I just hope that can manage to regulate something up so it becomes a green sign.

sarnic

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Quote from: msarro on December 17, 2019, 10:00:17 AM

Drug dealing and other bad stuff are there for centuries. Even with fiat currency, it's very hard to detect them because of there ties with government officials. Bitcoin price is volatile yesterday it was 7100 and now it's 6800. I don't think its a good idea to trade drugs for such volatile currency.

That's true, crimes are for centuries. Government can do almost nothing with that. Nowadays, when technology (including cryptocurrencies) developed so fast, crimes has grown. New laws and 5AMLD aren't able to stop it completely, just prevent it in some way. I think it's quite useful and might be helpful in some cases.

msarro

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Drug dealing and other bad stuff are there for centuries. Even with fiat currency, it's very hard to detect them because of there ties with government officials. Bitcoin price is volatile yesterday it was 7100 and now it's 6800. I don't think its a good idea to trade drugs for such volatile currency.

btc78

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Quote from: acroman08 on June 17, 2019, 11:39:53 AM

Philippines war on drugs entered a new phase as drug Syndicates are now using bitcoin to transact and avoid detection from the government. PDEA(Philippine Drug Enforcement Agency) recently found out that most organized Drug syndicate are using the dark web to transact to each other. It's clear that some countries are slower at adopting new technologies and these drug syndicate took the opportunity to make their transactions much easier without being detected by the government. here is the link for more details: https://www.philstar.com/headlines/2019/06/11/1925535/pdea-drug-syndicates-use-dark-web-bitcoin

It’s just happen that PDEA has found something that they can throw a word against cryptocurrency or in Bitcoin specifically,but we all know that this is happening around the world and even without bitcoin around this bad elements will find ways how to deal their illegal activities so the thing here is nothing in the world can stop them unless they will put under 7 feet.because even the bars can not prevent them from doing thisc activities so what would the crypto community can do against them?

Topic: Bitcoin, Dark Web, Drugs and Government. - page 2. (Read 1186 times)