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Topic: Bitcoin, Dark Web, Drugs and Government. - page 3. (Read 1186 times)

member
Activity: 616
Merit: 10
thats why some country ban this cryptocurrency because of there illigal activity. they use bitcoin to hide there idintity and untraceable transaction...
this is one of the weakness of bitcoin to be utilized by persons who are not responsible that cause concern from the government will be expanding the crime rate is, in fact bitcoin is just the object, depending on the subject who use them are to be used positive activities or negative activities like crime
legendary
Activity: 3374
Merit: 2198
I stand with Ukraine.
The funny thing is any currency can be used to buy these things which are seen as illegal in some places while in others they are not.
So it all comes down to crossing the line of ethics in which these devices of going against ones countries own law is in view of whether it is right or wrong in the authorities eyes of those governing countries. Thats all really. Embarrassed
You cant just ban bitcoin and other cryptocurrencies and expect these problems to magically just go away.
That is just plain absurd. Roll Eyes

That's right, criminals will always find a way to do illegal businesses, with or without Bitcoin. Also, if some crypto should be banned in this regard, it's not BTC. Criminals realized long ago that they can be tracked because of using Bitcoin, and started using Monero (XMR) for thier transcations. Other so called "privacy-oriented" cryptocurrencies include Dash (DASH), ZCash (ZEC), Verge (XVG) and Bitcoin Private (BTCP). The developers claim keeping their network users' identities and their activities completely hidden from prying eyes of everyone, including police. If they are so inclined to ban crypto, governments should ban those in the first place and leave Bitcoin alone.
newbie
Activity: 2
Merit: 0
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 the main threat bitcoin facing today.Using bitcoin by criminals for their criminal activities.They using this un-detectable advantage of bitcoin wisely,They doing their job and putting all bitcoin network in danger.Then the government officials come and try to ban bitcoin.End of story.
sr. member
Activity: 763
Merit: 252
thats why some country ban this cryptocurrency because of there illigal activity. they use bitcoin to hide there idintity and untraceable transaction...
legendary
Activity: 2828
Merit: 1497
Join the world-leading crypto sportsbook NOW!
The funny thing is any currency can be used to buy these things which are seen as illegal in some places while in others they are not.
So it all comes down to crossing the line of ethics in which these devices of going against ones countries own law is in view of whether it is right or wrong in the authorities eyes of those governing countries. Thats all really. Embarrassed
You cant just ban bitcoin and other cryptocurrencies and expect these problems to magically just go away.
That is just plain absurd. Roll Eyes
full member
Activity: 798
Merit: 121
I think it's inevitable... Those drug syndicates will always find a way to keep the business running without getting caught. And I think it's also one of the negative side of crypto. They're using it for illegal purposes and giving it a bad reputation. I just hope, it won't affect the use of bitcoin and other crypto in the Philippines.
member
Activity: 406
Merit: 11
there will always be that person who even very bright and clean projects that should benefit humanity will be used with malicious intent.  the whole history of mankind is built in such a way that someone will do well, and someone will deceive.  It is through the prism that you can look at Bitcoin, because someone uses it for good purposes, And someone in criminal activity ..
newbie
Activity: 6
Merit: 0
Not only in the Philippines the Human Being and trickster guy, There are many more transactions than we think. Lips sealed
sr. member
Activity: 1638
Merit: 300
Yes man im missing the old world before bitcoin.there was no crime, everyone was happy, respectfully.i dont want to live here anymore with evil bitcoin.

No crime? Are you serious? A lot of people or let's say criminals are taking advantage of the decentralized crypto currency in the past. In fact there are a lot of people that became popular since they are caught in the deep web using btc to sell and buy things there. If you don't want the btc you are seeing right now, you can just leave your btcs.
full member
Activity: 924
Merit: 221
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




How can you really be so sure OP? If this is really happening then it will be difficult for the authority to track drugs transaction related crimes. But, I think that government are already conducted a study making the possible solution for this problem. Probably it will be the reason why blockchain and other altcoins are being  abused by the clients.
member
Activity: 473
Merit: 11
In my opinion Dark Web and Drugs have become a normal use if you talk about this with Bitcoin. What becomes more complicated is the government now, Affairs with real people only know a small part of the Blockchain Technology. And also additionally with the politics can make blockchain and cryptospace become sick.
jr. member
Activity: 42
Merit: 2
I have a remedy to change peoples minds about Bitcoin and Crypto Currency in general Smiley
member
Activity: 2044
Merit: 16
This is truly saddened about bitcoin being used on these kind of unethical ways by group of criminals and this is not new to us all even before bitcoin was used on several illegal acts. Bitcoin has greater purpose and uses and could make our lives even better, in a good way. We just have to accept that we cannot control anyone to use it for good or bad, it's just the negative and dark side of bitcoin, that is. But overall bitcoin is a great innovation and everyone adopters should be proud of.
full member
Activity: 1330
Merit: 147
Bitcoin is indeed a good technology that makes it very easy to conduct financial transactions. Naturally bitcoin is used for positive transactions. If bitcoin is used for negative transactions, it will reduce the self-esteem and popularity of bitcoin. I am afraid that public trust in bitcoin will be eroded again. As technology connoisseurs, we should be wiser in utilizing existing technology for positive activities. Don't let us participate in damaging the morale of the nation with drugs.
The people especially for those who consider that bitcoin is often to be use as a dark activity should be understood that all currency can be use as illegal activity not bitcoin only. Don't only see bitcoin is new currency so as they are free to give a negative feedback to the function of bitcoin even if compare with the using of money fiat bitcoin is a safe way to be use as payment system because we can track all our transaction transparently which mean the government can see activity of their citizen who use bitcoin. This is like an attack in order to new people who will buy bitcoin will not gonna happen, many people don't like bitcoin and we should not give more replies to them, assuming this is just a trial.
sr. member
Activity: 819
Merit: 251
Many of the member here are right about what is really happening into it. Those drug users and drug pushers are just using bitcoin as their tool for the transactions. Bitcoin is not the real thing there but it involves.
There's always consequences in anonymity this is the example of it. The government is fixing this and making a solution into it for sure. We as a bitcoin user we don't really have the power to do something big about it but the only thing we can do is to make them understand what really bitcoin is.
legendary
Activity: 3374
Merit: 1824
Btc would be popular if we could stop using btc for illegal anonymous transaction. Now most of the people think that btc is the easy way to hide identity and to deal with illegal items like ammo, drugs and porn. Older citizens think that btc was created for illegal purpose only. But honestly, btc is more usuable than that. Underlying block chain tech is a revolution. But our greed and dishonesty will make btv suffer. It is our fault

You are right but you can't control others, their decisions and thinking.
People will always use any chance to cheat others and it's nothing we can do it about it.
We should promote bitcoin to others and also explain about it very well.
People are always doubtful about new technologies but they will eventually accept it, when they understand it, I have no doubt about it.

legendary
Activity: 1526
Merit: 1026
Btc would be popular if we could stop using btc for illegal anonymous transaction. Now most of the people think that btc is the easy way to hide identity and to deal with illegal items like ammo, drugs and porn. Older citizens think that btc was created for illegal purpose only. But honestly, btc is more usuable than that. Underlying block chain tech is a revolution. But our greed and dishonesty will make btv suffer. It is our fault
full member
Activity: 562
Merit: 100
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




This was to be expected as everyone knows about the existence of anonymous cryptocurrencies.It is the dark world that pushes many people away to use cryptocurrencies.It's really a problem.Let's see how will behave the FATF.Yet they must take some appropriate steps.
sr. member
Activity: 784
Merit: 250
Money laundering through bitcoin by syndicate groups is a real problem for some countries. This is a very serious problem that need to be resolved by governments as soon as possible. Some countries such as India already planning to ban bitcoin with the same reason.
hero member
Activity: 1540
Merit: 508
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




Many people love Bitcoin because of its anonymous transactions feature, either to the criminal. They love using bitcoin mixer system to hide the resource of Bitcoin.
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