Topic: Bitcoin, Dark Web, Drugs and Government. - page 4. (Read 1185 times)

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.

Without bad there can be no good right? Every currency has this unfortunately, some more than others but we are all to blame the same.... kind of

I completely agree with you there. Just look at what he did last month with sending  all these barges of garbage labelled as recyclables back to canada where they originated from. Or if they did not take it back he will declare war on their country. So of course the peaceful nation in which they are accepted taking back the garbage to their country and will be disposing of it the proper way and not sending it off to another country to deal with.
So he is being quite brash in his methods but they are effective.

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.

Media had been biased for over a decade, they always favor who is in power, or who they are in favored with.  But I see the president bombarding this biased media stations.  So, I think he will not be influenced by these kind of people.


Government can't ban their self made currency.  It will be a slap on their face if they do.  And  i believe physical cash is the more anonymous if traded in p2p so the government will have a problem tracing drug dealers using this kind of medium of exchange.  That is why, whenever they have an entrapment mission, they always use a marked money to catch the perpetrator.


I think all they can do is to regulate cryptocurrency which is what they are doing right now.  "Big government" or let us say Developed countries always share intels amongs their ally.  That way, they can help countries that lacks technology in tracing things.

If the "government needs to do something" what do you think they can do which will not harm people? Do you actually think Big Government will help and how?

and what about drug business that's running on fiat currency for centuries? Every invention has both good and bad usage. We can't say CC is bad since its used by drug dealers. There are many positive aspects of CC which we must take into account

hope so. its not the president i'm worried he'd decide differently, he is very much open to new ideas and new approach to things. this is the best president we could ever have. i like this one the most. its those around him that has the bad intention like the media, the previous administration who rules the country for more than30 years but had done nothing but to stay in power.

I do not think the president will ban Bitcoins in the Philippines because of this issue on Drugs or being used in Darkweb.  There are several signs that Philippines are getting more accomodating to blockchain technology and Bitcoin is one of them.  The Philippines had prepared a regulatory guidelines about blockchain technology and ICO's to take advantage of this trend.  They even approved more than 10 crypto exchanges in the country so I think the president won't waste this opportunity for the Philippines.

Though, these drug traders on the dark web should have used anonymous coins in order for them not to be tracked by the authority.  Bitcoin is fully traceable.  I bet those who used them will be pinpointed and be put to jail soon.


Well said, I also believe that BTC that passes mixing service will be traced to.

Most syndycates that are active in illegal industries are the first to adopt innovate technologies. And why is that?
Because it is ahead of everyone and they make their lives easier with paying with Bitcoin for example. What makes me sad is because of that issue, bitcoin may be regulated in Phillippines. Or it may be stronger that will make it to be adopted by citizens faster.

It is almost completely false, you can get a lot of information.
If someone wanted he could gather data from darkweb, he could identify the btc addresses which are tied to dark web, identify addresses of mixer and exchanges and even those who are selling btc for FIAT. Now agencies can track the transaction to the person or organization like exchnage where it was exchanges and if the amount was big then it will be possible to identify the person who did business with exchanger.

Whether the war on drugs will fail or not is of minor importance regarding Bitcoin usage. What is important is that BTC, because of its traceability, has been no longer used by high ranking criminals of the Dark Web. What most of them have been using is Monero, Monero, not Bitcoin, period. Actually, I think governments are aware of that. The reason of all the confusion is some journalists who are poorly versed in the subject of which they write.

I don't know why the government is blaming the bitcoin for all those dark web activities. Is the Government trying to say that Dark Web illegal activities didn't exist before bitcoin was invented? Of course it did exist. People did illegal activities over there using fiat. To keep their themselves safe from getting tracked, they used gift cards as a form of making payments.
It's totally bullshit to put all blames on crypto currencies. Why not find a better solution or a way to just crackdown all illegal activities taking place over there?

A public blockchain can easily be traced especially with the proper technology. Ciphertrace reported $1.2 billion total they were able to see was either lost through theft, scams or fraud. I don't know the exact hard number which was attributed to the dark web exactly

Dark Web is the deepest part of the deep web where the content in it is a negative majority, for example drug buying and selling sites and so on. Dark web is also hidden. Some dark web sites are often used to trade inappropriate things in black markets or black markets. Some examples of crime activities found on the dark web: sales of drugs, pornography (including child pornography), sex trafficking and human trafficking, arms sales, counterfeit currency sales, fake documents, hacking software, malware, stolen credit cards, hackers payment, to contract killers. It is this buying and selling activity that requires deep web users such as contract killers with their clients to be able to transact safely and anonymously so a currency that is not tied to a bank, country and company is created. In this case the Deep web chooses the Bitcoin currency as the primary payment instrument and is accepted by everyone in the deep web.

Bitcoin itself was chosen because the bitcoin currency meets several criteria, namely the deep web currency is not affected by the state and the bitcoin apparatus and currency do not ask for an identity when used so this currency only requires a recipient's address and sender's address, not a home address unique code that is different from each person.

In that unique address no information can be obtained regarding the sender and recipient of bitcoin. What they know is that the address becomes a name, the photo will not be visible. Bitcoin itself also has a system of "Final Action" which is when we / other people send bitcoin for payment then the action cannot be canceled once you press the Send button, Send Bitcoin, Pay then the money in Bitcoin will be transferred directly to the Bitcoin Wallet go and this transaction cannot be canceled or revoked.

Law enforcement agencies around the world have worked hard to bring down the dark web community used by criminals, according to James Chappell, founder of the threatening intelligence firm based in London Digital Shadows.

War on drugs is stupid but not because of the reasons you have provided. Hospitals doe snot use hallucinogenic drugs and stimulant drugs . People on " the street" use particular drugs for completely different reasons than in Hospitals. The way to stop that should be completely different than " war" on drugs. Portugal is a good example.



It seems that you dont understand the issue. Every bank has to comply with AML, crypto transactions should also comply. If crytpo is not controlled by laws in particular area , then in case of terrorist financing it could be a tool for them.
If money is transferred via crypto with the aim to buy goods, It will be exchanges to fiat. Right now there are not a lot of vendors accepting crypto as payment form.

Its not surprising anymore, syndicates will find a way that is convenient for them and they use bitcoin for that. But bitcoin itself is not a a part of syndicate. I think we should not change our positive views about btc because of that. Bitcoin itself is also a victim. It was made for the good welfare but it was use for illegal purposes.

Honestly this is the bad side of bitcoin ,they using it for payment method of using illegal transactions, because bitcoin only track transaction and thats only,and you could'nt know who the one or who the person about to trade by using it.

Bitcoin is really used for illegal purposes, it's true. But countries, on the contrary, should not prohibit it, but accept and begin to regulate transactions with it. It is impossible to ban it, people will still find a way to use it.

PDEA is really outdated when it comes to intelligence about such matters. The Feds already know about this back in 2013 and had effectively seized bitcoins from the Silk Road and other known persona involved in the said marketplace. This has always been an issue for bitcoin, but fact of the matter is it's not only being done through bitcoin but also with fiat. Drug money and funding from terrorists all came from the USD prior to bitcoin's inception, so there's really not much the governments can do even if they banned crypto in their countries because nefarious people will always find a way to complete their activities.