Author

Topic: Bitcoin Enables Drug Dealing, Just as Major Banks Do (Read 978 times)

legendary
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
Drug dealers will accept almost anything that is worth money, hell many of them even accept checks.   If they are selling meth or other lifer drugs, they get offered trades (i.e. dvd players, bikes, watches, etc) every day... So if the drug dealer can't get paid in bitcoin, he will still get cash...and just about anything else that is worth money.

The drugs sell themselves...bitcoin is just another medium that they can accept
legendary
Activity: 2674
Merit: 3000
Terminated.
Fiat enables drug dealing, let's ban it.
newbie
Activity: 28
Merit: 0
You don't say...

Every government is out there looking out for their own best interests, laundering money is perfectly fine in the U.S. as long as you do it through wall street like everybody else.
legendary
Activity: 1232
Merit: 1195
the banks are worse for this, to the tune of billions of dollars.
its been proven in court

What court was that? Don't they normally just pay them off?
newbie
Activity: 11
Merit: 0
the banks are worse for this, to the tune of billions of dollars.
its been proven in court
legendary
Activity: 2674
Merit: 3000
Terminated.
A drug addict can buy drug with any kind of goods like, stolen cell phone, tv, videogame dvd, sex .. etc ...
You can't really stop someone from getting drugs if they really want them.
global moderator
Activity: 4018
Merit: 2728
Join the world-leading crypto sportsbook NOW!
I think the whole issue of Silk Road definitely blew the who Drug Dealing thing out of proportion.
Yes, people may be able to buy drugs online anonymously...but who the hell buys drugs online?

Exactly ...   Grin you can buy just on the street corner ... hell I couldn't wait weeks for delivery LoL ... 

Well why would you buy crap off the street when you can buy great stuff online and have it delivered straight to your door?
sr. member
Activity: 350
Merit: 252
REAL-EYES || REAL-IZE || REAL-LIES||
Yeah what i don't understand is few people want that we don't move forward from this corporate era.. and get a new level of freedom..!
legendary
Activity: 1806
Merit: 1521
I think the whole issue of Silk Road definitely blew the who Drug Dealing thing out of proportion.
Yes, people may be able to buy drugs online anonymously...but who the hell buys drugs online?

Exactly ...   Grin you can buy just on the street corner ... hell I couldn't wait weeks for delivery LoL ... 

The only people who buy online are ones who are already high and aren't in the right state of mind.
full member
Activity: 238
Merit: 100
Stand on the shoulders of giants
I think the whole issue of Silk Road definitely blew the who Drug Dealing thing out of proportion.
Yes, people may be able to buy drugs online anonymously...but who the hell buys drugs online?

Exactly ...   Grin you can buy just on the street corner ... hell I couldn't wait weeks for delivery LoL ... 
legendary
Activity: 1806
Merit: 1521
I think the whole issue of Silk Road definitely blew the who Drug Dealing thing out of proportion.
Yes, people may be able to buy drugs online anonymously...but who the hell buys drugs online?
hero member
Activity: 504
Merit: 500
Hypothetical situation: Go to your local drug dealer, tell him you'll pay him in bitcoins.  He will punch you in the face.

My point, the whole BTC=drug money thing is WAAAAAAY overstated by the media.

The comparison doesn't end there: guns, prostitution, pornography, etc. Cash is still the preferred method of for all these industries and also money launderers.

Exactly, and if media outlets reported on every instance of USD used for drugs or any illegal transaction, they wouldn't have time to report on anything else.  They clearly have an agenda, as they do with any subject.  Their agenda regarding BTC is to destroy it.
full member
Activity: 238
Merit: 100
Stand on the shoulders of giants
A drug addict can buy drug with any kind of goods like, stolen cell phone, tv, videogame dvd, sex .. etc ...
global moderator
Activity: 4018
Merit: 2728
Join the world-leading crypto sportsbook NOW!
Hypothetical situation: Go to your local drug dealer, tell him you'll pay him in bitcoins.  He will punch you in the face.

My point, the whole BTC=drug money thing is WAAAAAAY overstated by the media.

The comparison doesn't end there: guns, prostitution, pornography, etc. Cash is still the preferred method of for all these industries and also money launderers.
hero member
Activity: 727
Merit: 500
Minimum Effort/Maximum effect
You know if those exchanges, stick to implementing those bank regulations it'll make them the most trustworthy exchange institutions in the world. I say let them do it, the exchanges are only a temporary solution once everyone is within the Bitcoin ecosystem it won't matter, their regulations will stop working since the gates to enter will become obsolete. Same as for cash, if you have cash you have entered a ecosystem beyond regulators controls. The whole argument about drugs is so nuts it doesn't even make sense when you think about it, just a load of slander it seems.

the only difference... no one has to replace bitcoins like paper cash, so no need to ever go to the bank to get more.
hero member
Activity: 504
Merit: 500
Hypothetical situation: Go to your local drug dealer, tell him you'll pay him in bitcoins.  He will punch you in the face.

My point, the whole BTC=drug money thing is WAAAAAAY overstated by the media.
sr. member
Activity: 271
Merit: 250
you can also buy drugs with cash in the streets. Now ban cash or ban the streets?
global moderator
Activity: 4018
Merit: 2728
Join the world-leading crypto sportsbook NOW!

Yeah, but any rational person will already know this. Only fools and naysayers try to slander Bitcoin this way.
newbie
Activity: 18
Merit: 5
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