Topic: Bitcoin linked to drugs - page 2. (Read 4342 times)

Lets say that there are 200 000 000 millions users of knives in the USA , in 2010 there were 1,704 deaths by Knives or cutting instruments.
Assuming there are 50 000 transactions daily recorded by the blockchain , that would lead to around 20mil/year.
So , you're assuming there are only 170 transactions related to drugs?
It's all about %.

Also , each year 10/100 000  people die in car accidents. (I am surprised the numbers are going down , while car usage is growing)
Now , are there only 10 people in 100 000 bitcoin users buying drugs?
It's all about %.

About child porn , i don't even want to research that , i find it disgusting.

So , Bitcoin is considered by the average human linked to drugs.
When it finally gets adopted by % and people start using it daily , they will not think about it like that.
But until that , it's about %.

I think maybe the government should focus more on the actual drug dealers and traffickers like they always have and the individuals that may launder their money aka silk road. Attacking BTC is not the answer though.

Well guys my overall some of this thread is

Drugs aren't a good thing for btc but there is nothing we can do about it

people get comfortable with looking at things from the same contrived angle, and there isn't really much you can say to sway them.. so all you can do is just say "alright, i'll just move on."

besides, some of the super bullish BTC people can say just as much crazy things as the BTC bears.

I know there isn't really anything we can do to help BTC with drug dealers but still think its a little problem and just wanted to create this thread to share my thoughts and my story

+1 educate your freinds if they can't yet see beyond "bitcoin is drugs is bad mmkay" argument

So what if it's used for drugs? All forms of currencies are, why not just burn all the fiat money with have because it's all linked to drugs?

Once again the BLACK PROPAGANDA raises its head.



   
Re: 2013-11-15 Wired: Feds Reveal What They Really Think About Bitcoin
November 16, 2013, 08:00:35 AM
   

Look in your own backyard FIRST!!!

The toughest comments came from the Department of Homeland Security. “The anonymity of cyberspace affords a unique opportunity for criminal organizations to launder huge sums of money undetected,” wrote DHS Acting Assistant Secretary for Legislative Affairs Brian de Vallance. “With the advent of virtual currencies and the ease with which financial transactions can be exploited by criminal organizations, DHS has recognized the need for an aggressive posture toward this evolving trend.

The anonymity of CASH/ DOLLARS used in illegal activities is probably 100 to 1000 or even 10,000 or 1MILLION times the value of any virtual used for the same purpose. Maybe they should focus on the BIG problem .

I do not see any action to remove CASH.


i have also been able (sometimes required) to use large amounts of cash. There are quite a few things that (OSTENSIBLY) you cannot do with large cash amounts , the buying a car example is probably bad as you can buy with cash. However the TRUTH in the real world is that there is usually a WAY to do it and MANY do. These examples give  a real life view which is not talked about in polite conversation

http://www.zerohedge.com/news/2013-09-10/money-laundering-exposed-key-component-housing-bubbles-all-cash-bid

http://www.zerohedge.com/news/2013-10-30/top-10-facts-about-us-illegal-drug-market

Recent surveys and research studies by sources from the UN to streetRx.com put the size of the illegal drug market in the U.S. at anywhere from $200 to $750 billion.   99.% of drug transactions are with cash (maybe even 99.99999999999%)

http://www.zerohedge.com/news/2013-04-04/six-steps-stash-your-cash-offshore

Virtual currency used in illegal transactions is talking about a pimple on the @rse of a Monster!!

yeah, though BTC does make being a crook easier.. it's not like crooks are going to say "nah we'll live a clean lifestyle because protecting our cash is too hard." but if a crook gets caught, it'll be much harder to track down his BTC vs. stockpiles of cash.

in the end, i think our crooks in washington/wall street are a bigger issue than low level thugs.

its more then likely these sketchy people are buying BTC so that they can 'restock' their product. its nothing about cashing out to FIAT later for the tax man. most sketchy people are on government social security payments so they dont want to show government that they are making money 'on the side'.

as for

i whole heartedly agree we need a clear division between bitcoin and drugs, much the same as the euro is not automatically linked to the Amsterdam red light district.

the way this would happen is to highlight the thousands of legit businesses to media. and not even mention the illicit businesses. we all know that dollars, euros, and bitcoin are all at a small fraction used for funding drugs. but ensuring that media know that in the last 4 years Billions of FIAT have been seized in relation to drugs, when only thousands of BTC have been seized related to drugs. which really needs to be emphasised.

EG btc is the dime bag of drugs, dollar is the kilo bag of drugs. there is no denying that there are online black markets using btc, much like there's no denying there's certain street corners and red light districts for fiat.. but out of the scale of things the bitcoin black-market is less then 1% of all btc businesses.

so mention foodler (12k fast food restaurants) everytime someone brings up silkroad
so mention bitcoinstore (thousands of electronic products) everytime someone brings up silkroad

Well, knives make the job of murderers easier.

Pleasing media: another losing battle.

BTW, nothing stops crooks from making their own Croocoin. It's even catchy! What I mean though is this: the pandora box has been opened.

are you basically asking me how bitcoin is different from cash? a litany of reasons.. as i'm sure you already know.

If you don't like using things that are associated with drugs, don't use money. Or the postal service. Or the pavement. Stop driving. Don't look, or open your eyes, drug dealers use light to see with, they navigate their way to victims that way. They're crafty like that. Stop breathing, drugs need oxygen to get burnt in. Filthy unclean oxygen.  

How is it different than cash which I can just store in a safety deposit box?

Look Uncle Sam, here is the recipe for Bitcoin Pie! Please dont indict me on money laundering!

the fact still stands though: it makes being a crook easier. i'm not for regulating BTC, but the media uses this angle all the time.

The roots are people wanting to do drugs.


Crooks will always find a way. It is a losing battle. Don't fight losing battles.


Beetcoins... omm nomm... should try to carve a casascius hommage beetcoin edition

this is the same problem we are facing with the bitcoin foundation and those 3 guys who want to red/black/white-list coins. will regulating BTC really work? the only way to deal with those guys is to regulate BTC, but im sure most here don't want that.


i get that USD is used for drug transactions.. but the thing is that BTC allows for criminals to have more options of storing their cash.. options that would otherwise not exist. i'm not for regulation of btc btw, but it's the truth.

I do get your concern. But there is nothing you can do to block people from doing whatever they want with their bitcoins. At least there shouldn't be.

The solution is not in doing something to block bitcoins from being used in drug-related affairs. These people should realise that it happens also with dollars, and knives, and clothes.

It's not that bitcoins should become less drug-related. It's people who should learn to be less stupid and see things in perspective.

I believe it is necessary to fight with roots of the problem, not with consequences. The roots are drugs dealers existence. Not the bitcoin existence.