Topic: Bitcoin on Drug Trade - page 2. (Read 1799 times)
Yes it is possible specially Bitcoins is now world wide. But I wish it will not come to the point that bitcoin is related into illegal activities. Activities that will hurt somebody. Lets not abuse this kind of opportunity because we did not know until when this bitcoin will exist.
Yes it can be used in drug cartels, specially that it is more convenient and the dealers can stay anonymous when transacting online. Although bitcoin is used by Drug cartels it is not the Bitcoins fault, it is merely an online currency that provides a more convenient way of transaction, i believe that even if btc never existed they would still transact, it is just that btc for them is the most fastest and safest way to not be caught by the police.
Bitcoin is not to blame for driving drugs and using it as a currency. Drugs have long existed and are selling them with the help of any currencies or those things that are of great value.
Since the cryptocurrencies, particularly the Bitcoin, has provided such a convenient way of trading and transacting basically anything, can we assume or speculate that it is now being used by some "elites" in the drug cartel? c",)
I think it should be stopped anyway!
Since the cryptocurrencies, particularly the Bitcoin, has provided such a convenient way of trading and transacting basically anything, can we assume or speculate that it is now being used by some "elites" in the drug cartel? c",)
I didn't think about this before and I think it is possible to use it on drug transactions. Anyway not only bitcoin is use by drug sindicate because they'll always finds a way to deal drugs. 
I think that some people use this method for trade in cigarettes, because bitcoin is anonymous and has the property to rapidly raise the price. The deal thus becomes more profitable for them.
There is a lot of possibility that it does. I guess there is no way to track those but o hope soon enough they'll find solution about it.
Since the cryptocurrencies, particularly the Bitcoin, has provided such a convenient way of trading and transacting basically anything, can we assume or speculate that it is now being used by some "elites" in the drug cartel? c",)
some drug user use bitcoin to buy drugs, I read some site or page that in market that you can use bitcoin as value so they have an discount thats why too many people buy on that market and also it has an easy transaction so it is hard to manipulate by government.
Discount is not the primary reason. In most cases, drugs are cheaper on the street than in the dark market. But the quality is usually better when you purchase the stuff from dark market. Also, the safety issue is there.
Since the cryptocurrencies, particularly the Bitcoin, has provided such a convenient way of trading and transacting basically anything, can we assume or speculate that it is now being used by some "elites" in the drug cartel? c",)
some drug user use bitcoin to buy drugs, I read some site or page that in market that you can use bitcoin as value so they have an discount thats why too many people buy on that market and also it has an easy transaction so it is hard to manipulate by government.
Of course bitcoin can be used into illegal things since bitcoin is completely anonymous where no one see where it came from and no one will know whats that payment for we are now in new generation that technology runs everything how come on internet where also from dark web where there are lots of illegal drug users and sellers.
Since the cryptocurrencies, particularly the Bitcoin, has provided such a convenient way of trading and transacting basically anything, can we assume or speculate that it is now being used by some "elites" in the drug cartel? c",)
I think this is possible because it would be easier and safer for them to do their transactions if they will use cryptocurrency. They wouldn't need to be cautious and scared if police are watching them. Well it's quite disappointing that cryptocurrency could be used to do bad things.
I wish it will not come to that kind of scenario, that bitcoin will become related to drug transaction or drug trade. Do not ever think to used the money you earn here in the wrong way or in a illegal way. Do not over use this kind of opportunity given to us because no one knows when it will be gone. Just work legal and fair.
I am sure BTC can be related to any market sector and drug trade isn't an exception. If the price of a unit has been increasing so rapidly withing a really short time don't you think there might be special reasons. If crypto currency is initially decentralized why wouldn't "elite" authorities enjoy and use if for illegal transactions.
Yes we can assume and it's not unwise to consider that certainly bitcoin is being used for drug trades. I'm not sure how this can be regulated but crypto's nature is an advatage for people doing illegal transactions. I hope that one day there will be a time when we canndetermine whether a transaction is legal or not but that's not yet the case today
it will break the reason why bitcoin was created being decentralized is one of the unique features of bitcoin and like what you have said illegal doerswill take advantage of this system they will use the platform to transact and to cash out their money as clean as they can.
Of course, bitcoin can be used to drive drugs like any other currency. From this you can not go anywhere while there are drugs and there is a demand for their purchase.
The demand will be there as long as the humanity exists in this planet. Look at countries such as Saudi Arabia and Singapore. In these countries, possessing even minute quantities of drugs can get you the death sentence. But even then, there are tens of thousands of drug addicts in these countries. It is a matter of luck. If you are lucky, then you avoid capture.
Of course, bitcoin can be used to drive drugs like any other currency. From this you can not go anywhere while there are drugs and there is a demand for their purchase.
Since the cryptocurrencies, particularly the Bitcoin, has provided such a convenient way of trading and transacting basically anything, can we assume or speculate that it is now being used by some "elites" in the drug cartel? c",)
This is just like asking whether the people who engage in all his illicit affairs have not been carrying out their activities before bitcoin, or people have not been doing freelancing before bitcoin, these are fundament things that have been happening and if bitcoin serves as a currency it does not discrimate for users to use it. And if another currency comes out tomorrow and accepted then it will be used for all this purposes. 
Yes we can assume and it's not unwise to consider that certainly bitcoin is being used for drug trades. I'm not sure how this can be regulated but crypto's nature is an advatage for people doing illegal transactions. I hope that one day there will be a time when we canndetermine whether a transaction is legal or not but that's not yet the case today
Since the cryptocurrencies, particularly the Bitcoin, has provided such a convenient way of trading and transacting basically anything, can we assume or speculate that it is now being used by some "elites" in the drug cartel? c",)
Yes. Of course it can be used for such a transaction as everything and anythig can be converted into evil depending on the purpose of the user. And with techinologies kaking life easier we can also safely assume that even illegal transactions are carried out the same way.
I don't get it, like there was no drug/weapons trafficking before bitcoin 
...That's nonsense, if someone wants to trade and pay on the illegal way, he will do it no matter cryptocurrencies.
...That's nonsense, if someone wants to trade and pay on the illegal way, he will do it no matter cryptocurrencies. Jump to: