Bitcoin on Drug Trade - page 3. | Bitcointalksearch.org

Xester

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Quote from: arpon11 on August 22, 2017, 03:02:30 AM

We can not be sure if drug cartels are using bitcoin for there elicit operation. We can speculate how bitcoin been using for by drug cartels. Bitcoin transaction is anonymous and you don't know how transactions were made across all the exchangers platforms.

Bitcoin should be only use by people who are responsible to it. Drug trade is not a good habit that we should support but instead we should stop it. If bitcoin will use in drug trade, we are not sure if our money will be safe because we all know that drug users will do anything to get some money to buy drugs. Me, I don't like the idea that the bitcoin will use in a bad way because bitcoin users want to have a safe money.

arpon11

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We can not be sure if drug cartels are using bitcoin for there elicit operation. We can speculate how bitcoin been using for by drug cartels. Bitcoin transaction is anonymous and you don't know how transactions were made across all the exchangers platforms.

bcnaranjo

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I hope it will not be an instrument to harm people. Bitcoin is develop for a noble purpose. It is developed to help people and make things safer and easier, may it be used for that purpose.

sukiho

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Well as my understandings cartel people are smart and the are adapt with technologies, new equipment, etc. So yes of course BTC is being use as currency exchange for drugs too.

Wayan_Pedjeng

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One of the very first applications for Bitcoin was in the dark markets. Back in 2011 and 2012, very few sites other than the dark markets and gambling sites were accepting Bitcoin as a mode of payment.

cherryganda

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this is not impossiblle but i hope this will never happen because og this many childrenn will be lost on their dreams..
many will be affected again angd much worse those criminal acts ..
thos rapist under the influence of drugs .. those murderer.. robbery that exist because of eagerness to have the money to support their adddiction

Psalms23

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Well, as long as it involves money that is so easy to get and not easily traced, im sure drug cartels use it. And not only drug trade, maybe more. Who knows what illegal businesses is using and exploiting cryptocurrencies in order to evade authorities.

skinomanl

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Of course, like other currencies, it can be used for illegal operations, but bitcoin has an advantage because of its anonymity. Everyone decides for what purposes he should use the crypto currency.

Sithara007

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Quote from: joebrook on August 20, 2017, 02:40:52 PM

Quote from: Sithara007 on August 20, 2017, 01:04:33 AM

Quote from: TeejayTJ on August 19, 2017, 08:42:32 AM

It had been used for years now but not until recently it became famous. Here in the Philippines, you can buy bulks and kilos of drugs without the risk of being caught by using crypto currencies or other third party payment apps like paypal or exchange sites.

The advantage with the dark markets is that they are quite anonymous and safe. You don't have to go to the street, in order to get your daily dosage of weed. But at the same time, this method is not 100% risk-free. Occasionally, cops trace the buyer using the delivery address.

Drugs is regarded as the less vices when it comes to commodities that uses bitcoins for transaction, I have always said that terrorism sponsoring is the most dangerous thing when people uses bitcoins to finance such groups and due to its high anonymity, there is nothing that can be done to stop this thing

I haven't heard about many instances in which Bitcoin was used to fund or sponsor terrorist attacks. Most of the terrorists use physical cash, because it is more anonymous when compared to Bitcoin.

Noctis Connor

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Yes bitcoin now are related to drug trade in dark market they using bitcoin as payment method to pay those drugs that will delivered or ship into their house door to door or by meet ups bitcoins can be safe because you don't know what exactly items you buy because its completely anonymous

joebrook

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Quote from: Sithara007 on August 20, 2017, 01:04:33 AM

Quote from: TeejayTJ on August 19, 2017, 08:42:32 AM

It had been used for years now but not until recently it became famous. Here in the Philippines, you can buy bulks and kilos of drugs without the risk of being caught by using crypto currencies or other third party payment apps like paypal or exchange sites.

The advantage with the dark markets is that they are quite anonymous and safe. You don't have to go to the street, in order to get your daily dosage of weed. But at the same time, this method is not 100% risk-free. Occasionally, cops trace the buyer using the delivery address.

Drugs is regarded as the less vices when it comes to commodities that uses bitcoins for transaction, I have always said that terrorism sponsoring is the most dangerous thing when people uses bitcoins to finance such groups and due to its high anonymity, there is nothing that can be done to stop this thing

BillyTalent

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Quote from: n4poleon on August 20, 2017, 05:49:00 AM

Sure, it is money after all. Money is a tool and everyone is able to use will use it. And that goes with any fiat currencies.

I agree with you. Bitcoin can be equated to money, and therefore use them not only for good purposes, but also to harm people. But the currency is not to blame for this.

aleksej996

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Quote from: siddartha1492 on August 20, 2017, 03:19:18 AM

We can not assume, we can be sure, that elites are using the Bitcoin or other cryptos for drugs trade. No matter how much we sing songs for Bitcoin, but the dark truth is that it does give much more power to the bad people too. Trade drugs, weapons and even people with cryptos and you are almost invisible. Crypto community has to find a solution for this, or it will harm us only in the long term....

Drug are really not that big of a problem in the world, it is only a problem when it is illegal. Legalization is probably the future that awaits us. Weapons are also quite at large legal in USA. A lot of these things fit with the idea of Bitcoin as people's right to be free from governments. There will still be other things that are actually really dangerous, but they will always be a very small minority of the trades. And Bitcoin mainly brings privacy to the people in a huge group, not the individuals that already had to figure out the more covert ways. With the Panama papers we saw that the rich already have a way of to anonymously send and store money.

carlisle1

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just same question with if bitcoin already being use in a illegal transaction, as far as I can see this already exist since bitcoin already been popular with digital industry so even drug elite got an idea about decentralized currency so they will take advantage on it.

bryant.coleman

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Quote from: whoisyourking on August 20, 2017, 03:22:01 AM

this topic makes me think that bitcoin or any currency is already uses in trading drugs or in any illegal transaction online..

Well, that is the truth. In 2011-2012, As much as 20% or 25% of all the Bitcoin transactions were drug-related. Now this proportion has declined to less than 2%, mainly thanks to the rise in the exchange rates. Also, a lot of the dark markets have closed down, including Silk Road, Silk Road 2.0, Agora, Alphabay, Sheep Market Place, and Hansa.

n4poleon

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Sure, it is money after all. Money is a tool and everyone is able to use will use it. And that goes with any fiat currencies.

Risktaker31

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Yeah its possible that bitcoin or other cryptocurrency can b used in illegal drug trade because of its anonimous and safe to buy any illegal items or weapons.

whoisyourking

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this topic makes me think that bitcoin or any currency is already uses in trading drugs or in any illegal transaction online..

siddartha1492

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We can not assume, we can be sure, that elites are using the Bitcoin or other cryptos for drugs trade. No matter how much we sing songs for Bitcoin, but the dark truth is that it does give much more power to the bad people too. Trade drugs, weapons and even people with cryptos and you are almost invisible. Crypto community has to find a solution for this, or it will harm us only in the long term....

gabmen

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Quote from: coinholic on August 18, 2017, 07:19:30 PM

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",)

Well i think we're certain that it would be utilized as well. Bitcoin has everything that drug cartels would hope for to have smooth and safe transactions.

Topic: Bitcoin on Drug Trade - page 3. (Read 1799 times)