Bitcoin on Drug Trade - page 4. | Bitcointalksearch.org

Sithara007

legendary

Activity: 3332

Merit: 1352

Leading Crypto Sports Betting & Casino Platform

Quote from: TeejayTJ on August 19, 2017, 09:42:32 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.

Beerwizzard

full member

Activity: 924

Merit: 148

Btw last time Dashcoin is becoming more popular in deep web

Anyway most of the estemates of the BTC drug market were small af. It is usually less than bitcoin's daily cash flow so it is not a big problem. At least not yet

shinchan123

full member

Activity: 504

Merit: 100

Quote from: coinholic on August 18, 2017, 08:19:30 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, this makes sense, I think it's safer for syndicates to transact their dirty business through cryptocurrency trading or transactions. Less hassle and it's safer for them. They wouldn't worry about police following them when transacting or paying/receiving their money from their clients.

SinLinJim

full member

Activity: 490

Merit: 101

Quote from: coinholic on August 18, 2017, 08:19:30 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",)

Bitcoin has great value now. And it is quite likely that he attracts not only dopooporjadnyh people, but also criminal structures. But bitcoin is not to blame for this. This is just an instument, the same as the dollar

aleksej996

sr. member

Activity: 490

Merit: 389

Do not trust the government

Quote from: coinholic on August 18, 2017, 08:19:30 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",)

It might depend on what you consider "elites". I believe that certain vendors on dark markets became quite rich and in a way, became the new drug cartels. I assume that there will be new cartels popping up from the dark markets and that the old ones start using the dark markets.

Karmakid

sr. member

Activity: 742

Merit: 397

Quote from: coinholic on August 18, 2017, 08:19:30 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",)

I haven't thought about this, but maybe this is possible, almost all elites are aware of cryptocurrency and I think it's possible they are using this for their transactions. Just imagine it's less hassle and it's easier to transfer money through bitcoin. So, it's really ideal to use bitcoin for this kinds of transactions.

criptix

legendary

Activity: 2464

Merit: 1145

Dark markets

superplus

sr. member

Activity: 475

Merit: 500

Quote from: coinholic on August 18, 2017, 08:19:30 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",)

Of course the elites use it but not all elites, if all elites use Bitcoin I think Bitcoin prices will rise high.

TeejayTJ

jr. member

Activity: 56

Merit: 10

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.

helars2008

full member

Activity: 210

Merit: 100

Of course it can be....
Everything in this world can be used for either good or evil...
Btc maybe a way for others to earn a living in a leagal way..
But we cant deny the fact that there are people out there who will see this as an opportunity to conduct their illegal activities..
Especially since dealing with cryptocurrency can be done anonymously...

coinholic

full member

Activity: 518

Merit: 101

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",)

Topic: Bitcoin on Drug Trade - page 4. (Read 1781 times)