Pages:
Author

Topic: Bitcoins for illegal activity - page 11. (Read 2141 times)

full member
Activity: 560
Merit: 121
April 24, 2018, 12:14:12 PM
From recent news in India it is heard that bitcoins are used to sell drugs..I know its a currency and it is also used as a normal money... but these can create a bad space in people's mind that bitcoins are used to sell drugs..so they will not use bitcoins... Conclusion is that BTC is also a currency which is having a high value in the market..and bitcoins must not be used in these illegal activity which can reduce its usage and value.
Bitcoin itself is not the cause of illegal activities. Like physical money or fiat its holders have the freedom of choice to where he is going to use or spend his bitcoin to. Physical money are also being used for illegal activties like drugs, paying bribes and so on and so forth, the advantage of bitcoin is its anonymity so they are not easily traced for their crimes.
member
Activity: 166
Merit: 15
April 24, 2018, 12:11:44 PM
Both bitcoin and fiat currencies can be used for illegal purposes. But Government does not forbid its own currency. So why should bitcoin be banned because of such risks? The answer is obvious - the Government is afraid of the competition of the national currency with bitcoin.
newbie
Activity: 55
Merit: 0
April 24, 2018, 12:09:36 PM
From recent news in India it is heard that bitcoins are used to sell drugs..I know its a currency and it is also used as a normal money... but these can create a bad space in people's mind that bitcoins are used to sell drugs..so they will not use bitcoins... Conclusion is that BTC is also a currency which is having a high value in the market..and bitcoins must not be used in these illegal activity which can reduce its usage and value.




The so-called drug ring's modus operandi uses Bitcoin as a means of payment. "We only use Bitcoin to pay
full member
Activity: 336
Merit: 103
April 24, 2018, 12:08:18 PM
Wait a moment, according to your explanation and logic, fiat money is used to sell drugs and commit crminal offenses! And people will not use it because it is used to sell drugs and commit criminal offenses? You are totally wrong here, because people use something if they are either forced by law (national currency) or if they see a benefit of using something like crypto currencies. They do not care if others use it for criminal offenses.
full member
Activity: 504
Merit: 100
Bitgesell (BGL) Decentralized Cryptocurrency!
April 24, 2018, 12:02:46 PM
People gotta understand that illegal business always has the ways to get money and use money for its profit. So my point of view is that no one should blame crypto for dirty money. But it's sad anyway...
sr. member
Activity: 423
Merit: 250
April 24, 2018, 12:00:59 PM
From recent news in India it is heard that bitcoins are used to sell drugs..I know its a currency and it is also used as a normal money... but these can create a bad space in people's mind that bitcoins are used to sell drugs..so they will not use bitcoins... Conclusion is that BTC is also a currency which is having a high value in the market..and bitcoins must not be used in these illegal activity which can reduce its usage and value.
I heard a lot about this topic bitcoins for illegal activities I think there are really people who takes advantage the use of btc because no one can know your transaction happening in the bitcoin and it is very convenient to use their transaction will be hidden in the online world and because of this many users are affected if somethings happen the bitcoin in their country may be banned.
member
Activity: 378
Merit: 11
April 24, 2018, 11:59:27 AM
Some people are using Bitcoins as their illegal actions like scamming and gambling activity but, mostly they trade and mining Bitcoins just to get more profit and invest it in some other ICO. Illegal using of Bitcoin is for the people that wanted to get rich easily and to make it fast. In some other countries they banned Bitcoins because of this illegal actions or activities like scamming people when investing a lot of money.
full member
Activity: 378
Merit: 100
April 24, 2018, 11:42:16 AM
From recent news in India it is heard that bitcoins are used to sell drugs..I know its a currency and it is also used as a normal money... but these can create a bad space in people's mind that bitcoins are used to sell drugs..so they will not use bitcoins... Conclusion is that BTC is also a currency which is having a high value in the market..and bitcoins must not be used in these illegal activity which can reduce its usage and value.
Bitcoin is really useful and prioritized by all of us in this world. But the thing happened. Those people who do illegal thing about bitcoin is not good lots of us will suffer. If the governments banned some countries who do illegally .And by the end they see regretion.
member
Activity: 196
Merit: 11
April 24, 2018, 11:40:30 AM
Bitcoin has been used for illegal activities for some time. It is not the fault of bitcoin. Anti-social elements have been using bitcoin for their own benefit.
sr. member
Activity: 574
Merit: 256
April 24, 2018, 11:33:00 AM
Basically it depends upon how an indivisual use bitcoin.Bitcoin act as a mean for buying and selling products online but nowdays many people are using it for illegal means.People are buying drugs and weapons with the help of bitcoin.Bitcoin has no central authority to control it so people are taking wrong advantage of this thing.So we can say that bitcoin is not illegal but people using it for dangerous and illegal things makes it illegal.Due it this reason many countries are banning it.We should value the opportunities which bitcoin has given us.Use it for legal activities and avail maximum profit from it.
full member
Activity: 350
Merit: 100
April 24, 2018, 10:16:09 AM
I not know why bitcoin illegal. But my country announce bitcoin illegal. Than some people buy and sell drugs or other any illegal activities using in bitcoin.
hero member
Activity: 1918
Merit: 564
April 24, 2018, 10:08:08 AM
I think it is unfair to single out Bitcoin on any illegal activity.  Some people use fiat currency, some use gold, some diamond and some even human organs (as unthinkable as it may sound).

But that is the truth.  And if anyone contest on people using more of bitcoin, then i strongly disagree the more.

With majority of bitcoin spread through out the globe in small numbers and only few holding the big ones, i doubt bitcoin is being used for widespread anomalies.

It would definitely difficult to pinpoint bitcoin to be the culprit currency alone.  It might have contributed but definitely not the sole reason so to say.
full member
Activity: 352
Merit: 125
April 24, 2018, 09:56:18 AM
From recent news in India it is heard that bitcoins are used to sell drugs..I know its a currency and it is also used as a normal money... but these can create a bad space in people's mind that bitcoins are used to sell drugs..so they will not use bitcoins... Conclusion is that BTC is also a currency which is having a high value in the market..and bitcoins must not be used in these illegal activity which can reduce its usage and value.

Originally, bitcoin’s aim is to provide people an option in paying, selling and buying products online with an easier access to it so its main goal is for the good of the people. However some of the people are taking too much advantage of its uncontrolled and decentralized property to use it in illegal transactions. Yes it would be bad for the image of bitcoin and we must immediately stop any illegal transactions if we know one.
newbie
Activity: 182
Merit: 0
April 24, 2018, 09:49:26 AM
People are the one destroying the name of bitcoin because they use it for scamming people instead of ising them to help peopleiuj
full member
Activity: 378
Merit: 100
UNCLOAK™ - Cyber Threat Detection Powered by EOS™
April 24, 2018, 09:41:27 AM
These kind of events happened before. It wasn't the first time. I guess that people who really hate bitcoin is because of black market is using bitcoin. Sad Also some people thinks that this is gamble. I hope we can change people's mind that this is not only coin, there is great technology behind.
full member
Activity: 518
Merit: 100
April 24, 2018, 09:38:25 AM
Drugs are bought for dollars, but nobody calls dollar currency for illegal operations.
full member
Activity: 434
Merit: 107
April 24, 2018, 09:15:32 AM
In all adequate countries everything that isn't forbidden is permitted, so if there is no law that forbids any kind of BTC use in your country, then any activities with BTC are legal.
member
Activity: 122
Merit: 10
April 24, 2018, 09:03:34 AM
indeed bitcoin should not be used for illegal activity, because it will adversely affect people's assessment of bitcoin and may affect the price of bitcoin. but the reality is that certain parties take the opportunity through bitcoin as their illegal activities such as money laundering, gambling, and some even as a terrorist activity. for that I hope bitcoin can keep people favored and have high selling value with good security so as not to be used for illegal activity
full member
Activity: 546
Merit: 122
★777Coin.com★ Fun BTC Casino!
April 24, 2018, 08:58:28 AM
From recent news in India it is heard that bitcoins are used to sell drugs..I know its a currency and it is also used as a normal money... but these can create a bad space in people's mind that bitcoins are used to sell drugs..so they will not use bitcoins... Conclusion is that BTC is also a currency which is having a high value in the market..and bitcoins must not be used in these illegal activity which can reduce its usage and value.
One of the reasons why government don't like bitcoin to be legal in their countries is because of this. It can be used to sell drugs and weapons online and buy from the black market as well as child trafficking. It can also be used to kill someone without noticing the government.
newbie
Activity: 84
Merit: 0
April 24, 2018, 08:57:45 AM
I think it's people choice how they can use BTC. And we can't do anything with this.
Pages:
Jump to: