Topic: Bitcoins for illegal activity - page 12. (Read 2141 times)
well of course there will always be the downside and the cons from everything, including bitcoin, it is true that some people use it for illegal activities, such as drugs, money laundering, or anything related to "mafia" world, but the thing is it should not bitcoin to be blamed, all these illegal activities is not because of bitcoin in the first place, bitcoin is a tool, it is the third party in any transaction, there will always be illegal activities and it is funny to single out bitcoin.
Due to the anonymity of bitcoin and uncontrolled crime, criminals can use this currency as a trading method. Hackers may be trying to attack multiple bitcoins to steal large amounts of money and money laundering can happen easily. Illegal activities happen easily.
the biggest advantage, and the only one everybody agrees on, is that bitcoin is decentralised and so extremely resistant to censorship. That has made it a haven for activities from cybercrime and drug trading to enabling international payments to closed economies and supporting radically off-grid living.
That's right , for me bitcoin can use in illegal activity because bitcoin is not that public, only you can know your account. It aslso accessible for illegal thingd. There many ways to use bitcoin in illegal but it is not right for morality. No matter how sad it sounds, bitcoin is still used for illegal activities, especially for the sale of drugs. For drug dealers, bitcoin is a gold mine. Imagine, complete anonymity, deaf the need for meet with customers, Ah and laundering money. How to deal with it? Nobody knows. But you need to fight.
bitcoins should not be used for illegal activities. Since it is not set up, it is always an offense that people are talking about who has no idea what a bitcoin is. Actually we can not blame the bitcoin for this but the people who involve this currency for their bad deeds. But there will always be people who will use it because it is easier to send than fiat money and being anonymous will be a boon for them but then we do not can deny the fact that fiat and other payment options can be used in illegal activities as well so it should not be mutually exclusive to bitcoin or cryptocurrency so to speak.
Bitcoin is not illegal, it is used by people who engage in illegal activity to buy and sell drugs or what so ever because they know that when they used bitcoin for their illegal action that they can't be trace.
Yes for me bitcoin is not a problem, people already know that not only bitcoin can be used for illegal activity, its that some people use bitcoin to scam others but this will not affect people's thinking about bitcoin, because most of the people who are attracted to bitcoin tend to think about the benefits that bitcoin can bring to them.
People who think Bitcoin is bad because it is used for illegal activities are quite dumb. Cash is also used for illegal activities yet no one says fiat is bad because it is used by criminals. It wasnt supposed to be used that way, but it is good for criminals because it is anonymous but that doesn't make Bitcoin bad.
Bitcoin is not illegal, it is used by people who engage in illegal activity to buy and sell drugs or what so ever because they know that when they used bitcoin for their illegal action that they can't be trace.
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.
There is no truth in this statement. Bitcoin future is not illegal. Those who are treating or declaring it as illegal will soon realize their mistakes and they will surely make it legal again. There is no stoppage to bitcoin and making it illegal will have no effect on it.
yes, any kinds of money digital or fiat can be use in illegal activity because the criminal is always find its way to hide from authorities.
We can`t control people`s choices and track the way they use their currency, both traditional and virtual. Crime and criminals have always been in our society, they always use modern technologies to prosper and now they use bitcoins and e-currency. It`s a dark side of any society and bitcoin is just a tool for them. But we should not panic and just do our job.
It is humans fault why bitcoin is used for illegal activity. Bitcoin is open to all types that we can use. There's no doubt that even in the illegal terms it will be include in this kind of activity.
agree with you, it depends on every people wants to do with their bitcoin. I think there will be any illegal activity using bitcoin but I also believe that there are many people is using bitcoin for a good purpose. bitcoin give a chance for us for what we want to do and bitcoin also give an option to us and if we only use bitcoin for a good purpose then bitcoin will help us to reach our goals. I think we need to use bitcoin for good things only and don't ever try to use bitcoin with any illegal activity that could make us go to break any law.
all valuable currencies like USD and Gold are used illegal trades, Bitcoin has become the most valuable currency. Bitcoin was first used in illegal trade by ransomeware hackers. This news has created a bad impression about bitcoin around the world. Now countries like Australia, the US prohibit biotin for safety reasons.
Although Bitcoin is used in illegal activity doesn't make it worse. I would even say it shows how useful and efficient it could be.
This is a stupid form of conservatism. Or just brainwashing. An adequate person can not ignore that any money is used by criminals
any technology can use in legal for illegal activities
yes bitcoin is used in some illegal activity like in Silkroad but its usage is not focused on the illegal activities
it is just a little usage of bitcoin
yes bitcoin is used in some illegal activity like in Silkroad but its usage is not focused on the illegal activities
it is just a little usage of bitcoin
It's no wonder that Bitcoin can use bad people because they are not detected. Transactions within it will not be known. It can not be prevented because anyone can use it. Take care of us.
Well, it is not the problem with Bitcoin but the human involved. There are also cases whereby people buy and sell drugs or involve in any illegal activities using fiat.
This is true, and as users here of bitcoin, we should be responsible for the things that we are doing using bitcoin because if we are being reckless in using this, we must accept the consequences and we do not even know what will they be. To be sure and safe, it is better to avoid something that will ruin our lives in using bitcoin so that we may continue to receive the benefits of it.
It is unfortunate that bitcoin turns out to be misused for illegal activity or even crime. Of course this will adversely affect the progress of bitcoin and other crypto coins. Hopefully there will be system improvements (without reducing or eliminating existing systems) that govern this (bitcoin and its relation to illegal activity).
should be the use of bitcoin can be for positive trends and now a lot of the effects caused if bitcoin is used for negative things, of course, would be very harmful and very worrying, so the use of a system that prevents bitcoin for negative things is needed.
It is unfortunate that bitcoin turns out to be misused for illegal activity or even crime. Of course this will adversely affect the progress of bitcoin and other crypto coins. Hopefully there will be system improvements (without reducing or eliminating existing systems) that govern this (bitcoin and its relation to illegal activity).
Well, it is not the problem with Bitcoin but the human involved. There are also cases whereby people buy and sell drugs or involve in any illegal activities using fiat.
But what makes these things worse was the fact tgat if some people do some illegal activities here they will remain anonymous, in any way that they want they will not be put into jail unless they will leave a trace and I think thats one of the biggest anomalies and fraud that Bitcoin is facing right now, in the prevention for the some countries choose to banned Bitcoin.
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