Bitcoins for illegal activity - page 25.

Fredomago

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Quote from: 777Jolami on December 13, 2017, 11:10:38 PM

Many criminal corporations use bitcoin to launder money. no one will control it. they. if the government does not take appropriate action. money will leak,

That's the reason why more and more countries around the globe are now taking some necessary actions, as they wanted to protect their citizens
and also the state, money laundering is very active and illegal transactions are just around the corners.

Renal

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I think Bitcoin is a digital currency and is not illegal, nor is fiat money illegal. So neither of them is illegal.

pooya87

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if bitcoin is really being used for illegal activities then you must be very happy because that proves that bitcoin has succeeded in becoming a currency and also becoming popular enough that everyone uses it.
as you know bitcoin is a currency (at least supposed to be) and just like any other currency like USD it is being used by many different people for many different purposes, many of which may be illicit.

although i am a little skeptical about it being used to buy drugs because drug addicts and drug sellers are not really tech savvy and they are not using computers exactly. and not to mention the fact that everyone knows bitcoin is traceable. and at the same time ANON coins like Monero exist out there which are really being used for buying drugs and nobody can trace them!

777Jolami

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Many criminal corporations use bitcoin to launder money. no one will control it. they. if the government does not take appropriate action. money will leak,

Ararbermas

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Quote from: ParveZ219 on December 13, 2017, 07:30:20 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.

no. Ithink those who use bitcoin for illegal things also can effect bitcoin growth rate. .(correct me if im wrong) also bitcoin is anonymous perhaps that is the reason why they used bitcoin for the payment to hide their identity . And also that is the specific reason that's why bitcoin is illegal in other countries..

Shendy23

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When we talk about money no matter what kind of money it is we don't know how the owner of that money use it for. Even normal money can buy drugs then what for in bitcoin that us cryptocurrency, illegal transactions are too easy for bitcoin because of its different way of storing money and its not easy to track if its bitcoin. Maybe druglords has many thanks to bitcoin.hehe

Nunoluck

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Bitcoin can be used anonimously so it become the favorite currency for illegal transactions. But people are already use paper money for illegal transaction tio since long time ago. Its not matter of the medium of exchange but its the matter of people who use it.

siti25

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Bitcoin works like money does not it? And money is also widely used for illegal activities, and we lack the power to prevent that. So is bitcoin, much used for illegal activities and we can not prevent it. When it comes to can and should not, money should not be used for illegal activities, not just bitcoins.

jancukiyah

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I think there's not just bitcoin can be used for illegal activity, fiat currency too. And as long as I know fiat currency that used for illegal activity, there's no a big problem. That's also happen with bitcoin. Nothing gonna be a big wrong from that.

RockBar0

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The current bitcoin has not been coin property. And they are outlawed, there are many countries banned bitcoin. However, many places accept bitcoin.

assy

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I strongly disagree that bitcoin is used to buy drugs because it is unlawful and will give a bad image to bitcoin

harizen

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Quote from: ParveZ219 on December 13, 2017, 07:30:20 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.

If people thinks that bitcoin is mostly used at drugs or any illegal activities then just let them have that mind set. Clearly they didn't understand what's the catch about bitcoin and just believe on whatever they read on the internet. You don't need to be worry if that will create a negative impact about the image of bitcoin. That is not enough basis for people to think that bitcoin is mostly used on illegal activities.

What you need to do if someone asked you about that? Explain the bitcoin basics in simple description and the used of it and after that let them do their own research if they are really curious about what bitcoin really is.

subSTRATA

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Quote from: xuan87 on December 13, 2017, 07:17:57 PM

This is not the first time we heard this kind of things, most of the time media covers the news that Bitcoin being used for money laundry, for supporting terrorist and other bad thing, but most of them failed to notice that Bitcoin is only a medium, it's only a currency, how people used it, it's not related to Bitcoin at all, we should remind everyone to used and promote Bitcoin for positive things and media need to cover more positive side of Bitcoin

negative stigmas always have the tenancy to have more of an impact and stick around longer compared to positive news. unfortunately, most people don't have the ability to see the biased mainstream media for what it is. not to mention, negative news tends to get much better ratings than positive news, with a few exceptions here and there.

Quote from: traderethereum on December 13, 2017, 09:50:34 PM

maybe the government worry if they accept bitcoin then bitcoin is just for illegal activity than for legal things. but I am sure that there are many bitcoin users that want to use bitcoin as a legal and don't want to use bitcoin for anything that could break the law. but I think not just bitcoin that could be used for illegal activity, we know that cash is the most victims for this and from the old times, cash is always used for illegal activity. and it depends on the user, what they want to do with their bitcoin.

i dont think that's the government's first worry, no matter what it is, if it has the potential to be used for crime, people will use it for crime. simple as that. it can be regulated, but you can never police bitcoin enough (or anything really) to stop all criminal activity associated with it.

Nerman

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Quote from: ParveZ219 on December 13, 2017, 07:30:20 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.

This is old news because since the creation of Bitcoin it was already used for illegal activities and buying drugs with it is one of them. Decentralization and anonymity has its pros and cons and Bitcoin characteristics are being taken advantage by this hoodlums and of course it is giving a bad rep for Bitcoin but in my opinion I do not think that the price will be affected by it. I know that price are dictated by supply and demand and it does not matter who buys it, so if these drug dealers still drives up demand and sellers will sell regardless whose buying it.

jamids

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Quote from: ParveZ219 on December 13, 2017, 07:30:20 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.

We can insist that bitcoin should not be used for illegal activities but there would always be people who would use it because it is easier to send than fiat money and being anonymous would be an advantage to them but then we cannot deny the fact that fiat and other payment options can be used in illegal activities as well so it should not be just mutually exclusive to bitcoin or cryptocurrency so to speak.

Being unregulated, this is always the offense that people speak of who doesn't have an idea to what bitcoin is all about. It is use by criminals and use for illegal activities but then I think fiat is use more for illegal activities. There is some truth to what they are saying but they are only looking one side of the coin. Don't mind those people who are saying bad about bitcoin and just continue to earn from it because you will be the one who will benefit from it and they will be the one who will ask you about it eventually.

traderethereum

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maybe the government worry if they accept bitcoin then bitcoin is just for illegal activity than for legal things. but I am sure that there are many bitcoin users that want to use bitcoin as a legal and don't want to use bitcoin for anything that could break the law. but I think not just bitcoin that could be used for illegal activity, we know that cash is the most victims for this and from the old times, cash is always used for illegal activity. and it depends on the user, what they want to do with their bitcoin.

chesegrinder

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as to ops... Bitcoin is have a lot of usage as you say that it was a currency so people can use it to buy anything. Try to analyze why satoshi invented this new generation currency. As to my knowledge i read that He want to separate the eyes of the governments and banks to the account of a person. He want also to make faster transaction without the approval of the bank. So in his creation things are going bigger, drug dealer and other criminal are taking the advantage of this situation and the new invention. It will not stain the name of bitcoin as you and me and other bitcoiners know whats right from wrong.

Happy earnings everyone!

Givebirth

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Well if you're into cryto currency or in the cyber world. This is posible. Late 2014 I also read from the internet that people who is under or uses the deepweb involve bitcoin in their bad doings. They use bitcoin as their currency to buy drugs or weapons or sell any illegal things because transaction don't detect your location. Actually we can't blame bitcoin for this but those people who involve this currency for their bad doings. It's a shame that some people get bitcoin in illegal way but other people uses them in bad things.

OFID

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Cash is the most popular method in mainstream money laundering for illegal activities. Why nobody blames it but focus all on Bitcoins?

Heartseed

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Well for me i will hold it as long as my walley can. Since there is a limit and im gonna hold it as long as the value of bitcoin increases. If the value of bitcoin drastically increases then i will cash it out and have a bigger money at the end

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