Topic: Bitcoins for illegal activity - page 27. (Read 2141 times)
Every good things always have its disadvantage,BTC allow drug dealers,terrorist and all illegal activities to be carried out as it is transaction is faceless.but the advantage outways the disadvantage
Its unavoidable. A criminal is going to use any tools available to them to avoid attention and get away with the crime. It's probably such a small percentage of crime related trading. The silk road was built on bitcoin, it has always had this label on the currency from the start.
A lot of people fud that bitcoin is used to sell drugs, but they forget that this amount is nothing compared to the trillions of dollars of fiat used for dealing drugs over the history and even now.
Instead of complaining that bitcoin is used for dealing drugs and guns, people should just start giving bitcoin a try and maybe start dealing normal stuff too.
Instead of complaining that bitcoin is used for dealing drugs and guns, people should just start giving bitcoin a try and maybe start dealing normal stuff too.
I think there are still many factors besides misuse bitcoin as an activity they use, like gambling, and why some people are also not interested in new currencies like bitcoins because they are already being embraced by irresponsible people spreading false information on bitcoin so they do not want to get involved with bitcoin
That has been one issue that has been bothering people about the use of bitcoin and even made some countries create policies
haha don't let the news scare you my friend. of course cryptocurrencies can be used for illegal activities like that but all money can be used for illegal activities does that mean cash couldn't be touched neither? It can all be used for the good and the bad things. People shouldn't be scared about that
Human can use any currency for illegal activity. Its not only bitcoin for the blame. I see some people on the internet used to blame bitcoins for illegal activity. Yes bitcoin transaction is not trackable but why they should only focus on the bitcoin transaction while there is so many other illegal activity using fiat.
Many other cryptocurrencies like monero are also being used for illegal activity and even paper money is used by criminals, its not bitcoin's fault. Bitcoin was created to give total financial freedom which also means people can spend their hard earned money in the way they like without any legal restriction. If people are willing to buy some drugs and get high than bitcoin will allow them to buy it anonymously. If they want to spend their money on those illegal activity than they can and there is no way to stop them from using bitcoin for illegal activities.
Any ordinary money that is used as a means of payment can be used and used to commit a crime. No exception to this general rule is bitkoyn. However, this does not mean that bitkoyn should be banned or restricted. For example, a kitchen knife or a regular fork can be used for killing. No one at the same time raises the question that these dangerous items must be banned. Now many state and non-state structures that suffer losses due to the distribution of bitcoins benefit from spreading rumors about the danger of bitkoyin in order to discredit him and cause negative public attitude towards him. It is necessary to react less to such topics.
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.
in fact it is much happening that bitcoin is used for things that are illegal, but we as bitcoin users should also be aware of it. We must provide an easy-to-understand explanation to cover the room for those who use bitcoin for illegal things.
Bitcoin is just a currency used like fiat currencies to legal or illegal activities, depending the persons and their goals. Its not in any way the fault of Bitcoin itself but some people used money since hundreds of years (even before the Bitcoin's creation) to fund crimes and illegal purposes.
Yes there are people who use it in illegal activities since it's hids a users identity. It is not just used illegally in india, there are countries also that is engaged to that kind of activity using bitcoins. It is the people's fault if they we're using it that way, i believe that bitcoin was not made for that. This is one of the reasons why the government wants to regulate bitcoin, to prevent it being used in illegal activities.
you can notice about other things, that were used for illegal deals or any motions, like people you hear some terrorist used facebook to communicate with each other, or even a orange revolution in some county with it, and legal or illegal way, people always can do because they choose, and the government can ban for some things for sure, but is no easy ofc
We can not say bitcoin is illegal because some bad persons are using in wrong activities. like this before bitcoin some person use gold as source of payment that do not means gold is illegal we need some other sources or agency to caught these culprits rather blaming crypto
thats not the currency there is no exclusivity and the same could be said for normal currencies like pounds and dollars.
A lot of tokens offer more transparency than real world money.
A lot of tokens offer more transparency than real world money.
Bitcoin is indeed used for illegal activity.
Coins like MOnero, Zcash and Dash are also used because they offer anonymity.
also it must be pointed out FIAT e.g. $'s, £'s, €'s etc. are all used for illegal activities also,
it is human nature
Coins like MOnero, Zcash and Dash are also used because they offer anonymity.
also it must be pointed out FIAT e.g. $'s, £'s, €'s etc. are all used for illegal activities also,
it is human nature
Why only bitcon, all valuable currencies like USD, Gold etc are used illegal trades. Not in India all over the these things are happening over more than hundred yearsBitcoin is a decentralised, digital currency. Its quiet difficult to find the bitcoin trader. Bitcoin has become the most valued currency. Bitcoin is first used in illegal trade by ransomeware hackers. This news has created a bad impression about bitcoin all over the world. Now countries like Australia, USA are banning biotin by having security reasons. Bitcoin or any currency have no right to enter into a trade, it the holder of that currency.
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.
Most of the people think Bitcoin is for illegal activity and stuff and I have to say that's not how it really works. You might be right Bitcoin is used for illegal activity's but its not just for illegal activity because most of the other people see Bitcoin as a future currency I also know few people how are investing in Bitcoin instead of gold and stuff, Its just being smart and knowing how to keep moving your money and make profit.
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.
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