Bitcoins for illegal activity - page 3.

Elkafi

newbie

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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.

It is possible, because the illegal activities can be happen in everywhere. the advantages of bitcoin is simple secure and pseudo anonymous, it will use the illegal activities. so, it is normal.

Bitcoininvestment

full member

Activity: 244

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Well it its really normal for a currency to be used in many illegal works because of its value and the ability to be traded into materials or services. But lets not change the fact that most of the illegal activities are funded by the fiat currencies and less of them are really funded by the cryptocurrency or bitcoin. Bitcoin has been used in the different illegal sites in the deepweb but then the fiat is used all over the world. Although it really changes the image of bitcoin still its into us whether we support the bitcoin still or not.

Natalim

hero member

Activity: 3094

Merit: 606

BTC to the MOON in 2019

Quote from: Babyfaceless on April 28, 2018, 09:28:44 PM

This has been attached to bitcoin even during its early days. Maybe because of the decentralized and private nature of bitcoin. But its not the technology but the bad intentions of the people using it are the ones making bitcoin looks bad.

Bitcoin is a system, if only people are educated they will understand it's very useful for online transaction.
Only if we are educated will we can fully understand what bitcoin is, some people just really make use of bitcoin for their illegal transaction,
it's just like they are also using dollar for the same transaction, so there is no difference and therefore we should not conclude bitcoin is for illegal activity.

Babyfaceless

full member

Activity: 322

Merit: 101

This has been attached to bitcoin even during its early days. Maybe because of the decentralized and private nature of bitcoin. But its not the technology but the bad intentions of the people using it are the ones making bitcoin looks bad.

dillpicklechips

hero member

Activity: 994

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I don't see bitcoin as used for illegal activities infact Bitcoin for me is the new hope of future but it depends on the people how they see bitcoin works maybe it is possible bitcoin can use as illegal activities like transaction of drugs and guns and other criminal doings. But still it depends on the people if they will use it in bad or good way.

standbay29

newbie

Activity: 79

Merit: 0

Bitcoin mainly used for illegal money transaction and anti money laundering issue. Because transaction by bitcoin can't be trace and no third party interfere. Due to this many terrorist organisation and criminal people use bitcoin. Kidnapping, child pronography, murder like activities also done with help of bitcoin.

cyriljundos

member

Activity: 432

Merit: 10

Bitfresh - iGaming with 90s UI

bitcoin is not for illegal activity but it is not for people if they abuse it. Because they have bitcoin for their children's money. they are bitcoins as well so everyone is different but the deskarti is legal or illegal activity

standley940

newbie

Activity: 82

Merit: 0

Bitcoin or any currency have no right to enter into a trade, it the holder of that currency. Bitcoin is just a currency used like fiat currencies to legal or illegal activities, depending the persons and their goals.

EVIAJOHNPAUL

newbie

Activity: 71

Merit: 0

Bitcoin illegal activity like scam and heard in the philippines one of user are get money 3 billion to many people then after that people are know bitcoin as a scam they not have an interest to try to sell bitcoin or to invest...

rommelo24

copper member

Activity: 364

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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.

I hope that this is not true. Bitcoin has help a lot of individuals, there are a lot of families who are now dependents on it. In some countries it reduces unemployment rate and increase economic growth. Bitcoin is good for us i hope illegal activities will not be part of it.

Cinemo

full member

Activity: 350

Merit: 100

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.

Some countries used bitcoin for illegal . Which we are not helping our country to promote. Illegal thing makes Us also suffer in the end . So if that so You must do good by using bitcoin. Because many people will be affected because of this . Dont be too greedy when it comes to money, just work hard and earned.

kotajikikox

full member

Activity: 2548

Merit: 217

eventually there have many's ways use bitcoin in the illegal activity because it is easy to use using new technology transferring of funds are easy sending without hassle, but take note not only bitcoin use by bad elements for their elligal activity any kind of currency can use it for illegal activities if they want.

Mei1418

full member

Activity: 294

Merit: 101

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.

it is true when people have heard something that is ugly then people will forever judge it ugly without wanting to know the truth, does have a big enough effect for bitcoin

Et Hereum

member

Activity: 224

Merit: 10

Bitcoin is highly anonymous, it is difficult to track transactions with bitcoin, so illegal activities often use bitcoin to avoid government tracking. I think that in the future there will be a way to manage bitcoin transactions so that governments will accept bitcoin as the best means of trading.

Gdra467

newbie

Activity: 137

Merit: 0

Bitcoin in itself does not support illegal activities in anyway. However some people (fraudsters) are making things difficult for bitcoin users. An omission or addition of just a single character in the website address can cause you a lot. Therefore to be free from illegal activities, be vigilant and let every secret code or password be kept as a secret.

rickyNmorty

member

Activity: 451

Merit: 15

Investor

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 true in some cases since bitcoin as we all know it, offers the users complete anonymity over peekers on the internet. However, I think criminality that involves bitcoin is far more lesser than the amount of crimes commited using fiat currency. I think this should clarify doubts and fears as well as hatred on the said cryptocurrency.

Rarahumaira

newbie

Activity: 114

Merit: 0

One of the reasons bitcoin is so popular among criminals is that this virtual currency allows its users not to use their real identity. However, transactions are not entirely anonymous, because every transaction is recorded by blockchain. So why are many bitcoins in misuse.

AntonGrishko

member

Activity: 224

Merit: 10

I think there's been a lot of rumors involving bitcoin. yes we agree it will make a negative value on crypto. but I think, in fact it is very difficult to prevent it.

Geljames28

jr. member

Activity: 238

Merit: 1

We can't blame bitcoin if there are people using it in illegal ways. That is their choice. But still it affects those people who doesn't know about bitcoin. It can give negative thoughts to the people.

Bananaman0005

newbie

Activity: 14

Merit: 0

Quote from: Svelto on December 13, 2017, 10:30:26 AM

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.

yes i agree is not the bitcoin itself because many people who can job illegal they think what is the best way to do a fast transaction that's why they using a new method for illegal purposes.

Topic: Bitcoins for illegal activity - page 3. (Read 2141 times)