Bitcoins for illegal activity - page 4.

bapetdik

full member

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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 think the problem is there for every user. Because bitcoin itself is not used for illegal and negative things. Perhaps the gap in bitcoin for illegal activity exists, but that does not mean that bitcoin is a negative thing. Then use bitcoin wisely and do not need to do illegal actions with bitcoin.

budakjawa

member

Activity: 471

Merit: 10

I think it is not, bitcoin is not illegal but bitcoin has no regulations and regulations that explain that bitcoin is licensed across countries, so there are still many who consider illegal bitcoin.

Nachoo

newbie

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Merit: 0

The issue is unfortunately bonded to Bitcoin, because of spreading news from other people, that just want to destroy cryptos. Masses are easily brainwashed and they can't realize that Bitcoin (or cryptos) are safe and legal and that criminals just use them for their dirty jobs, because of their safety.
So the question here is "we keep going on this way, or we may lower safety and anonymity for tracking down these criminals?"

anussayme

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.

A lot of people think that Bitcoin is a virtual currency and a lot of people give it up before. Now many countries are trying to get Bitcoin out of the market because of the enormous impact it has on the economy. , there may be fluctuations if not timely.

greenchy

member

Activity: 123

Merit: 10

It seems to me that every currency of our planet participates in buying drugs, especially the dollar. But this does not appear at all in its value. I do not consider this a problem

jchav010101

newbie

Activity: 84

Merit: 0

Bitcoin is a tool that can be used by bad people for there illegal activities. Anonymity frature of Bitcoin is somehow welcoming this kind of activity due to its function that to require less personal information about a person who owns account here.It enables some people to steal and scam without any trace for them which leads us to be vulnerable to this.

bitcoinrunners001

newbie

Activity: 84

Merit: 0

Bitcoin can be use for illegal activity since we cannot track those bitcoin user whos involve in any illegal activity but since fiat money has been used illegally so i think it will not be a problem for bitcoin.People should understand that bitcoins like any currency would be used for illegal acitvities.

Matimtim

full member

Activity: 868

Merit: 108

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 someone use bitcoin in their illegal activities bitcoin will have negative side in the people outside the bitcoin world that is why the price maybe regulated and leads to get red, because of that reason.

Shifa788

newbie

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That's not totally true. Most of the people use bitcoin for their better life.some people use bitcoin for their illegal activity,because its very easy and helpful for there. They are buying drug with bitcoin,this is so bad things.

davit putra

copper member

Activity: 409

Merit: 0

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 think they are too negative to say that bitcoin is just illegal activity, but many people use bitcoin as a big profit investment, many people choose bitcoin because of its safety and its benefits, and that says bitcoin for illegal activity is those who do not like bitcoin.

VeronAncient

full member

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Merit: 125

It is true. but we can not prevent everyone from using bitcoin for illegal or legal activities. we can not prevent it because bitcoin users are around the world so everyone can use for various activities.

Netnox

legendary

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Merit: 1008

Quote from: zafaryaqoob on April 28, 2018, 09:48:29 AM

Ya, that's true but Government should solve this problem an create a Solution to stop this.

The government can resolve this issue by legalizing the soft-drugs such as weed and LSD. It is the prohibition, which is fueling the rise of drug cartels and illegal drugs smuggling. Apart from that, the government should stay away from crypto.

Saiful Islam777

newbie

Activity: 238

Merit: 0

Bitcoin is a currency through which the transaction is done. It allows different agencies to take advantage of their transactions. Bitcoin is currently being used in many countries. I do not think any illegal activity has been compiled so far. Bitcoin is a fair crypto currency it is invisible and trustworthy scales.

maurobiasolo

full member

Activity: 602

Merit: 101

http://scientificcoin.com/

I'm not involved in any illegal activity but I'd like to know how many mobs prefer being paid by btc instead of US dollars Grin

Cash (and much better USD) is still the preferred currency for illicit activities

zafaryaqoob

newbie

Activity: 154

Merit: 0

Ya, that's true but Government should solve this problem an create a Solution to stop this.

overseer470

member

Activity: 162

Merit: 10

Yes it is use for illegal activity and it is not avoidable/controlable.Bitcoin is not liable for this act,it's the persons problem anyway.

isidrorex

newbie

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Here in the Philippines, there was this recent news about this Bitcoin Scam where a group of scammers will offer you to invest money to them and then after 16 days you will get plus half of the money you invested. It was called the NewG Company headed by a certain Arnel Ordonio and his wife, Leonady. They made NewG Company and promoted Bitcoin as their form of payment to lure their victims which are mostly rich people who wants to earn double amount of money they invested. How much money did they get from scamming people? 900 Million Pesos. That is a very huge money here in the Philippines. So the lesson for us is that we have to be more extra careful and vigilant in trying to invest money because if we will become ignorant, we can be victims of these evil scammers which are just waiting for another victim. Goodluck everyone in investing money for the future!

SaiWAFU

jr. member

Activity: 193

Merit: 1

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 will be possible because of bitcoins' being decentralized. Anonymity is a criminals best friend so it would attract a lot of people on that kind of business. But if ever that happens, government would ban cryptocurrencies and it's value would eventually depreciate.

This is why bitcoin should not promote anonymity, it will soon be the cause of bitcoin will be a tool for criminal activity.

Marvelio

newbie

Activity: 147

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bitcoin is decentralized and highly resistant to sensors. It has made it a haven for the activities of cybercrime and drug trafficking to enable international payments for closed economies and radically support life outside the network. It's hard to find a bitcoin merchant. 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

tera linh

newbie

Activity: 84

Merit: 0

it is a human error instead of bitcoin, if any group or person uses their bitcoin as a tool of forbidden transactions, of course it needs further action, because it could damage the name of the bitcoin itself, and it impacts us miners, bounty workers, or bitcoin investors

Topic: Bitcoins for illegal activity - page 4. (Read 2141 times)