Topic: Bitcoins for illegal activity - page 5. (Read 2141 times)
This statement is not entirely accurate, some countries accept the MOF, so the MOF will be legal for the holders. But in some countries that do not accept BTC they would be illegal.
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.
Generally, the nature of bitcoin is its decentralized nature and volatility. Bitcoin has been used as the main currency under the dark web in purchasing illegal products, activities, services and drugs. Since it is decentralized, the government cannot regulate its usage and utilization under the market- which explains its volatile price. This is the reason on why some countries prohibit the use of such since it affects their criminality, especially in underdeveloped countries.
bitcoin is made to simplify many things there are people who use it in a positive way there is also a negative, very unfortunate there are people who use it negatively it will damage the good name bitcoin.
The name of bitcoin has the reputation and if there is illegal activity it is not bitcoins fault you need to look at the people using wrongly the bitcoins.Due to existential crisis and media, it created a stigma towards the usage of bitcoin, which resulted to world-wide prohibitions of some hegemonic countries that significantly reduced its price before. Well, this depends on how each individual views bitcoin, whether for investment purposes or as an alternative currency.
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.
The only reason why I consider your post sensible is that Bitcoin is a new kind of currency that is not yet very familiar to a lot of people. At this particular stage, it is bad if it is going to be significantly associated with the illegal world of drugs, arms, and other illegal stuff and services. But aside from that, I do not think it is a very vital point that Bitcoin is used in illegal transactions. Our old fiat money is way dirtier and corrupted as compared to Bitcoin.
bitcoin is made to simplify many things there are people who use it in a positive way there is also a negative, very unfortunate there are people who use it negatively it will damage the good name bitcoin.
The name of bitcoin has the reputation and if there is illegal activity it is not bitcoins fault you need to look at the people using wrongly the bitcoins. 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.
Yes, anyone can use bitcoin for illegal activities like what you have been mentioned and in other purposes such as buying porn videos and etcetera, but for me do not blame bitcoin. Bitcoin is just a currency or a thing that has value but it has nothing to do with these bad activities but the people who are doing it does. 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.
bitcoin can be accessed by anyone and anywhere and the results for whatever I think the taste of bitcoin can be for illegal activities also all depends on the intentions and goals of investors in investing with bitcoin
It all depends on the human bitcoin like a knife if the user is good then it will be used to cut the food and if the user is bad then it will be used to kill. We can not avoid the positive and negative effects of technological developments. Likewise we can not prevent the use of bitcoin for illegal activities. all we can do now is promote bitcoin for good works like charity.
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... The 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 activities which can reduce its usage and value.
Bitcoin can indeed be used for illegal activities. Because transactions from Bitcoin are transparent and can not be traced to anyone. So, anyone who wants to do illegal activity, they will be very safe and easy to do so. But we should not use Bitcoin in such a thing. Because it makes a bad name Bitcoin. We should not be abusing Bitcoin, because it's also clear that Bitcoin is actually very profitable.
All "shadow" and criminals love the cash. With the cash everything is simple. I gave the goods, got money, and no one asks you where you got them. The main thing is not to get tagged money, and it's a hat. Everything became much more difficult when the world began to switch from cash to non-cash. Gradually, the main cash flows began to pass into non-cash circulation, which allowed state structures to control a significant part of them.
Indeed there are individuals who utilize it in illicit exercises since it's conceals a clients character. It isn't simply utilized wrongfully in India, there are nations additionally that is locked in to that sort of action utilizing bitcoins. It is the general population's blame on the off chance that they we're utilizing it that way, I trust that bitcoin was not made for that. This is one reason why the administration needs to manage bitcoin, to anticipate it being utilized as a part of illicit exercises.
back again before you really know Bitcoin, illegal drugs using paper money is not it? so I will analyze this that my future technology is confident that bitcoin will have good growth in the future so there will be a lot of new things for bitcoin development Smiley
That's what exactly I have in mind, we can't prevent other people will use bitcoin in illegal activity because it's true that even real money also used in illegal activity then why not in bitcoin. If in real money it is easily used in illegal activities may be in bitcoin or in Cryptocurrencies too because it can be accessed easily if you're already an investor or trader of crypto.
cool
Don't blame Bitcoin and money for those people who use them on evil dead, blame the person who did it themselves, since thay are the one who are making something that are against the law, not Bitcoin.
Every country that would make a statement about bitcoin will still attach it to one illegality or the other and the simple truth to that is because they are yet to have control over it. The simplest thing as not willing to pay tax even though government might not have done anything to warrant such collection is illegal and if bitcoin is coming in as a way people can bypass the payment of tax to government, I wonder why that would not be taken as an illegal activity but I don't expect that to stand for long though.
It all depends on the purpose and the reason for its use. Like physical money or fiat its holders have the freedom of choice to where he is going to use or spend his bitcoin to. Physical money are also being used for illegal activties like drugs, paying bribes and so on and so forth, the advantage of bitcoin is its anonymity so they are not easily traced for their crimes when committed.
the sin of the person does not have the bitcoin though there is a way that people can commit a sin as long as they want but because of bitcoin it seems wrong they should not blame it on bitcoin at the start of it there is really a law enforcement in any country
A very nice answer. Dont blame the tool, blame the abuser. You do not blame doctor for using drug in performing surgery. You dont blame cook for using knife.
Blaming bitcoin because of it is used for illegal activities really not suitable
Blaming bitcoin because of it is used for illegal activities really not suitable
100% true!
The main purpose of bitcoin is to help people. But yeah it can be used by illegal or bad purposes. It can't be avoided but for myself i will use it on clean and on ways that it could help me and my family. It is up to people which ways they want to use it.
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.
Bitcoin in my country is considered gambling, and the government does not accept virtual currencies that are present in the country's economic market. It is likely that Bitcoin will be banned more severely as the government discovers that the country is experiencing a recession. 
Being used to buy drugs and other illegal goods is out bitcoin's regulation. What I think should be the solution for this is that the government should fight the drug dealers and not the bitcoin. They should focus more on how to keep the production of this illegal goods and how they manage to stay in the demand.
A very nice answer. Dont blame the tool, blame the abuser. You do not blame doctor for using drug in performing surgery. You dont blame cook for using knife.
Blaming bitcoin because of it is used for illegal activities really not suitable
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