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Topic: Dark use of Bitcoin - page 11. (Read 23467 times)

hero member
Activity: 1400
Merit: 536
March 19, 2018, 03:38:55 PM
There is a dark use of Bitcoin in some illegal activities like selling of drugs, money laundering etc. So we can’t state that Bitcoin is used in a hygienic way only. The reason behind the dark use of Bitcoin is anonymous transaction which can’t be traced.
Bitcoin was used for bad purposes at the time of its first outing, and it may still be ongoing. So; Bitcoin needed, Bitcoin needed a solution. Knife makers can not predict the purpose of the blade. A knife can be used to cut bread or kill a man.
hero member
Activity: 1190
Merit: 525
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March 19, 2018, 02:47:54 PM
There is a dark use of Bitcoin in some illegal activities like selling of drugs, money laundering etc. So we can’t state that Bitcoin is used in a hygienic way only. The reason behind the dark use of Bitcoin is anonymous transaction which can’t be traced.

People are involved in illegal activities with or without Bitcoins. And at this point, Bitcoin doesn't give thieves any guarantee of success. I can tell you transactions are traceable. And I can even say any new regulations aren't needed to take criminals. In Brazil, federal police discovered a scheme involving misappropriation of money which used Bitcoins. And there isn't any regulation in the country focused in Bitcoins and Crypto-Currency.
newbie
Activity: 154
Merit: 0
March 19, 2018, 12:54:30 PM
It wasn't possible to use bitcoin in illegal purposes most frequently those people in the world that wants to revenge. Bitcoin value every year increases. Money value is stable and always renewed to maintain the texture and value. It is easier to use bitcoin coz it is more valuable than fiat. I am not terrorist but I think terrorist have a lot of ways to let their plan be happen. I hope that it will stop coz money is not easy to earn.
newbie
Activity: 210
Merit: 0
March 17, 2018, 01:26:49 AM
1) Are you used Bitcoin to buy illegal staff Huh

2) which better to buy legal things  Bitcoin or Normal Bank system (PP, payer, cash,.............)
I do not use Bitcoin at all in that way. I use Bitcoin as an investment asset and online transaction only.
newbie
Activity: 37
Merit: 0
March 16, 2018, 07:13:25 AM
for this moment it is still more convenient to buy things via fiat, but I beleive in near future it will be much more comfortable to use cryptocurrencies
newbie
Activity: 30
Merit: 0
March 16, 2018, 06:19:40 AM
This is a bit stupid to buy illegal stuff with Bitcoin
BTC isn't the most secure currency
DASH, for example, is more convenient for that, level of security is much higher
(never bought illegal stuff btw)
member
Activity: 224
Merit: 10
March 16, 2018, 03:26:14 AM

   In principle, the issue of the legal use of bitcoin is not correct, bitcoin is not recognized as a means of payment in no country, manipulation of it in the calculations is a dark business, no matter what you buy.
   It is also important to understand that illegal things can be bought for ordinary money, what is most often done.
sr. member
Activity: 630
Merit: 257
March 15, 2018, 05:06:40 PM
There is a dark use of Bitcoin in some illegal activities like selling of drugs, money laundering etc. So we can’t state that Bitcoin is used in a hygienic way only. The reason behind the dark use of Bitcoin is anonymous transaction which can’t be traced.
full member
Activity: 406
Merit: 110
March 14, 2018, 09:05:52 PM
As long as people keep thinking that, and thus remain ignorant, Bitcoin will be their first choice for many more years. Monero has been around for quite a while now, and it's still lagging behind.

surely dark market adoption is down what the drug dealers dictate. if they refuse to take bitcoin then buyers have no choice but to go buy some monero. if i were in that line of work there's no way i'd be touching bitcoin any more. you simply don't know who's watching and their ability to figure things out.
I agree with you that is one of the main reason too that some investors does not want bitcoin to come into their country as illegal transaction took place with it, which we really understood it as this is really not only for them but for all the people in their country.
Don't be afraid of the negative effect that would happen in bitcoin as it won't  happen, if it does then it should be dead years from now but as we all know it is not, indeed the demand continues to rise despite the negative vibes that was happening from different country.
full member
Activity: 199
Merit: 100
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March 14, 2018, 09:42:43 AM
As long as people keep thinking that, and thus remain ignorant, Bitcoin will be their first choice for many more years. Monero has been around for quite a while now, and it's still lagging behind.

surely dark market adoption is down what the drug dealers dictate. if they refuse to take bitcoin then buyers have no choice but to go buy some monero. if i were in that line of work there's no way i'd be touching bitcoin any more. you simply don't know who's watching and their ability to figure things out.
I agree with you that is one of the main reason too that some investors does not want bitcoin to come into their country as illegal transaction took place with it, which we really understood it as this is really not only for them but for all the people in their country.
newbie
Activity: 168
Merit: 0
March 14, 2018, 09:24:04 AM
Silk Road was the first real use case of Bitcoin. It was mainly a market pace for selling illegal stuff. Anyway, today there are even "normal" merchants accepting bitcoin, althoguh with the higher transaction costs the number of these merchants decreases.
legendary
Activity: 1288
Merit: 1087
March 13, 2018, 09:17:58 PM
As long as people keep thinking that, and thus remain ignorant, Bitcoin will be their first choice for many more years. Monero has been around for quite a while now, and it's still lagging behind.

surely dark market adoption is down what the drug dealers dictate. if they refuse to take bitcoin then buyers have no choice but to go buy some monero. if i were in that line of work there's no way i'd be touching bitcoin any more. you simply don't know who's watching and their ability to figure things out.
legendary
Activity: 1526
Merit: 1179
March 13, 2018, 09:12:29 PM
i'm kinda surprised bitcoin is still used at all when stuff like monero is now big enough to support a decent amount of commerce.
There is already a shift going on to coins focused purely on providing anonymity, but it's a slow process. The thing is that the general public still has the impression that Bitcoin is an anonymous digital currency.

As long as people keep thinking that, and thus remain ignorant, Bitcoin will be their first choice for many more years. Monero has been around for quite a while now, and it's still lagging behind.

I actually expected Monero to do better in terms of adoption, but it's struggling to firmly position itself in the upper regions of this market. It's a coin providing actual usefulness, which is something 95% of the coins don't do.
legendary
Activity: 1288
Merit: 1087
March 13, 2018, 08:00:28 PM
i would never use bitcoin for anything questionable. you simply don't know how good law enforcement is these days and i'm not interested in anything questionable or good enough at keeping my anonymity up.

i'm kinda surprised bitcoin is still used at all when stuff like monero is now big enough to support a decent amount of commerce.
member
Activity: 322
Merit: 23
March 13, 2018, 06:59:28 PM
There are even people asking for ransom and threats against those who are crank calling people telling them if they do not pay their taxes to the government they will be thrown in jail and are now asking it to be paid in bitcoin.

So these fraudsters are using it to commit their crimes in this manner differently from what they were asking their victims how to pay last year in this scam attempt to do with unpaid taxes.
Many possibilities that bitcoin can do it also belong to currencies and we know that the most powerful thing on earth is fiat, illegal activities from gambling it also possible to happen. That's the reason for some countries refuse bitcoin to their place instead of embracing it.
Hopefully, people don't try this rebellion activity in your country that may destroy the image of bitcoin.
full member
Activity: 182
Merit: 122
March 13, 2018, 10:52:01 AM
There are even people asking for ransom and threats against those who are crank calling people telling them if they do not pay their taxes to the government they will be thrown in jail and are now asking it to be paid in bitcoin.

So these fraudsters are using it to commit their crimes in this manner differently from what they were asking their victims how to pay last year in this scam attempt to do with unpaid taxes.
copper member
Activity: 226
Merit: 0
March 13, 2018, 10:46:29 AM
You can buy legal and illegal stuff with FIAT money as well , its not just bitcoin like those conman telling us
legendary
Activity: 3346
Merit: 3125
March 13, 2018, 10:42:34 AM
First of all, Bitcoin as a type of currency can be used for good or evil, there is not any difference between it and paper money. Paper money is used nowadays to buy and sell illegal weapons, drugs, and etc. Bitcoin is not the only cryptocurrencie. In fact, I believe the most used crypto for dark stuff is Monero, for it can't be traceable. Monero is also the most used currency on the deep web, which, as you should know, contains the wide illegal activity on the web (the clear web only disposes of minor crimes, to be honest). Now, as a new method of payment, of course, it can imply illegal actions, but it is not different from paper money, or, for instance, diamond illegal traffic, and a long etc.
Regarding your mean question (if anybody here has used BTC for illegal activities), well, I don't see a panorama where people here are going to confess to you such information, by obvious reasons.
Nevertheless, since the beginning cryptocoins (monero the most) has been used for dark activities, but do not forget every day paper money is used for this as well. Euro, Yuang, Dollar... they are daily the protagonists of war, illegal trading, slave traffic...
Where there is money, there is cruelty, for where there is humanity there is as well, cruelty.
newbie
Activity: 210
Merit: 0
March 13, 2018, 07:38:49 AM
1) Are you used Bitcoin to buy illegal staff Huh

2) which better to buy legal things  Bitcoin or Normal Bank system (PP, payer, cash,.............)
No! Not at all! I use Bitcoin only for positive things for my future. I use Bitcoin only as an investment asset and because Bitcoin has helped my family's economy a lot. So I also make Bitcoin my main job. I think if anyone uses Bitcoin with a negative thing, surely he will not tell.
sr. member
Activity: 972
Merit: 255
Bear season or just the beginning
March 13, 2018, 02:06:12 AM

It is possible to use bitcoin on illegalities the same with fiat. I am done with being something stupid and rebellious and now living silently as a good citizen. You can use fiat or bitcoin online, it depends on you. Bitcoin seems faster and convenient so I like it.
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