Dark use of Bitcoin - page 14. | Bitcointalksearch.org

Sithara007

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Quote from: Forts1946 on October 25, 2017, 04:08:09 PM

1) Are you used Bitcoin to buy illegal staff Huh

2) which better to buy legal things Bitcoin or Normal Bank system (PP,payeer,cash ,.............)

I have never used Bitcoins to purchase any contraband, but I have heard about guys purchasing ammo and drugs from various dark market sites using Bitcoins, or other anonymous currencies such as Zcash and Monero. Obviously it is better to use Bitcoin when compared to Paypal or Payoneer, due to its anonymity. But the most anonymous form of payment still remain in the form of physical cash.

vitos277

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Lancusters

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Quote from: Rajamuda on January 17, 2018, 12:58:39 AM

If indeed the country has been legalized bitcoin, it's good we aimed the all efforts made only focused on the things that are legal. Anyhow I don't think bitcoin is worth using for the things that smelled illegal. To me personally in the country where I live, although bitcoin is still said not legal completely.. but I personally keep doing things more positively and avoiding things that smelled negatively, criminalized, or illegal activities like for example made into a dark business.

In order to buy illegal things it is better to use Fiat. Actually it is a fake that bitcoin is an anonymous currency. There is always the possibility to track the user. These fakes are spreading bankers in order to stop the spread of bitcoin. I'm sorry that there are people who believe in it.

lady pink

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Quote from: Rajamuda on January 17, 2018, 12:58:39 AM

If indeed the country has been legalized bitcoin, it's good we aimed the all efforts made only focused on the things that are legal. Anyhow I don't think bitcoin is worth using for the things that smelled illegal. To me personally in the country where I live, although bitcoin is still said not legal completely.. but I personally keep doing things more positively and avoiding things that smelled negatively, criminalized, or illegal activities like for example made into a dark business.

There are people who are using bitcoin for legal stuff but it doesn't change the core issue that bitcoin is in the hands who prefer illegal activities. The dark market which is tor supported which is solely financed through bitcoin. The same is used for more dangerous activities than drugs and arms dealing. Bitcoin is facilitating psychopathic groups which humiliated humanity. Payments are received in bitcoin to watch live abuse and murders. This is the scariest aspect of bitcoin.

Rajamuda

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If indeed the country has been legalized bitcoin, it's good we aimed the all efforts made only focused on the things that are legal. Anyhow I don't think bitcoin is worth using for the things that smelled illegal. To me personally in the country where I live, although bitcoin is still said not legal completely.. but I personally keep doing things more positively and avoiding things that smelled negatively, criminalized, or illegal activities like for example made into a dark business.

invest2crypto

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Can you buy a bank using bitcoin?

dokie987

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Anyone can use this bitcoin in any way either good or the dark way. Because here we are not traced because we are using anonymous account. And that is a disadvantage.

Ompyon

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Quote from: jaylhynne018 on December 06, 2017, 03:22:36 AM

Quote from: Forts1946 on October 25, 2017, 04:08:09 PM

1) Are you used Bitcoin to buy illegal staff Huh

2) which better to buy legal things Bitcoin or Normal Bank system (PP,payeer,cash ,.............)

i think its in your own if you want to buy something legal or illegal everyone don't care about that you have your own decision what do you want to buy with your bitcoin!

agree, this is a private matter, want to use bitcoin for anything, it's their right, because those who will bear the consequences if dare to abuse bitcoin for things that violate the law

IvyAguas

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for 1st question, Nope, i don't feel buying illegal stuff using bitcoin, but it is really possible to use bitcoin but such illegal stuff, because no one can trace you your transaction and for the 2nd question, since it's legal stuff, it really up to you what you will use since Bitcoin still a money/ currency, e currency to be exact.

coinstalker23

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Some people really use Bitcoin on deepweb like buying illegal drugs , Paypal account and Credit card credentials, Hitman and etc. It is really easy to use it that way because no one can know who you transact with . Like the famous Silk Road Site on the deep web that Fbi shutdowns .

Samarkand

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Quote from: smith136 on December 04, 2017, 09:16:59 AM

... bitcoin is very common in the dark web since anonymity is a thing there...

This may have been true a few years ago, but it definitely isn´t true today.
Several of the big dark net markets have stopped accepting BTC altogether in the recent months!

This is diametrically opposed to what you are claiming. Blockchain analysis companies are getting
more sophisticated by the day in tracking coin movements and linking this to real identities. The dark net users
are increasingly aware of this and therefore have moved on to less known altcoins for that
blockchain analysis companies don´t yet exist. This shift away from BTC has become even more
pronounced due to the rise in transaction fees.

In my opinion this development had to be expected, because why would you want your
drug- or weaponrelated transactions on an immutable, public ledger? It really makes
no sense.

iv4n

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Quote from: alfacentavr on December 05, 2017, 12:04:24 PM

Every currency will be used for a mix of good and bad activities.
What's more important is how efficient the currency is at enabling those transactions, and how easy it is for enforcement agencies to do their job.

At the moment bitcoin transactions cost a lot, and I believe that this is is bad for bitcoin efficiency for buying anything with bitcoins, legal or illegal.
I agree that every currency will be used for good and bad, but with this fees just rich people and some drug bosses use bitcoin for paying something, why would drug addict pay some drug 5 dollars and fee for that 5 dollars can be double more money.

jaylhynne018

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Quote from: Forts1946 on October 25, 2017, 04:08:09 PM

1) Are you used Bitcoin to buy illegal staff Huh

2) which better to buy legal things Bitcoin or Normal Bank system (PP,payeer,cash ,.............)

i think its in your own if you want to buy something legal or illegal everyone don't care about that you have your own decision what do you want to buy with your bitcoin!

jhongzjhong

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Quote from: Forts1946 on October 25, 2017, 04:08:09 PM

1) Are you used Bitcoin to buy illegal staff Huh

2) which better to buy legal things Bitcoin or Normal Bank system (PP,payeer,cash ,.............)

Buy illegal staff using bitcoin may we do but it is abusing in bitcoin in cryptocurrency and trying to destroy bitcoin reputation. Maybe it will happen in other person who interested to do crime using bitcoin because they can't traced their transaction have.
There some dark web now get banned and vanish due to abusing bitcoin. Peoples used bitcoin may also controlled them selves not to do crimes using bitcoin.
But still bitcoin is good it depends upon on the beholder how they used.

alfacentavr

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Every currency will be used for a mix of good and bad activities.
What's more important is how efficient the currency is at enabling those transactions, and how easy it is for enforcement agencies to do their job.

Maheshkumar_Hrangkhawl

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Buying contraband with Bitcoin has become increasingly difficult these days. A lot many of the reliable dark market sites (such as Alphabay) has shut down. Some others have vanished with the money from the users.

Yaunfitda

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Quote from: smith136 on December 04, 2017, 09:16:59 AM

I don't think someone here will disclose some facts regarding using bitcoin for illegal purposes, bitcoin is very common in the dark web since anonymity is a thing there and also self security as well. I don't know if a government can trace illegal transactions using bitcoin but if they can it will be very very difficult for them.
I prefer using fiat for legal purchases of goods and services since after spending fiat and some bitcoins are still on hand it will earn profit

If you think that bitcoin is anonymous, think again. It's been explained multiple times that it is not the case. There is blockchain that can tracked all your movement. That's why there's mixing services as well, too provide you a layer of protection. And there is chain analysis:

https://www.chainalysis.com/

There is no doubt that bitcoin has been used by criminals to purchase illegal items in the dark web, but I assumed that they are very clever in hiding and maybe using other coins which is more anonymous like Monero, ZCash or even Dash, which makes it more harder for authorities to link and put a name on addresses.

But I guess if you don't deal with criminality with your hard earn bitcoins, you shouldn't be worry at all.

smith136

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I don't think someone here will disclose some facts regarding using bitcoin for illegal purposes, bitcoin is very common in the dark web since anonymity is a thing there and also self security as well. I don't know if a government can trace illegal transactions using bitcoin but if they can it will be very very difficult for them.
I prefer using fiat for legal purchases of goods and services since after spending fiat and some bitcoins are still on hand it will earn profit

Arkham Knight

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A lot of transactions that are happening in this world and even before fiat came out is there are already a lot that involves illegal activities so people should stop stating these issue too often because bitcoin's purpose is not focused on these crap.

Budugbass

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To me, so far I'm just trying to earn bitcoin and then selling it to local currency.
Well.. it's impossible for me to use bitcoin for illegal purposes / dark use purposes, and even seems I do not dare to doing that, to buying anything also with bitcoin is still prohibited in my place.
And I think it's not worth to do, it's smearing the good name of bitcoin that's so special.

Topic: Dark use of Bitcoin - page 14. (Read 23467 times)