Illegal things to buy!! - page 2. | Bitcointalksearch.org

Inauk

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Quote from: bryant.coleman on April 14, 2016, 08:04:37 AM

Quote from: AlexBits on April 14, 2016, 07:30:30 AM

You can buy many things with Bitcoin like weapons and bullets and that is indeed quite bad but the world is also getting crazier.

Buying guns, bestiality porn, drugs and other banned substances using physical cash is the most anonymous option. No matter how much you mix your coins, you are likely to leave a trail in the blockchain, leading back to your main wallet. However, if you use hard cash, then no matter how much the cops try, they can't trace you.

some people seems to don't understand that and try to show people how bad bitcoin could be because of that, i mean that this can be used to all those illegal things.

Quote from: greghansel89 on April 14, 2016, 06:21:03 AM

Blockchain cant really detect any transaction that is being used illegally thats why people who do this loves bitcoin and they remain anonymous with it.

not anonymous but pseduo-anonymous

bryant.coleman

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Quote from: AlexBits on April 14, 2016, 07:30:30 AM

You can buy many things with Bitcoin like weapons and bullets and that is indeed quite bad but the world is also getting crazier.

Buying guns, bestiality porn, drugs and other banned substances using physical cash is the most anonymous option. No matter how much you mix your coins, you are likely to leave a trail in the blockchain, leading back to your main wallet. However, if you use hard cash, then no matter how much the cops try, they can't trace you.

AlexBits

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There are many illegal things that you can buy with Bitcoin and that is logic because Bitcoin is a nice payment method to buy some illegal stuff with it.
You can buy many things with Bitcoin like weapons and bullets and that is indeed quite bad but the world is also getting crazier.

greghansel89

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Quote from: rio3233 on April 14, 2016, 06:02:22 AM

Quote from: Jemzx00 on April 13, 2016, 12:15:45 PM

Well as we all know that whenever we transact it always go through blockchain first. So is it possible that blockchain can detect illegal trasanction such as buying drugs, guns, hitman etc., especially on deepweb. And where does bitcoin go when blockchain detects a illegal transaction?

Nope, blockchain can't detect about illegal transaction. Transaction on deepweb must be very2 careful, and i don't think it can be detected by blockchain or anyone, beside the seller and buyer.

Blockchain cant really detect any transaction that is being used illegally thats why people who do this loves bitcoin and they remain anonymous with it.

owm123

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Quote from: Jemzx00 on April 13, 2016, 12:15:45 PM

Well as we all know that whenever we transact it always go through blockchain first. So is it possible that blockchain can detect illegal trasanction such as buying drugs, guns, hitman etc., especially on deepweb. And where does bitcoin go when blockchain detects a illegal transaction?

There are companies that do aim at detecting and monitoring illicit transactions in bitcoin for use by law enforcement, governments and merchants. For examples

https://www.elliptic.co/
http://www.coinalytics.co/
http://sabr.io/

An they can do this because bitcoin is not anonymous, but only pseduo-anonymous.

rio3233

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Quote from: Jemzx00 on April 13, 2016, 12:15:45 PM

Well as we all know that whenever we transact it always go through blockchain first. So is it possible that blockchain can detect illegal trasanction such as buying drugs, guns, hitman etc., especially on deepweb. And where does bitcoin go when blockchain detects a illegal transaction?

Nope, blockchain can't detect about illegal transaction. Transaction on deepweb must be very2 careful, and i don't think it can be detected by blockchain or anyone, beside the seller and buyer.

xuan87

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i heard that it is possible to detect but it is very difficult, if you keep your blockchain clean record (never publish or never used it) and you used the service to mix your coin, then its almost impossible to detect it

Mastsetad

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Quote from: Jemzx00 on April 13, 2016, 12:15:45 PM

Well as we all know that whenever we transact it always go through blockchain first. So is it possible that blockchain can detect illegal trasanction such as buying drugs, guns, hitman etc., especially on deepweb. And where does bitcoin go when blockchain detects a illegal transaction?

Ofcourse not.
How a website that keeps track of the wallets and the funds being transacted between each other can detect an illegal transaction?
Blockchain only can show you that what amount and from what wallet it was transacted from, but it cannot give you or keep any other information about that.
Because bitcoin is anonymous, it cannot be tracked i guess.

eternalgloom

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Quote from: Jemzx00 on April 13, 2016, 12:25:40 PM

Quote from: Patatas on April 13, 2016, 12:21:45 PM

There is no way to detect a illegal transaction.I doubt even in future this feature will ever be implemented.How can you decide if a transaction is illegal ? Volume of the trade ? Bitcoin address associated with it ? All the blockchain does is process the transactions by keeping them public regardless of who or what is being the address is used for.

Yeah sometimes blockchain check on some mysterious transaction such as what you have said. And blockchain doesn't just process transactions .

What you are saying here is incorrect or an error in translation. The blockchain doesn't 'check on' mysterious transactions, it just lists all transactions, mysterious or otherwise, it's a public ledger.
People can use it to check for suspicious transactions or whatever but the blockain itself does nothing of this sort.

hasiramasenju

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i was never heard that blockchain can detect illegal transactions also i think it could not be blockchain do that because very difficult to detect illegal transactions to bitcoin users and might be because bitcoin is anonymous so every transactions cannot be detect but i think only government can do that not blockchain

altcoinhosting

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Quote from: DimensionZ on April 14, 2016, 12:40:44 AM

The IP concern can be easily avoided by using a VPN service right? What if some honest guy who has bought Bitcoins on an exchange sent some to his friend who is a bad guy. So the good guy has exposed his ID to the authorities but the bad guy got clean coins in his wallet. How can you find out the identity of the bad guy if he continues to deal with digital cash and doesn't want to withdraw into the physical world?

Because the "good" guy can be identified... When buying coins on an exchange: you need to verify your ID, on other websites you need a verified paypal or credit card.
Only localbitcoins and bitcoin ATM's CAN be reasonably anonymous, altough the "good" guy might become "victim" of a sting operation.

When the "good" guy sends coins to his "bad" friend, the transaction is logged on the blockchain. When the "bad" guy buys something illegal (for example: drugs), the transaction is logged on the blockchain.

If the FBI suspects the dealers wallet to be a wallet used by a criminal, they can trace the coins back to the "bad" guy, and from the "bad" guy's wallet, they can trace them back to the "good" guy... But the "good" guy can be identified when he bought the coins.

So, if the "good" guy buys coins on a regular basis, and always sends them to the "bad" guy who always buys illegal stuff, it might happen that the cops knock on the "good" guys door and interrogate him untill he reveals the identity of the "bad" guy.

Bitcoin is pseudo-anonymous. It can be more or less completely anonymous, but only if you know what you're doing... If you're just buying coins and using them, you CAN be traced by somebody who has a lot of time and money (and has access to court orders)

arwin100

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Quote from: bitbunnny on April 14, 2016, 12:40:31 AM

The role of blockchain is not to trace illegal transactions. I'm not even sure that they have way to do that. Also, FBI and other agencies can't monitor all illegal transactions. They probably have some persons under surveillance who are dealing with such transactions but they can't have all transactions under surveillance. Otherwise all people who are buying drugs or weapons would have been arrested and that is not possible. Besides, one of the mainn features of Bitocin are anonymous transactions that couldn't be traced.

I agree with you also the fact is blockchain is made to receive/send and store bitcoin and blockchain not tracking illegal nor can track illegal activities because bitcoin is anonymous. If blockchain can detect well many scammers will go to jail because all of them using blockchain. And the reason why scammers use blockchain is because they are not traceable and their identity is safe.

DimensionZ

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Shit, did I leave the stove on?

The IP concern can be easily avoided by using a VPN service right? What if some honest guy who has bought Bitcoins on an exchange sent some to his friend who is a bad guy. So the good guy has exposed his ID to the authorities but the bad guy got clean coins in his wallet. How can you find out the identity of the bad guy if he continues to deal with digital cash and doesn't want to withdraw into the physical world?

bitbunnny

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The role of blockchain is not to trace illegal transactions. I'm not even sure that they have way to do that. Also, FBI and other agencies can't monitor all illegal transactions. They probably have some persons under surveillance who are dealing with such transactions but they can't have all transactions under surveillance. Otherwise all people who are buying drugs or weapons would have been arrested and that is not possible. Besides, one of the mainn features of Bitocin are anonymous transactions that couldn't be traced.

Kakmakr

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The Blockchain is just a public ledger of all transactions and how coins are linked from one person to the next. If you used your Bitcoin address on say Overstock.com and you bought something there, they might have your IP address stored on their system. < I am just using Overstock as a example, and I am not saying they are logging IP's > and then you use that same IP address to buy something illegal on another site where they have IP addresses stored, then the authorities can link these two transactions together on the Blockchain and then use this evidence to track you.

To keep your financial history more private, use Bitcoin addresses only once and then no history of previous transactions will be traceable to you from compromised services. Some of these services will not give this information without a subpoena and the proper documentation. ^hmmmm^

Some services collect this information for the authorities, and you will never know which one is legit and which one is a honey trap. ^smile^

Yakamoto

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There is no way the blockchain detects an illegal transaction, all it is is a public ledger that anyone can go onto and read whatever they want. The blockchain doesn't look at each transaction, it merely exists. It does not care what happens.

nanonymousx

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For the same token, can we trace all bills, since all cask has a unique series number.

rababo

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One of bitcoin advantage is it's anonymity, but it doesn't mean your transaction is untraceable.
When you did transaction, your transaction have the blockchain, and that blockchain can be traced.

vero

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Blockchain can't detect the illegal transaction or not and it's same with every transaction through a bank or bitcoin. we will know it is illegal transaction when there are reports of another party or the authorities in the country.

avikz

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Quote from: Jemzx00 on April 13, 2016, 12:15:45 PM

Well as we all know that whenever we transact it always go through blockchain first. So is it possible that blockchain can detect illegal trasanction such as buying drugs, guns, hitman etc., especially on deepweb. And where does bitcoin go when blockchain detects a illegal transaction?

It is technically impossible to detect illegal transactions for blockchain if you are sending your payment to another bitcoin address without any note or without using the API.

But if you are making API payment, then it can be proven that you have purchased some illegal things looking at the website. But in deepweb, your ass is hidden, so you can transact freely.

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