Is bitcoin being used for illegal activities

TastyChillySauce00

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Quote from: bitcoindusts on December 11, 2016, 07:08:23 PM

Quote from: richardsNY on December 11, 2016, 06:37:43 PM

Quote from: Taki on December 11, 2016, 05:44:14 PM

Quote from: Rizky Aditya on December 11, 2016, 02:26:10 AM

Of course it is being used for illegal activities. A currency that isn't controlled by anyone and can't be tracked(as in location), why would a criminal not use it?

Yeah, I think all big terrorists structures are using bitcoin for a long time ago.
The most easy example of illegal using bitcoin is hacking exchangers and wallets. How many big hacking already happen and how much will? And don't forget about scammers.

Exchanges nowadays aren't stupid when it comes to securing everything properly. That's why the main focus should be directed at employees and operators of an exchange or service rather than hackers. And if coins are being stolen through a hack, then these coins will be marked as such where this information is being passed to other exchanges and services. If the hackers deposit these stolen coins somewhere, they risk having them frozen.

Yeah I noticed that exchanges demands an identity whenever we have to transact bitcoin by converting it thru fiat money. They also prohibit money coming from gambling Casino, if found breaking the rules they can ban the account.

Just minority of exchangers i guess. my exchangers in local never ask such thing but always directly process what i demanded to do. they're not worried of chargeback bitcoin is irreversible. But i think that those exchangers who prohibit money which comes from gambling or casino is the exchangers whose offices are placed in the U.S. therefore if you live in U.S. seek for an individual exchanger

Text

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Quote from: Natalim on December 11, 2016, 11:42:47 PM

It's good not to be trace with our online transaction although we are not making something illegal, that is what you called privacy and the freedom to do any transaction online without the need to comply with the laws of the government. Using it for illegal activities would only harm us in the future when we get caught so instead of thinking that way let's be more productive and work hard than doing a one time big time transaction.

I agree with you, nothing can get on that but only money itself. Anonimity is already given to bitcoin. Those users that are involve to illegal activities will regret later on. Maybe they can make a fast and big money now but the time will come that they would be unsuccessful if the government take action strictly about it.

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Quote from: TheBobman on December 11, 2016, 10:09:41 PM

Quote from: Khailerdaz on December 11, 2016, 07:53:34 PM

It depends on us if how can we handle our bitcoin. There's a lot of illegal activities that can offer to us. We must have self discipline on handling our money like bitcoin here. Some gambling site offers to get more and to earn bitcoins. Note to yourself! Use your bitcoin properly and legit. Wink

Indeed there is offered a lot for the bitcoin in the deepweb as a example, its untraceable and that is what people like these days.

It's good not to be trace with our online transaction although we are not making something illegal, that is what you called privacy and the freedom to do any transaction online without the need to comply with the laws of the government. Using it for illegal activities would only harm us in the future when we get caught so instead of thinking that way let's be more productive and work hard than doing a one time big time transaction.

TheBobman

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Quote from: Khailerdaz on December 11, 2016, 07:53:34 PM

It depends on us if how can we handle our bitcoin. There's a lot of illegal activities that can offer to us. We must have self discipline on handling our money like bitcoin here. Some gambling site offers to get more and to earn bitcoins. Note to yourself! Use your bitcoin properly and legit. Wink

Indeed there is offered a lot for the bitcoin in the deepweb as a example, its untraceable and that is what people like these days.

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Quote from: passwordnow on December 11, 2016, 09:55:14 PM

Quote from: Khailerdaz on December 11, 2016, 07:53:34 PM

It depends on us if how can we handle our bitcoin. There's a lot of illegal activities that can offer to us. We must have self discipline on handling our money like bitcoin here. Some gambling site offers to get more and to earn bitcoins. Note to yourself! Use your bitcoin properly and legit. Wink

The thing you have mentioned about gambling, is it illegal to do gambling in your country? Or else that is just a normal way to work for your bitcoins and to have some fun with it. Also it is going to depend on how you are going to look for those illegal things and use your bitcoin with it. But I say, it is better to stay away from those activities.

Actually gambling are illegal in most countries, and only with bitcoin we were able to gamble without hassle and the government cannot ban them because bitcoin is not fully regulated, in short bitcoin is use for illegal transaction.

passwordnow

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Quote from: Khailerdaz on December 11, 2016, 07:53:34 PM

It depends on us if how can we handle our bitcoin. There's a lot of illegal activities that can offer to us. We must have self discipline on handling our money like bitcoin here. Some gambling site offers to get more and to earn bitcoins. Note to yourself! Use your bitcoin properly and legit. Wink

The thing you have mentioned about gambling, is it illegal to do gambling in your country? Or else that is just a normal way to work for your bitcoins and to have some fun with it. Also it is going to depend on how you are going to look for those illegal things and use your bitcoin with it. But I say, it is better to stay away from those activities.

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It depends on us if how can we handle our bitcoin. There's a lot of illegal activities that can offer to us. We must have self discipline on handling our money like bitcoin here. Some gambling site offers to get more and to earn bitcoins. Note to yourself! Use your bitcoin properly and legit. Wink

bitcoindusts

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Quote from: richardsNY on December 11, 2016, 06:37:43 PM

Quote from: Taki on December 11, 2016, 05:44:14 PM

Quote from: Rizky Aditya on December 11, 2016, 02:26:10 AM

Of course it is being used for illegal activities. A currency that isn't controlled by anyone and can't be tracked(as in location), why would a criminal not use it?

Yeah, I think all big terrorists structures are using bitcoin for a long time ago.
The most easy example of illegal using bitcoin is hacking exchangers and wallets. How many big hacking already happen and how much will? And don't forget about scammers.

Exchanges nowadays aren't stupid when it comes to securing everything properly. That's why the main focus should be directed at employees and operators of an exchange or service rather than hackers. And if coins are being stolen through a hack, then these coins will be marked as such where this information is being passed to other exchanges and services. If the hackers deposit these stolen coins somewhere, they risk having them frozen.

Yeah I noticed that exchanges demands an identity whenever we have to transact bitcoin by converting it thru fiat money. They also prohibit money coming from gambling Casino, if found breaking the rules they can ban the account.

richardsNY

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Quote from: Taki on December 11, 2016, 05:44:14 PM

Quote from: Rizky Aditya on December 11, 2016, 02:26:10 AM

Of course it is being used for illegal activities. A currency that isn't controlled by anyone and can't be tracked(as in location), why would a criminal not use it?

Yeah, I think all big terrorists structures are using bitcoin for a long time ago.
The most easy example of illegal using bitcoin is hacking exchangers and wallets. How many big hacking already happen and how much will? And don't forget about scammers.

Exchanges nowadays aren't stupid when it comes to securing everything properly. That's why the main focus should be directed at employees and operators of an exchange or service rather than hackers. And if coins are being stolen through a hack, then these coins will be marked as such where this information is being passed to other exchanges and services. If the hackers deposit these stolen coins somewhere, they risk having them frozen.

Skarner21

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Quote from: ardentvolcanoes on December 11, 2016, 01:10:35 PM

Quote from: Mastsetad on December 11, 2016, 12:12:02 PM

Quote from: Rizky Aditya on December 11, 2016, 02:26:10 AM

Of course it is being used for illegal activities. A currency that isn't controlled by anyone and can't be tracked(as in location), why would a criminal not use it?

Obviously, people even use fiat and other currencies for illegal acts which might can be traced or tracked then why wont they use bitcoin which is not traceable at all? There is no form of money in the world that is not used for bad actions.

yes that's the point mate if people can use fiat for something illegal so why not the bitcoin can be used on the same way, not all people knows the anonymous feature of bitcoin at the same time not all people are afraid to show their identity while conducting an illegal activity so there could be someone who uses fiat and someone who uses bitcoin for some illegal acts just to hide their identity and they doesn't need to meet the sellers face-to-face.

I think they are using fake identity instead of they are doing illegal even in fiat. bitcoin is less hassle because they can use it without giving to much personal information it can be easy to use bitcoin in illegal activities but they are just both fiat and bitcoin are doing illegal..
They are also just directly paying with their private transport to receive the illegal weapons and drugs because if they are using only bitcoin they can be much possible to be scam if they will buy a weapon or any illegal in darkweb.. so i think we can not consider bitcoin that they are using to buy illegal activities like drugs and weapon. because if they will pay in bitcoin in darkweb its too risky so meetup is best possible they will doing to trade. than buying it with bitcoin since bitcoin has no reverse payment..

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Quote from: Rizky Aditya on December 11, 2016, 02:26:10 AM

Of course it is being used for illegal activities. A currency that isn't controlled by anyone and can't be tracked(as in location), why would a criminal not use it?

Yeah, I think all big terrorists structures are using bitcoin for a long time ago.
The most easy example of illegal using bitcoin is hacking exchangers and wallets. How many big hacking already happen and how much will? And don't forget about scammers.

ardentvolcanoes

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Quote from: Mastsetad on December 11, 2016, 12:12:02 PM

Quote from: Rizky Aditya on December 11, 2016, 02:26:10 AM

Of course it is being used for illegal activities. A currency that isn't controlled by anyone and can't be tracked(as in location), why would a criminal not use it?

Obviously, people even use fiat and other currencies for illegal acts which might can be traced or tracked then why wont they use bitcoin which is not traceable at all? There is no form of money in the world that is not used for bad actions.

yes that's the point mate if people can use fiat for something illegal so why not the bitcoin can be used on the same way, not all people knows the anonymous feature of bitcoin at the same time not all people are afraid to show their identity while conducting an illegal activity so there could be someone who uses fiat and someone who uses bitcoin for some illegal acts just to hide their identity and they doesn't need to meet the sellers face-to-face.

Mastsetad

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Quote from: Rizky Aditya on December 11, 2016, 02:26:10 AM

Of course it is being used for illegal activities. A currency that isn't controlled by anyone and can't be tracked(as in location), why would a criminal not use it?

Obviously, people even use fiat and other currencies for illegal acts which might can be traced or tracked then why wont they use bitcoin which is not traceable at all? There is no form of money in the world that is not used for bad actions.

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Quote from: Barbut on December 11, 2016, 08:03:50 AM

Quote from: Velkro on December 11, 2016, 04:12:24 AM

If bitcoin couldn't be used in illegal activities it wouldn't be good money right? Or value holder thing.
It has value, so it CAN be used in every activities, illegal and legal.

And its not like that just with bitcoins, that is definition of currency and what makes one currency better then others, on how many places you can spend it without any problem's, like you said on the street or in fancy restaurant, we need to use bitcoin on both places.

It will happen as we see more and more progress are happening with bitcoin industry we will be able to see more adoption for sure as we all really believes that bitcoin can be use in many forms of transaction even in illegal activity we cant stop that to happen illegal transaction is also part of any currency so it cant deny the fact that bitcoin will do too.

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Quote from: Text on December 11, 2016, 06:39:05 AM

We can't please them on what they are doing using their bitcoins because they have their own decissions. Let's just help them realize the bad effects thay may happen in their lives when they get involve in illegal activities. The worst thing is also the people around them will be affected including family and relatives and that is very sad.

The problem is when you're a drug addict, you wouldn't realize that something's bad is happening to your body. Even if you do realize something's bad is happening, you would most probably just ignore it and carry on to your normal day doing drugs. This is especially true to places where the government doesn't do that much actions about drug abusers. In addition, drug addicts know since from the start that something bad will happen to them sooner or later. They've already accepted it.

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Quote from: Velkro on December 11, 2016, 04:12:24 AM

If bitcoin couldn't be used in illegal activities it wouldn't be good money right? Or value holder thing.
It has value, so it CAN be used in every activities, illegal and legal.

And its not like that just with bitcoins, that is definition of currency and what makes one currency better then others, on how many places you can spend it without any problem's, like you said on the street or in fancy restaurant, we need to use bitcoin on both places.

Text

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We can't please them on what they are doing using their bitcoins because they have their own decissions. Let's just help them realize the bad effects thay may happen in their lives when they get involve in illegal activities. The worst thing is also the people around them will be affected including family and relatives and that is very sad.

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Yes. We cannot control how people use bitcoin, it's the same as fiat money... you can do/buy whatever you want with it. But it's always a good practice to stay away from any illegal practices to avoid getting caught and be imprisoned.

Velkro

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If bitcoin couldn't be used in illegal activities it wouldn't be good money right? Or value holder thing.
It has value, so it CAN be used in every activities, illegal and legal.

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Quote from: Rizky Aditya on December 11, 2016, 02:26:10 AM

Of course it is being used for illegal activities. A currency that isn't controlled by anyone and can't be tracked(as in location), why would a criminal not use it?

I agree, criminals would take the advantage of the features of bitcoin. They won't be easily track by authorities. Rather than using fiat, they use bitcoin because they can buy freely over the internet not knowing their identities. They are much safer than using fiat.

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