Is bitcoin being used for illegal activities - page 10.

Mastsetad

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Quote from: AicecreaME on November 27, 2016, 07:21:39 AM

Like the other currencies, Bitcoin (cryptocurrency) is also being used in different illegal activities online because people are taking it's advantage which is being anonymous in every transaction if you use bitcoin, that's why both the buyer and seller online that's is using bitcoin in illegal activities can't be easily find by the authority.

Bitcoin has no authority access, that is the biggest advantage for someone who wants to use it illegally, because there is no case on something that does not really exist in real world, just think if i go to an authority and tell them you are using bitcoins for illegal things, and if they ask me to give any proofs and i have just your transaction history, how would i prove it to them?

bryant.coleman

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Quote from: AicecreaME on November 27, 2016, 07:21:39 AM

Like the other currencies, Bitcoin (cryptocurrency) is also being used in different illegal activities online because people are taking it's advantage which is being anonymous in every transaction if you use bitcoin, that's why both the buyer and seller online that's is using bitcoin in illegal activities can't be easily find by the authority.

Just remember that Bitcoin is not the only anonymous payment method in operation right now. There are other options such as Moneypak. And these payment methods are also being extensively used for purchasing drugs and other illegal items. So I don't understand this fuss about Bitcoin being used in the dark market for the purchase of contraband.

ged00u

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Quote from: bluefirecorp on November 26, 2016, 04:14:49 PM

we can not use bitcoin for illegal activity because have no physical shape so we can say that bitcoin can be never use for illegal activity and fiat can be use for illegal activity because fiat have physical shape .

I don't get what you're trying to say. How can having physical shape have anything to do with being used for illegal activities? I think you should check those deep webs, which sell drugs, weapons or letting you hire hitmans, they have already accepted bitcoin for payment. And a sad but true fact is that bitcoin a few years ago when it was first born, bitcoin was a popular currency for criminals to make transactions.

AicecreaME

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Like the other currencies, Bitcoin (cryptocurrency) is also being used in different illegal activities online because people are taking it's advantage which is being anonymous in every transaction if you use bitcoin, that's why both the buyer and seller online that's is using bitcoin in illegal activities can't be easily find by the authority.

Kabul

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Quote from: ?? on ??

Yes sure it had wide use in illegal activities because it's anonymous and gives criminal freedom of money and they keeps themself hidden.

Agree. Bitcoin is created for being used anonymously without being traced by anyone on this planet so it is usual if someone uses bitcoin for illegal activities. However, although bitcoin can be used illegally, we can never deny the benefits and advantages Bitcoin has brings to all of us

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Quote from: MTBTT on November 27, 2016, 04:08:45 AM

Quote from: ?? on ??

Yes sure it had wide use in illegal activities because it's anonymous and gives criminal freedom of money and they keeps themself hidden.

of course when the criminals have a more secure method to transact course they will use it, and bitcoin easier for them and make them become more invisible, they would use bitcoin

It definitely help them in their job to transact illegal activities but do we really care for that? It's not our business to mind them, let the government do their duty but to us we just keep ourselves updated any possible ways to create demand will surely be an opportunity we have to wait the outcome.

MTBTT

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Quote from: ?? on ??

Yes sure it had wide use in illegal activities because it's anonymous and gives criminal freedom of money and they keeps themself hidden.

of course when the criminals have a more secure method to transact course they will use it, and bitcoin easier for them and make them become more invisible, they would use bitcoin

triasel

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Quote from: bitcoin110011 on February 06, 2016, 07:11:09 AM

I see more and more acrticles of bitcoin being used for illegal activities
will this hurt bitcoin in the long run , will governments ban this just like they started to do wih paying in cash for some services
to harden the use of illegal , and money laundering

example for illegal activities ? i don't think about illegal activities
i think user just use to transaction and get profit ..

enhu

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Quote from: mirakal on November 27, 2016, 01:54:32 AM

Quote from: bluefirecorp on November 26, 2016, 04:14:49 PM

we can not use bitcoin for illegal activity because have no physical shape so we can say that bitcoin can be never use for illegal activity and fiat can be use for illegal activity because fiat have physical shape .

Maybe you try to check in the dark market, they have been using bitcoin already before your statement. It has been widely use dude because they take advantage on the anonymity of bitcoin and people doing illegal transaction are freely doing their business without being trace.

they all can be use for illegal activities. fiat has been for illegal things since time and so are bitcoin. bitcoin isn't anon as we can track where the btcs goesbut then its almost impossible to know who owns the addresses like the real name.

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Quote from: bluefirecorp on November 26, 2016, 04:14:49 PM

we can not use bitcoin for illegal activity because have no physical shape so we can say that bitcoin can be never use for illegal activity and fiat can be use for illegal activity because fiat have physical shape .

Maybe you try to check in the dark market, they have been using bitcoin already before your statement. It has been widely use dude because they take advantage on the anonymity of bitcoin and people doing illegal transaction are freely doing their business without being trace.

bluefirecorp

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we can not use bitcoin for illegal activity because have no physical shape so we can say that bitcoin can be never use for illegal activity and fiat can be use for illegal activity because fiat have physical shape .

bryant.coleman

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Quote from: CoralPay on November 26, 2016, 01:03:29 PM

Every kind of money is used for illegal activities, but bitcoin has been blamed to be used more for those purpose because we can say it was its first use. I think that now is still use for illegal activities but it's not its main use anymore!

That is the problem. In 2011 and 2012, there were hardly any online shops accepting Bitcoin as a payment method, other than the dark markets which sold contraband such as drugs, stolen credit cards, and firearms. Bitcoin first attracted media attention due to its link with dark markets such as Silk Road, Black Market Reloaded and Sheep Marketplace.

amiryaqot

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Quote from: ?? on ??

Yes sure it had wide use in illegal activities because it's anonymous and gives criminal freedom of money and they keeps themself hidden.

It depend on people how they like to use because BTCitcoin is way of freedom, I don't think it only used for criminal activities at the moment conditions have been changed very bigger merchants are involved to them.

CoralPay

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Every kind of money is used for illegal activities, but bitcoin has been blamed to be used more for those purpose because we can say it was its first use.
I think that now is still use for illegal activities but it's not its main use anymore!

hawkins

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Quote from: richardsNY on November 26, 2016, 12:24:15 PM

Quote from: Daniel91 on November 26, 2016, 08:19:28 AM

Yes, of course.
For example, i heard news that police catch drug dealers in my country recently.
They ordered and bought drugs in dark web with Bitcoin.
Criminals always want to hide their activities and identities and because of it Bitcoin is perfect for them.
It's bad fact for us, because general public can become negative about Bitcoin, because of this.

Drug dealers are slowly shifting their business to the online deep net markets as they can sell their goods to a much greater number of people compared to when they do their thing locally. Another benefit for them is that they don't have to sell drugs to people face to face anymore. Such cases will only occur more often than has been happening lately. Bitcoin is taking over. It will probably give the media extra reason to continue spreading negativity.

bitcoin does have advantages that support the traders to trade something illegal. it becomes a target for merchants to use a tool that is extremely difficult to detect transaction was to sell their merchandise is illegal as cocaine, and illicit drugs other. I think this is a public secret

BuySomeBitcoins

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Bitcoin is the currency of pizza and cocaine - just like cash.

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Quote from: Daniel91 on November 26, 2016, 08:19:28 AM

Yes, of course.
For example, i heard news that police catch drug dealers in my country recently.
They ordered and bought drugs in dark web with Bitcoin.
Criminals always want to hide their activities and identities and because of it Bitcoin is perfect for them.
It's bad fact for us, because general public can become negative about Bitcoin, because of this.

Drug dealers are slowly shifting their business to the online deep net markets as they can sell their goods to a much greater number of people compared to when they do their thing locally. Another benefit for them is that they don't have to sell drugs to people face to face anymore. Such cases will only occur more often than has been happening lately. Bitcoin is taking over. It will probably give the media extra reason to continue spreading negativity.

South Park

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Quote from: Liad.Services on November 26, 2016, 02:50:26 AM

Quote from: romero121 on November 25, 2016, 11:44:16 PM

Quote from: Sithara007 on November 25, 2016, 03:32:41 AM

Quote from: Text on November 25, 2016, 03:15:53 AM

Those who are engaging on illegal activities by the use of bitcoin they are just putting themselves in danger. Bitcoin will having a negative mark regarding that once their government knows about it and for sure it is highly possible to ban btc in their country by the government.

Physical cash is the most common medium for purchasing hard drugs, firearms and other contraband in many of the countries. Did that lead to the banning of physical cash by the governments?

Physical cash is the one that has got acceptance among most of the services. But now most of the advancing users prefer bitcoin, because of its high security than fiat. Few months back a team of hackers collapsed entire management operations of a hospital and demanded pay in terms of bitcoin to resolve it. So based upon the users need and accessibility they choose fiat and bitcoin for illegal activities.

Yes, physical cash is liked and accepted everywhere, but it is pretty hard to transfer it if you are living at another country or another state.
Bitcoin is pretty easy if you take in consideration that you can transfer money in less then a couple of minutes to the other side of the world, with a pretty low fee considering the fees that the bank are charging you for a transfer.

And to that I would like to add, you can move your bitcoin very easily with you when you travel, unlike fiat, you could carry your bitcoin in your computer, USB a hardware wallet, paper wallet or an online wallet and no one will know how much money you are carrying and you will have no need to declare it.

Daniel91

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Yes, of course.
For example, i heard news that police catch drug dealers in my country recently.
They ordered and bought drugs in dark web with Bitcoin.
Criminals always want to hide their activities and identities and because of it Bitcoin is perfect for them.
It's bad fact for us, because general public can become negative about Bitcoin, because of this.

Potato Chips

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Quote from: Liad.Services on November 26, 2016, 02:50:26 AM

Quote from: romero121 on November 25, 2016, 11:44:16 PM

Quote from: Sithara007 on November 25, 2016, 03:32:41 AM

Quote from: Text on November 25, 2016, 03:15:53 AM

Those who are engaging on illegal activities by the use of bitcoin they are just putting themselves in danger. Bitcoin will having a negative mark regarding that once their government knows about it and for sure it is highly possible to ban btc in their country by the government.

Physical cash is the most common medium for purchasing hard drugs, firearms and other contraband in many of the countries. Did that lead to the banning of physical cash by the governments?

Physical cash is the one that has got acceptance among most of the services. But now most of the advancing users prefer bitcoin, because of its high security than fiat. Few months back a team of hackers collapsed entire management operations of a hospital and demanded pay in terms of bitcoin to resolve it. So based upon the users need and accessibility they choose fiat and bitcoin for illegal activities.

Yes, physical cash is liked and accepted everywhere, but it is pretty hard to transfer it if you are living at another country or another state.
Bitcoin is pretty easy if you take in consideration that you can transfer money in less then a couple of minutes to the other side of the world, with a pretty low fee considering the fees that the bank are charging you for a transfer.

You're right, this is the reason why bitcoin is so popular in silkroad, Aside from its low fees, bitcoin is also anonymous so the user will be hard to trace and it's so easy to send money all over the world in just a couple of minutes which is perfect for illegal transactions.

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