Is bitcoin being used for illegal activities - page 104.

tn211

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Quote from: barbara44 on March 16, 2016, 02:51:54 PM

Quote from: Hellacopter on March 13, 2016, 08:07:08 PM

Before creating Bitcoin and other altcoins, criminals and terrorists used fiat and cash for illegal activities , and they still using it till now as noticed in news. So accusing only Bitcoin for this purpose coulden't be true, in my opinion.

Yes for centuries, criminals are working their way and they use money whenever and wherever the require, so not when bitcoin is introduced as a currency and everyone is using it, among whom criminals are also included, then why bitcoin is blamed.

Yes you are right its just bullshit in my opinion because the fact is that bitcoin itself is used by many fair people that have nothing to do with criminals.
The media is just talking bad about the bitcoin, every currency is getting used for criminal activities so what...

barbara44

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Quote from: Hellacopter on March 13, 2016, 08:07:08 PM

Before creating Bitcoin and other altcoins, criminals and terrorists used fiat and cash for illegal activities , and they still using it till now as noticed in news. So accusing only Bitcoin for this purpose coulden't be true, in my opinion.

Yes for centuries, criminals are working their way and they use money whenever and wherever the require, so not when bitcoin is introduced as a currency and everyone is using it, among whom criminals are also included, then why bitcoin is blamed.

sachung

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Yup some bitcoins are being used for illegal activity, again is that strange at all? Any currency in the world is being used for illegal activity at almost all levels, A currency makes it possible to deal with other people and that would draw criminals..

ronaldinho_07

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Quote from: Akupuniard on March 16, 2016, 11:51:50 AM

It's really safe for criminals couse they can reciving and sending money allover the world and nobody will know who was that. So i think yes bitcoin is a good choise for illegal activities. But i am not supporting criminals Grin

I doubt criminals are really using bitcoin,otherwise you would see huge volumes being bought and sell at once,like 200 bitcoins,anyway why would they change the system of fiat that work over the years ?They dont hide they wash the money with companies and pay a tax to the country and all knows what they do really.

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Quote from: DARKCHANGE on March 16, 2016, 11:47:11 AM

Problem is that press only notices the illegal users and usages. Of course there are people abusing the system, but to stay in reality: Primary currency of world's money laundering instruments is the USD. And fiat money general.

How would an American big drug taker pay his contact in Colombia? By cash. And not in Bitcoin.

It's obvious that they will just broadcast the illegal used because it will affect the community.

And yes fiat money is in general. Other sources just like gold, crytpo's, oil are just options.

Akupuniard

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It's really safe for criminals couse they can reciving and sending money allover the world and nobody will know who was that. So i think yes bitcoin is a good choise for illegal activities. But i am not supporting criminals Grin

sallymeeh27

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I am not really sure.. and I am hoping that it should not be used but as what you said you have seen an article that it does, I hope that this will be stop because this will not be good if they will keep using the currency for bad things. This might leave a bad image for the bitcoin and might cause to stop..

DARKCHANGE

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Problem is that press only notices the illegal users and usages. Of course there are people abusing the system, but to stay in reality: Primary currency of world's money laundering instruments is the USD. And fiat money general.

How would an American big drug taker pay his contact in Colombia? By cash. And not in Bitcoin.

nejibens

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Quote from: Betwrong on March 16, 2016, 10:41:43 AM

Quote from: Hellacopter on March 13, 2016, 08:07:08 PM

Before creating Bitcoin and other altcoins, criminals and terrorists used fiat and cash for illegal activities , and they still using it till now as noticed in news. So accusing only Bitcoin for this purpose coulden't be true, in my opinion.

I agree. Criminals are also using many other things: guns, iphones, fiat, cars etc. We can't ban everything criminals are using. The best way to deal with it IMO is just ignoring what criminals are using.

That's true, i think that some Bitcoin's haters just try to accuse Bitcoin for no logical reasons sometimes, everything already is used for legal or illegal activities.

martinacar

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Quote from: Betwrong on March 16, 2016, 10:41:43 AM

Quote from: Hellacopter on March 13, 2016, 08:07:08 PM

Before creating Bitcoin and other altcoins, criminals and terrorists used fiat and cash for illegal activities , and they still using it till now as noticed in news. So accusing only Bitcoin for this purpose coulden't be true, in my opinion.

I agree. Criminals are also using many other things: guns, iphones, fiat, cars etc. We can't ban everything criminals are using. The best way to deal with it IMO is just ignoring what criminals are using.

Indeed, ff course its used for criminal activities but if I'm honest every payment method/ currency is used for criminal activities right ?
I think overall it would not be a big issue at all because all currency's have it and its not to stop at all.

Betwrong

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Quote from: Hellacopter on March 13, 2016, 08:07:08 PM

Before creating Bitcoin and other altcoins, criminals and terrorists used fiat and cash for illegal activities , and they still using it till now as noticed in news. So accusing only Bitcoin for this purpose coulden't be true, in my opinion.

I agree. Criminals are also using many other things: guns, iphones, fiat, cars etc. We can't ban everything criminals are using. The best way to deal with it IMO is just ignoring what criminals are using.

CryptoBjorn

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Quote from: jkrules on March 16, 2016, 09:15:24 AM

Quote from: techalt on March 16, 2016, 09:02:10 AM

Criminal can use anything to fulfill their desires. Does that mean you will blame the thing involved in question? if that's the case then USD should be banned too, They also use cars, knives etc., so will they be banned for it?

But If you just think Criminals are using all of the currencies in this world must have been used for an illegal activities. The problem is not the currency itself, because it's not a living things it has no mind. The one who we should blame is the people themselves that using it, because they are a living things and they have mind.

It will be of course used by criminals. You cant check what they did with their Bitcoin and that is why they use it.
And it can also be very dangerous and that is very bad. But you cant stop them and that is the problem.

jkrules

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Quote from: techalt on March 16, 2016, 09:02:10 AM

Criminal can use anything to fulfill their desires. Does that mean you will blame the thing involved in question? if that's the case then USD should be banned too, They also use cars, knives etc., so will they be banned for it?

But If you just think Criminals are using all of the currencies in this world must have been used for an illegal activities. The problem is not the currency itself, because it's not a living things it has no mind. The one who we should blame is the people themselves that using it, because they are a living things and they have mind.

techalt

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Criminal can use anything to fulfill their desires. Does that mean you will blame the thing involved in question? if that's the case then USD should be banned too, They also use cars, knives etc., so will they be banned for it?

recitestores

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stiffbud

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You guys should go check out the deep web and see howthey are making payments in their transactions. They are using bitcoins for these blackmarkets and illegal activities everywhere in the world mainly because anonimity is one of bitcoins features.

diegz

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Quote from: jayhawk1 on March 16, 2016, 07:29:26 AM

I think some bitcoins are being for illegal activities, That's the fault of the criminals using it not of bitcoin itself.

No doubt about that, bitcoin is being use by some people in their illegal activities...As money and other things with value...probably they use bitcoin because they might have knowledge about it, if they don't then probably they will be using fiat and other valuables..

maxj57634

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Most organization and terrorist are using bitcoin to do their deeds is fast and anonymous.
Nobody will notice that you are holding a huge amount and can do transaction even in public.

jayhawk1

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I think some bitcoins are being for illegal activities, That's the fault of the criminals using it not of bitcoin itself.

lolgato1

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Yes some bitcoins have been used for illegal activities but as it is anonymous it's attractive to those who do.

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