Is bitcoin being used for illegal activities - page 105.

alisafidel58

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Quote from: n0ne on March 16, 2016, 05:32:33 AM

Bitcoin usage in illegal activities has increased due to the anonymous transaction. Bitcoin's attractive features are the anonymous as well price fluctuations.

Thats right being anonymous with the transaction you are going to make is the main factor thats why it is being used on illegal activities.
Like silkroad for example that used to sell all kinds of illegal stuff on the net.

n0ne

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Bitcoin usage in illegal activities has increased due to the anonymous transaction. Bitcoin's attractive features are the anonymous as well price fluctuations.

Dormund

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Some bitcoins are being used for illegal activity, it's just common sense that whenever humans are involved then illegal things are present as well, fiat including every currency is also being used for illegal activity.

sachung

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it's being used for some illegal activities by some criminals, It's not the fault of bitcoin at all though, Being a convenient payment system is not a mistake and it's the error of those sending the transaction in criminal field.

Mr.grin

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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..

I often hear this, because that bitcoin is legalized in some countries, because I have always heard that bitcoin is always used for illegal activities and are very difficult to be tracked

honeyhtet

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Criminals and all other illegal businesses used fiat and dollar, everyone remembers the mafia and the time where they were using dollars, it is not the currency but the criminals using it.

romero121

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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.

Such incidents might be taking place but we can't completely deny that bitcoin is not used for illegal activities. Soon expect officials to get bribe through bitcoin, which won't let them to any problem.

HarryKPeters

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Bitcoin is of course being used for illegal activities. And that is very normal I think. It is a good payment method for it.
And more people will use Bitcoin so they are going also to more do more illegal activities and you cant help that.

avw1982

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Quote from: nostal02 on March 14, 2016, 12:59:37 AM

Yes is it being used to do illegal activities like buying drug and guns.
If you look back these past few years theres a website called silkroad which sells illegal items that cant be sold on a normal site.
On darkweb you can watch people getting killed with a cost of bitcoin.

Yup it is used by illegal activities. But I think it is normal to use Bitcoin for illegal activities. Nobody can control you and cant see what you bought.
But I think that must stop soon. Banks don't like it either and the government too.

nostal02

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Yes is it being used to do illegal activities like buying drug and guns.
If you look back these past few years theres a website called silkroad which sells illegal items that cant be sold on a normal site.
On darkweb you can watch people getting killed with a cost of bitcoin.

g4vinshreds

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Of course it is, just like all other forms of money are.

Hellacopter

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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.

withche.07

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It probably is being used for illegal activity.
But you know fiat money is also getting used for illegal activity.
It is no big deal.

blunderer

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Quote from: jethrorn99 on March 13, 2016, 07:58:27 AM

There's no clean currency in the world. Dollar, Pounds, Euro, Bitcoin, you name it. It's used for illegal activities for sure.

People will use anything profitable to do trading. Bitcoin is no different since bitcoin is also a currency

Yeah, the only difference being...
Say 10% of all the money changing hands, at any given time, is being used for doin' khrymes.
With BTC, that number is more like 95%.
Luckily, it's mostly bitcoiner-on-bitcoiner crimz, so virtually victimless

jethrorn99

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There's no clean currency in the world. Dollar, Pounds, Euro, Bitcoin, you name it. It's used for illegal activities for sure.

People will use anything profitable to do trading. Bitcoin is no different since bitcoin is also a currency

vero

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Quote from: romero121 on March 12, 2016, 08:38:12 PM

Bitcoin is used more in illegal activities. Such increased usage of bitcoin in illegal activities is due to the anonymous transactions. This usage will decrease when certain regulations were fixed in transaction.

please don't underestimate into bitcoin, bitcoin used for illegal or legal it's not a problem before bitcoin become popular, many people used fiat for illegal activities.

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Quote from: romero121 on March 12, 2016, 08:38:12 PM

Bitcoin is used more in illegal activities. Such increased usage of bitcoin in illegal activities is due to the anonymous transactions. This usage will decrease when certain regulations were fixed in transaction.

The transactions are not anonymous on the first place ,they are pseudo anonymous.Bitcoins are not being used in illegal activities by majority and even if it is then there is nothing that could change that.I use it because of no or way less regulations than fiat's and if you plan to restrict them then there wont be much benefits left in bitcoin anymore.

romero121

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Bitcoin is used more in illegal activities. Such increased usage of bitcoin in illegal activities is due to the anonymous transactions. This usage will decrease when certain regulations were fixed in transaction.

nejibens

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Bitcoin and fiat are used for both legal and illegal activities depending with users worldwide, we can't focus to accuse the crypto currency because actually fiat is used for illegal purposes more than bitcoin.

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Quote from: bitcoinhopper on March 12, 2016, 04:32:40 PM

Quote from: vannaria on March 12, 2016, 11:40:29 AM

Some countries consider online gambling as illegal activity....then if you live in such country....
but as stated before "the number of criminals that use bitcoin is so low that it is not even comparable to the number of criminals using fiat."

Yeah the fiat criminals are by far a majority. With crypto currency there are relative less criminals using or understanding it.
That's a good think if you ask me.

Correct and many banks get rich or were even founded for illegal activities.
The history of HSBC is very interesting. Just look at the british opium deals in china.
They even fought a war against china to prevent the chinese from stop flooting the land with drugs... Roll Eyes

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