Is bitcoin being used for illegal activities - page 106.

bitcoinhopper

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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.

eddyubachs

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Quote from: Red-Apple on March 12, 2016, 11:38:12 AM

Quote from: Daniel91 on March 12, 2016, 11:33:14 AM

Anything can be use for illegal activities, not just Bitcoin but also official, hard currencies, banks, financial institutions etc.
Real question is how many such illegal activities we have in Bitcoin?
It's impossible to give any concrete answer, of course, but I guess that bitcoin is more practical for illegal activities because of annonimity and luck of control.

exactly, people are going to abuse everything. it is not just bitcoin. and the number of criminals that use bitcoin is so low that it is not even comparable to the number of criminals using fiat.

Yes and i don't think that criminals would be aware about the bitcoins as they use fiat more as they are using it since a long time and they are comfortable with it so they will continue to use fiat and not bitcoins.

vannaria

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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."

Red-Apple

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Quote from: Daniel91 on March 12, 2016, 11:33:14 AM

Anything can be use for illegal activities, not just Bitcoin but also official, hard currencies, banks, financial institutions etc.
Real question is how many such illegal activities we have in Bitcoin?
It's impossible to give any concrete answer, of course, but I guess that bitcoin is more practical for illegal activities because of annonimity and luck of control.

exactly, people are going to abuse everything. it is not just bitcoin. and the number of criminals that use bitcoin is so low that it is not even comparable to the number of criminals using fiat.

Daniel91

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Anything can be use for illegal activities, not just Bitcoin but also official, hard currencies, banks, financial institutions etc.
Real question is how many such illegal activities we have in Bitcoin?
It's impossible to give any concrete answer, of course, but I guess that bitcoin is more practical for illegal activities because of annonimity and luck of control.

newcripto

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All depends on the person who is using it for good or bad purposes.I am using it as remittance and online transfers because it is more efficient and much more faster with low cost.Other traditional money or metals too can be used by criminals and so it can be as well.

trafficolaa

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Bitcoin is not created for to use only for illegal activities because i personally know so many people who using this real crypto currency for normal like fiat currency so that i think it depends on people behavior and their mind set so that i am agreed with this.

boopy265420

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There is no exception what it comes to talk about criminal activities regardless of Bitcoin of Fiat money.Bad boys are used to find ways to fulfill their needs and they will use every possible method to do so.It seems that Bitcoin is being used just for criminal activities by the title which is not correct.

ronaldinho_07

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Before bitcoin the fiat had this dark side the ilegal things,since bitcoin appear the media send all the bad things to bitcoin,even with all knowing that the fiat is what controls the most if not all ilegal stuffs.What is amazing is countries or media dont wanna to solve those fiat problems they wanna keep an active attack into bitcoin as they see it as a threat to them.

matete

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Anything called currency can be used for both legal and illegal transactions. Even before the introduction of bitcoins, money laundering and drug peddling was existing. So the invention of bitcoins has just come in to enhance the trade. Therefore you cannot blame Bitcoin for these age- old actions.

RoommateAgreement

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Quote from: sishendaoye on March 11, 2016, 09:35:28 AM

Quote from: Proxiebuier on March 11, 2016, 09:16:39 AM

Quote from: btcltccoins on March 11, 2016, 09:10:20 AM

Bitcoin is a currency and it can be used for legal and illegal activities.
So its the person who uses currency. It can be any currency.
So bitcoin is not bad in itself, it the usage with determines the action

Good explanation.
You can use a knife to cut bread or to stab someone...
Its the person who decides if something is used for good or bad action.

Yes bitcoin is getting used for criminal activities, but does not every currency is used for criminal activities.
I think it will not hurt the bitcoin because every currency has this problem right ?

ofcourse bitcoin (just like any other currency) is being used by criminals too but i think it is going to hurt bitcoin more than other currencies even though this usage is so small.

the reason for that is the fact that bitcoin is a new currency while others are old and already being used by many people.

Lucius

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All currencies are used for good and for bad activities including BTC.The manner in which the BTC is used like digital currency and in some way anonymous,stand out among the other currencies as the currency used for illegal activities.But if we take the percentage of people who use BTC, illegal activities committed by BTC are very small compared with currencies such as the dollar or euro.

zergenyt09

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Yup some of the bitcoins are being used for illegal reasons and by criminals but that is the same for FIAT by all names since there are criminals using any currency in the world...

offlinedragon

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yes bitcoin is being used for some illegal activities by some criminals, but that is not the fault of the currency but of those who are using it for illegal activities, it's a good currency IMO.

bankingbtc

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Quote from: coinyard on March 11, 2016, 09:46:19 AM

I think bitcoin is being used for illegal activities. But fiat is used much more than bitcoin. There is no ban of fiat in daily life.

of course fiat is used way more often as there are not a lot of people who adopted bitcoin

the illegal use of bitcoins is really bad for it as people start seeing it more as a harm rather than a revolution that can change the world to a better side

coinyard

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I think bitcoin is being used for illegal activities. But fiat is used much more than bitcoin. There is no ban of fiat in daily life.

maokoto

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Yes it is being used for illegal activities. As much as paypal, fiat, amazon gift cards.... even altcoins are being used for illegal activities. No doubt about it.

sishendaoye

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Quote from: Proxiebuier on March 11, 2016, 09:16:39 AM

Quote from: btcltccoins on March 11, 2016, 09:10:20 AM

Bitcoin is a currency and it can be used for legal and illegal activities.
So its the person who uses currency. It can be any currency.
So bitcoin is not bad in itself, it the usage with determines the action

Good explanation.
You can use a knife to cut bread or to stab someone...
Its the person who decides if something is used for good or bad action.

Yes bitcoin is getting used for criminal activities, but does not every currency is used for criminal activities.
I think it will not hurt the bitcoin because every currency has this problem right ?

CryptoBjorn

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Yes of course Bitcoin is used for illegal activities. And that is pretty normal I think. Many people use Bitcoin.
So it is normal that they are going to use it for illegal activities and that is very bad in the future.

Proxiebuier

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Quote from: btcltccoins on March 11, 2016, 09:10:20 AM

Bitcoin is a currency and it can be used for legal and illegal activities.
So its the person who uses currency. It can be any currency.
So bitcoin is not bad in itself, it the usage with determines the action

Good explanation.
You can use a knife to cut bread or to stab someone...
Its the person who decides if something is used for good or bad action.

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