Is bitcoin being used for illegal activities - page 108.

Bitinity

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Quote from: torrentheaven on March 08, 2016, 02:20:15 PM

In many countries gambling is treated as an illegal activity, but majority of us are spending our bitcoin on gambling, so yes bitcoin is used for illegal activities but atleast we are using only in gambling and not in any criminal or terrorist activities.

In fact gambling in FIAT currency is exist far away before bitcoin gambling, so it is possible to anyone who have bitcoin to use it for all activities even for terrorism. But we cant blame the currency both FIAT and bitcoin as well, because we cant do nothing to avoid such kind of bad activities.

ingiltere

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Yes of course Bitcoin is used in all kind of activities. You can't limit Bitcoin users to anything.
And no of course governments can't do shit about it. Just tell your local government to suck it up. Wink

MTBTT

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Quote from: torrentheaven on March 08, 2016, 02:20:15 PM

In many countries gambling is treated as an illegal activity, but majority of us are spending our bitcoin on gambling, so yes bitcoin is used for illegal activities but atleast we are using only in gambling and not in any criminal or terrorist activities.

yeah in my country also banned for gambling games. even that is not a problem for bitcoin. because bitcoin can be used for anything though separately played in gambling. because bitcoin is a function of many

ronaldinho_07

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Its amazing how media only shots at bitcoin direction,soon we will have some new like this ,president invested into bitcoins and he lost half of the budget that should be used to pay the people that work for the state.Its amazing that fiat isnt anymore a problem of the ilegal stuffs,drugs are sold in the streets for fiat,you keep buying guns with fiat ,but no bitcoin is the only bad as its the new and the most powerful threat to some big companies that in the past made milions with the fees they charge.

Wapinter

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Quote from: torrentheaven on March 08, 2016, 02:20:15 PM

In many countries gambling is treated as an illegal activity, but majority of us are spending our bitcoin on gambling, so yes bitcoin is used for illegal activities but atleast we are using only in gambling and not in any criminal or terrorist activities.

Even Fiat is used for gambling or all other activities which are illegal.Why blame bitcoin for it? Bitcoin is a money and it is upto us how we use it.One can give bitcoin in charity or gamble with it

torrentheaven

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In many countries gambling is treated as an illegal activity, but majority of us are spending our bitcoin on gambling, so yes bitcoin is used for illegal activities but atleast we are using only in gambling and not in any criminal or terrorist activities.

ronaldinho_07

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Quote from: Junko on March 08, 2016, 09:41:53 AM

Of course bitcoin is being used for illegal activities. And as has been pointed out, fiat is used for illegal activities also.

The difference between bitcoin and fiat being used for illegal activities other than the fact that fiat is used more so for illegal activities, is that the press and media actually blame and demonize bitcoin for the illegal activity. Why? Because that's what sells and brings in the ad revenue. Every day there are hundreds, if not thousands of illegal activity uncovered using fiat currency, but who really cares unless there's some compelling, enthralling, captivating story to it?

However, if it is some illegal activity involving bitcoin, then BOOM! Instant headlines. Bitcoin + [insert whatever illegal activity here] Read/watch more to find out how evil and terrible bitcoin is because it was used for this otherwise common, run-of-the-mill illegal activity that has been committed many many times in the past with good and righteous fiat currency.

The bitcoin is where all countries can send the trash news,all bad news will be turned to bitcoin,instead they put their fiat thats is what leads the ilegal stuffs,they wanna hit bitcoin making people just thing hey ,only that coin is being used to that things,our dollars,eur doesnt do that anymore they changed the way they work.... no one will really believe ,politicians still what fiat or bitcoin?Media are being paid to try to kill bitcoin with such news ,the fact is that fiat is the currency number one and there wont be any competitor being it use for good as for bad .

Altynbekova

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Of course it is used by illegal activities. But you dont know for what and that is the problem. You cant check anybody if he bought something crazy.
It hard to check what you bought with Bitcoin and that is the problem. But maybe it will change later in the future.

harizen

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Quote from: n0ne on March 08, 2016, 09:02:01 AM

Quote from: Betwrong on March 08, 2016, 08:00:47 AM

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

I hope that the usage of Bitcoin for illegal activities won't affect the adoption of this cryptocurrency. If it will then there will be no logic in this. Money, gold, knives and even simple cars are being used for illegal activities for many years and still we are using all of those things in everyday life.

That is not fair, but the growth of bitcoin will be really affected. All that you have quoted is in its physical form. Our bitcoin is in its digital form.

Just ride and so be it. We can't control that and even bitcoin is associated in illegal activities because of people, still it can't stop from other people to use it. Besides the good activities are much dominating than those illegal activities associated in bitcoin.

Junko

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Of course bitcoin is being used for illegal activities. And as has been pointed out, fiat is used for illegal activities also.

The difference between bitcoin and fiat being used for illegal activities other than the fact that fiat is used more so for illegal activities, is that the press and media actually blame and demonize bitcoin for the illegal activity. Why? Because that's what sells and brings in the ad revenue. Every day there are hundreds, if not thousands of illegal activity uncovered using fiat currency, but who really cares unless there's some compelling, enthralling, captivating story to it?

However, if it is some illegal activity involving bitcoin, then BOOM! Instant headlines. Bitcoin + [insert whatever illegal activity here] Read/watch more to find out how evil and terrible bitcoin is because it was used for this otherwise common, run-of-the-mill illegal activity that has been committed many many times in the past with good and righteous fiat currency.

knowhow

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Well being bitcoin or fiat ilegal activities will always be present as the news like to report always the bad place or only the bad news we dont see anyone saying bitcoin has made some people rich,crypto world has xxx ammount of money invested at it,soo if its ilegal well they have the record of this activity that is trading and paying for something with crypto world,without left a single name .

LoyceV

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Try to name one thing that isn't being used for illegal activities..... I think it's really hard to think of something, as almost everything can be used illegally.
Guns, knifes, hammer, saws, tape, bricks, cars, etc. etc. are all used for illegal activities on a massive scale. That doesn't mean that hurts them in the long run, it just means a larger demand than if it would only be used for legal activities.

To compare: Every British bank note is contaminated by cocaine within weeks of entering circulation

n0ne

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Quote from: Betwrong on March 08, 2016, 08:00:47 AM

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

I hope that the usage of Bitcoin for illegal activities won't affect the adoption of this cryptocurrency. If it will then there will be no logic in this. Money, gold, knives and even simple cars are being used for illegal activities for many years and still we are using all of those things in everyday life.

That is not fair, but the growth of bitcoin will be really affected. All that you have quoted is in its physical form. Our bitcoin is in its digital form.

Betwrong

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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

I hope that the usage of Bitcoin for illegal activities won't affect the adoption of this cryptocurrency. If it will then there will be no logic in this. Money, gold, knives and even simple cars are being used for illegal activities for many years and still we are using all of those things in everyday life.

peta4e

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Quote from: nejibens on March 08, 2016, 07:38:19 AM

Quote from: tommorisonwebdesign on March 08, 2016, 07:34:49 AM

The whole notion that Bitcoin is being used for criminal activity is just a way for the bankers to keep their grip on the world economy. They see Bitcoin as a threat so they run PR talking about all the faults about Bitcoin. Luckily enough, the price is on the rise.

Agree with you . Already cash and fiat is a used for illegal activities a lot more than Bitcoins nowadays.

Yeah, and I think not only bitcoin but all the currencies are used for criminal and illegal activities, then whey people are focusing only on bitcoins, and I think that fiat is used more by terrorists and criminals as they are dealing with it since a longer period of time.

nejibens

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Quote from: tommorisonwebdesign on March 08, 2016, 07:34:49 AM

The whole notion that Bitcoin is being used for criminal activity is just a way for the bankers to keep their grip on the world economy. They see Bitcoin as a threat so they run PR talking about all the faults about Bitcoin. Luckily enough, the price is on the rise.

Agree with you . Already cash and fiat is a used for illegal activities a lot more than Bitcoins nowadays.

tommorisonwebdesign

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The whole notion that Bitcoin is being used for criminal activity is just a way for the bankers to keep their grip on the world economy. They see Bitcoin as a threat so they run PR talking about all the faults about Bitcoin. Luckily enough, the price is on the rise.

poptok1

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Bobby Fischer was right

Im sure it is. Why not? Its a form of money, as old the world is money where
used to promote, sutain and profit from criminal acitivities.
Huge suprise for me would be if no one on this god forsaken planet, would use
bitcoins to buy, sell, sponsor something that is not legal.
That is how things work, we will find the rats where the food is.

rio3233

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I think yes, but we don't know what kind of illegal activites is that. I think it's like money loundry, online money is easily to be a money loundry crime.

MaritiJames3

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Its used for illegal activities but think about the fact is not almost every currency used with criminal activities.
I do not think the bitcoin will come in trouble because of that if I'm honest.

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