Is bitcoin being used for illegal activities - page 109.

eternalgloom

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Quote from: HostSurf on March 08, 2016, 05:28:39 AM

Quote from: uname on March 07, 2016, 06:04:35 PM

Quote from: Crazygreek on March 07, 2016, 05:24:04 PM

Lots of things are used for illegal activities. It does not mean something should not be used. Words and letters are also used for illegal activities by the way - terrorists are using them to communicate. So we should use them with care, maybe we are potential terrorists?

agree all used for illegal activities. weapons, social media, currency,
not only bitcoin. so it was very reasonable when others use bitcoin for illegal activities

Of course it will be used by illegal activities. That is pretty normal I think for Bitcoin. They must know that it happens.
You cant check with Bitcoin what you bought and that is why they use it and that is a huge problem.

Bitcoins are not entirely untracable, you can add as many layers of protection as you want, but one act of carelessness could render all those efforts useless.
Not wanting to give people ideas here, but there are altcoins that are better suited for those kinds of activities.

knowhow

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The same way in the past several people started ponzi schemes,hyip and were ilegal and stealing money from others around,with bitcoin sometimes it may damage the real concept that bitcoin has been made for,there are already a list of scams projects that took a large ammount of btc.

HostSurf

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Quote from: uname on March 07, 2016, 06:04:35 PM

Quote from: Crazygreek on March 07, 2016, 05:24:04 PM

Lots of things are used for illegal activities. It does not mean something should not be used. Words and letters are also used for illegal activities by the way - terrorists are using them to communicate. So we should use them with care, maybe we are potential terrorists?

agree all used for illegal activities. weapons, social media, currency,
not only bitcoin. so it was very reasonable when others use bitcoin for illegal activities

Of course it will be used by illegal activities. That is pretty normal I think for Bitcoin. They must know that it happens.
You cant check with Bitcoin what you bought and that is why they use it and that is a huge problem.

numismatist

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Quote from: owm123 on March 07, 2016, 04:39:22 PM

They wont use Monero or Dash or anything. They have much poorer liquidity than Bitcoin. There are no Localmoneros to get it from cash, only few USA-based exchanges deal with monero, xmr.to has limit of 1 or 2 btc for transfer. Monero is far from ready to be used for some serious transactions.

Only one exchange factually, which is KYC/AML conform. The vast opposite of privacy. The implementation is imperfect, lacking I2P to cover one's ~~ass~~IP.

RealPhotoshoper

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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

its hurt for bitcoin,for us and for developer,we ll being harder to introducing bitcoin to general people,they will see bitcoin as illegal payment for illegal activity,but we can't deny it,so many people start using bitcoin for gambling,porn,terrorist,which it illegal in some country.

uname

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Quote from: Crazygreek on March 07, 2016, 05:24:04 PM

Lots of things are used for illegal activities. It does not mean something should not be used. Words and letters are also used for illegal activities by the way - terrorists are using them to communicate. So we should use them with care, maybe we are potential terrorists?

agree all used for illegal activities. weapons, social media, currency,
not only bitcoin. so it was very reasonable when others use bitcoin for illegal activities

BitHodler

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Quote from: TippingPoint on March 07, 2016, 03:09:45 PM

Cash is being used for illegal activities, by the truckload.

Sure but Bitcoin is the one that is being hammered down all the time. Unfair but hard reality.

Crazygreek

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Lots of things are used for illegal activities. It does not mean something should not be used. Words and letters are also used for illegal activities by the way - terrorists are using them to communicate. So we should use them with care, maybe we are potential terrorists?

cameltoe

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I find it fascinating that this question even comes up. Anything of value can be use to trade for goods or services that is illegal. Bitcoins is not the problem, it's the criminals who use it. Heck, if they could trade onions for some blow they probably would.

owm123

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Quote from: Zacudis on March 07, 2016, 01:58:45 PM

Quote from: owm123 on March 06, 2016, 10:50:25 PM

Quote from: ronaldinho_07 on March 06, 2016, 02:55:05 PM

Well we know that bitcoin is anonymous but our adress as our ip stays with it soo isnt soo anonymous,besides those the ilegal activities who is leading is fiat ,sure some people may be using bitcoin but i doubt ,the big organizations use fiat since they born ,they make the money clean on their ways why to go into a crypto coin with such fluctuation risking their profit into it no way.

Unfortunately, Bitcoin is not anonymous: http://www.bitcoinisnotanonymous.com/
It is pseudo-anonymous. And IP can be easily hidden through tor. Thus, any half-intelligent criminal would know what to do to make his/her transactions more anonymous, than they normally are.

A smart criminal will not use bitcoin. He will use Monero. That is totally different from bitcoin, it is truely anonymous.

They wont use Monero or Dash or anything. They have much poorer liquidity than Bitcoin. There are no Localmoneros to get it from cash, only few USA-based exchanges deal with monero, xmr.to has limit of 1 or 2 btc for transfer. Monero is far from ready to be used for some serious transactions.

kingaltcoins

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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

Criminal can use anything to fulfill their desires. Does that mean you will blame the thing involved in question?

They use cars, knives etc., so will they be banned for it?
I guess you got it by now.

TippingPoint

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Cash is being used for illegal activities, by the truckload.

Zacudis

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Quote from: owm123 on March 06, 2016, 10:50:25 PM

Quote from: ronaldinho_07 on March 06, 2016, 02:55:05 PM

Well we know that bitcoin is anonymous but our adress as our ip stays with it soo isnt soo anonymous,besides those the ilegal activities who is leading is fiat ,sure some people may be using bitcoin but i doubt ,the big organizations use fiat since they born ,they make the money clean on their ways why to go into a crypto coin with such fluctuation risking their profit into it no way.

Unfortunately, Bitcoin is not anonymous: http://www.bitcoinisnotanonymous.com/
It is pseudo-anonymous. And IP can be easily hidden through tor. Thus, any half-intelligent criminal would know what to do to make his/her transactions more anonymous, than they normally are.

A smart criminal will not use bitcoin. He will use Monero. That is totally different from bitcoin, it is truely anonymous.

owm123

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Quote from: ronaldinho_07 on March 06, 2016, 02:55:05 PM

Well we know that bitcoin is anonymous but our adress as our ip stays with it soo isnt soo anonymous,besides those the ilegal activities who is leading is fiat ,sure some people may be using bitcoin but i doubt ,the big organizations use fiat since they born ,they make the money clean on their ways why to go into a crypto coin with such fluctuation risking their profit into it no way.

Unfortunately, Bitcoin is not anonymous: http://www.bitcoinisnotanonymous.com/
It is pseudo-anonymous. And IP can be easily hidden through tor. Thus, any half-intelligent criminal would know what to do to make his/her transactions more anonymous, than they normally are.

ronaldinho_07

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Well we know that bitcoin is anonymous but our adress as our ip stays with it soo isnt soo anonymous,besides those the ilegal activities who is leading is fiat ,sure some people may be using bitcoin but i doubt ,the big organizations use fiat since they born ,they make the money clean on their ways why to go into a crypto coin with such fluctuation risking their profit into it no way.

MyBTT

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Quote from: Bitcotalk on March 05, 2016, 04:40:50 PM

Everyone is repeating the same answer that criminals are using every currency for crimes, with their modified words.
The reason of this thread is that the transaction of bitcoin is anonymous which hides he transactor from other people, which provide an opportunity to the criminals to use it.
So the OP is asking about that , and he may need the technical answer for his question.

Well than maybe you should give us a better answer instead of just dissing everyone else and signature campaign spamming.

lexuz

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Me, myself and I

not at all, but some people use for crime transaction this why many countries give attention to not use bitcoin if this problem clear. i'm sure government will give permission to use bitcoin maybe all countries will accept bitcoin as a new currency.

Amadues

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Quote from: Bitcotalk on March 05, 2016, 05:02:49 PM

Quote from: Amadues on March 05, 2016, 04:46:22 PM

Quote from: Bitcotalk on March 05, 2016, 04:40:50 PM

Everyone is repeating the same answer that criminals are using every currency for crimes, with their modified words.
The reason of this thread is that the transaction of bitcoin is anonymous which hides he transactor from other people, which provide an opportunity to the criminals to use it.
So the OP is asking about that , and he may need the technical answer for his question.

Yes criminal use btc but they are skeptic for high price change, and other matters involved during the exchange (how trust another criminal Cheesy

?)
Obviously "little gang" doesn't get involved in the really btc advantage (likewise move funds, recycle and so ...)

I think their purpose for using it is to buy illegal materials with it, like buying weapons, drugs etc. as it is anonymous to send to anyone so so no one will know that from whom that money has came and who is being using that materials which are purchased with that money. So in this way the criminals are getting benefited from bitcoin.

You can mask profit from crime, move funds, for what I know in the real life people love cash and not btc...
And in such days of tx delayed, how to deal with a criminal ?

Bitcotalk

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Quote from: Amadues on March 05, 2016, 04:46:22 PM

Quote from: Bitcotalk on March 05, 2016, 04:40:50 PM

Everyone is repeating the same answer that criminals are using every currency for crimes, with their modified words.
The reason of this thread is that the transaction of bitcoin is anonymous which hides he transactor from other people, which provide an opportunity to the criminals to use it.
So the OP is asking about that , and he may need the technical answer for his question.

Yes criminal use btc but they are skeptic for high price change, and other matters involved during the exchange (how trust another criminal Cheesy

?)
Obviously "little gang" doesn't get involved in the really btc advantage (likewise move funds, recycle and so ...)

I think their purpose for using it is to buy illegal materials with it, like buying weapons, drugs etc. as it is anonymous to send to anyone so so no one will know that from whom that money has came and who is being using that materials which are purchased with that money. So in this way the criminals are getting benefited from bitcoin.

Anddos

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Well, to be honest, I think no self respecting criminal would ever use bitcoin. I think they are respectful towards the bitcoin and treat it with the respect it deserves.

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