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Topic: Is bitcoin being used for illegal activities - page 11. (Read 139750 times)

full member
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Those who are engaging on illegal activities by the use of bitcoin they are just putting themselves in danger. Bitcoin will having a negative mark regarding that once their government knows about it and for sure it is highly possible to ban btc in their country by the government.

Physical cash is the most common medium for purchasing hard drugs, firearms and other contraband in many of the countries. Did that lead to the banning of physical cash by the governments?

Physical cash is the one that has got acceptance among most of the services. But now most of the advancing users prefer bitcoin, because of its high security than fiat. Few months back a team of hackers collapsed entire management operations of a hospital and demanded pay in terms of bitcoin to resolve it. So based upon the users need and accessibility they choose fiat and bitcoin for illegal activities.
Yes, physical cash is liked and accepted everywhere, but it is pretty hard to transfer it if you are living at another country or another state.
Bitcoin is pretty easy if you take in consideration that you can transfer money in less then a couple of minutes to the other side of the world, with a pretty low fee considering the fees that the bank are charging you for a transfer.
sr. member
Activity: 378
Merit: 250
BULL RUN until 2030
Those who are engaging on illegal activities by the use of bitcoin they are just putting themselves in danger. Bitcoin will having a negative mark regarding that once their government knows about it and for sure it is highly possible to ban btc in their country by the government.

Physical cash is the most common medium for purchasing hard drugs, firearms and other contraband in many of the countries. Did that lead to the banning of physical cash by the governments?

Physical cash is the one that has got acceptance among most of the services. But now most of the advancing users prefer bitcoin, because of its high security than fiat. Few months back a team of hackers collapsed entire management operations of a hospital and demanded pay in terms of bitcoin to resolve it. So based upon the users need and accessibility they choose fiat and bitcoin for illegal activities.
On advanced users bitcoins will surely in demand but for traditional ways fiat will be considered still. Thats not always the case because using such situations doesnt mean it will increase the awareness into bitcoin even they demanded for bitcoin payments but we could really say that bitcoin could be used on illegal activities and asking it to anybody doesnt inlcude.
No question with that as there are still people who only live a simple life, they do not care about bitcoin what they want is just to survive. have food on daily basis and they are contented, most of the users of bitcoin are business minded and only few of the people have that kind of thinking as most of us are consumers.
legendary
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Those who are engaging on illegal activities by the use of bitcoin they are just putting themselves in danger. Bitcoin will having a negative mark regarding that once their government knows about it and for sure it is highly possible to ban btc in their country by the government.

Physical cash is the most common medium for purchasing hard drugs, firearms and other contraband in many of the countries. Did that lead to the banning of physical cash by the governments?

Physical cash is the one that has got acceptance among most of the services. But now most of the advancing users prefer bitcoin, because of its high security than fiat. Few months back a team of hackers collapsed entire management operations of a hospital and demanded pay in terms of bitcoin to resolve it. So based upon the users need and accessibility they choose fiat and bitcoin for illegal activities.
On advanced users bitcoins will surely in demand but for traditional ways fiat will be considered still. Thats not always the case because using such situations doesnt mean it will increase the awareness into bitcoin even they demanded for bitcoin payments but we could really say that bitcoin could be used on illegal activities and asking it to anybody doesnt inlcude.
legendary
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Those who are engaging on illegal activities by the use of bitcoin they are just putting themselves in danger. Bitcoin will having a negative mark regarding that once their government knows about it and for sure it is highly possible to ban btc in their country by the government.

Physical cash is the most common medium for purchasing hard drugs, firearms and other contraband in many of the countries. Did that lead to the banning of physical cash by the governments?

Physical cash is the one that has got acceptance among most of the services. But now most of the advancing users prefer bitcoin, because of its high security than fiat. Few months back a team of hackers collapsed entire management operations of a hospital and demanded pay in terms of bitcoin to resolve it. So based upon the users need and accessibility they choose fiat and bitcoin for illegal activities.
hero member
Activity: 2884
Merit: 794
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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

Any currency is used for illegal activities.Bitcoin is used for this as well.

I don`t see a problem here.This might hurt bitcoin reputation, but a don`t see any major damage.
The ones hurting bitcoin reputation is the media, banks and governments, since its very obvious anything can be used for good and evil, bitcoin is only a tool, but since the powerful don't control it they cannot allow it to thrive or they could lose a chunk of their power.
hero member
Activity: 3164
Merit: 937
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

Any currency is used for illegal activities.Bitcoin is used for this as well.

I don`t see a problem here.This might hurt bitcoin reputation, but a don`t see any major damage.
hero member
Activity: 756
Merit: 501
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

Bitcoin is used in illegal fields but really it is a part of every currency, not just BTC. For example credit cards are being used for stolen credit cards. Cash is being used to buy drugs off the street or paying for illegal prostitution.

Paypal is used to chargeback scams. Bitcoin is just another currency.
Exactly, it's always the decision of the user on how he is going to spend his bitcoins, if he chooses to use it for illegal activities then it's up to him. We can't control him but he helps to increase the circulation of bitcoin so in general we have to be thankful to these people.
Paypal is used to chargeback scams? Are you sure about that, paypal does protect the buyer for 90 days after the purchase, and you can dispute the transaction in those period, meaning you can use the product and then be refunded by paypal,anyway its insane. Bitcoin can be used for legal as ilegal transactions, soo isnt any surprise bitcoin bad use.
sr. member
Activity: 476
Merit: 254
Anything can be used for illegal activities even water. The heart of men is full of evil. Sometimes, I just begin to imagine how someone will just wake up and everything he could think of is do evil. The FIAT we all use in our respective countries, which can even be traced people used it for illegal activities not to talk of a currency that is to a large extent untraceable. But what actually bothers me is the tag that will be labelled on the users of the currency including me.
hero member
Activity: 532
Merit: 500
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

Bitcoin is used in illegal fields but really it is a part of every currency, not just BTC. For example credit cards are being used for stolen credit cards. Cash is being used to buy drugs off the street or paying for illegal prostitution.

Paypal is used to chargeback scams. Bitcoin is just another currency.
Exactly, it's always the decision of the user on how he is going to spend his bitcoins, if he chooses to use it for illegal activities then it's up to him. We can't control him but he helps to increase the circulation of bitcoin so in general we have to be thankful to these people.
I agree with you anyway the whole people will not know what people are doing with their bitcoin, because every transaction will always be anonymous you will not know the transaction was for what and from whom, so I do not think it needs to be made as a matter
sr. member
Activity: 358
Merit: 254
void
bitcoin between all available coins is actually not a good option to use @ illegal activities
it is pseudonymous and easy to link with user identity ,and there is the scary immutable
public ledger called 'blockchain' at the top .
i think if i was to do illegal activities with digital currencies probably i go with other than
bitcoin , some of altcoins provide way better properties useful for criminals.
of course where is money flows , crime is present  Smiley

sr. member
Activity: 476
Merit: 250
Those who are engaging on illegal activities by the use of bitcoin they are just putting themselves in danger. Bitcoin will having a negative mark regarding that once their government knows about it and for sure it is highly possible to ban btc in their country by the government.
nope if someone knows how to work and he knows how bitcoin is not visible to utilize many ways such as mixers, I'm sure anonymously on bitcoin to hide them from the government, I think it's not a problem to use bitcoin for anything
legendary
Activity: 1470
Merit: 1002
Those who are engaging on illegal activities by the use of bitcoin they are just putting themselves in danger. Bitcoin will having a negative mark regarding that once their government knows about it and for sure it is highly possible to ban btc in their country by the government.

Physical cash is the most common medium for purchasing hard drugs, firearms and other contraband in many of the countries. Did that lead to the banning of physical cash by the governments?

btc has been made popular by illegal drugs in the first place and that is why now so many people start to know of it. Although it has a bad start, it is the system that btc has makes it popular from then onwards. The system is very useful if it can be used correctly and a lot of government know that. That is why they dont ban btc but at the same time study on how to use it effectively.
sr. member
Activity: 672
Merit: 250
Those who are engaging on illegal activities by the use of bitcoin they are just putting themselves in danger. Bitcoin will having a negative mark regarding that once their government knows about it and for sure it is highly possible to ban btc in their country by the government.

The ones who use bitcoin for illegal activities most probably do not care for its reputation at all, because if they do then they would never use it for bad activities even after knowing that it can make it banned in the country because of that.
legendary
Activity: 3346
Merit: 1352
Leading Crypto Sports Betting & Casino Platform
Those who are engaging on illegal activities by the use of bitcoin they are just putting themselves in danger. Bitcoin will having a negative mark regarding that once their government knows about it and for sure it is highly possible to ban btc in their country by the government.

Physical cash is the most common medium for purchasing hard drugs, firearms and other contraband in many of the countries. Did that lead to the banning of physical cash by the governments?
hero member
Activity: 2464
Merit: 594
Those who are engaging on illegal activities by the use of bitcoin they are just putting themselves in danger. Bitcoin will having a negative mark regarding that once their government knows about it and for sure it is highly possible to ban btc in their country by the government.
hero member
Activity: 952
Merit: 500
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

Bitcoin is used in illegal fields but really it is a part of every currency, not just BTC. For example credit cards are being used for stolen credit cards. Cash is being used to buy drugs off the street or paying for illegal prostitution.

Paypal is used to chargeback scams. Bitcoin is just another currency.
Exactly, it's always the decision of the user on how he is going to spend his bitcoins, if he chooses to use it for illegal activities then it's up to him. We can't control him but he helps to increase the circulation of bitcoin so in general we have to be thankful to these people.
hero member
Activity: 644
Merit: 501
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

Bitcoin is used in illegal fields but really it is a part of every currency, not just BTC. For example credit cards are being used for stolen credit cards. Cash is being used to buy drugs off the street or paying for illegal prostitution.

Paypal is used to chargeback scams. Bitcoin is just another currency.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
Every innovation or technology has two sides, one is positive and another one is negative. Bitcoin is a revolutionary technology and certainly being used for illegal means. But that does not discourage people to earn bitcoin for good means. If I am providing a programming service to others and earning bitcoin through it, Then I am nothing doing wrong.

So people should not be discouraged by the illegal use of bitcoin, instead embrace it more so that we all can enjoy the benefits of it.
Bitcoin has more of a positive than a negative and big investors sees that which resulted to higher price of bitcoin. They see something for the future of bitcoin and that is something we have to notice and follow their lead. If they can hold, then why can't we?
legendary
Activity: 3080
Merit: 1500
Every innovation or technology has two sides, one is positive and another one is negative. Bitcoin is a revolutionary technology and certainly being used for illegal means. But that does not discourage people to earn bitcoin for good means. If I am providing a programming service to others and earning bitcoin through it, Then I am nothing doing wrong.

So people should not be discouraged by the illegal use of bitcoin, instead embrace it more so that we all can enjoy the benefits of it.
legendary
Activity: 3080
Merit: 1292
Hhampuz for Campaign management
yes when bitcoin was first launched it spreaded like a virus into the whole underworld where it has the complete place for all type of illigal activities and more but thats not truly our point. tor nretwork has many sites running and most ofvthem accepts bitcoin as payment
I think we shout admit the fact that bitcoin is mostly use for good purposes, and may be a little number of bad people using it for illegal activities just like other fiat currency, I think we should always look to the good aspect of everything.
I think we do not need to think about other people's negativ. moreover bitcoin transactions are anonymous and no one knows about the destination on your bitcoin transactions, so it is illegal or not, it does not matter

there is a bad and good thing in every bitcoin transaction, even its for illegal activities and we agree for that. all this thing its because bitcoin is anonymous, then people thinking better to pay with bitcoin to make good or bad activities or make an illegal transaction, but unfortunately we don't know about this, we only know that in blockchain, there is many transaction from small until big amount.
We will not know because in the first place we are not interested to know it. We are not cops anyway we have our own business online, and in my case I just gamble online and I don't know it it's illegal or not.
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