Is bitcoin being used for illegal activities - page 110.

Amadues

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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.

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 ...)

Bitcotalk

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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.

MyBTT

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All currencies are used for illegal activities. So the answer to your question is yes, but along with all the other currencies out there.

LarryHocks

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Quote from: jethrorn99 on March 05, 2016, 11:51:47 AM

Every currency in the world is used for illegal activities.

Dollar, Euro, Pounds, BTC, you name it. It's used for buying drugs etc.

Yeah bitcoin don't has a monopoly. Criminals will use anything they can grap their hands on too to make money.
People blame bitcoin for on reason.

jethrorn99

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Every currency in the world is used for illegal activities.

Dollar, Euro, Pounds, BTC, you name it. It's used for buying drugs etc.

Kollor

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Yes, we might not see it, as we cannot see who is using bitcoin, but for sure there are people who are using bitcoin like money to fund their illegal activity...maybe some people are keeping their money asset as bitcoin to make sure that government won't see it... but definitely it won't hurt bitcoin...

MTBTT

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Quote from: justdimin on March 02, 2016, 01:27:38 AM

Yes to be honest many people are unfortunately using Bitcoins in wrong activities, but we have to live with it. See if something has benefits then surely it was some limitations also. Like brain can be used to make a bomb but can also be used to develop a social tool.

hmm. are you already seen that someone using bitcoin to illegal activity, I've never heard someone corrupt. steal money in bitcoin

Anddos

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Quote from: CryptoBjorn on March 04, 2016, 05:15:25 PM

Quote from: ekoice on March 04, 2016, 11:27:46 AM

Quote from: Lutzow on March 02, 2016, 02:19:02 AM

Bitcoin is just like any other currencies out there so yes it can be used for illegal activities just like how syndicates are using FIAT the same way.

Since Bit coin can be used like any other currency for purchasing so it seem's difficult to control it and some people may use it for wrong ways so I think it is good to find out some way to control this as well and would be preferable to manage bit coin to use it only for good and positive ways and this will gain lot of respect for bit coin as well.

Well yeah bitcoin is used in illegal deals. So is the dollar.
It's not something criminals do exlcusive with bitcoin. Blaming such on bitcoin is just wrong.

Find me a currency that isn't used for illegal activities.

CryptoBjorn

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Quote from: ekoice on March 04, 2016, 11:27:46 AM

Quote from: Lutzow on March 02, 2016, 02:19:02 AM

Bitcoin is just like any other currencies out there so yes it can be used for illegal activities just like how syndicates are using FIAT the same way.

Since Bit coin can be used like any other currency for purchasing so it seem's difficult to control it and some people may use it for wrong ways so I think it is good to find out some way to control this as well and would be preferable to manage bit coin to use it only for good and positive ways and this will gain lot of respect for bit coin as well.

Well yeah bitcoin is used in illegal deals. So is the dollar.
It's not something criminals do exlcusive with bitcoin. Blaming such on bitcoin is just wrong.

ekoice

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Quote from: Lutzow on March 02, 2016, 02:19:02 AM

Bitcoin is just like any other currencies out there so yes it can be used for illegal activities just like how syndicates are using FIAT the same way.

Since Bit coin can be used like any other currency for purchasing so it seem's difficult to control it and some people may use it for wrong ways so I think it is good to find out some way to control this as well and would be preferable to manage bit coin to use it only for good and positive ways and this will gain lot of respect for bit coin as well.

DeDordtenaar

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Quote from: azeminjo09 on March 04, 2016, 09:21:46 AM

Sure it is used for illegal activities.. it is almost untraceable..
but still I watched deep net news on youtube, and it says drug traffic (mostly in Russia) keep expanding using this dark web things..

reportedly confusing. I think they do not use bitcoin. bitcoin is still very foreign to them. they may even not know about bitcoin. for drugs, usually the transaction is face to face man!

ronaldinho_07

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Well bitcoin and fiat for sure being used to ilegal activities soo why just to point bitcoin,before it fiat were used now they can use bitcoin and hide their face,to police maybe harder to find them,but some ilegal things are to make damage to others soo i believe this question isnt right at all as fiat and bitcoin both being used to things ilegal.

Lauda

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Quote from: azeminjo09 on March 04, 2016, 09:21:46 AM

Sure it is used for illegal activities.. it is almost untraceable..

Saying that a publicly stored ledger is 'almost untraceable' makes no sense. This is why it is rather recommended to use a new address for each TX.

Quote from: azeminjo09 on March 04, 2016, 09:21:46 AM

but still I watched deep net news on youtube, and it says drug traffic (mostly in Russia) keep expanding using this dark web things..

There is no problem in that. Not only has the quality of the drugs improved, it is much safer for people to transact this way. People would do these trades anyways; the whole war on drugs is pointless.

azeminjo09

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Sure it is used for illegal activities.. it is almost untraceable..
but still I watched deep net news on youtube, and it says drug traffic (mostly in Russia) keep expanding using this dark web things..

Lauda

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Quote from: owm123 on March 04, 2016, 08:03:08 AM

Quote from: jethrorn99 on March 04, 2016, 06:00:06 AM

Bitcoin is used since it's more anonymous than fiats (or using banks)

Thats not true.

While it isn't more anonymous than using cash, it definitely is than using banks and similar methods. You can acquire Bitcoin and spend it without giving away a single piece of information about yourself.

Quote from: Neptunium on March 04, 2016, 06:44:05 AM

Something anonymous always has the potential of being used for illegal purposes.

Bitcoin is pseudo-anonymous.

Quote from: romero121 on March 04, 2016, 05:29:35 AM

Bitcoin is used illegally in most countries. Many countries has restricted the use of Bitcoin.

This is just false. Most of the countries don't have anything against Bitcoin (only few have imposed some restrictions/bans).

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Quote from: n0ne on February 26, 2016, 08:12:17 PM

Each and every day a huge transaction is taking place through bitcoin for illegal activities.
These doesn't mean bitcoin support it, but the technology gives a way that's it. If we
try to solve this the major key of the programs needs to be rewritten which is not
possible as it is studied and verified as flawless.

we are not capable of stopping people do illegal transactions. even we can give suggestions, it will be back to them. do the suggestion or run their own way

owm123

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Quote from: jethrorn99 on March 04, 2016, 06:00:06 AM

There's no currency that isn't used for illegal activities.

Bitcoin is used since it's more anonymous than fiats (or using banks)

Thats not true. I recommend reading the book: "How to be Anonymous Online: Step-by-Step Anonymity with Tor, Tails, Bitcoin and Writeprints" especially section titled "Bitcoin is NOT Anonymous"

http://www.amazon.ca/How-Anonymous-Online-Step-Step-ebook/dp/B00BDVBGQC

Neptunium

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I don't think it will necessary harm bitcoin. Something anonymous always has the potential of being used for illegal purposes.

KiwiParty

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Well, at the moment it isnt used for those criminal activites which are commited by rich companies and organisations, like in the banking sector, investment banks, etc.
The gigantic big time fraud of 2008 took place before BTC was born.
Of course BTC allows criminals to take advantage of its features.
But this also is true for modern banking, electronic money and transactions.
The money does not need to be transferred physically anymore, this is one of the main reasons for using it for criminal activities.

jethrorn99

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There's no currency that isn't used for illegal activities.

Bitcoin is used since it's more anonymous than fiats (or using banks)

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