Is bitcoin being used for illegal activities - page 111.

Newcoins2020

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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. When such restrictions get released illegal use of Bitcoin will also reduce

Yes but the problem with bitcoin is criminals find it easy to easy bitcoins for their criminals activities. This is picked up by the press very easily which gives bitcoin a bad name.
This is unfair since criminals also use dollar/euro yen for their criminals ventures.

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Bitcoin is used illegally in most countries. Many countries has restricted the use of Bitcoin. When such restrictions get released illegal use of Bitcoin will also reduce

Sengoko

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Of course bitcoin is being used for some illegal activities and silk road and the ones after it prove that, I don't like that either but criminals use every currency like USD as well.

avikz

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Every great invention has it's own advantages and disadvantages as well. So as Bitcoin. It is one of the biggest inventions of this century which changed the financial world and it's outlook.

So I am not surprised that it is being used for some illegal activities. But, as long as we are not indulging ourselves in to any illegal things, no one can drag us to jail.

just be cool and keep accumulating bitcoin just the way you are doing, rest time will tell.

Lutzow

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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.

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Quote from: Lauda on February 06, 2016, 07:29:14 AM

Let me put it this way: I'd argue that if Bitcoin could not be used for illegal activities, that it isn't a currency. (A.A.); Additionally people fail to realize that the currency used for the most evil is currently the dollar ($). One could also argue that this reduces the number of stabbings and whatnot. The money that they are printing is the root of all evil and they are just trying to manipulate the sheep to not think for themselves.

I would have to agree with this argument. If we couldn't use bitcoin in any way we seen fit, then it wouldn't be anything special. I mean, it seems to me that bitcoin was conceived so that we could have more control over how we spend our own money. And, if anything, bitcoin reduces violent crime because it limits the number of face to face cash transactions which many times leads to violence in black market exchanges.

justdimin

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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.

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Quote from: BeGoods on February 28, 2016, 02:40:21 AM

Quote from: lixer on February 28, 2016, 02:19:25 AM

It is very unfortunate when US dollar is also being used for illegal activity but online bitcoin is blamed.
Anything that has to do with purchasing products and services is something that can be utilized to do illegal work.
why Bitcoin is to be blame every time for illegal activity and not any other currency?

universally bitcoin is possible to be used illegally. so the perspective of many people assume that bitcoin, is a nest of criminals, many people who wash and embezzling money in bitcoin, that's what I heard on the news tv

Absolutely, the bitcoin can be used in illegal activities. But the fiat including the USD is used much more than bitcoin in those activities.

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Quote from: lixer on February 28, 2016, 02:19:25 AM

It is very unfortunate when US dollar is also being used for illegal activity but online bitcoin is blamed.
Anything that has to do with purchasing products and services is something that can be utilized to do illegal work.
why Bitcoin is to be blame every time for illegal activity and not any other currency?

universally bitcoin is possible to be used illegally. so the perspective of many people assume that bitcoin, is a nest of criminals, many people who wash and embezzling money in bitcoin, that's what I heard on the news tv

lixer

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It is very unfortunate when US dollar is also being used for illegal activity but online bitcoin is blamed.
Anything that has to do with purchasing products and services is something that can be utilized to do illegal work.
why Bitcoin is to be blame every time for illegal activity and not any other currency?

n0ne

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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.

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Quote from: justspare on February 26, 2016, 04:44:37 PM

Quote from: CryptoBjorn on February 26, 2016, 04:42:49 PM

Yes it get used for illegal activities but every currency is getting used my criminals and bad people so I think its not a big problem if you ask me, every currency is getting used for it.
The only thing that is maybe a bit easier for the criminals is that its untraceable of course.

I know that every currency is used for illegal acts, but it seems to really hit hard when it comes to Bitcoin.

Bitcoin is always where the media is pointing their dirty fingers at when it comes to hacks, ransom, and so on. It's always the same and it probably won't stop. The only thing is that we as bitcoiners can forget and ignore the stupid actions of the media, but the average people take everything the media says very serious. It's ridiculous.

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Quote from: CryptoBjorn on February 26, 2016, 04:42:49 PM

Yes it get used for illegal activities but every currency is getting used my criminals and bad people so I think its not a big problem if you ask me, every currency is getting used for it.
The only thing that is maybe a bit easier for the criminals is that its untraceable of course.

I know that every currency is used for illegal acts, but it seems to really hit hard when it comes to Bitcoin.

CryptoBjorn

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Yes it get used for illegal activities but every currency is getting used my criminals and bad people so I think its not a big problem if you ask me, every currency is getting used for it.
The only thing that is maybe a bit easier for the criminals is that its untraceable of course.

justspare

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With any currency that is released, there are always going to be people that use it for illegal activities.

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Would imagine any future crypto currency will have safe guards in play that would keep it from being used in a manner that
can not be traced. Bitcoin will most likely be the only currency with this unique feature because government loves control.

Currency can also be anything in illegal terms. Drugs for guns for example.

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Quote from: mixan on February 25, 2016, 04:46:59 AM

Some countries consider online gambling as illegal activity.
So yes, it is in those regards. But that is the beauty of being online. You can use a vpn to not be in those countries while doing those activities, so it is like you are not even in those countries that ban it.

Yes. On my country, Online Gambling is illegal.. But i think most illegal of bitcoin at here is anonymous coins. So buy smt like that : gun, drugs,...

=> Illegal more at my country! But our goverment don't ban it, they only notice us about BTC!

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Quote from: bitgolden on February 26, 2016, 01:23:01 PM

Quote from: ereborltc on February 26, 2016, 03:35:55 AM

It is normal. Fiat is still the popular instruments for illegal activities. Why do we still accuse bitcoin? But with bitcoin you have to be smart otherwise you can be caught.

You are right. All currency are getting used in illegal activities. That don't effect currency's image and all the currencies are being used daily for all the activities. I think bitcoin will grow on it's own pace regardless of anything related to this.

Every form of technology features additional illicit use cases. Casting iron ... yielding swords. There is no way back into the stone age, and rumor has it that era has been a sucker on medical aid and care of the elderly.

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Country currency is also used for illegal activities. The government's problem with bitcoin is it's harder to tax.

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Quote from: ereborltc on February 26, 2016, 03:35:55 AM

It is normal. Fiat is still the popular instruments for illegal activities. Why do we still accuse bitcoin? But with bitcoin you have to be smart otherwise you can be caught.

You are right. All currency are getting used in illegal activities. That don't effect currency's image and all the currencies are being used daily for all the activities. I think bitcoin will grow on it's own pace regardless of anything related to this.

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