Is bitcoin being used for illegal activities - page 113.

hasiramasenju

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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

because use bitcoin is anonymous then bitcoin is easy to being used for illegal activities i said that because some time ago there are kidnappers in my country asked bitcoin as a ransom

bargainbin

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Quote from: Wobberdk on February 24, 2016, 09:20:27 AM

...
Isn't fiat money also used for illegal activities?
...

Sure. And fiat money would be banned too, if it wasn't mainly used for non-criminal activities.
Fluffy pillows aren't banned or tightly regulated. Because mainly used for headrests. But yeah, you can use them to smother people to death.
Hand grenades, OTOH, are tightly regulated. Can you figure out why that is?

Wobberdk

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I don't understand why is this so relevant.

Isn't fiat money also used for illegal activities?

What would people do? Ban fiat money?

Illegal activites are a commonplace. if, today, following the money is a tool to arrest perpetrators, we should find another way to find them instead of stoping a true world revolution because of the fear of bandits.

gilangIDR

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I think for some people it is bitcoin used for crime. I do not deny that bitcoin ease in conducting transactions can also be a weakness bitcoin itself.

Laosai

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Quote from: enhu on February 24, 2016, 04:45:26 AM

Quote from: Zacudis on February 23, 2016, 10:12:28 AM

Quote from: Hellacopter on February 23, 2016, 07:39:16 AM

I think many bad people or criminals use fiat and the other currencies often to make the illegal activities before the Bitcoin's create. So we can't accuse the bitcoin's currency to being used by some people for this illegal purposes

Even now, 6 years after the creation of bitcoin, US dollar is still the favourite of the criminals.

Bitcoin however makes it much safer for them to get caught and i mean if there is no fiat money involved in the crime there won't be any evidence of an exchange. i could be wrong about the law in US but yeah bitcoin increases the ways of how to make their transactions easy. Online criminals like scamming and extorting are common due to bitcoin.

Exactly but what's special about btc used for illegal activities is that I'm more or less sure that it works in both ways. I'm sure price is greatly backed by illegal activities!!!

diodio5

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Quote from: Zacudis on February 23, 2016, 10:12:28 AM

Quote from: Hellacopter on February 23, 2016, 07:39:16 AM

I think many bad people or criminals use fiat and the other currencies often to make the illegal activities before the Bitcoin's create. So we can't accuse the bitcoin's currency to being used by some people for this illegal purposes

Even now, 6 years after the creation of bitcoin, US dollar is still the favourite of the criminals.

I think almost all currencies have mafia or criminals. they use a variety of currencies to commit a crime. not only bitcoin. even i think dollars. has more illegal activity than bitcoin

bargainbin

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Quote from: Zacudis on February 23, 2016, 10:12:28 AM

Quote from: Hellacopter on February 23, 2016, 07:39:16 AM

I think many bad people or criminals use fiat and the other currencies often to make the illegal activities before the Bitcoin's create. So we can't accuse the bitcoin's currency to being used by some people for this illegal purposes

Even now, 6 years after the creation of bitcoin, US dollar is still the favourite of the criminals.

Well sure, that's like saying mansions, hookers & blow are still favorite with criminals. Criminals simply use Bitcoin to get at USD, just like they use USD to get at hookers & blow.
Caveat: Everyone uses real money, mostly criminals use BTC

enhu

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Quote from: Zacudis on February 23, 2016, 10:12:28 AM

Quote from: Hellacopter on February 23, 2016, 07:39:16 AM

I think many bad people or criminals use fiat and the other currencies often to make the illegal activities before the Bitcoin's create. So we can't accuse the bitcoin's currency to being used by some people for this illegal purposes

Even now, 6 years after the creation of bitcoin, US dollar is still the favourite of the criminals.

Bitcoin however makes it much safer for them to get caught and i mean if there is no fiat money involved in the crime there won't be any evidence of an exchange. i could be wrong about the law in US but yeah bitcoin increases the ways of how to make their transactions easy. Online criminals like scamming and extorting are common due to bitcoin.

Zacudis

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Quote from: Hellacopter on February 23, 2016, 07:39:16 AM

I think many bad people or criminals use fiat and the other currencies often to make the illegal activities before the Bitcoin's create. So we can't accuse the bitcoin's currency to being used by some people for this illegal purposes

Even now, 6 years after the creation of bitcoin, US dollar is still the favourite of the criminals.

Hellacopter

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I think many bad people or criminals use fiat and the other currencies often to make the illegal activities before the Bitcoin's create. So we can't accuse the bitcoin's currency to being used by some people for this illegal purposes

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Quote from: ?? on ??

Well so fiat money is also used for illegal transactions but the government does not prohibit fiat money. Cheesy

Criminals using bitcoin for illegal transactions is reasonable because if using bitcoin will be difficult to track who they are, bitcoin is very anonymously.

affirmative. wherever we are, there will be illegal activities. and I think, illegal transaction is not strong reason for government to do ban.

damiano

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Quote from: avw1982 on February 23, 2016, 07:25:48 AM

Quote from: Oscoda on February 23, 2016, 04:29:15 AM

Ofcourse it is. Bitcoin is the best method to pay some illegal stuff. And that is hard to predict when it is going to happen.
You cant see and control them when they pay something. So maybe it must be more secure or something.

Bitcoin is completely transperent when compare to other transaction method, If anyone the bitcoin address we can its all history dude. by that we can find the IP address as well. Then how Illegal people will use bitcoin. Its a kind of funny thing which you guys are revealing here.

You have totally lost me here? Yes all transactions are recorded for all to see and stays for future reference. So if I give you my address or I send you some Bitcoin you could then find my IP? Cheesy

Fancy a challenge/bet?

Every currency and thing of value since the dawn of time has been used for illegal activities and will continue to be in future. I thought that would be obvious. Bitcoin just happens to be the best at it so far, apart from people being able to find my IP through a transaction of course Tongue

DimensionZ

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Shit, did I leave the stove on?

If you can find the IP address then why do all the criminals prefer to extort bitcoins from the victims? Because they can conceal their tracks and appear to be based in a whole different country.

avw1982

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Quote from: Oscoda on February 23, 2016, 04:29:15 AM

Ofcourse it is. Bitcoin is the best method to pay some illegal stuff. And that is hard to predict when it is going to happen.
You cant see and control them when they pay something. So maybe it must be more secure or something.

Bitcoin is completely transperent when compare to other transaction method, If anyone the bitcoin address we can its all history dude. by that we can find the IP address as well. Then how Illegal people will use bitcoin. Its a kind of funny thing which you guys are revealing here.

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Quote from: recitestores on February 23, 2016, 06:54:57 AM

Quote from: OnTheMF on February 23, 2016, 06:11:30 AM

Quote from: recitestores on February 23, 2016, 04:31:24 AM

in the beginning of rise of bitcoin.
its being used.

I am not sure about any illegal activities is being used through bitcoins. but those who wants to make it happen they will try for it.

the scammer for example is using bitcoins for illegal Cool

Not only scammers, hackers are using bitcoin as the transaction means so to have them on the secure side. Recently only I came to know about it from a discussion topic posted in our forum.

recitestores

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Quote from: OnTheMF on February 23, 2016, 06:11:30 AM

Quote from: recitestores on February 23, 2016, 04:31:24 AM

in the beginning of rise of bitcoin.
its being used.

I am not sure about any illegal activities is being used through bitcoins. but those who wants to make it happen they will try for it.

the scammer for example is using bitcoins for illegal Cool

OnTheMF

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Quote from: recitestores on February 23, 2016, 04:31:24 AM

in the beginning of rise of bitcoin.
its being used.

I am not sure about any illegal activities is being used through bitcoins. but those who wants to make it happen they will try for it.

recitestores

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in the beginning of rise of bitcoin.
its being used.

Oscoda

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Ofcourse it is. Bitcoin is the best method to pay some illegal stuff. And that is hard to predict when it is going to happen.
You cant see and control them when they pay something. So maybe it must be more secure or something.

harizen

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Quote from: Zacudis on February 22, 2016, 06:19:32 AM

Quote from: eon89 on February 21, 2016, 08:56:35 PM

Everything that can be used is used for criminal activities. Bitcoin is not the first or the last.

I also have the same opinion. US dollar is the most widely used currency by the criminals in the world.

Because somehow US dollar is quiet can considered a Universal Currency in terms of fiat.

US dollar value are high in some countries so why the criminals will stick to that country's currency if they can accumulate more with the use of USD.

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