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Topic: Is bitcoin being used for illegal activities - page 114. (Read 139748 times)

full member
Activity: 159
Merit: 100
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.
legendary
Activity: 1372
Merit: 1008
Sometimes yes, bitcoins are often misused for illegal activities because of its superiority over cash or bank transfer. Because it's anonymous and irreversible it's often used for ransoms, drug dealing etc. It seriously shouldn't be a problem though if you're using it for legitimate purposes.
I don't think bitcoin is fully anonymous because your transaction can be easily traced by just knowing your txid,except you're trading it to another altcoin
I think we can use mixer to trick people. and if you've never posted your address with the original identity in the public sphere. you would not be known by anyone. bitcoin address and your identity remains anonymous.
legendary
Activity: 3472
Merit: 10611
just like how fiat for example US dollar is being used for criminal activities by criminals, bitcoin is just like any other currency is being used for a variety of reasons and one of those many usages is criminal activities.

but if we are comparing things, usage of bitcoin for criminal act is just a tiny portion in comparison to usage of fiat for that matter.
sr. member
Activity: 308
Merit: 292
★YoBit.Net★ 350+ Coins Exchange & Dice
Everything that can be used is used for criminal activities. Bitcoin is not the first or the last.
hero member
Activity: 1190
Merit: 500
Its getting used for criminal activities, but ask yourself this question please which currency is not used for criminal activities every currency is.
There is nothing that can stop that but you have to keep in mind its at every payment method and only a little amount of the whole community.
yeah i know all currency experience this, is used for illegal activities. but differ with bitcoin, there are a lot of cases
hero member
Activity: 490
Merit: 500
Sometimes yes, bitcoins are often misused for illegal activities because of its superiority over cash or bank transfer. Because it's anonymous and irreversible it's often used for ransoms, drug dealing etc. It seriously shouldn't be a problem though if you're using it for legitimate purposes.
yeah correct. even a short time ago, there are rumors that. to fund terrorist isis ie with bitcoin, so that other countries do not know, who has helped and sponsored ISIS, until now we do not know who is sending money to isis
sr. member
Activity: 392
Merit: 250
Sometimes yes, bitcoins are often misused for illegal activities because of its superiority over cash or bank transfer. Because it's anonymous and irreversible it's often used for ransoms, drug dealing etc. It seriously shouldn't be a problem though if you're using it for legitimate purposes.
I don't think bitcoin is fully anonymous because your transaction can be easily traced by just knowing your txid,except you're trading it to another altcoin

You right, bitcoin is not anonymous. It is pseudo-anonymous.
sr. member
Activity: 294
Merit: 250
Sometimes yes, bitcoins are often misused for illegal activities because of its superiority over cash or bank transfer. Because it's anonymous and irreversible it's often used for ransoms, drug dealing etc. It seriously shouldn't be a problem though if you're using it for legitimate purposes.
sr. member
Activity: 308
Merit: 250
Its getting used for criminal activities, but ask yourself this question please which currency is not used for criminal activities every currency is.
There is nothing that can stop that but you have to keep in mind its at every payment method and only a little amount of the whole community.
sr. member
Activity: 392
Merit: 250
Yes. If you did not watched Deepweb, you will not know that bitcoins were used in deepweb transactions, mostly drugs, human trafficking, child porn, gore, torture videos, beastiality, human experiments, sniper for hire and so many more that you can do also with fiat currency.

Yep, but according to gov, bitcoin makes it "easier" to buy or pay for all these things.
hero member
Activity: 651
Merit: 518
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

See https://bitcointalksearch.org/topic/m.13964212
hero member
Activity: 756
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
bitcoins always being used for illegal activities, this is mainly due to the anonymous strength that bitcoin has. it does hurt bitcoin imo because it drives people away from using it as they think thery are taking part in something illegal.
hero member
Activity: 742
Merit: 500
bitcoin is money, same like fiat or all curencies, and of course it could be used for illegal activities, people can open their own wallet simply no need to upload their identity and start the transaction, that's make bitcoin is the simplest for such a illegal activities yeah due to the it's pseudoanonimity nature
yeah it's like fiat or other curencies there's always two posibility the good way and the bad way
legendary
Activity: 3178
Merit: 1054
Its comfortable using bitcoin since there is going to be no money involve but online transaction. If i as to sell drug i would have use bitcoin as well.
full member
Activity: 140
Merit: 100
★YoBit.Net★ 350+ Coins Exchange & Dice
Yes. If you did not watched Deepweb, you will not know that bitcoins were used in deepweb transactions, mostly drugs, human trafficking, child porn, gore, torture videos, beastiality, human experiments, sniper for hire and so many more that you can do also with fiat currency.
full member
Activity: 238
Merit: 100
No doubt. If you think about it. It's very helpful use it as a tool for money laundering.
Better yet, for online purchases you would want to see someoene else you want to see.
full member
Activity: 224
Merit: 100
Of course it is. Bitcoin is a currency.

There's no currency that is clean from being used to illegal transaction.

sr. member
Activity: 462
Merit: 250
The thing is, bitcoin is real money, as we all know,money can't talk and tell the one who hold him to where it should be used... and anywhere in the world, the cause of doing illegal activity is money...  Smiley

Yeah but btc is especially easy to handle and use in anonymous way.

It means it's rather useful for illegal activities.

That's right, and the government don't care about crypto, so its really anonymous...and it can be transferred from any part of the world when internet is present..  Smiley

Bah even if they cared about it they couldn't do anything!
sr. member
Activity: 270
Merit: 250
like anything that have a value.. illegal is a vague term
hero member
Activity: 798
Merit: 500
★YoBit.Net★ 350+ Coins Exchange & Dice
The thing is, bitcoin is real money, as we all know,money can't talk and tell the one who hold him to where it should be used... and anywhere in the world, the cause of doing illegal activity is money...  Smiley

Yeah but btc is especially easy to handle and use in anonymous way.

It means it's rather useful for illegal activities.

That's right, and the government don't care about crypto, so its really anonymous...and it can be transferred from any part of the world when internet is present..  Smiley
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