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Topic: Is bitcoin being used for illegal activities - page 118. (Read 139748 times)

full member
Activity: 159
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February 09, 2016, 07:24:39 AM
#85
all currency are being used for something illegal by somebody.
bitcoin might be easier to not be tracked though with mixer and all that stuff.

Bitcoin is very easy to track. You can see the money movement in the block chain. It is much easier to trace than cash.
hero member
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February 08, 2016, 10:22:58 PM
#84
all currency are being used for something illegal by somebody.
bitcoin might be easier to not be tracked though with mixer and all that stuff.
full member
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fastdice.com The Worlds Fastest Bitcoin Dice
February 08, 2016, 10:04:53 PM
#83
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
Of course people are using it for illegal reasons. But so is fiat. This won't really hurt bitcoin and maybe even increase the price a bit.
sr. member
Activity: 392
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February 08, 2016, 09:36:22 PM
#82
It is unfortunately. However, the US dollar is also being occupied for illegal activity. Anything that has to do with purchasing products and services is something that can be utilized to do illegal work. Bitcoin isn't to blame.

That's true, but us dollar is controlled by banks and government. They can print it at will, cheat with it at will, loan dollars which they dont have, etc.

Bitcoin, on the other hand, is not controlled by banks nor governments. They cant print it, they can borrow bitcoin which they dont have, etc. Thus cryptocurrencies are very inconvenient for banks and governments, as they give power to ppl, and take it from banks and governments. Thus, they do everything they can do to stop bitcoin wider adaptation. The easy thing is just to scare ppl that only criminals use cryptocurrencies, or that it is some sort of scam, etc.
member
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February 08, 2016, 09:11:55 PM
#81
It is unfortunately. However, the US dollar is also being occupied for illegal activity. Anything that has to do with purchasing products and services is something that can be utilized to do illegal work. Bitcoin isn't to blame.
hero member
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February 08, 2016, 06:39:12 PM
#80
'Course it's being used for many illegal activities... if you go to the gambling section of this forum you'll see lotta people who use BTC with this purpose.

But, BTC has only 7 years, the past history is full of "illegals" using fiat... the "old" money is much more "corrupted" than BTC ... it's' a question of History.

BTC is beautiful, we can trace people much more easier Cheesy
sr. member
Activity: 252
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February 08, 2016, 06:38:16 PM
#79
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
money also used for illegal activity,should goverment ban money?ll illegal activity that use bitcoin,it just make bitcoin getting hard to concuer this world,more people considering to join with and use bitcoin,because illegal activity just give bad label to bitcoin it self.
full member
Activity: 126
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February 08, 2016, 05:33:01 PM
#78
... a nice way of shilling for the man. ...

legendary
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February 08, 2016, 05:29:48 PM
#77
We can never know what was the main purpose of creating bitcoin. What is important is bitcoin is not used for only illegal market today.

Yes, bitcoin is very popular in dark web but paper money is being used for illegal stuff in daily life as well. That doesn`t make bitcoin the "bad guy"

Bitcoin is getting more and more popular among honest people like us who want nothing more than privacy in their economy.
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★YoBit.Net★ 350+ Coins Exchange & Dice
February 08, 2016, 05:25:41 PM
#76
Bitcoin or cash its all the same,to say bitcoin is responsible it a nice way of shilling for the man.
Cash moves with ease through the right channels and would suspect it finances a lot of terror cells compared to bitcoin.
The pedophiles are a different group though and would think they like bitcoin due to not having to reach out to the other dirty deviants they buy off.
sr. member
Activity: 392
Merit: 250
February 08, 2016, 04:41:25 PM
#75
i am pretty sure bitcoin was created for illegal activities, because while using bitcoin transaction, you can be all anonymous

Nope. Bitcoin was created to finish and fight with financial censorship. Bitcoin was never meant and designed to be anonymous and used for illegal things.
full member
Activity: 154
Merit: 100
February 08, 2016, 04:12:58 PM
#74
Yes some bitcoins are used for illegal activity but the focus on banning or controlling should be on the items banned themselves not the payment method, Dollar is used by criminals as well and it is not banned.

Dollar is the most widely used criminal money, most dollar notes have traces of drug residue. It is the official reserve currency of many countries.

Correct. And more people die in car wrecks than do from exploding hand grenades.
Which is not to say that we should legalize hand grenades and ban cars.
Guess why FTW.
sr. member
Activity: 412
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February 08, 2016, 04:07:50 PM
#73
Since bitcoin got to popularity for being used on a darkweb market the Silkroad, many people assume that it is its only purpose.
But, cash is also used for illegal activities as well, but it doesn't mean that everyone that has cash is a criminal...
full member
Activity: 159
Merit: 100
February 08, 2016, 03:41:37 PM
#72
Yes some bitcoins are used for illegal activity but the focus on banning or controlling should be on the items banned themselves not the payment method, Dollar is used by criminals as well and it is not banned.

Dollar is the most widely used criminal money, most dollar notes have traces of drug residue. It is the official reserve currency of many countries.
full member
Activity: 224
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https://dreamtowards.net/?inviter=venan
February 08, 2016, 03:19:41 PM
#71
i am pretty sure bitcoin was created for illegal activities, because while using bitcoin transaction, you can be all anonymous
hero member
Activity: 1106
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February 08, 2016, 03:17:27 PM
#70
Probably, but so is cash.  Just because something is being used for illegal activities dosnt make it bad in itself, i could name you many things that are used for illegal activities, cars,guns,women,boats,cash,bitcoin........ Huh

And by the way if governments could stop bitcoin they would have done so already, thats the whole point,,,,, THEY CANT  Grin
full member
Activity: 204
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February 08, 2016, 03:09:34 PM
#69
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

The first to adopt new technologies are typically vice industries because they have limited or no other options.  Cash still supersedes bitcoin for use in illegal activity, however as bitcoin becomes more adopted and more mainstream it will be used much more in all industries. 
newbie
Activity: 28
Merit: 0
February 08, 2016, 01:06:11 PM
#68
Yes bitcoins are used for illegal activities.
Any currency basically cash can be used for illegal purpose, so bitcoin can also be used.
legendary
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February 08, 2016, 12:16:30 PM
#67
Everything that has a value will frequently be used for illegal activity & has been for thousands of years. These kind of threads pop up so many times, it's boring seeing them.
member
Activity: 119
Merit: 100
February 08, 2016, 12:07:41 PM
#66
It is being used for illegal as well as legal. Probably there is a high percentage of illegal. But does is not btc's fault.
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