Is bitcoin being used for illegal activities - page 12.

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Quote from: diodio5 on November 23, 2016, 05:37:32 PM

Quote from: rickadone on November 23, 2016, 04:06:21 PM

Quote from: krishna1 on November 22, 2016, 02:27:57 PM

yes when bitcoin was first launched it spreaded like a virus into the whole underworld where it has the complete place for all type of illigal activities and more but thats not truly our point. tor nretwork has many sites running and most ofvthem accepts bitcoin as payment

I think we shout admit the fact that bitcoin is mostly use for good purposes, and may be a little number of bad people using it for illegal activities just like other fiat currency, I think we should always look to the good aspect of everything.

I think we do not need to think about other people's negativ. moreover bitcoin transactions are anonymous and no one knows about the destination on your bitcoin transactions, so it is illegal or not, it does not matter

there is a bad and good thing in every bitcoin transaction, even its for illegal activities and we agree for that. all this thing its because bitcoin is anonymous, then people thinking better to pay with bitcoin to make good or bad activities or make an illegal transaction, but unfortunately we don't know about this, we only know that in blockchain, there is many transaction from small until big amount.

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Quote from: Skarner21 on November 24, 2016, 04:44:33 PM

Quote from: diodio5 on November 23, 2016, 05:37:32 PM

Quote from: rickadone on November 23, 2016, 04:06:21 PM

Quote from: krishna1 on November 22, 2016, 02:27:57 PM

Well we have a freedom to use bitcoin since it is is still not controlled by government and yeah bitcoin is anonymous but i think we should not abuse the uses of bitcoin because it can affect the image of bitcoin to other good people..
Honestly bitcoin has many good use like the prices buying online is not so difficult and no hassle transfer your bitcoin....

Because of anonymity and no chargeback option they are using bitcoin to scam someone or use it for illegal actvity that can affect the image of bitcoin.

Personally, I am thinking that those characteristics of bitcoin is beneficial to us all, whether you are using it for good or bad, and because of those characteristics, there is no wonder, that even the one with not much knowledge, not interested in bitcoin and don't have a plan to go long term with it users it for their illegal deeds. Think of it, we could buy bitcoin anytime and without asking who we are, So if you want to hide your transactions, you could simply buy the exact amount of bitcoin that you will use and the other side would just convert it to fiat after receiving.

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Quote from: diodio5 on November 23, 2016, 05:37:32 PM

Quote from: rickadone on November 23, 2016, 04:06:21 PM

Quote from: krishna1 on November 22, 2016, 02:27:57 PM

yes when bitcoin was first launched it spreaded like a virus into the whole underworld where it has the complete place for all type of illigal activities and more but thats not truly our point. tor nretwork has many sites running and most ofvthem accepts bitcoin as payment

I think we shout admit the fact that bitcoin is mostly use for good purposes, and may be a little number of bad people using it for illegal activities just like other fiat currency, I think we should always look to the good aspect of everything.

I think we do not need to think about other people's negativ. moreover bitcoin transactions are anonymous and no one knows about the destination on your bitcoin transactions, so it is illegal or not, it does not matter

Well we have a freedom to use bitcoin since it is is still not controlled by government and yeah bitcoin is anonymous but i think we should not abuse the uses of bitcoin because it can affect the image of bitcoin to other good people..
Honestly bitcoin has many good use like the prices buying online is not so difficult and no hassle transfer your bitcoin....

Because of anonymity and no chargeback option they are using bitcoin to scam someone or use it for illegal actvity that can affect the image of bitcoin.

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Quote from: CroIsBest on November 19, 2016, 08:28:31 PM

Yea yes i think that everybody here in this bitcoin talk forum chat thinks that it is used by illegall activities like hacking account from some person which is using bitcoin I mean bitcoin wallet like coinpayments,blockhain ,xapo and other bitcoin account or they even go to hack exchanges and take bitcoin from other persons.There are also scammers which are creating hyip sites and they little time give payments and then they run with investitor money or they even not pay any payment so it is better than to use only ptc and revenue share sites and they are also scammers which are selling fake product which acctualy not help I mean you already know that.

Criminals are not frozen in time, they will use all the resources and technology available to them in order to do what they do best, illegal activities.

That's true and I found out that most of the criminals are even smarter than us. Because they know how to use such technology and abuse it for real. Just like now, bitcoin is being used for different illegal trades and way back no technology there are only illegal activities. So when there is upgrade in technology, criminals will upgrade too.

Definitely they should because that is there business to protect themselves and to be able to continue their business without getting caught. But still if they are smarter than us, government are still smarter than them so in the right time they will be caught and will be prosecuted.

I don't think that the government are smarter than them because here in my country most of the criminals have their very own protectors who are implementing rules of the government. It is just like they playing in their own hands and the people who surrounds them are protecting them and in bitcoin illegal activities they know the consequences they will get if they will not stop. That's why they are not stopping because they know how they will come out.

Corruption is a problem all over the world but there are counties where this problem is endemic, however you are talking about organized crime since they are the only ones with the power to buy protection for the lone criminal on the street buying protection is simply not possible.

Victorycoin

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Quote from: Senor.Bla on November 21, 2016, 10:56:49 AM

Quote from: requester on November 21, 2016, 01:39:42 AM

Yes bitcoin is widely used for illegal purpose because it is pseudonymous and do criminals find out much safer to use bitcoin for transaction rather then real currency. There is no way to track the user who is sending money to whom. So it's of comfort for them.

so you write yourself that bitcoin is pseudonymous, but also that "there is no way to track the user". i find this confusing. also how is this better then "real currency"? paper money is also hard to trace.

Anonymous is one thing and pseudonymous is entirely something else and far from what bitcoin is. We know bitcoin is less than a decade with us, if the noise is that cryptocurrencies facilitate illegal activities, someone tell me, what currency was behind illegal activities two or three decades ago or is illegal activities some word that just came up few years back?

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Quote from: rickadone on November 23, 2016, 04:06:21 PM

Quote from: krishna1 on November 22, 2016, 02:27:57 PM

yes when bitcoin was first launched it spreaded like a virus into the whole underworld where it has the complete place for all type of illigal activities and more but thats not truly our point. tor nretwork has many sites running and most ofvthem accepts bitcoin as payment

I think we shout admit the fact that bitcoin is mostly use for good purposes, and may be a little number of bad people using it for illegal activities just like other fiat currency, I think we should always look to the good aspect of everything.

I think we do not need to think about other people's negativ. moreover bitcoin transactions are anonymous and no one knows about the destination on your bitcoin transactions, so it is illegal or not, it does not matter

rickadone

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Quote from: krishna1 on November 22, 2016, 02:27:57 PM

yes when bitcoin was first launched it spreaded like a virus into the whole underworld where it has the complete place for all type of illigal activities and more but thats not truly our point. tor nretwork has many sites running and most ofvthem accepts bitcoin as payment

I think we shout admit the fact that bitcoin is mostly use for good purposes, and may be a little number of bad people using it for illegal activities just like other fiat currency, I think we should always look to the good aspect of everything.

Doamader

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Quote from: sunsilk on November 23, 2016, 09:49:48 AM

Quote from: (altair) on November 23, 2016, 08:48:44 AM

Yeah, because of its anonymous transaction it can be used for illegal activities. Like buying illegal drugs or some deadly weapons. Often, it is used as a currency in the deepweb by drug or weapon dealers where they can sell their products easily without knowing who are they or where they are.

That's why many criminals are taking advantage of bitcoin and they are using it for their different illegal transactions.

Because they are evading the government for the rules and regulations that a country implements so they are hiding themselves.

And because of bitcoin, they are able to make trades easily and get paid.

From your post i believe you are concerned about the bad use that criminals are doing with bitcoin, but be realistic, before crypto currencie they were able to make the same safe transactions with fiat, soo there is nothing that can be done, do you really believe its the interest of politicians to find those black money, and send all prison? No they find some people and send to jail, but the boss, they arent able to trace, neither where the money is being cleaned.

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Quote from: sunsilk on November 23, 2016, 09:49:48 AM

Quote from: (altair) on November 23, 2016, 08:48:44 AM

Yeah, because of its anonymous transaction it can be used for illegal activities. Like buying illegal drugs or some deadly weapons. Often, it is used as a currency in the deepweb by drug or weapon dealers where they can sell their products easily without knowing who are they or where they are.

That's why many criminals are taking advantage of bitcoin and they are using it for their different illegal transactions.

Because they are evading the government for the rules and regulations that a country implements so they are hiding themselves.

And because of bitcoin, they are able to make trades easily and get paid.

So, what do you suggest to be done? Cancel Bitcoin or use identified transactions like normal currencies, then bitcoin will lose its advantages, which attracted people to it, in the first place.
There is Money Laundering that is engaged in a financial transaction with the proceeds of a crime for the purpose of concealing the illicit origin of the property/deal from government, which is done with traditional currency just like an anonymous transaction of Bitcoin(though, I know that digital currencies made it quite easier than traditional money laundering).

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what is the point?

all currencies are used for illegal activities

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Quote from: PhilPrime on November 23, 2016, 09:41:30 AM

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

I heard or read somewhere that bitcoin were really used before illegally by those rich people to hired killers not knowing each others identity. I dont know if its real but we all know that bitcoin being an online money there is really possibilty that it really happens. Just give account wallet send pictures of your work then thats it.

That really is happening. My friend told me that you have to give all the details to the hitman before they agree to do the job. You will have to give them the escape plan and all. Otherwise, they wouldn't do it. Even in fiat, that is happening. There's no difference in bitcoin, just different form of money and just more anonymity since if the government conduct an investigation, they will just end up being on a dead end investigation since your whereabouts are hidden.

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Quote from: (altair) on November 23, 2016, 08:48:44 AM

Yeah, because of its anonymous transaction it can be used for illegal activities. Like buying illegal drugs or some deadly weapons. Often, it is used as a currency in the deepweb by drug or weapon dealers where they can sell their products easily without knowing who are they or where they are.

That's why many criminals are taking advantage of bitcoin and they are using it for their different illegal transactions.

Because they are evading the government for the rules and regulations that a country implements so they are hiding themselves.

And because of bitcoin, they are able to make trades easily and get paid.

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Quote from: Zadicar on November 23, 2016, 09:34:20 AM

Quote from: Fatanut on November 23, 2016, 09:30:31 AM

Quote from: BlackPanda on November 23, 2016, 08:42:48 AM

bitcoin use for illegal activities certainly is not allowed. bitcoin was created with the purpose to be used as a medium for the delivery of easy money and fast. people using bitcoin to illegal acts should be punished in accordance with applicable regulations.

Not allowed according to what? Your beliefs? The government? The government cannot do anything about you using bitcoin for illegal activities. Suppose that you used it for illegal activity (e.g. hiring a hitman), they can't trace it back to you. They might be able to find your bitcoin wallet address but they don't know your personal details just by having that. I also think that people that use bitcoin or any form of money for illegal things should be punished but it's really hard to get proofs that the bitcoin wallet address belongs to that particular person.

This is the main thing why government dont usually bother to dig up on this kind of events or transactions because it would be somehow useless and a waste of time and effort if they would really force themselves to track criminals on using bitcoin for illegal transactions.Theres no point on making investigations.Everyone could freely do on what things they want on bitcoin.Theres no rule.

Yes! it is actually a waste of time tracking down every illegal transaction that have been done via bitcoin even if there are a tracking transaction provided for the block chain it is not enough in knowing who and where does the transaction occur and that is the power of bitcoin letting many criminals have their transaction via internet in just an instant.

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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

I heard or read somewhere that bitcoin were really used before illegally by those rich people to hired killers not knowing each others identity. I dont know if its real but we all know that bitcoin being an online money there is really possibilty that it really happens. Just give account wallet send pictures of your work then thats it.

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Quote from: Fatanut on November 23, 2016, 09:30:31 AM

Quote from: BlackPanda on November 23, 2016, 08:42:48 AM

bitcoin use for illegal activities certainly is not allowed. bitcoin was created with the purpose to be used as a medium for the delivery of easy money and fast. people using bitcoin to illegal acts should be punished in accordance with applicable regulations.

Not allowed according to what? Your beliefs? The government? The government cannot do anything about you using bitcoin for illegal activities. Suppose that you used it for illegal activity (e.g. hiring a hitman), they can't trace it back to you. They might be able to find your bitcoin wallet address but they don't know your personal details just by having that. I also think that people that use bitcoin or any form of money for illegal things should be punished but it's really hard to get proofs that the bitcoin wallet address belongs to that particular person.

This is the main thing why government dont usually bother to dig up on this kind of events or transactions because it would be somehow useless and a waste of time and effort if they would really force themselves to track criminals on using bitcoin for illegal transactions.Theres no point on making investigations.Everyone could freely do on what things they want on bitcoin.Theres no rule.

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Quote from: BlackPanda on November 23, 2016, 08:42:48 AM

bitcoin use for illegal activities certainly is not allowed. bitcoin was created with the purpose to be used as a medium for the delivery of easy money and fast. people using bitcoin to illegal acts should be punished in accordance with applicable regulations.

Not allowed according to what? Your beliefs? The government? The government cannot do anything about you using bitcoin for illegal activities. Suppose that you used it for illegal activity (e.g. hiring a hitman), they can't trace it back to you. They might be able to find your bitcoin wallet address but they don't know your personal details just by having that. I also think that people that use bitcoin or any form of money for illegal things should be punished but it's really hard to get proofs that the bitcoin wallet address belongs to that particular person.

(altair)

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Yeah, because of its anonymous transaction it can be used for illegal activities. Like buying illegal drugs or some deadly weapons. Often, it is used as a currency in the deepweb by drug or weapon dealers where they can sell their products easily without knowing who are they or where they are.

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bitcoin use for illegal activities certainly is not allowed. bitcoin was created with the purpose to be used as a medium for the delivery of easy money and fast. people using bitcoin to illegal acts should be punished in accordance with applicable regulations.

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Quote from: croutonhexagon on November 23, 2016, 03:00:06 AM

Yes definitely it is used for illegal activities because it doesn't require any private information to create the wallet or to use the wallet. None can track the use and other guy could easily make a way with bitcoin as it's anonymous.

i agree but we don't know what kind of illegal activites they use bitcoin and we can track it but we only can track the wallet address, and still we can not know what they buy in out there.

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Yes definitely it is used for illegal activities because it doesn't require any private information to create the wallet or to use the wallet. None can track the use and other guy could easily make a way with bitcoin as it's anonymous.

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