Is bitcoin being used for illegal activities - page 120.

Cuidler

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Quote from: Laosai on February 07, 2016, 09:36:38 AM

Quote from: mrflibblehat on February 07, 2016, 08:57:00 AM

Everything is/can be used for illegal activities. That doesn't mean it's a bad thing. How about making illegal all baseball bats because there are people that are using them to hurt people not just to play baseball. It's ridiculous.

No but you gotta admit that bitcoin is especially well designed for illegal and or immoral purposes...

For the same reason it's a lot used in scams, it's probably used in weapons traffics and or prostituion/drugs.

Just because it's an easy way to transfer value anonimously.

To be honest there are other altcoins which provides much better anonymity than Bitcoin. Anonymity is not Bitcoin main feature.

Bitcoin main feature is decentralized public ledger which is just pseudoanonymous.

countryfree

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I don't think BTC could ever match the US $ at that game. I remember reading once that 50% of all $20 bills have been used to take cocaine!

Besides, BTC's total market cap is only $6 billions. The money spent on drugs each single day is more than that.

In jails, people fight with kitchen forks, so just about anything can be used for illegal activities.

MaxTax

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Yes it has that's why it has a bad name in the news and all.
I think it happens with all currencies so that's just bullshit, but yeah it is.

Laosai

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Quote from: mrflibblehat on February 07, 2016, 08:57:00 AM

Everything is/can be used for illegal activities. That doesn't mean it's a bad thing. How about making illegal all baseball bats because there are people that are using them to hurt people not just to play baseball. It's ridiculous.

No but you gotta admit that bitcoin is especially well designed for illegal and or immoral purposes...

For the same reason it's a lot used in scams, it's probably used in weapons traffics and or prostituion/drugs.

Just because it's an easy way to transfer value anonimously.

akosimakulit

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A lot of people have an opinion about Bitcoin as something shady, something for the criminals. Where has this come from? Bitcoin is a rather new and exciting thing and also because of its pseudo anonymous qualities it will naturally attract the attention of people with shady intentions. Criminals may find this a great way for moving funds fast and your name will not be attached to the transaction.

JAyThaRevo

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Every coin has two sides, positive and negative, it depends on an individual how he views it and how he use it, ofcourse criminals would surely use for their criminal activities, but the descent people would use it and accept it as a new technology.

mrflibblehat

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Everything is/can be used for illegal activities. That doesn't mean it's a bad thing. How about making illegal all baseball bats because there are people that are using them to hurt people not just to play baseball. It's ridiculous.

relq

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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

Maybe yes maybe no. If there is any illegal activities on bitcoin i'm sure it will never exposed to anyone so we don't know about that activities. there could be 1 or many illegal activities on bitcoin.

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Quote from: MedaR on February 06, 2016, 06:45:44 PM

Everything can be used in illegal activities, i don't know why would a bitcoin been different?
Government spy agencies are paid for resolving this matter..

Criminals will use every currency they can in their criminal activities.
Bitcoin is no exception, since it'ss just a currency is wrong to say bitcoin is the currency for this low life persons.

betohell

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Quote from: quadriple7 on February 06, 2016, 01:07:04 PM

yes it is one of them selling illegal stuff such as guns bullets cocaine and many more in online shops.

true.
with bitcoin highly confidential nature, this possible malicious people to conduct transactions to buy illegal goods

Laosai

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Quote from: MedaR on February 06, 2016, 06:45:44 PM

Everything can be used in illegal activities, i don't know why would a bitcoin been different?
Government spy agencies are paid for resolving this matter..

Quote from: angaper on February 06, 2016, 06:30:09 PM

Yes, of course bitcoin is used for lots of illegal activities, but this is the same case with fiat, metals and many other things that have some value that could be exchanged by other things, because actually the crime is not in the traded things by itself, but in the perverse intentions of criminal minds.

Difference is bitcoin price is probably still strongly backed by illegal activities.

Of course they're always people using fiat for illegal stuff, but first it's easier to track them and fiat value doesn't depend on that!

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i think most people still use cash for their illegal activities.

MedaR

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Everything can be used in illegal activities, i don't know why would a bitcoin been different?
Government spy agencies are paid for resolving this matter..

angaper

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Yes, of course bitcoin is used for lots of illegal activities, but this is the same case with fiat, metals and many other things that have some value that could be exchanged by other things, because actually the crime is not in the traded things by itself, but in the perverse intentions of criminal minds.

eternalgloom

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With Bitcoin there's more of an emphasis on its use for illegal activities and a big part of the news surrounding Bitcoin sadly focusses too much on that aspect.
Luckily we also see some more positive news from time to time.

Mitchow

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I think yes people are already into bitcoins to take care of their illegal activities, maybe drugs and most of the people are using bitcoins for gambling too, and there are many countries in the world in which gambling is considered as a illegal.

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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

Everything what is having value is used by criminals or for illegal activities.
Money gets laundered with banks for instance.
Hackers like to use PayPal for fraud for instance.As well they do credit card fraud.
Western Union and MoneyGram gets used by terrorists and small drug dealers.Way more they love to use cash for that.
And for sure Bitcoin can be used for all of those as well.
BUT the majority of people is doing normal payments and transactions with Bitcoin.

Governtment could ban Bitcoin or declare it as illegal.But that won't stop it.

zeaderza

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You can use bitcoin for illegal activities but if you want you can use real money.
Bitcoin is a currency depend on people if a currency is used for illegal activity.

mrflibblehat

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I wonder if the articles are really true or if this is some kind of organized propaganda against bitcoin. I'm sure there are a lot of people bothered by the fact that bitcoin can't be controlled.

Kprawn

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Bitcoin is used for more legal things than criminal activities in general. In every group you will find some bad apples and it is these people giving Bitcoin a bad reputation.

The criminal activities just attract a lot more attention than the good things that are done with it, because sensationalism sells more papers and draw more visitors to

websites. Just be part of the group of people who use Bitcoin for the legal things. Wink

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