Topic: Is bitcoin being used for illegal activities - page 121. (Read 139748 times)
BTCitcoin has been used in the past for drug exchanges and there was even a movie made base on it (true story) IIRC. There are other illegal activities done for sure as well and yes it might have a negative effect as some people in the recent months stated some of them but the thing is, that's the case with any of kind of technology or object since if people give a certain value to it, then it could be used for any type of activity and illegal activities is also on the list (like in any type of traditional money) so it has been like this since start and it will be but as long as BTCitcoin is not used for any type of terrorism funding's then it's still above other traditional monetary systems in terms of having a better image (so far).
As long as one thing could be traded for another and has monetary value, it can be a used for illegal trades and such. Yes, it's true that bitcoin is being used on illegal activities, but that doesn't mean that its fiat counterpart don't have a share on this dirty work.
that's dumb statement, bitcoin is a currency and currency can be used for anything if the user want,just like people do use dollar to buy drugs or anything illegal? its the same like when you use btc,and about money laundering, its possible to be done through any currency, do you ever saw people buying a very simple painted canvas with only 2 colors like red and blue ? and they bought it for $5 million? do you think its normal or money laundering?
Lol! I like this vision of art!
the harsh part is that I'm totally convinced you're right.
But the difference is that btc value is still strongly influenced by its used in illegal domains in my opinion. Its price is really backed by the expenses of drug lords and terrorism xD
yes it is one of them selling illegal stuff such as guns bullets cocaine and many more in online shops.
i think it might be used for illegal things because bitcoins is anonymous therefore people can avoid problems
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
No one can shutdown the bitcoin or blockchain network as it is decentralized work on peer to peer basis. Government can also only restrict their exchange but this is not gonna happen in whole world. Even cash is used for illegal activities so it depend upon how it is used not on what is used. 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 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
porn and gambling are illegal in some countries,i also wondering how will goverment reaction if many people use bicoin for that activity,but nything happen with bitcoin,i still trust in bitcoin. 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
Well so fiat money is also used for illegal transactions but the government does not prohibit fiat money. 
Criminals using bitcoin for illegal transactions is reasonable because if using bitcoin will be difficult to track who they are, bitcoin is very anonymously.
Criminals using bitcoin for illegal transactions is reasonable because if using bitcoin will be difficult to track who they are, bitcoin is very anonymously.
In US, more people die from car accidents than from exploding hand grenades.
Can you guess why live hand grenades are largely illegal to own, while cars are not?
Tell me if you need a hint.
I think Bitcoin is simillar to cash and with that, there will be bans/no more privacy if it gets widely adapted, unless something is done about it.
If it is used for illegal activities? Yes, for things such as drugs, guns(maybe?), but cash is also used in this way by some people.
If it is used for illegal activities? Yes, for things such as drugs, guns(maybe?), but cash is also used in this way by some people.
Well, the hard truth is that every currency is used for illegal activities, and bitcoin is one of them
In the dark web there's a lot of illegal things you can buy with btcs.
In the dark web there's a lot of illegal things you can buy with btcs.
it is used for illegal activities i think but we actually can not do anything about it to avoid this
Yes, like every currency, Bitcoin is being used for illegal activities. However, I'd say the ration between "clean" money and "dark" money will be higher tha with fiat, where at leat 1/10 of the total cash was ever used for illegal activities.
That most do not use that. Of course, it is used for illegal things but I do not so often.
And if it is used, we still know not. So we do not know exactly actually.
And if it is used, we still know not. So we do not know exactly actually.
yes! of course, bitcoin was used illegally same as fiats were used. we cannot resist this.
Illegal means, not only used by ISIS but also by some normal humans to buy some drugs on black markets.
Illegal means, not only used by ISIS but also by some normal humans to buy some drugs on black markets.
Simple fact is there are a lot of bitcoin haters and they highlight and spread bad news about BTC more than the good news, though it is true that some criminals are using it but it is not the fault of bitcoin.
Well so fiat money is also used for illegal transactions but the government does not prohibit fiat money.
Criminals using bitcoin for illegal transactions is reasonable because if using bitcoin will be difficult to track who they are, bitcoin is very anonymously.
Criminals using bitcoin for illegal transactions is reasonable because if using bitcoin will be difficult to track who they are, bitcoin is very anonymously.
There are some challenges with how ISIS would turn Bitcoins into physical currency in the states in which it operates.
Many ISIS controlled territories do not have the technology to extract high amounts of Bitcoins for cash. However, nearby Turkey, Israel and Dubai all have a small but flourishing Bitcoin community, with a few Bitcoin ATMs available.
Bitcoin ATMs work just like bank ATMS and are electric communication devices that allow Bitcoins to be exchanged for cash without the need for a cashier.
bitcoin like any other currency is being used by criminals, this does not mean that bitcoin is for criminals. in fact cash is being used by criminals more than bitcoin ever was used in history.
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
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
there are many bad news in press over terrorists organizations using bitcoin for illegal purposes.. they can make it happen with real money. i think it was made it for giving bitcoin a bad name..
BTC is money just like other currency so I assume yes but let's concentrate on its good side.
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
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
Bitcoin is money. Every illegal activites that associated in money can also be done in bitcoin.
And no, I see it won't hurt bitcoin in the long run because after all good news about bitcoin still dominates over those bad.
Just deal with it because it's usual.
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