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Topic: Is bitcoin being used for illegal activities - page 15. (Read 139744 times)

full member
Activity: 185
Merit: 100
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.
Criminal structures very tight started to keep pace with the times. It is therefore not surprising that the bitcoin can be used for bad purposes. Drugs and weapons are not the last products of which may be to pour using bitcoin.
full member
Activity: 168
Merit: 100
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.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
Bitcoin is used for illegal activities by some. There is no doubt about it. But what makes Bitcoin different from the other payment methods is that, in the early days Bitcoin was very heavily used for the trade of drugs and weapons from dark market sites such as Silk Road and BMR. The other payment processors were used for illegal trade only after they got established themselves.
Yeah there is no denying that bitcoin is being used quite lot for illicit activities such as drugs or selling weapons and even hiring hitmans and this have affected the image of bitcoin pretty much. Because people keep reading news about how bitcoin is badly used by criminals, they unconsciously think that bitcoin is something really bad. But I think that no currency can escape from the fact that it will be used for illegal stuffs so it's all about changing people's view of bitcoin.
yes that can be a fact that bitcoin may be used and may be using for illegal activities but on a very low level, as we can see that the number of bitcoin users are increasing from time to time and that is the reason that the price is increasing from time to time as demand is increasing so the number of good users of bitcoin is more that its bad users therefore it is not such a big issue as we can see that every type of currency can be use for illegal activities.
It's not very low my friend, if you have search int eh black market they are using bitcoin. In overall it's low but for the whole market of bitcoin it's definitely big. Any currency can be use for illegal activities and not just bitcoin, it's the decision of the users not the currency or bitcoin because the users give life to it.
The amount of fiat used for illegal purposes is not very low either it has been calculated that the criminal activities have a value of the greatest 500 companies in the world combined, that is very big too.
legendary
Activity: 3080
Merit: 1292
Hhampuz for Campaign management
There is no way to prevent the bad use of fiat neither bitcoin or other altcoins, the owner can use it for anything he does wanna, the only thing that will show is the adress being used for such transaction, knowing its pseudo anonymous we dont know what are the funds for. Bitcoin has attracted several drug dealers, and the famous silk road, that were closed in the begining, but dark markeplaces keep playing and there is no way to stop all forever.
That's why there's a freedom for every users to do what they desire for their bitcoins. However, anything they committed illegal will have to be dealt accordingly with the law when caught. People will bad or illegal intension will always do, but in my case I would not try, it's hard to end up the rest of our life in jail.
hero member
Activity: 868
Merit: 500
There is no way to prevent the bad use of fiat neither bitcoin or other altcoins, the owner can use it for anything he does wanna, the only thing that will show is the adress being used for such transaction, knowing its pseudo anonymous we dont know what are the funds for. Bitcoin has attracted several drug dealers, and the famous silk road, that were closed in the begining, but dark markeplaces keep playing and there is no way to stop all forever.
full member
Activity: 157
Merit: 100
Bitcoin is already used widely by many scammers in the online community and scamming is an illegal activity that victimizes a lot of  investors who wants to try to their luck online. Many illegal activities are done online to avoid detection by the authorities like money laundering or drug trades using bitcoins.

Its  already  a  normal  thing on which bitcoin  would definitely be  used  on  illegal activities because  of  its anonymity  feature and  criminals  and  syndicates would really love that  because  they would able  hard  to traced  by authorities, commonly they do  operate on  darknet thats why  we dont   see  them on surface web  transactions. I could really say that anonymity  of bitcoin does  really have advantage and disadvantage.


Of course illegal transactions using bitcoin will not benefit cryptocurrency, but should understand that if now bitcoin is famous for its anonymity, the police can bring a lot of interest for cryptocurrency negativity in general.
hero member
Activity: 3010
Merit: 794
Bitcoin is already used widely by many scammers in the online community and scamming is an illegal activity that victimizes a lot of  investors who wants to try to their luck online. Many illegal activities are done online to avoid detection by the authorities like money laundering or drug trades using bitcoins.

Its  already  a  normal  thing on which bitcoin  would definitely be  used  on  illegal activities because  of  its anonymity  feature and  criminals  and  syndicates would really love that  because  they would able  hard  to traced  by authorities, commonly they do  operate on  darknet thats why  we dont   see  them on surface web  transactions. I could really say that anonymity  of bitcoin does  really have advantage and disadvantage.

sr. member
Activity: 826
Merit: 256
Bitcoin is already used widely by many scammers in the online community and scamming is an illegal activity that victimizes a lot of  investors who wants to try to their luck online. Many illegal activities are done online to avoid detection by the authorities like money laundering or drug trades using bitcoins.
hero member
Activity: 756
Merit: 500
Definitely, bitcoins are being used for illegal activites. However, this is the case with every other currency so I don't think it should be much of a concern to the bticoin community, except the government may use it as an excuse to criminalize the use of bitcoin.

For example, cash is used to buy drugs. So??? What's the point???

Exactly, it does not make any difference unless a government make this thing a excuse for not accepting bitcoin by saying it is being used for illegal activities so it is a criminal's currency and we won't let it be used in our country, now that would be another thing.
hero member
Activity: 644
Merit: 501
Definitely, bitcoins are being used for illegal activites. However, this is the case with every other currency so I don't think it should be much of a concern to the bticoin community, except the government may use it as an excuse to criminalize the use of bitcoin.

For example, cash is used to buy drugs. So??? What's the point???
hero member
Activity: 1638
Merit: 505
Bitcoin is used for illegal activities by some. There is no doubt about it. But what makes Bitcoin different from the other payment methods is that, in the early days Bitcoin was very heavily used for the trade of drugs and weapons from dark market sites such as Silk Road and BMR. The other payment processors were used for illegal trade only after they got established themselves.
it is the right of each person who uses bitcoin. but for me it was thought unwise. the purpose of using bitcoin is to facilitate transactions that are positive. people using bitcoin to negative actions are people who are not smart !!!
legendary
Activity: 3080
Merit: 1292
Hhampuz for Campaign management
Bitcoin is used for illegal activities by some. There is no doubt about it. But what makes Bitcoin different from the other payment methods is that, in the early days Bitcoin was very heavily used for the trade of drugs and weapons from dark market sites such as Silk Road and BMR. The other payment processors were used for illegal trade only after they got established themselves.
Yeah there is no denying that bitcoin is being used quite lot for illicit activities such as drugs or selling weapons and even hiring hitmans and this have affected the image of bitcoin pretty much. Because people keep reading news about how bitcoin is badly used by criminals, they unconsciously think that bitcoin is something really bad. But I think that no currency can escape from the fact that it will be used for illegal stuffs so it's all about changing people's view of bitcoin.
yes that can be a fact that bitcoin may be used and may be using for illegal activities but on a very low level, as we can see that the number of bitcoin users are increasing from time to time and that is the reason that the price is increasing from time to time as demand is increasing so the number of good users of bitcoin is more that its bad users therefore it is not such a big issue as we can see that every type of currency can be use for illegal activities.
It's not very low my friend, if you have search int eh black market they are using bitcoin. In overall it's low but for the whole market of bitcoin it's definitely big. Any currency can be use for illegal activities and not just bitcoin, it's the decision of the users not the currency or bitcoin because the users give life to it.
full member
Activity: 214
Merit: 100
Bitcoin is used for illegal activities by some. There is no doubt about it. But what makes Bitcoin different from the other payment methods is that, in the early days Bitcoin was very heavily used for the trade of drugs and weapons from dark market sites such as Silk Road and BMR. The other payment processors were used for illegal trade only after they got established themselves.
Yeah there is no denying that bitcoin is being used quite lot for illicit activities such as drugs or selling weapons and even hiring hitmans and this have affected the image of bitcoin pretty much. Because people keep reading news about how bitcoin is badly used by criminals, they unconsciously think that bitcoin is something really bad. But I think that no currency can escape from the fact that it will be used for illegal stuffs so it's all about changing people's view of bitcoin.
yes that can be a fact that bitcoin may be used and may be using for illegal activities but on a very low level, as we can see that the number of bitcoin users are increasing from time to time and that is the reason that the price is increasing from time to time as demand is increasing so the number of good users of bitcoin is more that its bad users therefore it is not such a big issue as we can see that every type of currency can be use for illegal activities.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
Yahh bitcoins are used for ilegal things like smuggling of gold, drugs etc .but even if u do so u are doing a bad thing which is not recommended at all. So u should start doing bitcoins through this forum ..kudoos Smiley

That is certainly true, but not all of them use the bitcoin for illegal activities. Many also use bitcoin for their needs to transfer between countries so that they need not bother to exchange currency with a big enough fee. Just do something a good thing and not have to think about the negative impact when there are still many people who use the bitcoin for technological advancement. any illegal activity will definitely give you the worst thing for us, because it was so opposite of the law that is already made
We could not really tell if they are using bitcoin for illegal activities or not because it's anonymous, and whether they use it or not it does not matter as long as bitcoin's economy is progressive and the majority will be benefited.
yes that is also a fact that only those people can tell about it who personally using it for illegal activities otherwise bitcoin is anonymous and know know can know about it that either it is using for illegal activities or not, my personal vies is that it may be using for illegal activities just lke other fiat currencies like USD, EURO and some other currencies.
It is pretty obvious that anything that has value can be use at anything from buying to exchange of goods. Well anything now can be use as a currency for illegal things, and Bitcoin is the right currency for them as it made there transactions hard to find. Well we can't blame Bitcoin as well it was design to be secure for us users, the only downside is it can be use also by criminals.
Most things are double edged sword strong crypto can protect governments and their secrets but now that strong crypto is being used by the regular people government are not liking it at all.
newbie
Activity: 6
Merit: 0
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

Government can't ban Bitcoin, that's the whole point.
legendary
Activity: 2170
Merit: 1427
Bitcoin is used for illegal activities by some. There is no doubt about it. But what makes Bitcoin different from the other payment methods is that, in the early days Bitcoin was very heavily used for the trade of drugs and weapons from dark market sites such as Silk Road and BMR. The other payment processors were used for illegal trade only after they got established themselves.
Bitcoin is not so much used to trade weapons, they're pretty hard to trade via internet and most sellers are actually LE honeypots.
I base this of off info gotten through the darknetmarkets subreddit.

Never take information you read online for granted. There is no way that there are statistics available showing the popularity of people using Bitcoin in weapon related transactions. If you buy drugs or whatever, you keep your mouth shut. At least, that's what people with common sense would do. Obviously, drugs are much easier to transport than weapons for example. If you buy yourself a few grams of white, it can easily be hidden between well sealed post cards. It passes metal detectors, etc. So in that regard, compared to drugs, it's fairly easy to assume weapons are not being purchased as much as drugs through darknet markets.
legendary
Activity: 1792
Merit: 1283
Bitcoin is used for illegal activities by some. There is no doubt about it. But what makes Bitcoin different from the other payment methods is that, in the early days Bitcoin was very heavily used for the trade of drugs and weapons from dark market sites such as Silk Road and BMR. The other payment processors were used for illegal trade only after they got established themselves.
Bitcoin is not so much used to trade weapons, they're pretty hard to trade via internet and most sellers are actually LE honeypots.
I base this of off info gotten through the darknetmarkets subreddit.
hero member
Activity: 770
Merit: 500
Bitcoin is used for illegal activities by some. There is no doubt about it. But what makes Bitcoin different from the other payment methods is that, in the early days Bitcoin was very heavily used for the trade of drugs and weapons from dark market sites such as Silk Road and BMR. The other payment processors were used for illegal trade only after they got established themselves.
Yeah there is no denying that bitcoin is being used quite lot for illicit activities such as drugs or selling weapons and even hiring hitmans and this have affected the image of bitcoin pretty much. Because people keep reading news about how bitcoin is badly used by criminals, they unconsciously think that bitcoin is something really bad. But I think that no currency can escape from the fact that it will be used for illegal stuffs so it's all about changing people's view of bitcoin.
hero member
Activity: 588
Merit: 500
It is pretty obvious that anything that has value can be use at anything from buying to exchange of goods. Well anything now can be use as a currency for illegal things, and Bitcoin is the right currency for them as it made there transactions hard to find. Well we can't blame Bitcoin as well it was design to be secure for us users, the only downside is it can be use also by criminals.

There is no currency in the world that is not involved in illegal activities, nor there is any thing in the world that cannot be used in an illegal way, but just because someone uses them in a bad way we cannot consider those things or currencies bad, it does not make the thing bad if it is used in a wrong way.
yes that is a fact that all kind of currencies may be use for ill legal activities, so no doubt bitcoin can also be use for such activities but we cannot blame bitcoin for that as we can see that USD is one of the most popular currency of the world but still it may be use for illegal activities,
hero member
Activity: 714
Merit: 531
It has posibility that bitcoin can be used in illegal transaction since all people can access bitcoin have freedom to used bitcoin what ever they want but is always depends on the users.
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