Is bitcoin being used for illegal activities - page 16.

YuginKadoya

legendary

Activity: 3038

Merit: 1169

Quote from: Sithara007 on November 18, 2016, 04:14:00 AM

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.

Yup! and I think bitcoin is highly undetected, that is why many illegal traders are using such transaction they don't want the authority to detect them with their field of work, so as the title of this thread is the answer is yes bitcoin are highly or have been use in illegal activities because you can pay anonymously.

Sithara007

legendary

Activity: 3346

Merit: 1352

Leading Crypto Sports Betting & Casino Platform

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.

arcanaaerobics

sr. member

Activity: 364

Merit: 250

Quote from: goldcoinminer on November 17, 2016, 09:53:52 PM

Quote from: ?? on ??

Quote from: hurain on November 17, 2016, 01:52:13 PM

Quote from: twister on February 06, 2016, 08:08:38 AM

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.

that may be right to say, but it is a fact that bitcoin may be using for illegal activities also, just like USD and other fiat currencies, but still i can say that bitcoin is still using for good activities, and hope that the user of bitcoin will increase in future.

It is not a maybe but it is really being used for illegal activities. People in the deep web, their main currency is bitcoins and each of their transactions are remaining anonymous and it became easier for them to transact because of bitcoins. And those criminals will do something to keep their illegal acts working and as long as that is convertible into cash.

It has been said many times that bitcoin is freedom and any person holding bitcoin can do whatever he wants, then if you try to analyze that it is definitely use in illegal activities but we do not know who are the particular person using it for illegal activities. The positive side of the negative activity is it increases the circulation.

This coin is something about freedom, you can spend where you want without be tracked, for sure the ilegal market contributed and still contributes to the price/marketcap actual value. Just let the guys make their business and enjoy your life.

goldcoinminer

hero member

Activity: 952

Merit: 500

Quote from: ?? on ??

Quote from: hurain on November 17, 2016, 01:52:13 PM

Quote from: twister on February 06, 2016, 08:08:38 AM

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.

that may be right to say, but it is a fact that bitcoin may be using for illegal activities also, just like USD and other fiat currencies, but still i can say that bitcoin is still using for good activities, and hope that the user of bitcoin will increase in future.

It is not a maybe but it is really being used for illegal activities. People in the deep web, their main currency is bitcoins and each of their transactions are remaining anonymous and it became easier for them to transact because of bitcoins. And those criminals will do something to keep their illegal acts working and as long as that is convertible into cash.

It has been said many times that bitcoin is freedom and any person holding bitcoin can do whatever he wants, then if you try to analyze that it is definitely use in illegal activities but we do not know who are the particular person using it for illegal activities. The positive side of the negative activity is it increases the circulation.

hurain

sr. member

Activity: 462

Merit: 250

Quote from: twister on February 06, 2016, 08:08:38 AM

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.

that may be right to say, but it is a fact that bitcoin may be using for illegal activities also, just like USD and other fiat currencies, but still i can say that bitcoin is still using for good activities, and hope that the user of bitcoin will increase in future.

Aamir1

hero member

Activity: 756

Merit: 500

Quote from: Harlot on November 17, 2016, 12:20:26 PM

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.

Harlot

hero member

Activity: 1806

Merit: 672

Quote from: whizter on November 17, 2016, 12:15:36 PM

Quote from: Positid on November 17, 2016, 06:38:24 AM

Quote from: Yutikas_11920 on November 17, 2016, 05:47:09 AM

Quote from: rajasumi3 on November 17, 2016, 05:41:14 AM

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

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.

whizter

hero member

Activity: 588

Merit: 500

Quote from: Positid on November 17, 2016, 06:38:24 AM

Quote from: Yutikas_11920 on November 17, 2016, 05:47:09 AM

Quote from: rajasumi3 on November 17, 2016, 05:41:14 AM

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

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.

chesatochi

sr. member

Activity: 812

Merit: 252

Quote from: manbitcoinlover on November 17, 2016, 12:01:41 PM

Well, you would have to define what is legal and illegal first. In some countries certain things are legal, while in other countries those same certain things
are illegal. If you are wondering if anyone got in trouble with the law by doing something with bitcoins, just take a look at the recent news in your country regarding bitcoin, as long as the source can be trusted an event will most likely be there. Most certainly, illegal activities have been made in the past using bitcoin, but the same activities are also being done by regular currency. So bitcoin is not the culprit!

I agree with you that illegal activities have been made with typical currency or bitcoin. Nothing will change someone who will want to commit a crime or go against the rules on his own society. We cannot take for granted that only criminal are you using Bitcoin, the majority of people are honest and the same are true with people who using fiat currency as well.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: MingLee on November 15, 2016, 08:08:44 PM

Quote from: ?? on ??

Quote from: Positid on November 15, 2016, 07:02:16 AM

Quote from: clickerz on November 15, 2016, 06:15:03 AM

Quote from: diegz on November 15, 2016, 12:39:36 AM

I do believe that it is easier to make a illegal transaction with bitcoin than paper money, evidence are not seen by eyes, unless they would start searching you and you haven't destroyed your phones wallet or your laptops. paper money is so obvious when making a transaction, unlike in bitcoin, you can even do it without talking personally.

Yes, in bitcoin there is no paper trail and since it is an anonymous transaction this bitcoin is the afvorite mode of payment in illegal activities. Ussually those illegal activities are involved in drug trade.

Due to the fact that bitcoin is anonymous by nature it can be use of illegal activities and that's why people with illegal activities are making a huge demand for bitcoin because they are regularly transacting and using bitcoin. There is no way to control them but they can help boost the economy of bitcoin.

Bitcoin is not anonymous. Because you can still trace someones transaction, it is just making it so called anonymous just because it doesn't require so much information to those people who are transacting. And that is making them an advantage by using bitcoin and to make it fair whether it is for bitcoin or not, there are illegal activities.

You make Bitcoin not anonymous by not taking the proper precautions to make the transactions as anonymous as possible. You can make it mostly anonymous beyond that, and there isn't anything to prove that you own an address otherwise, unless you make it know via giving out information through one or more means.

You are contradicting yourself you imply bitcoin is anonymous and then state we need to take additional precautions to make it so, if we need to take additional precautions then bitcoin is not anonymous, besides there are lots of way in which an address can be liked to you, if you send a transaction from an address and then five minutes later you login into your facebook with the same ip you have linked that address to you.

akashborikar

full member

Activity: 147

Merit: 100

We need to appreciate the fact that if something is illegal in one country, it is not a must that it is also illegal in other countries. People have talked of marijuana being legal in some countries but we know it is illegal in most countries. Similar to bitcoin, it might be illegal in some countries but at the same time be legal in others. Therefore, bitcoin was not meant for bad reasons but to make transactions pretty easier. It is only that some people are taking advantage of the decentralized nature of bitcoin to carry out illegal activities. This to me does not make bitcoin illegal but rather a very convenient form of transactions with anonymity.

manbitcoinlover

member

Activity: 168

Merit: 12

Well, you would have to define what is legal and illegal first. In some countries certain things are legal, while in other countries those same certain things
are illegal. If you are wondering if anyone got in trouble with the law by doing something with bitcoins, just take a look at the recent news in your country regarding bitcoin, as long as the source can be trusted an event will most likely be there. Most certainly, illegal activities have been made in the past using bitcoin, but the same activities are also being done by regular currency. So bitcoin is not the culprit!

jak3

legendary

Activity: 1274

Merit: 1004

yes it is being used for many illigal activities like in deepweb you can buy illiagal weapons, drugs , heroins , hacking softwares , stolen creadit cards and so on. i have not tried any of them but you will find dozen of people who has done that

RajaJudi

sr. member

Activity: 403

Merit: 250

Less is more

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

Bitcoin has been used in many illegal activities for many years and no one can stop it. However, we can not deny that bitcoin have played an important role in our life since 2012 and it is no doubt that the government can never forbid Bitcoin. You do not have to worry about this issue

robiulawal

newbie

Activity: 68

Merit: 0

I have heard A lot about Darkweb. Shocked

Can't even think about that.
Just tried to watch a little more
and find out all the illigal
activities.
and the main thing is that all purchase
are made with btc address
so that any one can not
find or know anyone..
my English is not so good but the
#darkweb word can be known in google..
I wish everyone should make a distance
between the dark World. Tongue

Catmony

hero member

Activity: 854

Merit: 500

Quote from: jcojci on November 17, 2016, 07:34:07 AM

we don't know about this because when transaction is made, we can not see for what that transaction and we can not know is it for illegal activities or not. the only thing that we can do is we keep using bitcoin for good purpose. beside that we should stay away from making any illegal activities for safe.

It is true and well known fact that bitcoin are being used in dark web marketplaces where most of the times illegal items are traded. So yes bitcoin is being used for illegal activities however this doesn't mean bitcoin is in any kind of danger. Bitcoin can't be shut down, everything have its own good and bad side.

Dhanilo

newbie

Activity: 44

Merit: 0

Every currency in the world is used for illegal activities.

Dollar, Euro, Pounds, BTC, you name it. It's used for buying drugs etc.

richardsNY

legendary

Activity: 1232

Merit: 1091

Quote from: Amadues on November 17, 2016, 07:39:36 AM

Bitcoin is like a fiat or any valuable object. I see many people are using it to do their illegal activities, like cash!
There is nothing different, and something could be illegal in your country could be legal in another one!
So it's good no one could "stop" an activities because "it's illegal"!

That's basically it. If people are talking about illegal activities, then they directly think about things as drugs and weapons for example. But as you also said, things that are illegal in a certain country, may be perfectly legal in the other. But what bothers me the most, is that the average people always tend to blame Bitcoin when things happen. If something happens where fiat is involved in, then people don't seem to care at all.

YuginKadoya

legendary

Activity: 3038

Merit: 1169

Quote from: Doamader on November 17, 2016, 08:03:29 AM

Quote from: Positid on November 17, 2016, 06:38:24 AM

Quote from: Yutikas_11920 on November 17, 2016, 05:47:09 AM

Quote from: rajasumi3 on November 17, 2016, 05:41:14 AM

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

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.

Knowing bitcoin does have a value, and can be exchanged into fiat anytime, it makes bitcoin being used for all activities, gambling isnt allowed at some countries, and people are buying bitcoin for those purposes, besides that we do know its impossible to stop ilegal activities, otherwise it would happen already into fiat.

We can really never control people who are doing illegal things using bitcoin that is why some authorities are tracking the maker of bitcoin so they would know how bitcoin really works and to track or shutdown some illegal transactions that have been make by some illegal users but that is the problem they don't really know how to do it, but I think bitcoin wallet owners can track down highly unknown transaction that had been log to them but the people behind this are anonymous!

Doamader

hero member

Activity: 756

Merit: 501

Quote from: Positid on November 17, 2016, 06:38:24 AM

Quote from: Yutikas_11920 on November 17, 2016, 05:47:09 AM

Quote from: rajasumi3 on November 17, 2016, 05:41:14 AM

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

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.

Knowing bitcoin does have a value, and can be exchanged into fiat anytime, it makes bitcoin being used for all activities, gambling isnt allowed at some countries, and people are buying bitcoin for those purposes, besides that we do know its impossible to stop ilegal activities, otherwise it would happen already into fiat.

Topic: Is bitcoin being used for illegal activities - page 16. (Read 139758 times)