Is bitcoin being used for illegal activities - page 22.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: clickerz on November 09, 2016, 11:56:22 PM

but on a side note...If bitcoin is banned or illegal in your country, any transaction you will do will be illegal as long as it involves bitcoin right? Eventhough your aim or purpose is legal or lawful.

That's right. If the government in your country issues a total Bitcoin ban for whatever entity, then the purpose of using Bitcoin doesn't necessarily makes a difference since you are using Bitcoin even though you know it's prohibited to do so. That's something they can punish you for. But if they know you bought drugs or weapons, then it makes things far more severe. The punishment for that will come on top of the punishment for using Bitcoin.

uname

sr. member

Activity: 420

Merit: 250

Quote from: clickerz on November 09, 2016, 11:56:22 PM

Quote from: betohell on November 09, 2016, 06:16:30 PM

Quote from: LordCoder on November 09, 2016, 09:45:57 AM

Yes it is indeed being used for illegal activities. The main reason? Provides no way to trace the person apparently. Yet, it is even easier to find some Bitcoin criminal than someone selling drugs and receiving notes.

yeah people know that using bitcoin then people will not know the intent of your transaction, then it is very likely that bitcoin is used for illegal activities

Yeah, but on a side note...If bitcoin is banned or illegal in your country, any transaction you will do will be illegal as long as it involves bitcoin right? Eventhough your aim or purpose is legal or lawful.

I think in some countries bitcoin prohibited. does not mean they are doing anything illegal. #imo
if you do a drug transaction with bitcoin might be said that illegal? because all countries prohibit it

YuginKadoya

legendary

Activity: 3038

Merit: 1169

Quote from: stomachgrowls on November 04, 2016, 11:15:16 AM

Quote from: YuginKadoya on November 04, 2016, 11:07:05 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 really think that your thread really meant nothing because bitcoin is a currency and just like other currency like dollar or other fiat money that are mostly involve in illegal transaction and can be involve in some illegal organization bitcoin is just the same if apply to some illegal activities that is why it is really common sense on what would people do with their bitcoin.

As long it has a value it would surely being used on illegal services and transaction. as you said its up to people decision on how they gonna handle this things and how they would use up their money. Bitcoin is being used for sure on illegal things because of its anonymity feature.

Yup! and that secure feature often times being used by people who's been illegally making transaction with bitcoin and I guess that is why the government wants their hands on controlling bitcoin so they could use it for themselves and I think there are other people that are imitating bitcoin that is why there are other coins out there.

Caladonian

hero member

Activity: 1302

Merit: 540

Quote from: n0ne on November 09, 2016, 11:14:52 PM

Quote from: LordCoder on November 09, 2016, 09:45:57 AM

Yes it is indeed being used for illegal activities. The main reason? Provides no way to trace the person apparently. Yet, it is even easier to find some Bitcoin criminal than someone selling drugs and receiving notes.

Agreed, through bitcoin illegal activities can be done without revealing the identity as mentioned by the above mate. Also through darknet places one can get services that were not available for fiat or any other currency.

that's the good use of it there's products and services that can't be bought using a local fiat and only accept btc for sure those people who transact illegally doesn't wants to reveal their self that's why btc is very useful for them.

Zadicar

legendary

Activity: 1386

Merit: 1020

DGbet.fun - Crypto Sportsbook

Quote from: clickerz on November 09, 2016, 11:56:22 PM

Quote from: betohell on November 09, 2016, 06:16:30 PM

Quote from: LordCoder on November 09, 2016, 09:45:57 AM

Yes it is indeed being used for illegal activities. The main reason? Provides no way to trace the person apparently. Yet, it is even easier to find some Bitcoin criminal than someone selling drugs and receiving notes.

yeah people know that using bitcoin then people will not know the intent of your transaction, then it is very likely that bitcoin is used for illegal activities

Yeah, but on a side note...If bitcoin is banned or illegal in your country, any transaction you will do will be illegal as long as it involves bitcoin right? Eventhough your aim or purpose is legal or lawful.

Banning bitcoin is the common way to stop these transaction but it cant really stop the illegal activities because transaction would happen underground and as we all know transactions could be hard to trace up because of anonymity of bitcoin thats why its still useless to ban it for sure.

clickerz

hero member

Activity: 1414

Merit: 505

Backed.Finance

Quote from: betohell on November 09, 2016, 06:16:30 PM

Quote from: LordCoder on November 09, 2016, 09:45:57 AM

Yes it is indeed being used for illegal activities. The main reason? Provides no way to trace the person apparently. Yet, it is even easier to find some Bitcoin criminal than someone selling drugs and receiving notes.

yeah people know that using bitcoin then people will not know the intent of your transaction, then it is very likely that bitcoin is used for illegal activities

Yeah, but on a side note...If bitcoin is banned or illegal in your country, any transaction you will do will be illegal as long as it involves bitcoin right? Eventhough your aim or purpose is legal or lawful.

BeetcoinScummer

full member

Activity: 215

Merit: 101

Quote from: bitcoin110011 on February 06, 2016, 07:11:09 AM

I see more and more acrticles of bitcoin being used for illegal activities

Hmmm ... I never noticed this, but now that you mentioned it, I think you may be on to something.

Quote from: bitcoin110011 on February 06, 2016, 07:11:09 AM

will this hurt bitcoin in the long run

Quite possibly. I think that you should play it safe and just sell all your bitcoins. Like all the chicken shits say: "Better safe than sorry!"

Quote from: bitcoin110011 on February 06, 2016, 07:11:09 AM

will governments ban this just like they started to do with paying in cash for some services
to harden the use of illegal , and money laundering

I think they should. It would be your duty to support any proposed legislation that attempts to ban Bitcoin. After all Bitcoin is evil! Grin

n0ne

hero member

Activity: 2618

Merit: 548

SecureShift.io | Crypto-Exchange

Quote from: LordCoder on November 09, 2016, 09:45:57 AM

Yes it is indeed being used for illegal activities. The main reason? Provides no way to trace the person apparently. Yet, it is even easier to find some Bitcoin criminal than someone selling drugs and receiving notes.

Agreed, through bitcoin illegal activities can be done without revealing the identity as mentioned by the above mate. Also through darknet places one can get services that were not available for fiat or any other currency.

Mr.grin

legendary

Activity: 1218

Merit: 1000

Quote from: madwica on November 09, 2016, 10:38:42 PM

Quote from: Conus on November 09, 2016, 10:10:19 PM

Quote from: South Park on November 08, 2016, 04:21:53 PM

[quote author=betohell link=topic=1355048.msg16788098#msg1678aafter watching deepweb, I felt that from the first bitcoin is always used for illegal activities, although currently bitcoin has been used for legal purposes. but I think it is very reasonable, because the transaction very quickly from bitcoin and anonymous transactions, making it supports illegal transactions8098 date=1478387870]

Quote from: rohmanbagol on November 05, 2016, 02:17:59 PM

i heard many illegal activities used bitcoin in deepweeb
but i think it will rise bitcoin in the future
many ppl used it so many ppl will look for it

yeah I think it is true that the news that there are many users who use bitcoin for illegal activities, even gambling also is illegal, because the bitcoin system are anonymous, this makes the user more comfortable using bitcoin for illegal activities

The legality of gambling depends from country to country so its impossible to generalize, in the subject of drugs the laws of the countries a re a lot closer to each other so you could draw some generalized arguments but even that is changing.

The issue I think people have with gambling is that the governments everywhere must get their cut. If they do not, then they decide to make it illegal. Just like alcohol and marijuana in the USA. It is illegal because the government could not get their cut at first.

Gambling is not illegal this is give entertainment to those people who have lots of money they do not ever know where they put their money that is why they do gambling. Bitcoin is can be used in illegal but this is depend on the users.
[/quote]
after watching deepweb, I felt that from the first bitcoin is always used for illegal activities, although currently bitcoin has been used for legal purposes. but I think it is very reasonable, because the transaction very quickly from bitcoin and anonymous transactions, making it supports illegal transactions

mirakal

legendary

Activity: 3108

Merit: 1290

Leading Crypto Sports Betting & Casino Platform

Quote from: Conus on November 09, 2016, 10:10:19 PM

Quote from: South Park on November 08, 2016, 04:21:53 PM

Quote from: betohell on November 05, 2016, 06:17:50 PM

Quote from: rohmanbagol on November 05, 2016, 02:17:59 PM

i heard many illegal activities used bitcoin in deepweeb
but i think it will rise bitcoin in the future
many ppl used it so many ppl will look for it

yeah I think it is true that the news that there are many users who use bitcoin for illegal activities, even gambling also is illegal, because the bitcoin system are anonymous, this makes the user more comfortable using bitcoin for illegal activities

The legality of gambling depends from country to country so its impossible to generalize, in the subject of drugs the laws of the countries a re a lot closer to each other so you could draw some generalized arguments but even that is changing.

The issue I think people have with gambling is that the governments everywhere must get their cut. If they do not, then they decide to make it illegal. Just like alcohol and marijuana in the USA. It is illegal because the government could not get their cut at first.

It's not an issue for us here living in the crypto world as bitcoin is anonymous and they cannot control it. It's the only pleasure we have here that we can use our bitcoin at any activity we want, may it be illegal or not. Time will come maybe but the govern will be having a hard time to tax bitcoin.

madwica

hero member

Activity: 714

Merit: 531

Quote from: Conus on November 09, 2016, 10:10:19 PM

Quote from: South Park on November 08, 2016, 04:21:53 PM

Quote from: betohell on November 05, 2016, 06:17:50 PM

Quote from: rohmanbagol on November 05, 2016, 02:17:59 PM

i heard many illegal activities used bitcoin in deepweeb
but i think it will rise bitcoin in the future
many ppl used it so many ppl will look for it

yeah I think it is true that the news that there are many users who use bitcoin for illegal activities, even gambling also is illegal, because the bitcoin system are anonymous, this makes the user more comfortable using bitcoin for illegal activities

The legality of gambling depends from country to country so its impossible to generalize, in the subject of drugs the laws of the countries a re a lot closer to each other so you could draw some generalized arguments but even that is changing.

The issue I think people have with gambling is that the governments everywhere must get their cut. If they do not, then they decide to make it illegal. Just like alcohol and marijuana in the USA. It is illegal because the government could not get their cut at first.

Gambling is not illegal this is give entertainment to those people who have lots of money they do not ever know where they put their money that is why they do gambling. Bitcoin is can be used in illegal but this is depend on the users.

Conus

full member

Activity: 236

Merit: 250

Quote from: South Park on November 08, 2016, 04:21:53 PM

Quote from: betohell on November 05, 2016, 06:17:50 PM

Quote from: rohmanbagol on November 05, 2016, 02:17:59 PM

i heard many illegal activities used bitcoin in deepweeb
but i think it will rise bitcoin in the future
many ppl used it so many ppl will look for it

yeah I think it is true that the news that there are many users who use bitcoin for illegal activities, even gambling also is illegal, because the bitcoin system are anonymous, this makes the user more comfortable using bitcoin for illegal activities

The legality of gambling depends from country to country so its impossible to generalize, in the subject of drugs the laws of the countries a re a lot closer to each other so you could draw some generalized arguments but even that is changing.

The issue I think people have with gambling is that the governments everywhere must get their cut. If they do not, then they decide to make it illegal. Just like alcohol and marijuana in the USA. It is illegal because the government could not get their cut at first.

serjent05

legendary

Activity: 3010

Merit: 1280

Get $2100 deposit bonuses & 60 FS

Quote from: bitkilo on November 09, 2016, 07:42:12 PM

Quote from: goinmerry on November 09, 2016, 09:39:45 AM

Quote from: Doamader on November 09, 2016, 09:00:34 AM

Quote from: Xenophoto on November 09, 2016, 07:45:52 AM

Quote from: sobsitesearch on November 08, 2016, 07:07:39 AM

We do not have contract in bitcoin there is no information to trace all the transaction in bitcoin that is why bitcoin can be used in illegal activities and it is depending on the users.

Actually we can see all the transactions going on in the blockchain network. If you do know the bitcoin address of somebody, you can see all of his transactions history from the start. That's the beauty of digital transactions, everything can easily be traced if you know how to and to whom does those address belongs to. It's all about connecting all the available information. On the other hand, it's also easy to mask your identity online.

We can trace anyone that works into dark marketplaces, but the thing is they can use a single adress for each transaction, in fact i do believe they work that way, otherwise they would be easy found, bitcoin its money soo it will be used for legal and ilegal stuffs, no way to prevent those.

I think they would be clever than that. They will make multi address to avoid being found easily and they might use different wallets also from different websites paying with a little amount to avoid being questioned or the need to give information.

You can use a many addresses as you want but if all you are doing is sending the coins from one wallet to another it won't be too hard to track you down. To be a little more confident that your transactions are not being traced you will have to send your coins through a bitcoin mixer.

Yes bitcoin transaction is not that anonymous, addresses used and its transaction can be traced. So there are some services that enables you to make tracing the addresses use more difficult thru mixer services. But I read somewhere that this services advertisement are just exaggerated since it is not that difficult to trace even with those mixing procedures. I wonder if that statement is true.

bitkilo

legendary

Activity: 1638

Merit: 1010

https://www.bitcoin.com/

Quote from: goinmerry on November 09, 2016, 09:39:45 AM

Quote from: Doamader on November 09, 2016, 09:00:34 AM

Quote from: Xenophoto on November 09, 2016, 07:45:52 AM

Quote from: sobsitesearch on November 08, 2016, 07:07:39 AM

We do not have contract in bitcoin there is no information to trace all the transaction in bitcoin that is why bitcoin can be used in illegal activities and it is depending on the users.

Actually we can see all the transactions going on in the blockchain network. If you do know the bitcoin address of somebody, you can see all of his transactions history from the start. That's the beauty of digital transactions, everything can easily be traced if you know how to and to whom does those address belongs to. It's all about connecting all the available information. On the other hand, it's also easy to mask your identity online.

We can trace anyone that works into dark marketplaces, but the thing is they can use a single adress for each transaction, in fact i do believe they work that way, otherwise they would be easy found, bitcoin its money soo it will be used for legal and ilegal stuffs, no way to prevent those.

I think they would be clever than that. They will make multi address to avoid being found easily and they might use different wallets also from different websites paying with a little amount to avoid being questioned or the need to give information.

You can use a many addresses as you want but if all you are doing is sending the coins from one wallet to another it won't be too hard to track you down. To be a little more confident that your transactions are not being traced you will have to send your coins through a bitcoin mixer.

Doamader

hero member

Activity: 756

Merit: 501

Quote from: South Park on November 09, 2016, 05:11:41 PM

Quote from: Doamader on November 09, 2016, 09:00:34 AM

Quote from: Xenophoto on November 09, 2016, 07:45:52 AM

Quote from: sobsitesearch on November 08, 2016, 07:07:39 AM

We do not have contract in bitcoin there is no information to trace all the transaction in bitcoin that is why bitcoin can be used in illegal activities and it is depending on the users.

Actually we can see all the transactions going on in the blockchain network. If you do know the bitcoin address of somebody, you can see all of his transactions history from the start. That's the beauty of digital transactions, everything can easily be traced if you know how to and to whom does those address belongs to. It's all about connecting all the available information. On the other hand, it's also easy to mask your identity online.

We can trace anyone that works into dark marketplaces, but the thing is they can use a single adress for each transaction, in fact i do believe they work that way, otherwise they would be easy found, bitcoin its money soo it will be used for legal and ilegal stuffs, no way to prevent those.

Well, using a single address for each transaction should be common practice and not only practiced by such people besides they are probably also tumbling their coins and using the Tor network, different wallets, different places to access the Internet and even different computers.

I do believe the most of you didnt read my post at all, i said they should use one single adress for each transaction. If they were to use just one single account it would be some exchange wallet, where they can get paid and send the coins to whatever they wanna.

betohell

sr. member

Activity: 476

Merit: 250

Quote from: LordCoder on November 09, 2016, 09:45:57 AM

Yes it is indeed being used for illegal activities. The main reason? Provides no way to trace the person apparently. Yet, it is even easier to find some Bitcoin criminal than someone selling drugs and receiving notes.

yeah people know that using bitcoin then people will not know the intent of your transaction, then it is very likely that bitcoin is used for illegal activities

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: Doamader on November 09, 2016, 09:00:34 AM

Quote from: Xenophoto on November 09, 2016, 07:45:52 AM

Quote from: sobsitesearch on November 08, 2016, 07:07:39 AM

We do not have contract in bitcoin there is no information to trace all the transaction in bitcoin that is why bitcoin can be used in illegal activities and it is depending on the users.

Actually we can see all the transactions going on in the blockchain network. If you do know the bitcoin address of somebody, you can see all of his transactions history from the start. That's the beauty of digital transactions, everything can easily be traced if you know how to and to whom does those address belongs to. It's all about connecting all the available information. On the other hand, it's also easy to mask your identity online.

We can trace anyone that works into dark marketplaces, but the thing is they can use a single adress for each transaction, in fact i do believe they work that way, otherwise they would be easy found, bitcoin its money soo it will be used for legal and ilegal stuffs, no way to prevent those.

Well, using a single address for each transaction should be common practice and not only practiced by such people besides they are probably also tumbling their coins and using the Tor network, different wallets, different places to access the Internet and even different computers.

Harlot

hero member

Activity: 1806

Merit: 672

Quote from: LordCoder on November 09, 2016, 09:45:57 AM

Yes it is indeed being used for illegal activities. The main reason? Provides no way to trace the person apparently. Yet, it is even easier to find some Bitcoin criminal than someone selling drugs and receiving notes.

How can they be easier to find? Heck criminals of Bitcoin are harder to find then real criminals, why? Because they do their felonies online, it is easy for them to create a new website in minutes claiming their company is real, with new emails they can create new Bitcoin addresses in which they can transfer what they stole and make it more untraceable.

LordCoder

hero member

Activity: 712

Merit: 500

Yes it is indeed being used for illegal activities. The main reason? Provides no way to trace the person apparently. Yet, it is even easier to find some Bitcoin criminal than someone selling drugs and receiving notes.

carlfebz2

hero member

Activity: 2926

Merit: 722

DGbet.fun - Crypto Sportsbook

Quote from: goinmerry on November 09, 2016, 09:39:45 AM

Quote from: Doamader on November 09, 2016, 09:00:34 AM

Quote from: Xenophoto on November 09, 2016, 07:45:52 AM

Quote from: sobsitesearch on November 08, 2016, 07:07:39 AM

We do not have contract in bitcoin there is no information to trace all the transaction in bitcoin that is why bitcoin can be used in illegal activities and it is depending on the users.

Actually we can see all the transactions going on in the blockchain network. If you do know the bitcoin address of somebody, you can see all of his transactions history from the start. That's the beauty of digital transactions, everything can easily be traced if you know how to and to whom does those address belongs to. It's all about connecting all the available information. On the other hand, it's also easy to mask your identity online.

We can trace anyone that works into dark marketplaces, but the thing is they can use a single adress for each transaction, in fact i do believe they work that way, otherwise they would be easy found, bitcoin its money soo it will be used for legal and ilegal stuffs, no way to prevent those.

I think they would be clever than that. They will make multi address to avoid being found easily and they might use different wallets also from different websites paying with a little amount to avoid being questioned or the need to give information.

If you are a pro scammer and a hacker you would surely do things that anyone couldnt able to trace you up, as you said they could able to use multiple addresses in able hard to trace or use coin mixers ,with these things you cannot trace them easily thats why bitcoin is being used on illegal activities and we cant really stop that.

Topic: Is bitcoin being used for illegal activities - page 22. (Read 139744 times)