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Topic: Is bitcoin being used for illegal activities - page 23. (Read 139750 times)

legendary
Activity: 3318
Merit: 1133
Leading Crypto Sports Betting & Casino Platform
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.

Correct. They will erase all those tracks. They will use a internet cafe to not be traced. Mostly hackers do that and not use their own ip address.
legendary
Activity: 2940
Merit: 1083
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.
hero member
Activity: 756
Merit: 501
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.
legendary
Activity: 1386
Merit: 1020
DGbet.fun - Crypto Sportsbook
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.

correct,  its really depends  on  which  country  though  and we   must   not  generalize  all laws on  all countries  because they  really do  differ in many ways. In speaking of  drugs  its  very  illegal and  i didnt  heared   any country which  legalize drugs , Its  just an  insane  thing to do  or  implement/ consider.  Bitcoin  could always available to use  on  illegal activities  because  of  its anonymity  characteristics.
hero member
Activity: 826
Merit: 502
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.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
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.
sr. member
Activity: 1050
Merit: 252
Yes they are, and that's probably what makes a portion of its value. That's good that such people use Bitcoin. At least they make the value climb.
Currently too much use of bitcoin in illegal activities is worrying for me as I read some time ago few peoples take ransom in bitcoins after kidnapings in few countries this can hurt us badly 

Yeah that's right and it seems like it's impossible for the authority to catch those f*cking criminals . Because of some illegal activities bitcoin is appearing to be not good or illegal to some of the people .
legendary
Activity: 2058
Merit: 1030
I'm looking for free spin.
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.

Correct. Those who just transact with a higher amount of bitcoin are being mandate to put some information about themselves but they can just transact in minimal to avoid being traced by any authorities.
There is other alternative to dont trace those high amount we have bitcoin mixer like bitmixer to dont trace where your bitcoins from after that you covert it into perfect money and you can withdraw it in your perfect money using their business partner exchangers.. and ask for withdrawal.. or sending money to your place..  i think they can trace in this methods..
sr. member
Activity: 322
Merit: 250
no dought bitcoin is an good way to anonymousingly transact anyones money into the network. why would those deepnet sites will not accept bitcoin most of them do accept it as a payment. well i never bought anything illigal or anything from deepnet but still i have seen their products
legendary
Activity: 3318
Merit: 1133
Leading Crypto Sports Betting & Casino Platform
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.

Correct. Those who just transact with a higher amount of bitcoin are being mandate to put some information about themselves but they can just transact in minimal to avoid being traced by any authorities.
sr. member
Activity: 490
Merit: 250
Bitcoin is a digital currency and it can be transferred anywhere without the knowledge of anyone else. Bitcoin has a big chance to use for illegal activities.
However the same is applied worldwide since any currency in the world is being used for anything, so the fault is the users who use for bad things and not the fault of the currency itself.
sr. member
Activity: 406
Merit: 250
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.
hero member
Activity: 518
Merit: 500
Bitcoin really is used for illegal activities. It is always used everyday for illegal activities such as drug buying, selling, gun buy and sell, and many more illegal items that are for sale in the deepweb. They use it since it is very convenient and it leaves no track of their identity unless they have been tracked through their ip addresses and bitcoin address. More or less there's less risk involved for them if they're using bitcoin.
Yes you are right there are some users who use bitcoins for illegal activities like you said, but the bitcoins can be used for legal activities too are like donation, payment method on online shopping and the point is depend on the users who will do with bitcoins.
hero member
Activity: 560
Merit: 500
Bitcoin really is used for illegal activities. It is always used everyday for illegal activities such as drug buying, selling, gun buy and sell, and many more illegal items that are for sale in the deepweb. They use it since it is very convenient and it leaves no track of their identity unless they have been tracked through their ip addresses and bitcoin address. More or less there's less risk involved for them if they're using bitcoin.
sr. member
Activity: 378
Merit: 250
BULL RUN until 2030
Like anything bitcoin is no exception imo, imagine that you can actually kill people with a bloody spoon.
That said then you can get the idea of what could be used for doing bad things.

Since bitcoin is considered as money by many, then it could be used as accessory to an illegal activity, possibly a substitute to money. It's lesser hassle since if you were caught you could immediately dispose the bitcoin to another wallet or just destroy the thing that you use to transfer it and you're done, no evidence.
Because bitcoin is not monitored like the money where there's a serial number as it is monitored by the bank, bitcoin is hard to trace, they can trace the system particularly in the block chain but they would not know who is the specific person.
hero member
Activity: 798
Merit: 500
★YoBit.Net★ 350+ Coins Exchange & Dice
Like anything bitcoin is no exception imo, imagine that you can actually kill people with a bloody spoon.
That said then you can get the idea of what could be used for doing bad things.

Since bitcoin is considered as money by many, then it could be used as accessory to an illegal activity, possibly a substitute to money. It's lesser hassle since if you were caught you could immediately dispose the bitcoin to another wallet or just destroy the thing that you use to transfer it and you're done, no evidence.
hero member
Activity: 588
Merit: 541
Like anything bitcoin is no exception imo, imagine that you can actually kill people with a bloody spoon.
That said then you can get the idea of what could be used for doing bad things.
hero member
Activity: 630
Merit: 500
Cryptocurrency Wallet - Denaro.io
But Bitcoin itself does not promote criminal acts, its what the crimanal's ideas that make Bitcoin look bad. If you can see it properly Bitcoin has been created for anonymity and privacy in which crimanals took advantage of, well its too late now for the government to stop the circulation of Bitcoin if that is there solution as many people already own a hefty amount of Bitcoin as there asset.
that is a good point. bitcoin does not promote, because bitcoin does not care what you do with your money. also how would you want to handle this, if bitcoin is used internationally, but in different nations apply different laws. what is in one legal might be illegal in the other. 

For me i could not pin point to something which may lead to illegal activities with these bitcoin but for sure scammers maybe doing such unpleasant matters, and that is considered not legal actions. If a person of other countries will use bitcoin as instrument of their illegal activities thats uncontrolled because we as a person has its own will and decision. I'm pretty sure if these people did such unacceptable acts this will not go though for long period of time and surely they will be jailed by authorities soon.
sr. member
Activity: 280
Merit: 253
But Bitcoin itself does not promote criminal acts, its what the crimanal's ideas that make Bitcoin look bad. If you can see it properly Bitcoin has been created for anonymity and privacy in which crimanals took advantage of, well its too late now for the government to stop the circulation of Bitcoin if that is there solution as many people already own a hefty amount of Bitcoin as there asset.
that is a good point. bitcoin does not promote, because bitcoin does not care what you do with your money. also how would you want to handle this, if bitcoin is used internationally, but in different nations apply different laws. what is in one legal might be illegal in the other. 
hero member
Activity: 1806
Merit: 672
But Bitcoin itself does not promote criminal acts, its what the crimanal's ideas that make Bitcoin look bad. If you can see it properly Bitcoin has been created for anonymity and privacy in which crimanals took advantage of, well its too late now for the government to stop the circulation of Bitcoin if that is there solution as many people already own a hefty amount of Bitcoin as there asset.
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