Is bitcoin being used for illegal activities - page 23.

danherbias07

legendary

Activity: 3346

Merit: 1134

Leading Crypto Sports Betting & Casino Platform

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.

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.

goinmerry

legendary

Activity: 2940

Merit: 1083

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.

Doamader

hero member

Activity: 756

Merit: 501

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.

Zadicar

legendary

Activity: 1386

Merit: 1020

DGbet.fun - Crypto Sportsbook

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.

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.

Xenophoto

hero member

Activity: 826

Merit: 502

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.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

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.

ardentvolcanoes

sr. member

Activity: 1050

Merit: 252

Quote from: BitcoinMarshal on November 07, 2016, 05:13:55 PM

Quote from: Maskedman on November 07, 2016, 05:06:18 PM

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 .

socks435

legendary

Activity: 2058

Merit: 1030

I'm looking for free spin.

Quote from: danherbias07 on November 08, 2016, 11:07:24 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.

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..

krishna1

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

danherbias07

legendary

Activity: 3346

Merit: 1134

Leading Crypto Sports Betting & Casino Platform

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.

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.

rababo

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.

sobsitesearch

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.

CraigWrightBTC

hero member

Activity: 518

Merit: 500

Quote from: Seansky on November 08, 2016, 07:01:40 AM

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.

Seansky

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.

Positid

sr. member

Activity: 378

Merit: 250

BULL RUN until 2030

Quote from: diegz on November 08, 2016, 05:45:07 AM

Quote from: freebutcaged on November 08, 2016, 05:35:38 AM

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.

diegz

hero member

Activity: 798

Merit: 500

★YoBit.Net★ 350+ Coins Exchange & Dice

Quote from: freebutcaged on November 08, 2016, 05:35:38 AM

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.

freebutcaged

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.

Babayega31

hero member

Activity: 630

Merit: 500

Cryptocurrency Wallet - Denaro.io

Quote from: Senor.Bla on November 08, 2016, 05:04:08 AM

Quote from: Harlot on November 08, 2016, 03:59:06 AM

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.

Senor.Bla

sr. member

Activity: 280

Merit: 253

Quote from: Harlot on November 08, 2016, 03:59:06 AM

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.

Harlot

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.

Topic: Is bitcoin being used for illegal activities - page 23. (Read 139758 times)