Is bitcoin being used for illegal activities - page 29.

arransiv

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Quote from: Anemed on November 02, 2016, 01:59:25 PM

I wish BTC is not used for illegal activities though it is a currency. Legal and illegal activities require money. It depends on who uses the coins. Lets utilize the bitcoins only for good purposes as it was created to benefit all and lets bring more fame and name to bitcoins and its founders.

With the anonymous factor and descentralized factor? I believe bitcoin was created for ilegal propouses or at least a lot of transactions are linked with something ilegal, we can't stop it and that's why bitcoin have this price.

BitHodler

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Quote from: dimonchik13 on November 02, 2016, 04:51:06 PM

Bitcoin offers anonymity of its users, and therefore makes it possible to apply or use criminals for bad purposes. I do not think that this situation will lead to the popularity of bitcoin.

Only rookies and average Joe type of people that got brainwashed by the media channels think that Bitcoin being used by criminals is a bad thing.

In that matter, these people (you seem to be one as well) must look at how many horrific things are being financed with fiat currencies.

If you blame Bitcoin for illegal activities conducted by people, then you must blame fiat as well. Otherwise no one will take your words serious.

dimonchik13

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Bitcoin offers anonymity of its users, and therefore makes it possible to apply or use criminals for bad purposes. I do not think that this situation will lead to the popularity of bitcoin.

Anemed

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I wish BTC is not used for illegal activities though it is a currency. Legal and illegal activities require money. It depends on who uses the coins. Lets utilize the bitcoins only for good purposes as it was created to benefit all and lets bring more fame and name to bitcoins and its founders.

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Quote from: South Park on November 01, 2016, 06:58:40 PM

Quote from: rottenfruits on October 29, 2016, 12:15:59 PM

Of course, Bitcoin is a currency, Therefore it's being used for illegal activity and that's a given, even USD is being used for illegal activity as well as any currency in the world... The fault is on the one using it for illegal activity not the currency.

Correct the currency does not have some kind of magical power in order to determine if the trade it’s being used is legal or illegal so it’s the responsibility of the user.

Yes it depends on the user on how he is going to use bitcoin, for good or for bad things. Since many people are already into bitcoins. We can't deny the fact that it is being used for different illegal activities. Since bitcoin is anonymous, the people who are doing that are taking advantage for using it since their information are not included per transaction.

Just a small correction bitcoin is not anonymous its pseudonymous since in order to reach a good level of anonymity you will need to take some measures like washing your coins and using Tor or something similar.

goldcoinminer

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Quote from: buyinbtc on November 02, 2016, 02:37:42 AM

People use bitcoins for what they want, booth legal and illegal stuff, but also people use normal money for illegal things to, so we can't blame bitcoins for that

Smart people uses bitcoin because it cannot be trace since we are preserving our privacy here and we can do whatever we want with our bitcoin. As long as we spend regardless of the way we do it, what is important is we were able to help the economy of bitcoin progress. It will create the demand and will make bitcoin great.

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People use bitcoins for what they want, booth legal and illegal stuff, but also people use normal money for illegal things to, so we can't blame bitcoins for that

Factmine

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Quote from: betohell on November 01, 2016, 10:19:32 AM

Quote from: Factmine on November 01, 2016, 09:04:23 AM

It will all boil down to informing the public how bitcoin can be used. Everything can be used for evil, even paper money we all trust and love. It's just that the world is not yet ready for a currency that is decentralized and fully electronic. Learning Bitcoin can be daunting to a first timer. This is another reason why Bitcoin has not yet gained enough popularity for it to be used in everyday life.

yeah everyone can do illegal things using various methods, but being special of bitcoin is anonymous of bitcoin itself, so it bitcoin made more secure for illegal activities ?

Yes, that's true. Because anonymity is one of the features of Bitcoin that brought its great popularity into the darknet. But, money can also be anonymous. It's just how it is used by people who buy illegal or bad things.

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Quote from: genos on November 01, 2016, 10:02:32 PM

Quote from: croutonhexagon on November 01, 2016, 09:38:50 PM

Of course bitcoin is used for illegal activities because of its pseudonymous characteristic. Because when we send bitcoin no one will come to argue that why we had send such a huge amount of money what what purpose we had sent the money. But if it was with bank account then they would restrict sending of huge amount. And also here transaction feees is too low that makes the usage of bitcoin in illegal activities.

No one can easily trace bitcoin transaction, even goverment or their police. Use bitcoin in illegal transaction like buy drugs, money loundry or any cyber crime is bad for bitcoin image. Although it is not bitcoin fault but it will affect of mass perspectif.

Well, although bitcoin isn't easily traced it still can be traced. If you use a bitcoin mixer, however, it will improve the anonymity of your coins. I think so too that the bitcoin image is being screwed over by those illegal activities. But there is seriously nothing we can do about it.

genos

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Quote from: croutonhexagon on November 01, 2016, 09:38:50 PM

Of course bitcoin is used for illegal activities because of its pseudonymous characteristic. Because when we send bitcoin no one will come to argue that why we had send such a huge amount of money what what purpose we had sent the money. But if it was with bank account then they would restrict sending of huge amount. And also here transaction feees is too low that makes the usage of bitcoin in illegal activities.

No one can easily trace bitcoin transaction, even goverment or their police. Use bitcoin in illegal transaction like buy drugs, money loundry or any cyber crime is bad for bitcoin image. Although it is not bitcoin fault but it will affect of mass perspectif.

croutonhexagon

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Of course bitcoin is used for illegal activities because of its pseudonymous characteristic. Because when we send bitcoin no one will come to argue that why we had send such a huge amount of money what what purpose we had sent the money. But if it was with bank account then they would restrict sending of huge amount. And also here transaction feees is too low that makes the usage of bitcoin in illegal activities.

lEgEndArIUs

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Yes. If you did not watched Deepweb, you will not know that bitcoins were used in deepweb transactions, mostly drugs, human trafficking, child porn, gore, torture videos, beastiality, human experiments, sniper for hire and so many more that you can do also with fiat currency.

madwica

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Quote from: Yakamoto on November 01, 2016, 07:38:27 PM

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Quote from: South Park on November 01, 2016, 06:58:40 PM

Quote from: rottenfruits on October 29, 2016, 12:15:59 PM

Of course, Bitcoin is a currency, Therefore it's being used for illegal activity and that's a given, even USD is being used for illegal activity as well as any currency in the world... The fault is on the one using it for illegal activity not the currency.

Correct the currency does not have some kind of magical power in order to determine if the trade it’s being used is legal or illegal so it’s the responsibility of the user.

Yes it depends on the user on how he is going to use bitcoin, for good or for bad things. Since many people are already into bitcoins. We can't deny the fact that it is being used for different illegal activities. Since bitcoin is anonymous, the people who are doing that are taking advantage for using it since their information are not included per transaction.

Everything comes down to the intent of the user. Users of Bitcoin, silver, gold, US Dollars, whatever it may be, can be using their medium of choice to do legal or illegal activities with it. Nothing really stops them from doing it, the law only stops them when they get caught. That's it. If there is a will there is a way.

Agree that it is always depend on the users if they want to use it in illegal we can not please them not to do because we are all have freedom to used bitcoin what ever where we want to used it.

Yakamoto

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Quote from: South Park on November 01, 2016, 06:58:40 PM

Quote from: rottenfruits on October 29, 2016, 12:15:59 PM

Of course, Bitcoin is a currency, Therefore it's being used for illegal activity and that's a given, even USD is being used for illegal activity as well as any currency in the world... The fault is on the one using it for illegal activity not the currency.

Correct the currency does not have some kind of magical power in order to determine if the trade it’s being used is legal or illegal so it’s the responsibility of the user.

Yes it depends on the user on how he is going to use bitcoin, for good or for bad things. Since many people are already into bitcoins. We can't deny the fact that it is being used for different illegal activities. Since bitcoin is anonymous, the people who are doing that are taking advantage for using it since their information are not included per transaction.

Everything comes down to the intent of the user. Users of Bitcoin, silver, gold, US Dollars, whatever it may be, can be using their medium of choice to do legal or illegal activities with it. Nothing really stops them from doing it, the law only stops them when they get caught. That's it. If there is a will there is a way.

SvenBomvolen

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Quote from: BillyBobZorton on November 01, 2016, 10:40:06 AM

I remember a speech by Andreas Antonopoulos where he said that if a currency is not use for drugs and prostitution then it's simply not a currency, this always applies to every currency ever invented and it's pretty much the truth. So if it's not used for illegal activities, it's not a currency.

I didn`t hear for this speech, all I can say that this is the truth. Every currency is being constantly used in history and present time for good and bad things, only difference that laws and culture is not same everywhere.
If people don`t use bitcoin for all sorts of payments, including drugs and sex, and other illegal activities then it doesn`t have a chance to be real currency one day, used by everyone in this world.

dbstmddhks

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Bad things are going on blockchain ..

South Park

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Quote from: rottenfruits on October 29, 2016, 12:15:59 PM

Of course, Bitcoin is a currency, Therefore it's being used for illegal activity and that's a given, even USD is being used for illegal activity as well as any currency in the world... The fault is on the one using it for illegal activity not the currency.

Correct the currency does not have some kind of magical power in order to determine if the trade it’s being used is legal or illegal so it’s the responsibility of the user.

Rinder

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Quote from: BillyBobZorton on November 01, 2016, 10:40:06 AM

I remember a speech by Andreas Antonopoulos where he said that if a currency is not use for drugs and prostitution then it's simply not a currency, this always applies to every currency ever invented and it's pretty much the truth. So if it's not used for illegal activities, it's not a currency.

Well there is some sense at those statement of drugs and prostitution, the same way fiat is used to those bitcoin can be used as well, i dont see why bitcoin wouldnt be used for good or bad websites its a currency even while not be recognized.

BillyBobZorton

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I remember a speech by Andreas Antonopoulos where he said that if a currency is not use for drugs and prostitution then it's simply not a currency, this always applies to every currency ever invented and it's pretty much the truth. So if it's not used for illegal activities, it's not a currency.

betohell

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Quote from: Factmine on November 01, 2016, 09:04:23 AM

It will all boil down to informing the public how bitcoin can be used. Everything can be used for evil, even paper money we all trust and love. It's just that the world is not yet ready for a currency that is decentralized and fully electronic. Learning Bitcoin can be daunting to a first timer. This is another reason why Bitcoin has not yet gained enough popularity for it to be used in everyday life.

yeah everyone can do illegal things using various methods, but being special of bitcoin is anonymous of bitcoin itself, so it bitcoin made more secure for illegal activities ?

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