Is bitcoin being used for illegal activities - page 30.

Caladonian

hero member

Activity: 1302

Merit: 540

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.

and we needed to make more transaction in order to make it more popular whatever uses it can be it is still the good part of it should we
consider, bitcoin is a currency that will be more and more popular in coming years after people realize how it will work for them.

Factmine

sr. member

Activity: 310

Merit: 250

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.

Qunenin

hero member

Activity: 966

Merit: 506

Quote from: Positid on November 01, 2016, 01:28:21 AM

Quote from: Invulner on November 01, 2016, 12:52:00 AM

Bitcoin is definitely being used for illegal activities, but hey, united states dollars and great britain pounds are also being used for illegal activites! And they are currency produced by the government. So are you going to blame the government for facilitating these illegal trades because they are printing the currency? Definitely not!

There's no difference between the fiat and bitcoin because that two can be used in illegal activities and if people are concluding that bitcoin is mostly use for illegal activities but how do you rate fiat since fiat users are 99% of the total world population and that makes a statement that all can be use for illegal activities and fiat are mostly used than bitcoin.

But it depend on us how we use the bitcoin or fiat currency in illegal ways or legal ways, Actually we can't blame to bitcoin that we are using it in wrong way, but he is right, we can use bitcoin easily in illegal activities. But in my point of view, both crypto and fiat currency have same using for illegal, because who know to use the bitcoin for illegal activities than definitely they know to use the fiat currency in illegal ways.

David Walters

newbie

Activity: 31

Merit: 0

Everything can be used for evil, so of course bitcoin is not excluded. Obviously there were a bunch of illegal transactions every day, just like every currency.. Ignorant people blame bitcoin.

buddu

hero member

Activity: 700

Merit: 500

This is understandable thing that Bitcoin is being used for illegal activities without any doubt. The real question is only Bitcoin is being used or everything else like fiat money and previous metals even real estates are being used as well or not. The answer is everything which will be useful will have its usage for good and bad purposes without any difference.

delliaerd

hero member

Activity: 672

Merit: 500

Quote from: jossiel on November 01, 2016, 04:33:16 AM

Quote from: visionary on November 01, 2016, 04:24:01 AM

user is evil，not bitcoin

Whether it is with bitcoin or not, the result is always becoming with the user. So if a user wants to earn with bad activities we can't force them to stop.
And that is real and happening so we can't deny that bitcoin is being used in illegal activities. Because in real life, fiat money or dollars are being use in illegal activities where it all started.

Yeah no one can stop user who using bitcoin for illegal activities. People only can give admonition for these people. Usually they playing Gambling or transactions bitcoin for drug. It is the most they do.
Buy and sell drug with bitcoin transactions as payment. They get a advantage from bitcoin feature as like anonymous uses.

Wandering Soul~

sr. member

Activity: 406

Merit: 250

Wolf

Quote from: Invulner on November 01, 2016, 12:52:00 AM

Bitcoin is definitely being used for illegal activities, but hey, united states dollars and great britain pounds are also being used for illegal activites! And they are currency produced by the government. So are you going to blame the government for facilitating these illegal trades because they are printing the currency? Definitely not!

UP FOR THIS! It is a fact that bitcoin is being used for illegal activities, And of course any other currencies are also used for this. It's just that bitcoin has this feature called 'anomity' that makes it great for illegal activities.

But we should not blame the currency itself for this. After all it depends on the user on how he/she use the currency. Any currency can be used for illegal activity.

jossiel

hero member

Activity: 3150

Merit: 636

DGbet.fun - Crypto Sportsbook

Quote from: visionary on November 01, 2016, 04:24:01 AM

user is evil，not bitcoin

Whether it is with bitcoin or not, the result is always becoming with the user. So if a user wants to earn with bad activities we can't force them to stop.
And that is real and happening so we can't deny that bitcoin is being used in illegal activities. Because in real life, fiat money or dollars are being use in illegal activities where it all started.

visionary

hero member

Activity: 966

Merit: 587

user is evil，not bitcoin

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: Factmine on November 01, 2016, 02:47:30 AM

You can't really blame people who are uninformed about bitcoin. First, Bitcoin was popularized by the use in the darknet through the silkroad and because of that it really had a bad first impression to the world.

We actually can blame people for thinking like how they are doing right now. Especially in the case of them so easily taking everything the media says for granted. It doesn't cost a lot effort to do some research yourself in order to know what Bitcoin is, and how it can be used to benefit them. But instead, they just assume Bitcoin is like the media is saying it is.

SilkRoad can be seen as the very first successful merchant depending fully on Bitcoin. At the time I entered the world of Bitcoin, this didn't bother me at all. I didn't look at it as being a negative point. I looked at it as being a great example of how well Bitcoin is working as currency tool.

Quote from: Factmine on November 01, 2016, 02:47:30 AM

What we should do, as bitcoin advocates, is that we promote bitcoin as a currency that can be used for our basic needs like groceries and pay our bills.

Yep. If people after that still don't see much added value in using Bitcoin, then you at least have tried it, and they know what Bitcoin is. When at some point they are ready for it, then they know where and what to look for.

Mastsetad

sr. member

Activity: 672

Merit: 250

Quote from: dunfida on October 31, 2016, 10:33:03 PM

Bitcoin is really being used on illegal transactions because of its anonymity features and its really normal that people would really tend to use it on illegal stuffs because authorities would really have a hard time to trace them up regarding on their activities. This is somehow the disadvantage of anonymity but it really depends on the user on how he gonna use bitcoin for any purposes. This also gives negative image to bitcoin also.

Bitcoin transactions or activities cannot be tracked at all, no one can really know if the transaction we see is done by whom, that is what we call anonymity of bitcoin, if we could trace the person doing the transactions then it would not have been anonymous at all, and this as an advantage for a lot of people is being used in a bad way by some which we call illegal.

serjent05

legendary

Activity: 3052

Merit: 1281

Get $2100 deposit bonuses & 60 FS

Quote from: Factmine on November 01, 2016, 02:47:30 AM

Quote from: 1Referee on November 01, 2016, 02:36:43 AM

Quote from: ?? on ??

Quote from: dEjAvU97 on November 01, 2016, 01:36:45 AM

Yes some bitcoins are used for illegal activity but the focus on banning or controlling should be on the items banned themselves not the payment method, Dollar is used by criminals as well and it is not banned.

Yes, true! Anything can be used for bad! Gold can be used to buy things as well as money. And this two modes of payment has been used to pay for evil objects like nuclear bombs, drugs, guns and other things. It's not the payment method but the item.

Everything with value such as oil, Gold, diamonds, paintings, drugs, weapons, etc, can function as a currency to finanace terrorism for example. What bothers me is that always when something minor happens with Bitcoin as point of attention (like a hacker asking for 10BTC ransom for example), the whole media seems to jump on it to show the outside world how bad and dangerous an internet currency as Bitcoin is.

There are even times where the media is referring to Bitcoin as being the currency of the underworld. It just shows that they have an anti Bitcoin campaign running either sponsored by the government, or they are owned by the very elite that do depend on the current banking system. Nothing happens without a reason.

You can't really blame people who are uninformed about bitcoin. First, Bitcoin was popularized by the use in the darknet through the silkroad and because of that it really had a bad first impression to the world. What we should do, as bitcoin advocates, is that we promote bitcoin as a currency that can be used for our basic needs like groceries and pay our bills.

I agree that we can't blame people who are ignorant of bitcoin. But we can explain to them the fallacies about bitcoins to make them understand bitcoin more and in order for them to have a change in heart of thinking is bitcoin is for illegal activities only. Even with lots of legit merchants using bitcoin, illegal activities that use bitcoin as currency still exist. The same thing illegal activities that uses fiat currency exist.

Factmine

sr. member

Activity: 310

Merit: 250

Quote from: 1Referee on November 01, 2016, 02:36:43 AM

Quote from: ?? on ??

Quote from: dEjAvU97 on November 01, 2016, 01:36:45 AM

Yes some bitcoins are used for illegal activity but the focus on banning or controlling should be on the items banned themselves not the payment method, Dollar is used by criminals as well and it is not banned.

Yes, true! Anything can be used for bad! Gold can be used to buy things as well as money. And this two modes of payment has been used to pay for evil objects like nuclear bombs, drugs, guns and other things. It's not the payment method but the item.

Everything with value such as oil, Gold, diamonds, paintings, drugs, weapons, etc, can function as a currency to finanace terrorism for example. What bothers me is that always when something minor happens with Bitcoin as point of attention (like a hacker asking for 10BTC ransom for example), the whole media seems to jump on it to show the outside world how bad and dangerous an internet currency as Bitcoin is.

There are even times where the media is referring to Bitcoin as being the currency of the underworld. It just shows that they have an anti Bitcoin campaign running either sponsored by the government, or they are owned by the very elite that do depend on the current banking system. Nothing happens without a reason.

You can't really blame people who are uninformed about bitcoin. First, Bitcoin was popularized by the use in the darknet through the silkroad and because of that it really had a bad first impression to the world. What we should do, as bitcoin advocates, is that we promote bitcoin as a currency that can be used for our basic needs like groceries and pay our bills.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: ?? on ??

Quote from: dEjAvU97 on November 01, 2016, 01:36:45 AM

Yes some bitcoins are used for illegal activity but the focus on banning or controlling should be on the items banned themselves not the payment method, Dollar is used by criminals as well and it is not banned.

Yes, true! Anything can be used for bad! Gold can be used to buy things as well as money. And this two modes of payment has been used to pay for evil objects like nuclear bombs, drugs, guns and other things. It's not the payment method but the item.

Everything with value such as oil, Gold, diamonds, paintings, drugs, weapons, etc, can function as a currency to finanace terrorism for example. What bothers me is that always when something minor happens with Bitcoin as point of attention (like a hacker asking for 10BTC ransom for example), the whole media seems to jump on it to show the outside world how bad and dangerous an internet currency as Bitcoin is.

There are even times where the media is referring to Bitcoin as being the currency of the underworld. It just shows that they have an anti Bitcoin campaign running either sponsored by the government, or they are owned by the very elite that do depend on the current banking system. Nothing happens without a reason.

dEjAvU97

full member

Activity: 187

Merit: 100

Yes some bitcoins are used for illegal activity but the focus on banning or controlling should be on the items banned themselves not the payment method, Dollar is used by criminals as well and it is not banned.

TriggerX

hero member

Activity: 826

Merit: 1000

I don't know any off the top of my head, but I'm fairly sure someone has to be using it for illegal activities. I'm guessing maybe selling narcotics online so you don't have to deal with the cash in person?

Positid

sr. member

Activity: 378

Merit: 250

BULL RUN until 2030

Quote from: Invulner on November 01, 2016, 12:52:00 AM

Bitcoin is definitely being used for illegal activities, but hey, united states dollars and great britain pounds are also being used for illegal activites! And they are currency produced by the government. So are you going to blame the government for facilitating these illegal trades because they are printing the currency? Definitely not!

There's no difference between the fiat and bitcoin because that two can be used in illegal activities and if people are concluding that bitcoin is mostly use for illegal activities but how do you rate fiat since fiat users are 99% of the total world population and that makes a statement that all can be use for illegal activities and fiat are mostly used than bitcoin.

Invulner

sr. member

Activity: 266

Merit: 250

Invulner

Bitcoin is definitely being used for illegal activities, but hey, united states dollars and great britain pounds are also being used for illegal activites! And they are currency produced by the government. So are you going to blame the government for facilitating these illegal trades because they are printing the currency? Definitely not!

JANGKRIK BOSS

full member

Activity: 224

Merit: 100

The same is said about gold as well being used for illegal activities like drug smuggling and so on but since gold is a legal commodity, such articles are ignored while bitcoins only suffer as they are not regulated by the Government. Till the Government doesn't find a solution to this, we shouldn't lose hope and continue promoting bitcoins on our blogs or on other forums.

dunfida

legendary

Activity: 3122

Merit: 1140

Bitcoin is really being used on illegal transactions because of its anonymity features and its really normal that people would really tend to use it on illegal stuffs because authorities would really have a hard time to trace them up regarding on their activities. This is somehow the disadvantage of anonymity but it really depends on the user on how he gonna use bitcoin for any purposes. This also gives negative image to bitcoin also.

Topic: Is bitcoin being used for illegal activities - page 30. (Read 139758 times)