Is bitcoin being used for illegal activities - page 32.

zahra4577

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Quote from: South Park on October 29, 2016, 11:22:27 AM

Quote from: coynedterm on October 29, 2016, 03:28:15 AM

in my opinion if any person want to do illegal activity then he can make use of everything ( fiat or virtual money or gold also ).
so we can't say it is a type of things which increases the illegal activities .

One of the reasons people use bitcoin is because its online, if you want to use gold you will need to have a physical meeting which is what they are trying to avoid.

I don't know why bitcoin is often compared with gold,Both are different.Bitcoin is a currency while gold a metal.It is like comparing oranges with apple

genos

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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.

We can not punish bitcoin when bitcoin used for illegal activities. Bitcoin depends from how the user of bitcoin use it and treat bitcoin for.
I think the fault is on the user dude, i couldn't agree more with you.

rottenfruits

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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.

South Park

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Quote from: coynedterm on October 29, 2016, 03:28:15 AM

in my opinion if any person want to do illegal activity then he can make use of everything ( fiat or virtual money or gold also ).
so we can't say it is a type of things which increases the illegal activities .

One of the reasons people use bitcoin is because its online, if you want to use gold you will need to have a physical meeting which is what they are trying to avoid.

whizter

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Quote from: ged00u on October 28, 2016, 11:16:51 AM

Quote from: rosablu on October 28, 2016, 03:07:34 AM

Anything can be used for illegal activities.
I think that the main reason why btc has been rejected by society is that there's still much to learn about it and it's easier for them to speak ill of it than to try and deal with it.

I agree with you. Fiat has been you for many illegal activities for over centuries and no one actually wants to reject it. As long as bitcoin keep developing, no one can ban it or even ignore it.

yes it is not necessary to think about that either bitcoin is used for illegal activities or not, because all other fiat currency may be use for illegal activities and still no one really reject to use it, so we have to give concentration to the improvement of bitcoin.

coynedterm

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in my opinion if any person want to do illegal activity then he can make use of everything ( fiat or virtual money or gold also ).
so we can't say it is a type of things which increases the illegal activities .

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Quote from: Abbybenson on October 28, 2016, 05:32:51 PM

Bitcoins are used for every kind of thing and yes off course there are also people who are not doing good things with the bitcoin so they use them for illegal shit. But i think that most of the bitcoin users are legal.

We can't identify if the person we are talking here are the ones who are using bitcoin for good or illegal activities. And there is no doubt that bitcoin was being used in illegal activities, because many people in the dark web are using bitcoin for their illegal transactions. So that's for real that bitcoin was being used for illegal activities whether it is in dark marketplaces or not.

genos

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Quote from: rinhunter on October 28, 2016, 06:30:09 PM

Quote from: MTBTT on October 28, 2016, 05:58:23 PM

Quote from: ged00u on October 28, 2016, 11:16:51 AM

Quote from: rosablu on October 28, 2016, 03:07:34 AM

Anything can be used for illegal activities.
I think that the main reason why btc has been rejected by society is that there's still much to learn about it and it's easier for them to speak ill of it than to try and deal with it.

I agree with you. Fiat has been you for many illegal activities for over centuries and no one actually wants to reject it. As long as bitcoin keep developing, no one can ban it or even ignore it.

I think all the currency that has the price will always be used for any illegal transaction currency, if that is possible may be used, including the bitcoin ?

Bitcoin was already used for illegal activities from the start because is hard to track transaction, but not only that, many peoples using bitcoin because easier and cheap fee transaction than bank, so bitcoin can be used for everything even for illegal transaction.

Although bitcoin was already used for illegal actvities, but bitcoin was used for good thing too. Fiat and bitcoin is the same, both are currency. The users are determine what their currency for. We do not have to concern with illegal or legal but we better concern in bitcoin dissemination.

rinhunter

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Quote from: MTBTT on October 28, 2016, 05:58:23 PM

Quote from: ged00u on October 28, 2016, 11:16:51 AM

Quote from: rosablu on October 28, 2016, 03:07:34 AM

Anything can be used for illegal activities.
I think that the main reason why btc has been rejected by society is that there's still much to learn about it and it's easier for them to speak ill of it than to try and deal with it.

I agree with you. Fiat has been you for many illegal activities for over centuries and no one actually wants to reject it. As long as bitcoin keep developing, no one can ban it or even ignore it.

I think all the currency that has the price will always be used for any illegal transaction currency, if that is possible may be used, including the bitcoin ?

Bitcoin was already used for illegal activities from the start because is hard to track transaction, but not only that, many peoples using bitcoin because easier and cheap fee transaction than bank, so bitcoin can be used for everything even for illegal transaction.

MTBTT

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Quote from: ged00u on October 28, 2016, 11:16:51 AM

Quote from: rosablu on October 28, 2016, 03:07:34 AM

Anything can be used for illegal activities.
I think that the main reason why btc has been rejected by society is that there's still much to learn about it and it's easier for them to speak ill of it than to try and deal with it.

I agree with you. Fiat has been you for many illegal activities for over centuries and no one actually wants to reject it. As long as bitcoin keep developing, no one can ban it or even ignore it.

I think all the currency that has the price will always be used for any illegal transaction currency, if that is possible may be used, including the bitcoin ?

Abbybenson

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Bitcoins are used for every kind of thing and yes off course there are also people who are not doing good things with the bitcoin so they use them for illegal shit. But i think that most of the bitcoin users are legal.

KaliLinux

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As its a currency, it depends upon the user. It can be used for legal and illegal purposes. Fiats can be converted into bitcoins and kept safe. No tax, no service charges. Just a security system is required. Though we have lot good things to be done with bitcoins, illegal activities occur at times.

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Quote from: Shenzou on October 28, 2016, 05:04:11 PM

just like any currency bitcoin is used for illegal activities but it is better for the pepole who are doing these activities since they don't have to make any interactions with the buyer since it is totally anonymous

yes absolutely right. bitcoin has an online system so easy to do it anytime and anywhere. anonymouse nature of bitcoin will certainly help the movement of the people who are not responsible. This is the negative side that dulit eliminated.

Shenzou

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just like any currency bitcoin is used for illegal activities but it is better for the pepole who are doing these activities since they don't have to make any interactions with the buyer since it is totally anonymous

victoryboy

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Bitcoin has no exception like fiat money or anything else which is valuable and can be traded for sure is being used for legal and illegal activities. Those guys always are one step ahead to embrace such payment method to perform their actions. Bitcoin where has good uses same time is being used for bad purposes as well and there is nothing unusual or strange as I mentioned above.

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Quote from: salinizm on February 06, 2016, 07:51:51 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

there are many bad news in press over terrorists organizations using bitcoin for illegal purposes.. they can make it happen with real money. i think it was made it for giving bitcoin a bad name..

Is it now also possible to procure arms and ammunition using bitcoin or an exchange must take place somewhere? Well at the point of exchange, if the authorities are serious, they can get all the information they need. The truth be told, government's problem with bitcoin goes beyond terrorism and money laundering, actually there's nothing new about that. Their dilemma with bitcoin simply is that bitcoin returned stolen and confiscated power back to the true owners - the people!

Caladonian

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Quote from: requester on October 28, 2016, 11:31:15 AM

Yes bitcoin is used for illegal activities because it is pseudonymous because no one can track who is sending bitcoin to whom other people could only know that bitcoin is sent from one bitcoin address to other but no one could even know that actually who is sending to whom this makes bitcoin most used for illegal activities and government and rising up to ban bitcoin got such activities.

that's the reality there government after knowing that bitcoin can be used by most people if they knew that they can use it anonymously will take advantage from it since because its also a currency it is much easier to get the value and performed the deal without any worried being caught right away.

Juggy777

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Dude this question is like will the sun rise after the night, or will it rain from the cloud. It's a currency it can be used for right and wrong purposes, depends on the user. On top of it this Is unregulated, so sadly it could be used for the illegal purposes.

requester

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Yes bitcoin is used for illegal activities because it is pseudonymous because no one can track who is sending bitcoin to whom other people could only know that bitcoin is sent from one bitcoin address to other but no one could even know that actually who is sending to whom this makes bitcoin most used for illegal activities and government and rising up to ban bitcoin got such activities.

mastica

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Have and make any transaction with bitcoin requires more attention at the details, as well the person wich you might be dealing, always search for feedbacks, recent feedbacks, the fact it has no way to recovery make it being a problem for the most, but an amazing for those which do pretend to scam others, but the same thing happens with fiat dont be blind.

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