Yes as every now and then, news come up saying that some hackers or stealers are asking for extortion money in terms of bitcoins as they know that this is non-traceable and that's the biggest harm that is being done to the bitcoin community.
I don’t think the reason hackers ask for bitcoins is the anonymity, the reason is because in bitcoin you cannot reverse payments unlike credit cards, PayPal, and other electronic means of payments. 
Topic: Is bitcoin being used for illegal activities - page 34. (Read 139750 times)
if a dollar or any currency is used for some illegal activities so what do think bitcoin could be , it has anonymity so it could be used for a certain activity .
Thanks to that anonymity it makes the best way to hide every single transactions of illegal trades. It is the best choice for them for it will be harder for the authorities to trace them and they will have time to escape.
Yes as every now and then, news come up saying that some hackers or stealers are asking for extortion money in terms of bitcoins as they know that this is non-traceable and that's the biggest harm that is being done to the bitcoin community.
Every good thing can also be used for bad things and so can Bitcoin. Like the fiat money, Bitcoin is also used for money laundering, buying drugs and weapons, child pornography. I think that you all have heard for Silk Road and similar markets where Bitcoin is used for illegal stuff.
Bitcoin actually aiming for legal activities and very good, but some people take advantage of the confidentiality of information that is used for illegal activities. It happens, but I believe and still believe that bitcoin still leave many positive values are very profitable.
There's no written laws about using bitcoin, there's no rules and regulations that we've agreed with. There's no terms & agreements when we created our wallet. Bitcoin is just a tool that we use to exchange and earn money to each other. Bitcoin is just a crypto-currency. It is one of the million data on the Internet. So it does not aim for legal activities. In fact it doesn't aim anything at all.
Bitcoin actually aiming for legal activities and very good, but some people take advantage of the confidentiality of information that is used for illegal activities. It happens, but I believe and still believe that bitcoin still leave many positive values are very profitable.
All good currencies are used for things that may not be legal in all jurisdictions. Bitcoin is no different in those regards. And, bitcoin is not as anonymous as may be assumed as far as transaction activity is concerned; in fact, every bitcoin transaction is recorded on an immutable ledger and distributed to anybody who wants it. Bitcoin transactions cannot be as opaque as cash transactions which remain the preferred currency for black markets.
things what make a lot of people make bitcoin as their favorite currency to make an illegal transaction are due its anonimity in term you will like invisible when you received or send money you will not have to see a name , address etc that any other currency required. this is the only thing that mostly misused. Well, the hard truth is that every currency is used for illegal activities, and bitcoin is one of them.
In the dark web there's a lot of illegal things you can buy with bitcoins.
In the dark web there's a lot of illegal things you can buy with bitcoins.
Fact is that all kinds of currencies and precious metals are being used to finance illegal activities, but still the media and average joe is blaming Bitcoin for this. They somehow don't realize that Bitcoin is nothing different than fiat. It's money. In that regard it shouldn't be weird to see that people use Bitcoin for all kinds of illegal things. Especially when you consider how convenient using Bitcoin is.
What about those situations where some things are lawful in some jurisdictions but unlawful in others? Or, situations where things are illegal bet they really shouldn't be illegal? I mean....I can understand not abusing the technology by participating in immoral activities but what about using it to buy religious items in jurisdictions censored and controlled by tyrants and such?....Bitcoin is a viable alternative currency to bypass oppressive regulation. True?
Well, the hard truth is that every currency is used for illegal activities, and bitcoin is one of them.
In the dark web there's a lot of illegal things you can buy with bitcoins.
In the dark web there's a lot of illegal things you can buy with bitcoins.
Fact is that all kinds of currencies and precious metals are being used to finance illegal activities, but still the media and average joe is blaming Bitcoin for this. They somehow don't realize that Bitcoin is nothing different than fiat. It's money. In that regard it shouldn't be weird to see that people use Bitcoin for all kinds of illegal things. Especially when you consider how convenient using Bitcoin is.
Well, the hard truth is that every currency is used for illegal activities, and bitcoin is one of them.
In the dark web there's a lot of illegal things you can buy with bitcoins.
In the dark web there's a lot of illegal things you can buy with bitcoins.
Fact is that all kinds of currencies and precious metals are being used to finance illegal activities, but still the media and average joe is blaming Bitcoin for this. They somehow don't realize that Bitcoin is nothing different than fiat. It's money. In that regard it shouldn't be weird to see that people use Bitcoin for all kinds of illegal things. Especially when you consider how convenient using Bitcoin is.
one thing does not charge is the negative impact of bitcoin. crime and any other illegal activity is very easy to do. that can control the actions of the just we, ourselves who should stay away from all the action.
We cannot do anything about it, that's happening and I think not all is doing it, we should live with it since it is a part of the growth, if it is not happening, it means there is no improvement and no one values the bitcoin... So it should not prevent us or hinder us from doing transaction from day to day with bitcoin...
All good currencies are used for things that may not be legal in all jurisdictions. Bitcoin is no different in those regards. And, bitcoin is not as anonymous as may be assumed as far as transaction activity is concerned; in fact, every bitcoin transaction is recorded on an immutable ledger and distributed to anybody who wants it. Bitcoin transactions cannot be as opaque as cash transactions which remain the preferred currency for black markets.
one thing does not charge is the negative impact of bitcoin. crime and any other illegal activity is very easy to do. that can control the actions of the just we, ourselves who should stay away from all the action.
We cannot do anything about it, that's happening and I think not all is doing it, we should live with it since it is a part of the growth, if it is not happening, it means there is no improvement and no one values the bitcoin... So it should not prevent us or hinder us from doing transaction from day to day with bitcoin...
one thing does not charge is the negative impact of bitcoin. crime and any other illegal activity is very easy to do. that can control the actions of the just we, ourselves who should stay away from all the action.
bitcoin is best way for criminal transaction, If they are sending any one money in bitcoin no one can find out who are sending and who are receiving money and where're sending..
That is a mistake, the best way to do a criminal transaction is cash, which is why criminals in the world keep using cash, the second best way is to use fiat since they can use money laundering and convert that dirty money into clean money that they can use.
bitcoin is best way for criminal transaction, If they are sending any one money in bitcoin no one can find out who are sending and who are receiving money and where're sending..
if a dollar or any currency is used for some illegal activities so what do think bitcoin could be , it has anonymity so it could be used for a certain activity .
Thanks to that anonymity it makes the best way to hide every single transactions of illegal trades. It is the best choice for them for it will be harder for the authorities to trace them and they will have time to escape.
if a dollar or any currency is used for some illegal activities so what do think bitcoin could be , it has anonymity so it could be used for a certain activity .
Like the real currency has two negative and positive side. Bitcoin also has two sides, positive and negative, it depends on the individual how he is involved and how he uses, if it uses the criminal may be used for their criminal activities, such as drug trafficking, trafficking in women , child pornography.
Well, the hard truth is that every currency is used for illegal activities, and bitcoin is one of them.
In the dark web there's a lot of illegal things you can buy with bitcoins.
In the dark web there's a lot of illegal things you can buy with bitcoins.
Fact is that all kinds of currencies and precious metals are being used to finance illegal activities, but still the media and average joe is blaming Bitcoin for this. They somehow don't realize that Bitcoin is nothing different than fiat. It's money. In that regard it shouldn't be weird to see that people use Bitcoin for all kinds of illegal things. Especially when you consider how convenient using Bitcoin is.
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