Is bitcoin being used for illegal activities - page 35.

richardsNY

legendary

Activity: 1232

Merit: 1091

Quote from: MuscleMan on October 24, 2016, 10:38:09 AM

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.

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.

Caladonian

hero member

Activity: 1302

Merit: 540

Quote from: MuscleMan on October 24, 2016, 10:38:09 AM

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.

i think its first design for this market before it was introduce to the real world and as you mention every currency is really
used for any form of transaction whether legal or illegal and btc is already part of currency so we can say is yes its uses
for illegal activities.

Daniel91

legendary

Activity: 3374

Merit: 1824

Bitcoin is decentralized, what is good for us, users, because nobody can control BTC.
Unfortunately, we can't control who use Bitcoin and for what purpose, what is not ideal, of course.
Just recently I heard in local news that police discover drug dealers.
They paid for drugs with Bitcoin and this was big news in the media.
Such things really doesn't help us much.
Many financial institutions and governments oppose Bitcoin because it's anonymous and anyone can use it, even criminals.
Some people will not accept Bitcoin because of such things.
So, Bitcoin is great thing but also can be used for something very bad, unfortunately.

MuscleMan

newbie

Activity: 19

Merit: 0

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.

avikz

legendary

Activity: 3080

Merit: 1500

Every innovation will have two sides. Like nuclear power, bitcoin also has two different sides. One is good and another one is bad. So don't be surprised by it. Bitcoin is used by criminals as well. No doubt about it.

But what matters is your intention. If you are not using bitcoin for any illegal activity, then I think you should not face any issue. Use bitcoin for storing and trading. No problem should come to you.

CasioK

hero member

Activity: 826

Merit: 1000

Quote from: prabowo96 on October 22, 2016, 09:12:55 PM

Quote from: goldcoinminer on October 22, 2016, 08:54:56 PM

Quote from: bitcoinmasterlord on October 22, 2016, 07:23:15 PM

Quote from: KingdomHearts on October 22, 2016, 04:15:12 PM

Quote from: ayesha sadiqa on October 21, 2016, 04:01:40 PM

i am not sure about this but my be so, because i think about every currency of the world my be used for illegal activities, like people may have use USD for buying drugs or guns so may be people are also using bitcoin for different illegal activities.

you are right that we can not blame to bitcoin and any currency can be used for any type activity so its depend on people good people will be use any currency for good activity and bad people will be use their currency for bad activity.

What you said is true that it all depends on people intension. But bitcoins has given an opportunity for bad people to do this kind a transaction anonymously and that is the problem with bitcoins. All these activities was going on even before bitcoins were there but now for them it become easy way to do the transactions.

You cannot control them as they are in charge of their own lives, even me I am doing illegal things like gambling because it is ban in our country but sometimes it can only be justified since I do not hurt anyone with my activity, I have fun in gambling although it is illegal and I will not be caught since bitcoin is anonymous.

If it's illegal, have a reason, for example USA banned pokerstars because people lose money playing poker... So, in the government mind, is better ban it, so people can spend the money in another things.
Maybe your gambling is hurting the government Wink

Actually, gambling may be a very bad idea if you cannot judicially make use of the limited income you have for tangible things but decide to spend it all on gambling. Some people are like that, they can gamble all their life savings which is bad. If you must gamble, then do it with the money you can afford to loose.

xSkylarx

hero member

Activity: 2366

Merit: 594

Yeah, because of its anonymous transaction. Bitcoin is often used in black market to buy some weapons or illegal drugs. Authorities will have a difficulty to track who is the buyer of something illegal.

cjmoles

legendary

Activity: 1176

Merit: 1017

Quote from: MyIdeas on October 23, 2016, 12:46:06 PM

Quote from: MTBTT on October 22, 2016, 05:52:29 PM

Quote from: PetroffVany on October 22, 2016, 07:55:30 AM

If we consider the payment of erotic or pornography material on the Internet, there is a lot of pros and cons. The fact that the pay bitcoin is very profitable because of the anonymity, but there is still banned for files that can be punished by law.

I think if bitcoin to pay for such a thing, it is not a problem, because the dollar as well get used to it? I would be amazed when bitcoin used to purchase evil goods online

But I have not saw any person who is using bitcoin for any illegal activity I have heard that a lot of people even in this time use USD for their illegal activities so we cannot blame it and only educated people have knowledge about bitcoin and in my country only uneducated are doing illegal things.

Well, there are a lot of educated people who have jumped into the bitcoin arena to take advantage of those who aren't as informed as themselves. There have been quite a few defunct exchanges, HYIP's, market places,....etc that have used their skills to take advantage of those who're less educated in this space. <--- That fact discourages many from adopting bitcoin, in and of itself.

MyIdeas

sr. member

Activity: 734

Merit: 250

Quote from: MTBTT on October 22, 2016, 05:52:29 PM

Quote from: PetroffVany on October 22, 2016, 07:55:30 AM

If we consider the payment of erotic or pornography material on the Internet, there is a lot of pros and cons. The fact that the pay bitcoin is very profitable because of the anonymity, but there is still banned for files that can be punished by law.

I think if bitcoin to pay for such a thing, it is not a problem, because the dollar as well get used to it? I would be amazed when bitcoin used to purchase evil goods online

But I have not saw any person who is using bitcoin for any illegal activity I have heard that a lot of people even in this time use USD for their illegal activities so we cannot blame it and only educated people have knowledge about bitcoin and in my country only uneducated are doing illegal things.

Mastsetad

sr. member

Activity: 672

Merit: 250

Quote from: ashiqdey on October 23, 2016, 08:21:29 AM

because if it's anonymity it is more likely that criminal smuggler will use this currency to transact money because no one will know who send money to whom obit other purple could know the amount but that can't figure out it's send for good purpose or for bad.

Even for other currencies someone cannot know if the money transacted is for someone who is a criminal or if what kind of an activity will be done with that money, because no one would like others to know about their criminal activities and they are experts in hiding that, so bitcoin is also used for such things which even does not require any hiding as it is already anonymous.

choppork

hero member

Activity: 588

Merit: 500

Yes, it is. When you use bitcoin to pay for illegal stuffs, it's quite harder to trace you than when you use paypal or meetup with someone and pay in cash. The deep web is a good niche for youtubers and facebook pages owners. They associate bitcoin and deep web. You can easily find an article about bitcoins being used in deep web and other illegal stuffs for payments. Despite of all this, you're still the one who's going to choose in which way are you going to use bitcoins. It's just good or bad.

crairezx20

legendary

Activity: 1638

Merit: 1046

Quote from: South Park on October 23, 2016, 10:25:06 AM

Quote from: bitcoinmasterlord on October 22, 2016, 07:23:15 PM

Quote from: KingdomHearts on October 22, 2016, 04:15:12 PM

Quote from: ayesha sadiqa on October 21, 2016, 04:01:40 PM

i am not sure about this but my be so, because i think about every currency of the world my be used for illegal activities, like people may have use USD for buying drugs or guns so may be people are also using bitcoin for different illegal activities.

you are right that we can not blame to bitcoin and any currency can be used for any type activity so its depend on people good people will be use any currency for good activity and bad people will be use their currency for bad activity.

What you said is true that it all depends on people intension. But bitcoins has given an opportunity for bad people to do this kind a transaction anonymously and that is the problem with bitcoins. All these activities was going on even before bitcoins were there but now for them it become easy way to do the transactions.

Money is just a medium of exchange, money is not an end on itself, money is just a way to facilitate the trading among people, bitcoin has made easier a lot of transactions in the world but money is not a moral agent, that is up to the people that use bitcoin.

We can not change that bitcoin is just alternative payment and we know many people in darkmarket places are using bitcoin for transaction because of anonymously but its not the case since many people also doing illegal activity on fiat or money.. they are just the same.. not only in bitcoin..

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: bitcoinmasterlord on October 22, 2016, 07:23:15 PM

Quote from: KingdomHearts on October 22, 2016, 04:15:12 PM

Quote from: ayesha sadiqa on October 21, 2016, 04:01:40 PM

i am not sure about this but my be so, because i think about every currency of the world my be used for illegal activities, like people may have use USD for buying drugs or guns so may be people are also using bitcoin for different illegal activities.

you are right that we can not blame to bitcoin and any currency can be used for any type activity so its depend on people good people will be use any currency for good activity and bad people will be use their currency for bad activity.

What you said is true that it all depends on people intension. But bitcoins has given an opportunity for bad people to do this kind a transaction anonymously and that is the problem with bitcoins. All these activities was going on even before bitcoins were there but now for them it become easy way to do the transactions.

Money is just a medium of exchange, money is not an end on itself, money is just a way to facilitate the trading among people, bitcoin has made easier a lot of transactions in the world but money is not a moral agent, that is up to the people that use bitcoin.

ashiqdey

full member

Activity: 154

Merit: 100

because if it's anonymity it is more likely that criminal smuggler will use this currency to transact money because no one will know who send money to whom obit other purple could know the amount but that can't figure out it's send for good purpose or for bad.

BADecker

legendary

Activity: 3906

Merit: 1373

One of the greatest unlawful activities is making things illegal. Get rid of those people who unlawfully make things illegal.

Cool

Natlind

full member

Activity: 193

Merit: 100

Its is a currency. Currency is used for all purposes. It can used for either legal or illegal. It depends on the person and the action is taking place. Though one knows it is illegal, they move forward to complete their tasks with currency. Bitcoin is a currency. We can have a control on it only when one decides not to get into illegal act with currency.

prabowo96

full member

Activity: 238

Merit: 100

it's showtime

Quote from: goldcoinminer on October 22, 2016, 08:54:56 PM

Quote from: bitcoinmasterlord on October 22, 2016, 07:23:15 PM

Quote from: KingdomHearts on October 22, 2016, 04:15:12 PM

Quote from: ayesha sadiqa on October 21, 2016, 04:01:40 PM

i am not sure about this but my be so, because i think about every currency of the world my be used for illegal activities, like people may have use USD for buying drugs or guns so may be people are also using bitcoin for different illegal activities.

you are right that we can not blame to bitcoin and any currency can be used for any type activity so its depend on people good people will be use any currency for good activity and bad people will be use their currency for bad activity.

What you said is true that it all depends on people intension. But bitcoins has given an opportunity for bad people to do this kind a transaction anonymously and that is the problem with bitcoins. All these activities was going on even before bitcoins were there but now for them it become easy way to do the transactions.

You cannot control them as they are in charge of their own lives, even me I am doing illegal things like gambling because it is ban in our country but sometimes it can only be justified since I do not hurt anyone with my activity, I have fun in gambling although it is illegal and I will not be caught since bitcoin is anonymous.

If it's illegal, have a reason, for example USA banned pokerstars because people lose money playing poker... So, in the government mind, is better ban it, so people can spend the money in another things.
Maybe your gambling is hurting the government Wink

goldcoinminer

hero member

Activity: 952

Merit: 500

Quote from: bitcoinmasterlord on October 22, 2016, 07:23:15 PM

Quote from: KingdomHearts on October 22, 2016, 04:15:12 PM

Quote from: ayesha sadiqa on October 21, 2016, 04:01:40 PM

i am not sure about this but my be so, because i think about every currency of the world my be used for illegal activities, like people may have use USD for buying drugs or guns so may be people are also using bitcoin for different illegal activities.

you are right that we can not blame to bitcoin and any currency can be used for any type activity so its depend on people good people will be use any currency for good activity and bad people will be use their currency for bad activity.

What you said is true that it all depends on people intension. But bitcoins has given an opportunity for bad people to do this kind a transaction anonymously and that is the problem with bitcoins. All these activities was going on even before bitcoins were there but now for them it become easy way to do the transactions.

You cannot control them as they are in charge of their own lives, even me I am doing illegal things like gambling because it is ban in our country but sometimes it can only be justified since I do not hurt anyone with my activity, I have fun in gambling although it is illegal and I will not be caught since bitcoin is anonymous.

bitcoinmasterlord

legendary

Activity: 1148

Merit: 1006

Quote from: KingdomHearts on October 22, 2016, 04:15:12 PM

Quote from: ayesha sadiqa on October 21, 2016, 04:01:40 PM

i am not sure about this but my be so, because i think about every currency of the world my be used for illegal activities, like people may have use USD for buying drugs or guns so may be people are also using bitcoin for different illegal activities.

you are right that we can not blame to bitcoin and any currency can be used for any type activity so its depend on people good people will be use any currency for good activity and bad people will be use their currency for bad activity.

What you said is true that it all depends on people intension. But bitcoins has given an opportunity for bad people to do this kind a transaction anonymously and that is the problem with bitcoins. All these activities was going on even before bitcoins were there but now for them it become easy way to do the transactions.

MTBTT

hero member

Activity: 504

Merit: 500

Quote from: PetroffVany on October 22, 2016, 07:55:30 AM

If we consider the payment of erotic or pornography material on the Internet, there is a lot of pros and cons. The fact that the pay bitcoin is very profitable because of the anonymity, but there is still banned for files that can be punished by law.

I think if bitcoin to pay for such a thing, it is not a problem, because the dollar as well get used to it? I would be amazed when bitcoin used to purchase evil goods online

Topic: Is bitcoin being used for illegal activities - page 35. (Read 139750 times)