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Topic: Is bitcoin being used for illegal activities - page 37. (Read 139750 times)

legendary
Activity: 1176
Merit: 1017
Yes.  And not only is it used for illegal activities but its pseudo-anonymous nature also encourages certain adopters to entertain a level of immorality which they would not otherwise promote under their real world identities. Those are facts....the question is: are those facts hurtful to the bitcoin economy and do they reflect the attitude of the community as a whole?
sr. member
Activity: 406
Merit: 250
Yes it is used for some activities but we should not care about it because that its just life, some people are always use all kind of currencies to come out clean with their money.
We cannot stop it and it will be done always..
hero member
Activity: 644
Merit: 500
The same as you all who love bitcoin. I hate to admit it but it is true. A lot of organization is making use of it for different kinds of bad things for their own profit. It is sad but we cant do much about it.
But there are some acts which are not illegal but are banned by the country for some reason so if the person is using bitcoin for that then it is not illegal like the transactions to some countries from some countries are banned but the bitcoin users are free to do any transaction to that country without any restriction. We cannot call it as illegal morally.
hero member
Activity: 952
Merit: 503


I don't' think that we should focus on those people who are using it for illegal activities and even fiat is used for the same reason as no one can stop it as everyone is busy in earning their own money.

And it's not a really a questioned if bitcoin is used for illegal activities since bitcoin has worth.

The concern here is how those medias will give some shitty headline about that. That's why I trust people who will not easily believe in those media shits about bitcoin being used in illegal activities.

Every fiat currency or crypto currency was already and are still used to illegal activities, and yes, the media is a joke, they try to said "bitcoin is encouraging people to do ilegal activities" and this kind of media always will give bad reputation to bitcoin.
Good point that fiat or crypto currency both can be used for illegal activity or legal activity and its depend on negative or positive people if someone negative they will use it for illegal activity and if someone positive mind they will be use it for legal activity.
hero member
Activity: 700
Merit: 500
No. We've heard this thing a lot of times on the news channels but it's not true. It is used for illegal activities just like USD and EUR is being used. It's not such a big difference between the two, except the fact that people would obviously prefer doing these kinds of transactions through anonymous methods than through cash.
Actually bitcoins feature being untracable though is helping 90% of us while at the same time some people are using it as a illegal tool, they rob others and use bitcoins so neither they can be traced nor they can be reversed in any way, since its decentralized so no owner too. The interesting thing here must be, even centralized currencies also being used for same purposes  Shocked
full member
Activity: 238
Merit: 100
it's showtime


I don't' think that we should focus on those people who are using it for illegal activities and even fiat is used for the same reason as no one can stop it as everyone is busy in earning their own money.

And it's not a really a questioned if bitcoin is used for illegal activities since bitcoin has worth.

The concern here is how those medias will give some shitty headline about that. That's why I trust people who will not easily believe in those media shits about bitcoin being used in illegal activities.

Every fiat currency or crypto currency was already and are still used to illegal activities, and yes, the media is a joke, they try to said "bitcoin is encouraging people to do ilegal activities" and this kind of media always will give bad reputation to bitcoin.
legendary
Activity: 2436
Merit: 1008


I don't' think that we should focus on those people who are using it for illegal activities and even fiat is used for the same reason as no one can stop it as everyone is busy in earning their own money.

And it's not a really a questioned if bitcoin is used for illegal activities since bitcoin has worth.

The concern here is how those medias will give some shitty headline about that. That's why I trust people who will not easily believe in those media shits about bitcoin being used in illegal activities.
legendary
Activity: 2464
Merit: 1102
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
To keep it real I do think that bitcoin is being used for some illegal things online but I do not really care about that because I am making use of bitcoin for my self.
I am not here to play police man and keep track of those things, there is nothing you can do about it.
Neither do I care, but it makes me sad when I hear such things that the currency I love the most is being used for scam and illegal activities. But yes you are right we are neither policemen nor we are doing a anti-corruption campaign so why are we so deeply upset with this.

I don't' think that we should focus on those people who are using it for illegal activities and even fiat is used for the same reason as no one can stop it as everyone is busy in earning their own money.
hero member
Activity: 1022
Merit: 511
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
To keep it real I do think that bitcoin is being used for some illegal things online but I do not really care about that because I am making use of bitcoin for my self.
I am not here to play police man and keep track of those things, there is nothing you can do about it.
Neither do I care, but it makes me sad when I hear such things that the currency I love the most is being used for scam and illegal activities. But yes you are right we are neither policemen nor we are doing a anti-corruption campaign so why are we so deeply upset with this.
hero member
Activity: 616
Merit: 502
Yes, bitcoin is being used in different illegal activities like buying drugs and selling drugs. Last year there was a site called "Silk road" where they were selling different kinds of drugs and other illegal stuffs like guns and so on. Currencies are also being used in different illegal activities because there are no payment that can be made other than these, it's either cryptocurrencies or currencies, these two are the only options because in this world there are no such thing like "100% off". There might be a discount but just a little you are still going to pay though.
legendary
Activity: 896
Merit: 1000
Bitcoin is being used for both legal and illegal items just like other currencies so there is nothing to worry about. However it is true that as bitcoin is untracable as well as more secure to hold than other currency so it is easier way to deal on illegal things.

However nothing can be done to stop this and when bitcoin will be accepted by more and more merchants in future, % of people using bitcoin for illegal items will be comparatively lower than people using it for legal purposes.

if more and more people will adopt bitcoin in the coming years, then the amount of people using bitcoin for illegal things will also increase. it's not that the number of people using bitcoin for whatever illegal things will decrease with more adoption. it doesn't make any sense.
member
Activity: 70
Merit: 10
Thats its one of the uses of money buy ilegal as legal stuffs,thats why there are black market working with fiat and bitcoin,as stated above bitcoin=money soo sure why wouldnt it being used for that kind?Gambling is soo forbiden that Las Vegas has been built for full pleasure,whores and gambling,as they say what happens in Las Vegas stays in Las Vegas.
legendary
Activity: 1120
Merit: 1008
CryptoTalk.Org - Get Paid for every Post!
Bitcoin is being used for both legal and illegal items just like other currencies so there is nothing to worry about. However it is true that as bitcoin is untracable as well as more secure to hold than other currency so it is easier way to deal on illegal things.

However nothing can be done to stop this and when bitcoin will be accepted by more and more merchants in future, % of people using bitcoin for illegal items will be comparatively lower than people using it for legal purposes.
hero member
Activity: 1274
Merit: 622
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
Sure bitcoin is being used for illegal activities, as long as it is a currency. But I don't think it will ever be prohibited by governments. Illegal activities are not about bitcoin, it's just a simple rule: where there is money, there will always be something illegal and vice versa.
legendary
Activity: 1960
Merit: 1026
Yes it has been used for criminal activities but its not very bad or something due to the fact its very logical that it is done.
Every currency has this and due to that we cannot do anything to it also.

Yes every currency can be used for illegal activities. but fiat currency that will not have adverse impact if used as an illegal activity, because everyone is still using and need it. While bitcoin is only digital money with trust of its users, so that if used as an illegal activity, then having a bad impact. bitcoin can lose the confidence of investors.
hero member
Activity: 728
Merit: 501
io.ezystayz.com
The same as you all who love bitcoin. I hate to admit it but it is true. A lot of organization is making use of it for different kinds of bad things for their own profit. It is sad but we cant do much about it.
It is a shame that is it is being used for these things, but it is the responsibility of the users to help stop this when we can.  There is no government control over bitcoin and if we can police ourselves, then there would be no need to a government agency to step in and try to control it.  It is difficult to stop at this time, but it is being done and not giving Bitcoin a good name.
sr. member
Activity: 476
Merit: 250
Yes it has been used for criminal activities but its not very bad or something due to the fact its very logical that it is done.
Every currency has this and due to that we cannot do anything to it also.
hero member
Activity: 596
Merit: 500
Bitcoins are used for illegal activities for sure there are to many people who think that the bitcoin is very save but there are so many criminals using the bitcoin and the main reason why
they are using the bitcoin is only that they cant be traced when they are paying trough the bitcoin
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
No. We've heard this thing a lot of times on the news channels but it's not true. It is used for illegal activities just like USD and EUR is being used. It's not such a big difference between the two, except the fact that people would obviously prefer doing these kinds of transactions through anonymous methods than through cash.
yeah true what you say that this is not much different from what they are doing well with the fiat as USD or GBP, and so forth, this is a usual phenomenon and we will not be able to stop them for that, because basically everyone has the freedom to using money or their bitcoin
I disagree a little bit it’s not the same the amount of trades related to criminal activity is very low compared to the amount of deals done in fiat and the corruption that goes along with it.
You mean there are more illegal activities with bitcoins than USD and others ? If so you are wrong friend, because see bitcoins first of all I hope and believe not known to illegal and wrong people. While with USD almost 90% of the world is aware and hence obviously more crime and illegal will happen with USD than with BTC.
In fact I meant the complete opposite of that, maybe my writing was not very clear, in fact I’m with you most trades of bitcoin are completely legal the real volume of criminal activity is in fiat.
legendary
Activity: 2940
Merit: 1083
The same as you all who love bitcoin. I hate to admit it but it is true. A lot of organization is making use of it for different kinds of bad things for their own profit. It is sad but we cant do much about it.
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