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Topic: Is bitcoin being used for illegal activities - page 42. (Read 139746 times)

legendary
Activity: 1120
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like fiat moneys bitcoins can be used for illegal activities but today  the majority of bitcoin activities are legal, and if you want to exchange that money for fiat you maybe need to share your personal information I think this politic reduces the ratio of ilegal activities.
No actually i don't think this can stop bitcoin or any other fiat from using for illegal activities as there are many ways from which hackers/criminals can pass through such KYC regulation and i have heard few cases where hackers/criminals have used fake identity proofs to get through exchange and withdraws.
full member
Activity: 224
Merit: 100
The people that use it are bad not the method of making the trade. It can be fiat or gold if not bitcoin. Sure, anything can be used for illegal activities. It is the source that is to blame not the medium which it is used.
hero member
Activity: 910
Merit: 550
Yes. We should accept the fact that Bitcoin is being used for illegal activities. We cannot hide nor stop the possibility because it is used for anything.
member
Activity: 64
Merit: 10
Yes, No one can deny that bitcoin is sometimes being used for illegal activities, However the same is applied worldwide since any currency in the world is being used for anything, since this is the fault of the users and not the fault of the currency itself.
hero member
Activity: 1008
Merit: 540
I just read a few days ago in the local newspapers that police catch drug dealers with a lot of drugs ready for sell.
It seems that they paid for it with Bitcoin.
Such news really can show whole BTC community in negative light.
Yes, it's sad fact but Bitcoin is used for illegal activities.
It's nothing we can do about it.
As usual bitcoin are using for buying illegal drugs and its happening on my country too but goverment or police don't care about bitcoin they want the suspect of that crime and if bitcoin will be banned on my country i probably travel in to another country because i love bitcoin.
sr. member
Activity: 406
Merit: 250
Definitely Yes as for all currencies can be use for illegal activities, Since bitcoin is a currency it's an obvious thing that it can be use for illegal purposes.
Correct,money has always been used in the illegal activities or it is the major part of that and as we say bitcoin is a currency having a great value so as a money obviously can be used in illegal activities and already being used,in dark web and may be more that we dont know yet.
legendary
Activity: 1148
Merit: 1000
the majority of bitcoin activities are legal

I'm not so sure about that, most countries do not have the proper mechanism in place that would allow them to make sure people are using their Bitcoins within the law. I wouldn't be surprised if a large number of criminal organizations have already adopted Bitcoin as a means to transact under the radar. I mean let's face it Bitcoin really is the ideal money transfer system for criminals right now.
hero member
Activity: 1232
Merit: 669
like fiat moneys bitcoins can be used for illegal activities but today  the majority of bitcoin activities are legal, and if you want to exchange that money for fiat you maybe need to share your personal information I think this politic reduces the ratio of ilegal activities.
hero member
Activity: 952
Merit: 500
Yes bitcoin use for ellegal activities like fiat they use bitcoin because its more safe to transact and they can not trace it where it come from so many illegal activities now that they used bitcoin. They do not want to use bank because they provide identification before they open a bank account so many used bitcoin for them to hide their identity.
That is one of the big reasons why bitcoin now is in demand and we are seeing that the price has increased so much, I guess it will continue to progress in the future as more and more people are coming in to do their illegal activities and normally those who are doing illegal activities use big volume of bitcoins to transact, the would help the economy of bitcoin to progress in overall.
hero member
Activity: 924
Merit: 505
Yes bitcoin use for ellegal activities like fiat they use bitcoin because its more safe to transact and they can not trace it where it come from so many illegal activities now that they used bitcoin. They do not want to use bank because they provide identification before they open a bank account so many used bitcoin for them to hide their identity.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
Bitcoin will be used for good as well bad things the same way it happens for several years with fiat, soo nothing new here, besides its harder to trace the people who are under the dark marketplaces.
I think although Fiat is also used for illegal activities as well but I think it will not be as perfect as bitcoin, because you can be easily tracked when you use fiat to transact. with bitcoin you can not be tracked and there is no evidence of when you really use for illegal activities

This is a mistake, unless you know what are you doing then tracking your bitcoins is very easy, cash in the other hand is very anonymously by its very nature.
Yes, bitcoin does not support complete anonymous because bitcoin is providing us only pseudo-anonymous. So, we need to take necessary steps to protect our identities. I agree cash dealing are complete anonymous but carrying them is very much difficult whereas bitcoin has the feature to carry out across borders too.
Yeah, this is a mistake that I see over and over again in the forum bitcoin does not offers anonymity it offers pseudo anonymity and steps are needed in order to achieve a good level of anonymity. That is why cash is still king when dealing with illegal stuff.
sr. member
Activity: 364
Merit: 250
Yes its used for criminal activities like the other currency's, take the USD as a example, El Chapo never would be so rich if he not used the USD to do some criminal activities..
Its simply done on every currency people.
legendary
Activity: 2044
Merit: 1030
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Definitely Yes as for all currencies can be use for illegal activities, Since bitcoin is a currency it's an obvious thing that it can be use for illegal purposes.
It can be use for illegal activities such as you can use bitcoin to buy items in darkweb.. but depends in your country if you can negotiate to darkweb business..  and i think right now here in my country it is hard to get those product you will be kill or die here..
hero member
Activity: 2786
Merit: 902
yesssir! 🫡
Definitely Yes as for all currencies can be use for illegal activities, Since bitcoin is a currency it's an obvious thing that it can be use for illegal purposes.
sr. member
Activity: 363
Merit: 250
The bitcoin is used for t but its not bad because the bitcoin also gets a sort of boost from it and every currency has this also so why should we indeed even worry about the consequences and all, we cannot stop it so..
sr. member
Activity: 364
Merit: 250
sometime when i take a tour to the deepweb i see most of there sites are accepting bitcoin as payment mode i don't know how kuch of them are scam but most of them accept btc and are illigal even the whole hidden network is actully illigal
What kind of website are you visitin on deepweb there are lots of scam website on that deepweb as my friend says. Im not tying to visit that but i read some article that you can find anything you want in that place not like google it's limited and some of news are fakes.
well anything in the darkweb is most likely linked to illegal activities and bitcoin facilitates that completely. but bitcoin does more good than bad imo.
hero member
Activity: 2170
Merit: 530
sometime when i take a tour to the deepweb i see most of there sites are accepting bitcoin as payment mode i don't know how kuch of them are scam but most of them accept btc and are illigal even the whole hidden network is actully illigal
What kind of website are you visitin on deepweb there are lots of scam website on that deepweb as my friend says. Im not tying to visit that but i read some article that you can find anything you want in that place not like google it's limited and some of news are fakes.
legendary
Activity: 1960
Merit: 1026
I just read a few days ago in the local newspapers that police catch drug dealers with a lot of drugs ready for sell.
It seems that they paid for it with Bitcoin.
Such news really can show whole BTC community in negative light.
Yes, it's sad fact but Bitcoin is used for illegal activities.
It's nothing we can do about it.

Is it confirmed that they used bitcoin in buying drugs? Like telling everyone about this in the used of media?   In which country?

All things have it's positive and negative impact.

If you are familiar on "deep web" you will see their the real use of bitcoin and it is very different on what normal people used it. Bitcoin is used in illegal transaction like drugs, hitlers and illegal weapons. Because of anonymous feature of bitcoin, it become famous in the black market in deep web.

bitcoin potentially great used as illegal activity if all wretches smart in technology.
because it bitcoin features an anonymous is really comfortable to use for illegal transactions, not only that, probably for money laundering are also very safe
sr. member
Activity: 364
Merit: 250

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
I know some illegal activities that includes bitcoins, Like in darkweb. They are using bitcoin as their payments to the bought drugs, guns, or something illegal their
There will always be those who would find ways to obtain what they want. It is just that they found out that bitcoin is another instrument that can be used to anonymously purchase stuff that are considered illegal. The same goes with the fiat. So it is not only bitcoin that's being used for shady activities and transactions.
Everything in this world has some advantages as well as some disadvantages. It might noot be only bitcoin by which people does the illegal  work. Might be some people use it for illegal work but we can not negalate the advantages of bitcoins.

yes you are right, it is only the problem with people that how they use bitcoin, bitcoin is only a currency and with that good people do good activities while those people who have a bad mind do wrong with that.
legendary
Activity: 1148
Merit: 1097
Bounty Mngr & Article Writer https://goo.gl/p4Agsh
I just read a few days ago in the local newspapers that police catch drug dealers with a lot of drugs ready for sell.
It seems that they paid for it with Bitcoin.
Such news really can show whole BTC community in negative light.
Yes, it's sad fact but Bitcoin is used for illegal activities.
It's nothing we can do about it.

Is it confirmed that they used bitcoin in buying drugs? Like telling everyone about this in the used of media?   In which country?

All things have it's positive and negative impact.

If you are familiar on "deep web" you will see their the real use of bitcoin and it is very different on what normal people used it. Bitcoin is used in illegal transaction like drugs, hitlers and illegal weapons. Because of anonymous feature of bitcoin, it become famous in the black market in deep web.
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