Is bitcoin being used for illegal activities - page 44.

rizkyhiw

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Quote from: Doamader on October 12, 2016, 06:56:14 PM

Quote from: DeDordtenaar on October 12, 2016, 06:09:06 PM

Quote from: Doamader on October 06, 2016, 06:03:40 PM

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

You are wrong, fiat ilegal activities are covered with fake companies, with employers, soo they do clean the money they earn from those and you cant trace, otherwise we wouldnt have criminals under those activities, sure bitcoin does make it more easy maybe, but those people will need to exchange the bitcoins into fiat, and doing those they get exposed easy.

indeed fiat also being used for illegal activites and it's more often than bitcoin
but nowadays people have realized that by using bitcoin any evil things involved money can run more easier
as bitcoin have all the anonimity that bad people want
like for money laundering , make bitcoin as a way to supply terrorist funds etc.

Tyrantt

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Quote from: Skarner21 on October 13, 2016, 04:31:02 PM

Quote from: richardsNY on October 13, 2016, 03:50:35 PM

Quote from: ?? on ??

In short: Yes. It's the unofficial currency of the Dark Web (illegal side of the internet)

Now you're saying exactly the same thing as the media has been saying in the last few years. Bitcoin is the currency of the people. What they do with it as currency is totally up to them, but whatever happens, it's not a dark/deep web currency.

This is why bitcoin still not publish locally because some people considering bitcoin is scam or a darkweb currency using for transaction for illegal activity because of anonymity of this currency.. we can not blame them this is just like the same corrupt in government.. so all are the same..

Yes, but it has been primary used on black market and that kind of gave it the bad rep at the start. It wouldn't be like that if it wasnt used on deep web, it wouldnt be looked at like a criminal currency, and no one wants to be linked to that.

Skarner21

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Quote from: richardsNY on October 13, 2016, 03:50:35 PM

Quote from: ?? on ??

In short: Yes. It's the unofficial currency of the Dark Web (illegal side of the internet)

Now you're saying exactly the same thing as the media has been saying in the last few years. Bitcoin is the currency of the people. What they do with it as currency is totally up to them, but whatever happens, it's not a dark/deep web currency.

This is why bitcoin still not publish locally because some people considering bitcoin is scam or a darkweb currency using for transaction for illegal activity because of anonymity of this currency.. we can not blame them this is just like the same corrupt in government.. so all are the same..

manyute

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Bitcoin transactions are show and will always be visible to any one that has the adress ,sure ilegal activities use bitcoin but the main resorce is fiat.With fiat is harder to trace where the money went,but well bitcoin will be always just connected to the bad things as others companies keep paying for the media talk about the how bad is bitcoin.

richardsNY

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Quote from: ?? on ??

In short: Yes. It's the unofficial currency of the Dark Web (illegal side of the internet)

Now you're saying exactly the same thing as the media has been saying in the last few years. Bitcoin is the currency of the people. What they do with it as currency is totally up to them, but whatever happens, it's not a dark/deep web currency.

lexuz

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Quote from: madwica on October 12, 2016, 09:44:54 PM

Quote from: Doamader on October 12, 2016, 06:56:14 PM

Quote from: DeDordtenaar on October 12, 2016, 06:09:06 PM

Quote from: Doamader on October 06, 2016, 06:03:40 PM

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

You are wrong, fiat ilegal activities are covered with fake companies, with employers, soo they do clean the money they earn from those and you cant trace, otherwise we wouldnt have criminals under those activities, sure bitcoin does make it more easy maybe, but those people will need to exchange the bitcoins into fiat, and doing those they get exposed easy.

It has possibility that bitcoin will used in illegal since we do not give our personal information even you are using fiat in online using your bitcoin wallet you can not easily trace if anyone are looking for your transaction.

it's been proven bitcoin used for illegal activities such as gambling is not allowed in some countries and we know that bitcoin survives because mostly used for gambling.

Monnt

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Quote from: South Park on October 13, 2016, 02:19:16 PM

Quote from: DeDordtenaar on October 12, 2016, 06:09:06 PM

Quote from: Doamader on October 06, 2016, 06:03:40 PM

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.

South Park

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Quote from: DeDordtenaar on October 12, 2016, 06:09:06 PM

Quote from: Doamader on October 06, 2016, 06:03:40 PM

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.

Siyas

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Every currency is used for illegal and legal purposes. Its the people who and for what purposes they use it. As BTC is a digital currency and can be transferred anywhere without the knowledge of anyone else, it has much chance to use for illegal activities. Though the one knows it is illegal, he/she still goes beyond to use the btc for illegal. None can stop unless he/she stops himself.

rababo

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I'm sure it is. I think the main reason is bitcoin anonymity. People with bad intentions use it for their illegal activities, and because that reason it's hard to trace the sender and receiver. And that what makes bitcoin has bad reputation at first place. But as time goes by, bitcoin has good reputation as for now.

Catmony

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We can see few post regarding bitcoin being used to buy items like guns, drugs, stolen credit cards etc which are illegal from darkwebs but we are also aware of many events and arrest regarding drug trafficking where fiats/paper moneys have been used. So any forms of currency can be used for illegal activities and bitcoin is not only particular currency which is being used for such activities.

bamboylee

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Quote from: machinek20 on October 09, 2016, 01:50:08 AM

Quote from: goldcoinminer on October 08, 2016, 08:39:25 PM

Quote from: BeGoods on October 08, 2016, 04:53:47 PM

Quote from: Iceborn on October 07, 2016, 08:55:01 PM

Quote from: Doamader on October 06, 2016, 06:03:40 PM

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.

Indeed you are right but I think its logical because every currency is used for some criminal activity these days and we can do nothing about it too.
I think its logical and not bad that it is used for it because we cannot do anything about it, it may even give the bitcoin a boost.

of course it is a natural thing and very logical if one uses currency bitcoin for something they need, whether it's illegal or legal is up to them, the difference with another currency bitcoin is more secure and hidden, that's why I see a lot of issues who came on this matter, I think it is not a problem right ?

Our only concern is we can see a big increase on the circulation of bitcoin so in that way our investment will grow, that is something we are hoping to happen as for sure the price will abruptly increase, if they are using it for illegal activities that is their problem anymore and not for bitcoin.

We need to concern if someone used bitcoin for illegal activities, if the government banned this coin we will lose users and by losing user bitcoin price and transaction rate can fall down, it will cause the price to fall down

There is nothing we can do if bitcoin is being used illegally. Bitcoin is the tool and the users can do anything with it, legally or illegally. We have no control over it. If the government bans it, we can't do anything about it either. We just use it at our own risk.

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Quote from: chaser15 on October 13, 2016, 02:53:27 AM

Quote from: Golftech on October 12, 2016, 09:56:29 PM

Quote from: madwica on October 12, 2016, 09:44:54 PM

Quote from: Doamader on October 12, 2016, 06:56:14 PM

Quote from: DeDordtenaar on October 12, 2016, 06:09:06 PM

Quote from: Doamader on October 06, 2016, 06:03:40 PM

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

You are wrong, fiat ilegal activities are covered with fake companies, with employers, soo they do clean the money they earn from those and you cant trace, otherwise we wouldnt have criminals under those activities, sure bitcoin does make it more easy maybe, but those people will need to exchange the bitcoins into fiat, and doing those they get exposed easy.

It has possibility that bitcoin will used in illegal since we do not give our personal information even you are using fiat in online using your bitcoin wallet you can not easily trace if anyone are looking for your transaction.

yup its not easy to trace us right away with only the transaction so its possible many small time pushers and those who's making illegal transaction even the low end who knows how to deal with computer already taking advantage of this service.

It's traceable if ever the exchange available in that country using bank services in order to convert bitcoin into fiat. Remember that some of the local exchangers per country are strict when it comes to withdrawing the money.

They are doing this to avoid problens in the future that's why you can only withdraw if you are a verified user.

At the same it also gives access to unverified users to withdraw, so we can't completely deny that bitcoin is not used for illegal activities. During the days close to bitcoin existence most users preferred bitcoin for illegal transaction but now scenario has changed. People consider it as a form of worthy investment rather than a token for illegal transaction.

chaser15

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Quote from: Golftech on October 12, 2016, 09:56:29 PM

Quote from: madwica on October 12, 2016, 09:44:54 PM

Quote from: Doamader on October 12, 2016, 06:56:14 PM

Quote from: DeDordtenaar on October 12, 2016, 06:09:06 PM

Quote from: Doamader on October 06, 2016, 06:03:40 PM

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

You are wrong, fiat ilegal activities are covered with fake companies, with employers, soo they do clean the money they earn from those and you cant trace, otherwise we wouldnt have criminals under those activities, sure bitcoin does make it more easy maybe, but those people will need to exchange the bitcoins into fiat, and doing those they get exposed easy.

It has possibility that bitcoin will used in illegal since we do not give our personal information even you are using fiat in online using your bitcoin wallet you can not easily trace if anyone are looking for your transaction.

yup its not easy to trace us right away with only the transaction so its possible many small time pushers and those who's making illegal transaction even the low end who knows how to deal with computer already taking advantage of this service.

It's traceable if ever the exchange available in that country using bank services in order to convert bitcoin into fiat. Remember that some of the local exchangers per country are strict when it comes to withdrawing the money.

They are doing this to avoid problens in the future that's why you can only withdraw if you are a verified user.

Golftech

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Quote from: madwica on October 12, 2016, 09:44:54 PM

Quote from: Doamader on October 12, 2016, 06:56:14 PM

Quote from: DeDordtenaar on October 12, 2016, 06:09:06 PM

Quote from: Doamader on October 06, 2016, 06:03:40 PM

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

You are wrong, fiat ilegal activities are covered with fake companies, with employers, soo they do clean the money they earn from those and you cant trace, otherwise we wouldnt have criminals under those activities, sure bitcoin does make it more easy maybe, but those people will need to exchange the bitcoins into fiat, and doing those they get exposed easy.

It has possibility that bitcoin will used in illegal since we do not give our personal information even you are using fiat in online using your bitcoin wallet you can not easily trace if anyone are looking for your transaction.

yup its not easy to trace us right away with only the transaction so its possible many small time pushers and those who's making illegal transaction even the low end who knows how to deal with computer already taking advantage of this service.

madwica

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Quote from: Doamader on October 12, 2016, 06:56:14 PM

Quote from: DeDordtenaar on October 12, 2016, 06:09:06 PM

Quote from: Doamader on October 06, 2016, 06:03:40 PM

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

You are wrong, fiat ilegal activities are covered with fake companies, with employers, soo they do clean the money they earn from those and you cant trace, otherwise we wouldnt have criminals under those activities, sure bitcoin does make it more easy maybe, but those people will need to exchange the bitcoins into fiat, and doing those they get exposed easy.

It has possibility that bitcoin will used in illegal since we do not give our personal information even you are using fiat in online using your bitcoin wallet you can not easily trace if anyone are looking for your transaction.

Doamader

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Quote from: DeDordtenaar on October 12, 2016, 06:09:06 PM

Quote from: Doamader on October 06, 2016, 06:03:40 PM

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

You are wrong, fiat ilegal activities are covered with fake companies, with employers, soo they do clean the money they earn from those and you cant trace, otherwise we wouldnt have criminals under those activities, sure bitcoin does make it more easy maybe, but those people will need to exchange the bitcoins into fiat, and doing those they get exposed easy.

BeGoods

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Quote from: goldcoinminer on October 08, 2016, 08:39:25 PM

Quote from: BeGoods on October 08, 2016, 04:53:47 PM

Quote from: Iceborn on October 07, 2016, 08:55:01 PM

Quote from: Doamader on October 06, 2016, 06:03:40 PM

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.

Indeed you are right but I think its logical because every currency is used for some criminal activity these days and we can do nothing about it too.
I think its logical and not bad that it is used for it because we cannot do anything about it, it may even give the bitcoin a boost.

of course it is a natural thing and very logical if one uses currency bitcoin for something they need, whether it's illegal or legal is up to them, the difference with another currency bitcoin is more secure and hidden, that's why I see a lot of issues who came on this matter, I think it is not a problem right ?

Our only concern is we can see a big increase on the circulation of bitcoin so in that way our investment will grow, that is something we are hoping to happen as for sure the price will abruptly increase, if they are using it for illegal activities that is their problem anymore and not for bitcoin.

furthermore agreed there would be no people who know that they are using bitcoin for illegal activities. who knows only himself and bitcoin will only leave the facility, they are responsible for themselves and what might happen to them
yeah we do not need to make it as a problem

DeDordtenaar

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Quote from: Doamader on October 06, 2016, 06:03:40 PM

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

subhiii

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I think so, the fact that you can make use of Bitcoin without people getting behind your information is of course ideal for cyber criminals. So the answer is yes Bitcoin is sometimes being used for illegal activities.

Topic: Is bitcoin being used for illegal activities - page 44. (Read 139758 times)