Is bitcoin being used for illegal activities - page 47.

agustina2

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Quote from: Zadicar on October 07, 2016, 05:01:08 AM

Quote from: madwica on October 07, 2016, 01:43:56 AM

There is always a possibility that bitcoin will used in illegal activities since all of us can make our own online wallet and we can transact privately, but i am wishing that no users do that i want the bitcoin will exist for a long time of lifetime.

You could not expect for someone not to use it on illegal purposes because bitcoin has the most beautiful characteristic which is being anonymouse and people do like that very much especially for those people who dont like to be traced on their transaction which you should expect that it would be used for sure on illegal.

Actually bitcoin is not that anonymous much although by outer looks of it, a normal person can be defined it as anonymous.

That is great advantage when used in illegal activities. So any other that has value can be used in any illegal activities even physical goods or things.

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Quote from: madwica on October 07, 2016, 01:43:56 AM

There is always a possibility that bitcoin will used in illegal activities since all of us can make our own online wallet and we can transact privately, but i am wishing that no users do that i want the bitcoin will exist for a long time of lifetime.

You could not expect for someone not to use it on illegal purposes because bitcoin has the most beautiful characteristic which is being anonymouse and people do like that very much especially for those people who dont like to be traced on their transaction which you should expect that it would be used for sure on illegal.

madwica

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There is always a possibility that bitcoin will used in illegal activities since all of us can make our own online wallet and we can transact privately, but i am wishing that no users do that i want the bitcoin will exist for a long time of lifetime.

agustina2

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Quote from: mirakal on October 06, 2016, 10:43:58 PM

Quote from: Windpower on October 06, 2016, 10:28:02 PM

Quote from: OnlyMarket on October 06, 2016, 05:13:01 PM

Aw shit, I guess we have to ban cash because it's used for purchasing drugs. :/

To answer your question, they can't do shit.

Unless they ban every Bitcoin related website, then yeah, they can't do shit. Even if they ban all Bitcoin websites, they can't go to everyone's house and take their hardware or software wallet. This means that people can still trade and use Bitcoin.

They cannot ban bitcoin because we have the freedom to use it and that is not good for the humanity, bitcoin has a good benefits for majority of people, so if the minority is using it for illegal activities that is not a good ground to ban bitcoins. In any cases, the majority always win.

It's possible for some countries to ban bitcoin. That is an easy task to do if government's software and IT expert will do the work seriously. Banning bitcoin related sites is just a piece of cake.

But it is only applicable in a certain country and not as a whole. There are ways to access again those sites but how come a person will still access those if using bitcoin is punishable under law.

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Quote from: passwordnow on October 06, 2016, 11:15:20 PM

Quote from: 23dzmaz on October 06, 2016, 10:59:59 PM

I'm sure yes, somewhere out there bitcoin being used for illegal activites. Using bitcoin as the payment for illegal activities is really good for the buyer and the seller, because it's easy to use and have low fee.

Well not just bitcoins but as well as fiat money because the people in the deep web or dark marketplaces are in favor of using bitcoins. Because of its anonymity they are loving that feature of bitcoin. But it is not totally and completely anonymous because if someone is just going to trace the transactions, they would do.

thats the good thing there since many users still doing this kind of transaction even its been labeled as use for illegal there are still people also using it for their business anonymously so it wont hurt that much bitcoin will still survive.

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Quote from: 23dzmaz on October 06, 2016, 10:59:59 PM

I'm sure yes, somewhere out there bitcoin being used for illegal activites. Using bitcoin as the payment for illegal activities is really good for the buyer and the seller, because it's easy to use and have low fee.

Well not just bitcoins but as well as fiat money because the people in the deep web or dark marketplaces are in favor of using bitcoins. Because of its anonymity they are loving that feature of bitcoin. But it is not totally and completely anonymous because if someone is just going to trace the transactions, they would do.

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Quote from: OnlyMarket on October 06, 2016, 05:13:01 PM

Aw shit, I guess we have to ban cash because it's used for purchasing drugs. :/

To answer your question, they can't do shit.

bitcoin still anonymous not verified not dispute not baned system
if you use wallet blockchain, or dekstop wallet this electrum and another dekstop wallet
you can always use bitcoin addres bitcoin in all time never baned

because until now bitcoin still anonymous not owner not founder, founder satsohi nakamoto still anonymous

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I'm sure yes, somewhere out there bitcoin being used for illegal activites. Using bitcoin as the payment for illegal activities is really good for the buyer and the seller, because it's easy to use and have low fee.

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Quote from: Windpower on October 06, 2016, 10:28:02 PM

Quote from: OnlyMarket on October 06, 2016, 05:13:01 PM

Aw shit, I guess we have to ban cash because it's used for purchasing drugs. :/

To answer your question, they can't do shit.

Unless they ban every Bitcoin related website, then yeah, they can't do shit. Even if they ban all Bitcoin websites, they can't go to everyone's house and take their hardware or software wallet. This means that people can still trade and use Bitcoin.

They cannot ban bitcoin because we have the freedom to use it and that is not good for the humanity, bitcoin has a good benefits for majority of people, so if the minority is using it for illegal activities that is not a good ground to ban bitcoins. In any cases, the majority always win.

Windpower

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Quote from: OnlyMarket on October 06, 2016, 05:13:01 PM

Aw shit, I guess we have to ban cash because it's used for purchasing drugs. :/

To answer your question, they can't do shit.

Unless they ban every Bitcoin related website, then yeah, they can't do shit. Even if they ban all Bitcoin websites, they can't go to everyone's house and take their hardware or software wallet. This means that people can still trade and use Bitcoin.

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Quote from: goldcoinminer on October 06, 2016, 02:20:29 AM

Quote from: 1Referee on October 06, 2016, 02:13:52 AM

Quote from: Schuyler on October 06, 2016, 02:08:19 AM

Makes me wonder what if bitcoin had been around during the reign of Pablo Escobar. I have been watching a lot of Narcos lately and it just crossed my mind. Those buried money would not have rotten if they were converted. Wink

That's right, but money is still being buried in some cases, so in that aspect not much has changed. At this point they would either had to purchase a huge load of coins through cash money, or they put it into stolen art for example. I personally would at all times go for Bitcoin since you only need an USD stick to store hundreds of millions worth of coins.

Well in that aspect bitcoin has the advantage, however if you will try to analyze majority of the transactions in this world are done manually or offline transaction, so bitcoin is only good for activities that involves online transaction.

Criminals use offline transaction or in cash to avoid traces of transactions. Now that bitcoin is here, they can use bitcoin because it is anonymous and untraceable. So criminals now have an option to use bitcoin instead of cash.

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Quote from: phieiph on October 04, 2016, 10:43:51 PM

Quote from: bitkilo on October 04, 2016, 09:06:40 PM

All types of money will be used for some sort of illegal activities at some point in its life.
It could be as simple as purchasing alcohol is a country where it's illegal or buying a kilo of coke.

There is nothing special about illegal goods being purchased with bitcoin, illegal goods have been purchased for decades with fiat cash.

If this trend continues, about any promotion of bitcoin can be no question. If using bitcoin will break the law, then the time will come when the government will look for ways to control cryptocurrency.

The governments can try shut it down all they want, and they have already tried in some ways but bitcoin and other crypto currencies are not going away.

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Quote from: Shinpako09 on October 06, 2016, 09:37:12 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.

Yeah what other people wrong is they are blaming bitcoin for illegal activity which is incorrect. Why do they blame bitcoin if fiat also being used in illegal activity. Its the same so theres no reason to blame btc.

That's how the way they see because of lack of knowledge and I can say that most of the people who only understands bitcoin are those who are enjoying its benefits, and besides we cannot control that people, if fiat is used for illegal activities, how much more a bitcoin.

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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.

Yeah what other people wrong is they are blaming bitcoin for illegal activity which is incorrect. Why do they blame bitcoin if fiat also being used in illegal activity. Its the same so theres no reason to blame btc.

ethereumhunter

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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 agree, there are no way to detect what bitcoin is using by legal or illegal by someone, the only thing that we can do is we honest to ourself and we can thinking just for good thing so we don't have to risk our life for doing illegal activities.

Doamader

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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.

OnlyMarket

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Aw shit, I guess we have to ban cash because it's used for purchasing drugs. :/

To answer your question, they can't do shit.

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Quote from: Mersedes on October 06, 2016, 03:44:32 PM

Quote from: ashiqdey on October 06, 2016, 05:14:18 AM

bitcoin is anonymous digital money and there is more scope to use the money for illegal activities. in dark net there is more use of cryptocurrency think because bank system would make them insecure. although we will know that boffin is getting transferred grim account to another but we week not know that whether it is used for legal or illegal purpose.

If you are already using exactly will conduct monetary transactions related to illegal actions, the bitcoin more interested in international police organization.

If you already have an interpolation will take up this matter, it could have done a lot of problems. And since many countries do not want to accept bitcoin as a currency.

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Quote from: ashiqdey on October 06, 2016, 05:14:18 AM

bitcoin is anonymous digital money and there is more scope to use the money for illegal activities. in dark net there is more use of cryptocurrency think because bank system would make them insecure. although we will know that boffin is getting transferred grim account to another but we week not know that whether it is used for legal or illegal purpose.

If you are already using exactly will conduct monetary transactions related to illegal actions, the bitcoin more interested in international police organization.

ashiqdey

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bitcoin is anonymous digital money and there is more scope to use the money for illegal activities. in dark net there is more use of cryptocurrency think because bank system would make them insecure. although we will know that boffin is getting transferred grim account to another but we week not know that whether it is used for legal or illegal purpose.

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