Is bitcoin being used for illegal activities - page 48.

Rizky Aditya

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Quote from: Pursuer on October 06, 2016, 03:27:29 AM

Quote from: Rizky Aditya on October 06, 2016, 03:24:00 AM

Quote from: myferrari on October 06, 2016, 12:41:33 AM

Quote from: p_linz on October 05, 2016, 02:29:07 AM

Quote from: martinacar on October 05, 2016, 02:26:14 AM

Bitcoin is being used for illegal activities as much as fiat is being used for illegal activities, it doesn't mean it's the fault of bitcoin or that bitcoin is a bad currency.
There's criminals everywhere and bitcoin is attractive cause it's very anonymous to all those criminals.

criminal activities are even higher with fiat. and this is btw a sign of a good currency. everyone can use it. if you leave certain people out and you can decide who can use it, then you have a bad currency.

Yup, fiat world is too big, more crimes, maybe criminals will use bitocin to do bad things, it is beneficial to bitcoin price.

I don't know why people make such a big deal about criminal activity for Bitcoin. Fiat has way more criminal activity. It definitely is used for illegal activity.

not people, say the Media. there is a difference.
and it has two major reasons, one of them is that the media is always hungry for publishing these types of news, mostly negative and ugly and more importantly HOT. it is either click bait, increasing more sale, or viewers, ...
and also there is this propaganda to not let bitcoin grow, that is why they show it in a negative light and show it as a criminals coin.

Yeah the media love to hate on Bitcoin. Fiat is probably worse when it comes to criminal activity, but there always seems to be a problem with Bitcoin.

TastyChillySauce00

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Quote from: vino.gcs on October 06, 2016, 03:44:33 AM

You can do illegal things with any currency. Even with fiat and it is happening as I am typing this shit! To be honest, Bitcoin is more safe for illegal activities than fiat, that's that. Just because that no government is going to ban this. They just can't.

so what do you think about every address's transaction history that can't be deleted from the blockchain and can be accessed anytime by using blockchain explorer when if you're using fiat there's no way to trace you if none saw you making a transaction,even bitcoin is not safe for illegal thing

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Quote from: Rizky Aditya on October 06, 2016, 03:24:00 AM

I don't know why people make such a big deal about criminal activity for Bitcoin. Fiat has way more criminal activity. It definitely is used for illegal activity.

It's not for a big deal matter. Just some concerns if bitcoin is being used too for illegal activities.

And we know that the answer is obvious as bitcoin is also money, have value and can be used on whatever desire that people wants.

Betwrong

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Yes Bitcoin is being used for illegal activities, I think everybody who at least heard something about Bitcoin knows that. But we shouldn't forget that almost everything in the world, fiat money, guns, knives, drugs, ... even simple water is being used for illegal activities one way or another. So it's your personal choice how to look at things and their place in the world.

IMO it is better to not emphasize the dark side of something especially if you are going to work with this thing in the future, but of course we shouldn't be unaware of this side.

vino.gcs

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You can do illegal things with any currency. Even with fiat and it is happening as I am typing this shit! To be honest, Bitcoin is more safe for illegal activities than fiat, that's that. Just because that no government is going to ban this. They just can't.

Caladonian

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Quote from: Pursuer on October 06, 2016, 03:27:29 AM

Quote from: Rizky Aditya on October 06, 2016, 03:24:00 AM

Quote from: myferrari on October 06, 2016, 12:41:33 AM

Quote from: p_linz on October 05, 2016, 02:29:07 AM

Quote from: martinacar on October 05, 2016, 02:26:14 AM

Bitcoin is being used for illegal activities as much as fiat is being used for illegal activities, it doesn't mean it's the fault of bitcoin or that bitcoin is a bad currency.
There's criminals everywhere and bitcoin is attractive cause it's very anonymous to all those criminals.

criminal activities are even higher with fiat. and this is btw a sign of a good currency. everyone can use it. if you leave certain people out and you can decide who can use it, then you have a bad currency.

Yup, fiat world is too big, more crimes, maybe criminals will use bitocin to do bad things, it is beneficial to bitcoin price.

I don't know why people make such a big deal about criminal activity for Bitcoin. Fiat has way more criminal activity. It definitely is used for illegal activity.

not people, say the Media. there is a difference.
and it has two major reasons, one of them is that the media is always hungry for publishing these types of news, mostly negative and ugly and more importantly HOT. it is either click bait, increasing more sale, or viewers, ...
and also there is this propaganda to not let bitcoin grow, that is why they show it in a negative light and show it as a criminals coin.

good point mate just for media bias news and still more readers got interested but for sure nothing is new there bitcoin is a currency so it will be use the same way with any other form of currency.

Mastsetad

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Which currency is not being used for illegal activities? None, each and every currency in the world if used in one or more criminal activities and no one can prevent that from happening nor it has any effect on that currency and the currency got nothing to get blamed for that.

UnknownEye

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Quote from: Rizky Aditya on October 06, 2016, 03:24:00 AM

I don't know why people make such a big deal about criminal activity for Bitcoin. Fiat has way more criminal activity. It definitely is used for illegal activity.

Haha.I also agree with you.For me Bitcoin is not too old and still new in real world.That why when people talk about bitcoin,it only lead to criminal and darknet topic.For me,the fiat money is still more evil because there are many illegal is dealing with fiat money.For example,drug.So i don know why,people always think bitcoin as a money for illegal purpose.

Pursuer

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Quote from: Rizky Aditya on October 06, 2016, 03:24:00 AM

Quote from: myferrari on October 06, 2016, 12:41:33 AM

Quote from: p_linz on October 05, 2016, 02:29:07 AM

Quote from: martinacar on October 05, 2016, 02:26:14 AM

Bitcoin is being used for illegal activities as much as fiat is being used for illegal activities, it doesn't mean it's the fault of bitcoin or that bitcoin is a bad currency.
There's criminals everywhere and bitcoin is attractive cause it's very anonymous to all those criminals.

criminal activities are even higher with fiat. and this is btw a sign of a good currency. everyone can use it. if you leave certain people out and you can decide who can use it, then you have a bad currency.

Yup, fiat world is too big, more crimes, maybe criminals will use bitocin to do bad things, it is beneficial to bitcoin price.

I don't know why people make such a big deal about criminal activity for Bitcoin. Fiat has way more criminal activity. It definitely is used for illegal activity.

not people, say the Media. there is a difference.
and it has two major reasons, one of them is that the media is always hungry for publishing these types of news, mostly negative and ugly and more importantly HOT. it is either click bait, increasing more sale, or viewers, ...
and also there is this propaganda to not let bitcoin grow, that is why they show it in a negative light and show it as a criminals coin.

Rizky Aditya

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Quote from: myferrari on October 06, 2016, 12:41:33 AM

Quote from: p_linz on October 05, 2016, 02:29:07 AM

Quote from: martinacar on October 05, 2016, 02:26:14 AM

Bitcoin is being used for illegal activities as much as fiat is being used for illegal activities, it doesn't mean it's the fault of bitcoin or that bitcoin is a bad currency.
There's criminals everywhere and bitcoin is attractive cause it's very anonymous to all those criminals.

criminal activities are even higher with fiat. and this is btw a sign of a good currency. everyone can use it. if you leave certain people out and you can decide who can use it, then you have a bad currency.

Yup, fiat world is too big, more crimes, maybe criminals will use bitocin to do bad things, it is beneficial to bitcoin price.

I don't know why people make such a big deal about criminal activity for Bitcoin. Fiat has way more criminal activity. It definitely is used for illegal activity.

doomistake

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To be honest, yes, it is being use in some illegal activities like buying illegal stuffs in the dark market in the deep web like Silk Road. I know you are all familiar with this issue because it's just happened last year. Silk road is a dark market that is in the deep web. They are selling drugs and other stuffs and the only payment that they accept is bitcoins for them and the buyers to stay anonymous but it doesn't mean that bitcoin will be banned just because of this. Other currencies like dollars and other money everywhere are being used in illegal activities but the government didn't ban it right? Because money can be spent in anything, anywhere as long as you have some. The thing here is that you can be put into jail if you get caught doing some illegal activities like buying drugs and so on, and you will be the one who is gonna pay for what you've done and not bitcoin.

goldcoinminer

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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.

1Referee

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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.

zend7

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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

Now there are better bands then the one of Escobar. They sell drugs through the dark net and no one knows who they are. They are making money quietly from a long time now. They haven't killed anyone or blackmailed anyone so in this sense these bands of our times are much better and much smarter than animals like Escobar and Griselda Blanco.

Schuyler

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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

dunfida

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Quote from: delliaerd on October 06, 2016, 12:33:45 AM

Quote from: mirakal on October 06, 2016, 12:08:33 AM

Quote from: goinmerry on October 05, 2016, 09:45:31 PM

Quote from: Angell on October 05, 2016, 09:16:54 PM

Come one people, which currency is not used for illegal activities? If you make a knfie for cutting onion and somebody kills with it. The knife isn't guilty because an idiot used it for that. The same goes with crypto world.

You got the right explanation. It is a thing and you cant blame it. It will not react to everything you file against it. The one who used it will be the one who will be liable for the act that he or she did. Simple as that. Every currency can be used even the one with a low value.

If you use bitcoin for illegal activities you have to pay the price because when you get caught you will be put behind the bars, although bitcoin is a good currency to hide transactions online but we should be matured enough to know the possible consequences for illegal activities.

Bitcoin transaction anonymity was being the reason for who wanna make an illegal transaction. But bitcoin anonymity is one of the benefit from using bitcoin. It give bitcoin users a better privacy. It is depend on who use bitcoin. Bitcoin just a currency, Not a crime thats it.

You are right bitcoin characteristics is being anonymous which is a really good thing for bitcoin but the usage would really depend on how the person would use it its either illegal or legal things. Yes its not a crime but its just whats the potential of bitcoin being used by anybody.

myferrari

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Quote from: p_linz on October 05, 2016, 02:29:07 AM

Quote from: martinacar on October 05, 2016, 02:26:14 AM

Bitcoin is being used for illegal activities as much as fiat is being used for illegal activities, it doesn't mean it's the fault of bitcoin or that bitcoin is a bad currency.
There's criminals everywhere and bitcoin is attractive cause it's very anonymous to all those criminals.

criminal activities are even higher with fiat. and this is btw a sign of a good currency. everyone can use it. if you leave certain people out and you can decide who can use it, then you have a bad currency.

Yup, fiat world is too big, more crimes, maybe criminals will use bitocin to do bad things, it is beneficial to bitcoin price.

delliaerd

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Quote from: mirakal on October 06, 2016, 12:08:33 AM

Quote from: goinmerry on October 05, 2016, 09:45:31 PM

Quote from: Angell on October 05, 2016, 09:16:54 PM

Come one people, which currency is not used for illegal activities? If you make a knfie for cutting onion and somebody kills with it. The knife isn't guilty because an idiot used it for that. The same goes with crypto world.

You got the right explanation. It is a thing and you cant blame it. It will not react to everything you file against it. The one who used it will be the one who will be liable for the act that he or she did. Simple as that. Every currency can be used even the one with a low value.

If you use bitcoin for illegal activities you have to pay the price because when you get caught you will be put behind the bars, although bitcoin is a good currency to hide transactions online but we should be matured enough to know the possible consequences for illegal activities.

Bitcoin transaction anonymity was being the reason for who wanna make an illegal transaction. But bitcoin anonymity is one of the benefit from using bitcoin. It give bitcoin users a better privacy. It is depend on who use bitcoin. Bitcoin just a currency, Not a crime thats it.

Vodka555

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Yep. Alot of people are using em to buy illegal drugs

chaser15

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Quote from: goinmerry on October 05, 2016, 09:45:31 PM

Quote from: Angell on October 05, 2016, 09:16:54 PM

Come one people, which currency is not used for illegal activities? If you make a knfie for cutting onion and somebody kills with it. The knife isn't guilty because an idiot used it for that. The same goes with crypto world.

You got the right explanation. It is a thing and you cant blame it. It will not react to everything you file against it. The one who used it will be the one who will be liable for the act that he or she did. Simple as that. Every currency can be used even the one with a low value.

And that is literally happening in all financial assets in the world. So it's really normal to see if bitcoin is used in illegal activities.

As long as things has value, it can be used in any kind of activities whether legal or not.

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