Is bitcoin being used for illegal activities - page 56.

vero

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Quote from: madwica on September 13, 2016, 04:37:18 AM

Quote from: jonahmarieaton101 on September 13, 2016, 04:01:31 AM

Quote from: virtualdn on February 06, 2016, 07:51:04 AM

BTC is money just like other currency so I assume yes but let's concentrate on its good side.

Yes BTC is money. It only matters that, the only person itself who use bitcoin will decide where he/she possible used the bitcoin and it depends for them where to use it, if it is in good way or in an illegal activities. And yes, lets just concentrate to use bitcoin in good ways.

There is always possibility to use it in illegal transactions but for me i do not like to happen that it will brings a big problem if government will trace that it will get banned in the country which the users are belong.

the government does not need to track every transaction because they already know that there are some bitcoin used for illegal transactions.

madwica

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Quote from: jonahmarieaton101 on September 13, 2016, 04:01:31 AM

Quote from: virtualdn on February 06, 2016, 07:51:04 AM

BTC is money just like other currency so I assume yes but let's concentrate on its good side.

Yes BTC is money. It only matters that, the only person itself who use bitcoin will decide where he/she possible used the bitcoin and it depends for them where to use it, if it is in good way or in an illegal activities. And yes, lets just concentrate to use bitcoin in good ways.

There is always possibility to use it in illegal transactions but for me i do not like to happen that it will brings a big problem if government will trace that it will get banned in the country which the users are belong.

jonahmarieaton101

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Quote from: virtualdn on February 06, 2016, 07:51:04 AM

BTC is money just like other currency so I assume yes but let's concentrate on its good side.

Yes BTC is money. It only matters that, the only person itself who use bitcoin will decide where he/she possible used the bitcoin and it depends for them where to use it, if it is in good way or in an illegal activities. And yes, lets just concentrate to use bitcoin in good ways.

1Referee

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Quote from: italianobitcoin on September 13, 2016, 03:27:53 AM

Every valuta in this world is probably being used for illegal activities so I don't see why bitcoin would be an exception especially cause bitcoins are anonymous.
Dark marketplaces are selling drugs guns hitman every other sick stuff and there's even undercovers on those markets so yes its being used for illegal stuff.

It's the media that always points at Bitcoin when these things happen. Just look at when fiat ransom is needed to pay in certain cases. The media softly reports about it. But when a few pocket change "hackers" demand like 5-10BTC in ransom, then Bitcoin is being seen as the evil that makes it possible to pull off these ransom demands. It's a shame.

Bitcoinsummoner

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Quote from: Xester on September 13, 2016, 03:19:09 AM

Quote from: groll on September 12, 2016, 10:17:10 PM

Quote from: Mr. Big on September 12, 2016, 08:21:31 PM

Quote from: kidoseagle0312 on September 12, 2016, 08:13:41 PM

Since that bitcoin is very open to any individuals, which means it can be use for legal and illegal activities any transaction whether good or bad. It will be depend on how the individuals where they going to use their bitcoins.

Usually bitcoin's purpose is good, but there are bastards who are using it selfishly on their things which sometimes are illegal and leaving everyone the same stain and making normal people who are not using bitcoin that bad impression about it...

Yes it is. Those people were the one who really want the "make rich fast" thing. And would do anything to become rich and of course using bitcoin or any other digital currency. We know that bitcoin is really a good way to use for online transactions thus it is no wonder that people are using it on black market. People are naturally selfish and greedy but those people who uses bitcoins on wrong things were evil.

Yes I agree with you those evil people will do anything for money without considering other people. They would even sell their souls to devil just to be rich. It become easy for these people to transact when bitcoin arrives. They can do their evil transactions more easy, fast, and accurately. Without any risk of exposing their through identities.

This is why government still didn;t publish it locally to use bitcoin because of this.. But i hope it can be change in the future..

italianobitcoin

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Every valuta in this world is probably being used for illegal activities so I don't see why bitcoin would be an exception especially cause bitcoins are anonymous.
Dark marketplaces are selling drugs guns hitman every other sick stuff and there's even undercovers on those markets so yes its being used for illegal stuff.

Golftech

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Quote from: jacafbiz on September 13, 2016, 03:01:05 AM

No, because people still use the tradition fiat currency for illegal activities even before Bitcoin. Bitcoin is changing the remittance market and if it can get 20% of this market it is good for me

you are wrong mate bitcoin can use as a natural ways of payment so it is not impossible that it already been use in illegal activities as far as i remember i've heard a news in our local tv station that party drugs has been bought through bitcoin transaction.

Xester

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Quote from: groll on September 12, 2016, 10:17:10 PM

Quote from: Mr. Big on September 12, 2016, 08:21:31 PM

Quote from: kidoseagle0312 on September 12, 2016, 08:13:41 PM

Since that bitcoin is very open to any individuals, which means it can be use for legal and illegal activities any transaction whether good or bad. It will be depend on how the individuals where they going to use their bitcoins.

Usually bitcoin's purpose is good, but there are bastards who are using it selfishly on their things which sometimes are illegal and leaving everyone the same stain and making normal people who are not using bitcoin that bad impression about it...

Yes it is. Those people were the one who really want the "make rich fast" thing. And would do anything to become rich and of course using bitcoin or any other digital currency. We know that bitcoin is really a good way to use for online transactions thus it is no wonder that people are using it on black market. People are naturally selfish and greedy but those people who uses bitcoins on wrong things were evil.

Yes I agree with you those evil people will do anything for money without considering other people. They would even sell their souls to devil just to be rich. It become easy for these people to transact when bitcoin arrives. They can do their evil transactions more easy, fast, and accurately. Without any risk of exposing their through identities.

equator

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Quote from: posternat on September 13, 2016, 02:06:42 AM

I think what the OP is trying to ask is whether it is used primarily for that purpose and that would be a no. Most people that have touched Bitcoin never did anything with it past the initial interest.

I agree with you, actually when the bitcoin was introduced it was mainly used by the silk route traders for their illegal activity but as soon as the silk route got cleared and bitcoin got famous in the public and the real technology users started to use it for legal activity, but as it was first introduced with the illegal activity so it got a bad name in the first impression, and that impression has got in every ones mind.

but today's scenario is totally different it is used with high technology and for good purpose and in the lower end country the online bitcoin earning is a boon to earn money through bitcoin and living their life very good.

jacafbiz

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No, because people still use the tradition fiat currency for illegal activities even before Bitcoin. Bitcoin is changing the remittance market and if it can get 20% of this market it is good for me

posternat

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I think what the OP is trying to ask is whether it is used primarily for that purpose and that would be a no. Most people that have touched Bitcoin never did anything with it past the initial interest.

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Quote from: septian44 on September 13, 2016, 12:28:16 AM

Quote from: genos on September 12, 2016, 10:17:02 PM

Bitcoin being illegal or legal is depend on the person, who use it? anyone can use bitcoin in illegal transaction or legal transaction.

which is still an issue,not all countries recognize bitcoin,bitcoin is also considered bad because the value of currencies based on market demand and has a high degree of fluctuation,not all states prohibit all financial institutions accept transactions using bitcoin,virtual currency as legal tender.

Well you are right with it, there are some countries that are not allowing their people to use bitcoin with this kind of thinking.

Because when a person uses bitcoin they are thinking already that it is being use for illegal activities, but not all of time bitcoin was being use as that.

But there is a free will to the user on how they are going to use their own bitcoin, it's either for illegal or legal things.

septian44

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Quote from: genos on September 12, 2016, 10:17:02 PM

Bitcoin being illegal or legal is depend on the person, who use it? anyone can use bitcoin in illegal transaction or legal transaction.

which is still an issue,not all countries recognize bitcoin,bitcoin is also considered bad because the value of currencies based on market demand and has a high degree of fluctuation,not all states prohibit all financial institutions accept transactions using bitcoin,virtual currency as legal tender.

TraderETH

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Quote from: bitcoin110011 on February 06, 2016, 07:11:09 AM

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

Hmm.. if you got the informations from media, i am doubt about that because there are not a proof about that and there are not statement from users who use bitcoin for illegal activity. Becarefull with news not all of them are right.

Junamalik

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Quote from: bitcoin110011 on February 06, 2016, 07:11:09 AM

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

bitcoin is like other normal currency if you using for legal it's a legal transaction, if you using for illeagal it's a illegal transaction

ausbit

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Quote from: JeffBrad12 on August 15, 2016, 09:55:54 AM

Quote from: Mauser on August 15, 2016, 07:38:37 AM

Quote from: Tyrantt on August 15, 2016, 07:34:31 AM

Everythin is used for q criminal activity, i eon't believe that that fact could hurt bitcoin thqt much on the long run. Thqt fact could slow down btcs progress at the beginning but i believe it wont have any impact later on.

Yes, just because bitcoins are used for criminal activities should not be an argument against bitcoins. Any fiat currency is used for illegal activities and people still don't want to get rid of them.

All form of currency is having a change for using that in the illegal activities, and it's very hypocrite person, for people is just seeing from a once way about this, like the media just seeing if bitcoin is linked in the criminalism.

Yeah and personally I think apart from users gambling with bitcoins while gambling is illegal in their country there is nothing significant I can think of for which bitcoins are being used in an illegal activity. And hey come on we cannot blame users for gambling, let them have fun

Oralmat

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Now the way the OP worded the title makes for a pretty silly question, lol. I understand where it is going, but the actual question as worded gets an easy yes. Of course Bitcoin is used for illegal activities, like any other currency. The openness of the question makes that true for just about anything, even chewing gum is used for illegal activities, at least once since it was introduced.

StarofBTC

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Quote from: BitcoinPanther on September 12, 2016, 08:42:47 AM

Quote from: marleybobthedog on September 12, 2016, 08:02:22 AM

Quote from: bitcoin110011 on February 06, 2016, 07:11:09 AM

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 have heard that bitcoin is used by criminal in dark net and also in normal net to do anonymous payment because bitcoin don't ask for personal info to create account so there is illegal use of bitcoin and generally we can't imagine what human could do with a useful source.

It is already written in bitcoin history that Bitcoin is used in illegal activities, actually it is where it was used first. Until some of those illegal activities were quellled by Authorities. Now legal merchant are adopting bitcoin.

Bitcoin was highly used in the deep web before it surfaced. It was a good currency there for services and products that you can afford if you have bitcoins. I used to check on the deep web often way back in 2010-2013 and never really cared about what bitcoin was.

Xenophoto

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Bitcoin surely is being used for illegal activities just like any other good thing in this world. I was introducing Bitcoin to one of my money making colleagues, and then he was like "Bitcoin? That's being used in the darkNet, right?" Plenty of facebook pages has been talking about the deep web to attract more audience, and people who read about it thinks they are somewhat a kind of a bad-ass Internet user. My point is that facebook pages with the sole purpose of wanting to get their post a lot of shares, they post bad things about Bitcoin and connect it to the darkNet.

pakitz

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Yes, aside from the mere fact that its a currency, the person transacting it will have anonymity. Thats why there are some online wallets needs id verification in order for you to make big transactions in btc.

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