Is bitcoin being used for illegal activities - page 59.

Capradina

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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.

It was not a secret anymore, because indeed the bitcoin is a currency that most supports illegal activity. because anonymous bitcoin transactions implementing systems, so many mafia that utilize this. But on the other hand, bitcoin is a digital currency that is very profitable for us. for we only capitalized, some $ to buy when prices are low in the bitcoin and store it until the price of the bitcoin become higher

BitcoinPanther

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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.

bitlancr

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Quote from: KingdomHearts on August 05, 2016, 03:57:38 PM

Quote from: vero on August 04, 2016, 12:42:19 PM

Quote from: oceanriver on August 01, 2016, 12:31:48 PM

of course bitcoin is used for illegal stuff, we cannot do anything about so i dont worry about it

Are you sure safe using bitcoin for illegal acitivy so what you can buy with bitcoin "drugs,weed or what". in fact bitcoin only most use for gambling site so what a problem with that in some country, gambling isn't illegal.

yeah bitcoin is used for gambling but i think its not bitcoin fault because every currency can be used for illegal activity so people can be use bitcoin in limit for illegal activity and fiat currency can be used for unlimited illegal activity so its mean bitcoin is too much better than other currency.

Yes and bitcoin is being used for illegal activities on the dark web there's a thread on this forum with the title "Name the craziest shit you can buy with bitcoin" And if you read trough that you will see alot of illegal subjects so i reccommend to read that if your still interested about your question OP.

marleybobthedog

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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

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.

dothebeats

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Quote from: Sandroxa on September 12, 2016, 07:11:20 AM

Yes just as much as dollar is being used for illegal activities. What makes bitcoin so attractive for criminals is that it is very anonymous so nothing is able to trace back almost. This is why criminals buy weapons etc with it on the darkweb via tor no IP no trace to payments nothing just the stuff they ordered. Be careful there's alot of bad people into bitcoin aswell.

Not really that "anonymous" since if you know how to trace the taints and keep track of the addresses of where the coins went, you can associate such addresses to an organization, a group of people or a single person who were careless enough to leave traces of these addresses in the open.

Bitcoin serves as the safe haven for most criminal organizations because it is somewhat easier to hide unlike cash. But then again, you can trace those coins and even exchanges would raise a red flag if a huge amount was converted to cash due to AML regulations.

Sandroxa

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Yes just as much as dollar is being used for illegal activities. What makes bitcoin so attractive for criminals is that it is very anonymous so nothing is able to trace back almost. This is why criminals buy weapons etc with it on the darkweb via tor no IP no trace to payments nothing just the stuff they ordered. Be careful there's alot of bad people into bitcoin aswell.

stevo401

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I expect that a lot of the value of bitcoin may actually be derived from its use in darknet marketplaces.
The administrator of Silk Road was arrested on 1 October 2013, when the price of Bitcoin was $US133. By 29 November 2013 the price was $US1132. This can be explained by the masses of media attention which was received for Bitcoin over this time, however the bulk of this was in relation to Silk Road. If people learned about Bitcoin by it's association with drug markets and the price grew exponentially, it's reasonable to assume that at least a portion of this growth was due to people looking to buy bitcoin so that they too could participate in illegal markets.

If drug deals were being paid for with Jelly Beans, and after the media covered the story the price of Jelly Beans exploded, it's pretty safe to assume that a portion of people are buying them with the view to buy drugs.

Indrawan77

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Quote from: adriaymati58 on August 16, 2016, 06:59:57 AM

Some bitcoins are being used for illegal activity like literally every single currency in the world, USD and the like are being used for tons of illegal activity... I don't think that takes any of the value of coins.

To be honest i think it is, bitcoin is one of the most ideal currency to do illegal things because its so hard to track it, and the worst thing is some of the people directly judge all of bitcoin user are bad guys, so it has made bitcoin difficult to be developed, and even some people proudly announce that they are using bitcoin for bad things

Sponsoredby15

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Probably yes because it is use to pay illegal drugs and fire arms in deep web. If you visit deep web there is black market over there to sell contrabands and illegal drugs. It is the center of dealer syndicates all over the world. And it is hard to trace because ut is using anonymous ip address. And dont go to that without knowledge of what is deepweb all about.

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Quote from: serjent05 on August 15, 2016, 12:02:53 PM

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.

True illegal activity is used or canuse or be injected in any form of currency. Currency as we know is a tool use in trading goods and stuff so basically anything that can be use to replace fiat money in order to hide from government regulation is an advantage for these people. So they would likely to migrate in using bitcoin as their tool for payment.

your statement which i just bold above is definitely right,currency don't have brain to choose an option whether to be used for criminal things or good things,and can't spend themselves,it's just some people who have lack of thinking ability and end up generalizing a currency

adriaymati58

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Some bitcoins are being used for illegal activity like literally every single currency in the world, USD and the like are being used for tons of illegal activity... I don't think that takes any of the value of coins.

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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.

True illegal activity is used or canuse or be injected in any form of currency. Currency as we know is a tool use in trading goods and stuff so basically anything that can be use to replace fiat money in order to hide from government regulation is an advantage for these people. So they would likely to migrate in using bitcoin as their tool for payment.

goinmerry

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Everyday it is being used in illegal activities. You could see it in twitter and facebook. Those scam site are attracting people then run away after they get what they want.

JeffBrad12

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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.

Mauser

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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.

Tyrantt

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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.

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Quote from: darklus123 on August 15, 2016, 02:56:12 AM

I think it really is. Especially in the porn industries i think there were few porn sites that accepts bitcoins as a primary payment for their VIP members and of course illegal gamblings because bitcoin can hide identities.

Bitcoin has no borders. Just because some countries thinks that gambling is illegal and they restrict all of the gambling websites doesn't necessarily mean it really is illegal. Many persons feel frustrated by this and they go to play to bitcoin casinos. This is not illegal but illegal is to buy drugs or watch porn with minors online which many on the deep web do and unfortunately they use bitcoin for this and consequently give bitcoin a bad reputation.

darklus123

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I think it really is. Especially in the porn industries i think there were few porn sites that accepts bitcoins as a primary payment for their VIP members and of course illegal gamblings because bitcoin can hide identities.

BTC Loading

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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 with paying in cash for some services
to harden the use of illegal , and money laundering

Yes we know that majority of online related fraud is been backed up by bitcoin anonymity, but the are still good people that uses bitcoin transaction on daily bases. many country government hate bitcoin because the believe and think that bitcoin will make there local currency fall many of them sponsors illegal bitcoin activities just to give bitcoin a bad name just because the can have full control of the currency . even banks have been doing lots of research on bitcoin and the see a clue that bitcoin can make bank Disappear one day.

Grin

you know why Grin

Bitcoin transaction is very fast
The can not freeze your account (because the don't control your account like the bank does)
Low transaction fee so the can make profit from you (bank investor gain millions and billions from innocent customers but with bitcoin the may be left WITH empty POCKET)

but the funny thing is that bitcoin is controlled by nobody

the may block people from accessing any site related to bitcoin but remember that we are in the modem world where strong and anonymous VPN have been developed with your privacy secured AND YOUR ISP ARE JUST WASTING THERE TIME

You cant stop what you never knew how it started

SO FRIENDS LETS KEEP BITCOIN MOVEMENT GOING, LETS COME TOGETHER AND CRATE OPEN SOURCE PROJECT THAT IS BASED ON BITCOIN Grin

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Quote from: serjent05 on August 07, 2016, 11:40:37 AM

Quote from: goinmerry on August 07, 2016, 10:06:44 AM

I dont think we will see all those illegal transactions, some might be doing it right now but we will not see it. Maybe if we can access the deep web or more. But it is scary when you go down there.

illegal activities are tend to be done in the dark. Meaning no one is suppose to see it except for the people involved. It really is scary especially when you are not used on it. But bitcoin had been in bad press ever since, yes it is used in many illegal activities but more honest and legit merchant are using it now.

I agree with you. Illegal activites must be very secret and only 1 or 2 people know that activities, because it's illegal and yes, i think somewhere out there, bitcoin being used for illegal activities.

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