Topic: Is bitcoin being used for illegal activities - page 6. (Read 139744 times)
Bitcoin without doubt will be used for illegal purpose than regular needs. One of the best example to describe it is gambling. In countries where gambling is banned can be used easily with the bitcoin. But now with its potential it has evolved as a currency than a token for gambling and other illegal needs.
My goverment forbid bitcoin usage because it can be use for money laundry ( advantage for terorism activity )
So it has small chance for my goverment for bitcoin usage as the result bitcoin popularity can't grow like EU zone
I think only a few politicians in a country know about bitcoin, I think even though they knew about bitcoin, they certainly will not take the risk to launder millions of dollars in bitcoin because it is very riskySo it has small chance for my goverment for bitcoin usage as the result bitcoin popularity can't grow like EU zone
My goverment forbid bitcoin usage because it can be use for money laundry ( advantage for terorism activity )
So it has small chance for my goverment for bitcoin usage as the result bitcoin popularity can't grow like EU zone
I think only a few politicians in a country know about bitcoin, I think even though they knew about bitcoin, they certainly will not take the risk to launder millions of dollars in bitcoin because it is very riskySo it has small chance for my goverment for bitcoin usage as the result bitcoin popularity can't grow like EU zone
Well, for my country it is not illegal but I can say that if you make a high amount of bitcoin and than exchange it for fiat currency they may ask “where did you get this money from” which might be hard to explain to goverments all around the world. So make bitcoin, spend bitcoin 
,means do not try to encash it.
,means do not try to encash it.Why you want to go through all these trouble? Instead of receiving the money in your bank account, you can meet up with some reputed trader from the localbitcoins and then exchange your coins for physical cash. How the government is going to track you?
Of course it does, everything in this world can be use in any illegal activities, even FIAT money used to illegal activities, how much more cryptocurrencies that is use in a virtual world and you are transacting to a person that you can't even see or touch that can make himself/herself fully anonymous in the internet, that is more far dangerous though.
yes i am agree with you there is no doubt this that bitcoin can be use for illegal activities and there is also no doubt about this that all other fiat currencies may also be used for illegal activities, but there is no fault of bitcoin as most of the people still using it for good and legal activities. 
Well, for my country it is not illegal but I can say that if you make a high amount of bitcoin and than exchange it for fiat currency they may ask “where did you get this money from” which might be hard to explain to goverments all around the world. So make bitcoin, spend bitcoin ,means do not try to encash it.
,means do not try to encash it.Why you want to go through all these trouble? Instead of receiving the money in your bank account, you can meet up with some reputed trader from the localbitcoins and then exchange your coins for physical cash. How the government is going to track you?
Of course it does, everything in this world can be use in any illegal activities, even FIAT money used to illegal activities, how much more cryptocurrencies that is use in a virtual world and you are transacting to a person that you can't even see or touch that can make himself/herself fully anonymous in the internet, that is more far dangerous though.
And upon using bitcoin with illegal activities, those criminals are very favored for adopting it with their transactions for they will be hard to be traced.
Also they don't have to put their names or any other information that will be able to know their identity.
So they are taking advantage of bitcoins for their illegal activities, the same thing on how they use it with fiat money.
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 think it's just doing person dislike of bitcoin, many positive things of bitcoin 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
1. bitcoin can fill your free time
2. bitcoin can get more profit
3. bitcoin can add your income etc
My goverment forbid bitcoin usage because it can be use for money laundry ( advantage for terorism activity )
So it has small chance for my goverment for bitcoin usage as the result bitcoin popularity can't grow like EU zone
So it has small chance for my goverment for bitcoin usage as the result bitcoin popularity can't grow like EU zone
It depends on exactly what kind of ban your government has imposed on Bitcoin usage. May I know what country you are from? Other than that, it basically doesn't matter for criminals whether or not the government have banned Bitcoin. They will use it either way as they can simply convert their coins to fiat back and forth via other countries.
,means do not try to encash it.
My goverment forbid bitcoin usage because it can be use for money laundry ( advantage for terorism activity )
So it has small chance for my goverment for bitcoin usage as the result bitcoin popularity can't grow like EU zone
So it has small chance for my goverment for bitcoin usage as the result bitcoin popularity can't grow like EU zone
It depends on exactly what kind of ban your government has imposed on Bitcoin usage. May I know what country you are from? Other than that, it basically doesn't matter for criminals whether or not the government have banned Bitcoin. They will use it either way as they can simply convert their coins to fiat back and forth via other countries.
,means do not try to encash it.
My goverment forbid bitcoin usage because it can be use for money laundry ( advantage for terorism activity )
So it has small chance for my goverment for bitcoin usage as the result bitcoin popularity can't grow like EU zone
So it has small chance for my goverment for bitcoin usage as the result bitcoin popularity can't grow like EU zone
It depends on exactly what kind of ban your government has imposed on Bitcoin usage. May I know what country you are from? Other than that, it basically doesn't matter for criminals whether or not the government have banned Bitcoin. They will use it either way as they can simply convert their coins to fiat back and forth via other countries.
,means do not try to encash it. 
As the nature of bitcoin as an anonymous currency it is pretty easy to make scams and to do some illegal stuffs with bitcoins as it will be pretty hard to call the law on you or to find your idenity.
But people also use cash to deal with drugs and do illegal stuffs,does it mean that we should ban cash?
I dont think so.
But people also use cash to deal with drugs and do illegal stuffs,does it mean that we should ban cash?
I dont think so.
In the beginning it was estimated that most bitcoin trading volume was for the dark market. Now not so much. It didn't stop bitcoin then and it wont stop it now.
NO.
That is wrong information. In the beginning, the vast majority of the Bitcoin transaction volume was accounted by the online gambling sites (especially Satoshi-dice). I am not sure about the proportion which was directed towards the dark markets, but I assume that it was less than 10% of the total volume.
Of course it does, everything in this world can be use in any illegal activities, even FIAT money used to illegal activities, how much more cryptocurrencies that is use in a virtual world and you are transacting to a person that you can't even see or touch that can make himself/herself fully anonymous in the internet, that is more far dangerous though.
Like others have said it is being used, but what about it? Illegal doesn't mean bad, unethical. For instance in North Korea it's illegal to have internet and in China it's illegal to move money out of the country. 
It makes illegal because it is against the law. So once they not follow the rules they are no longer an abiding citizen of course. They will be put in jail, pay the penalties and mark as criminal, is that what they really want? So before doing anything even we have the rights on how to use btc, think about the consequences. 
Like others have said it is being used, but what about it? Illegal doesn't mean bad, unethical. For instance in North Korea it's illegal to have internet and in China it's illegal to move money out of the country.
Bitcoin is being used for illegal activities. In the beginning it was estimated that most bitcoin trading volume was for the dark market. Now not so much. It didn't stop bitcoin then and it wont stop it now.
That simply because it's anonymous so it became the favorite of the people who do illegal activities. It's something we cannot control as bitcoin is not regulated so we cannot do anything about it. Just learn to reap the benefits of their actions instead of condoning them. They are making bitcoin more popular.Bitcoin is being used for illegal activities. In the beginning it was estimated that most bitcoin trading volume was for the dark market. Now not so much. It didn't stop bitcoin then and it wont stop it now.
That simply because it's anonymous so it became the favorite of the people who do illegal activities. It's something we cannot control as bitcoin is not regulated so we cannot do anything about it. Just learn to reap the benefits of their actions instead of condoning them. They are making bitcoin more popular.
Bitcoin is being used for illegal activities. In the beginning it was estimated that most bitcoin trading volume was for the dark market. Now not so much. It didn't stop bitcoin then and it wont stop it now.
As long as the state does not stop trying to make Bitcoin controlled and users are not forced to pay taxes, then as long Bitcoin is particularly outlawed in some countries. This is sad.
And the fact that bitcoin cannot be controlled by the state then illegal activities will remain and won't be forced to be gone. Because even in fiat money, it is being controlled and produced by the central banks. Still the government is having hard time to fight against those criminals who are using it for their illegal activities, it is by nature that criminals can do everything just for the sake of their illegal activities.
Well for me bitcoin is just a business if you have it.. you can buy and sell it the value of bitcoin is unpredictable
so bitcoin has a value anytime they can use bitcoin as alternative so i think not only bitcoin are uses in darkweb they are also using other payment method like perfect money ..
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