Is bitcoin being used for illegal activities - page 61.

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Quote from: diodio5 on August 04, 2016, 04:16:30 AM

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

I think we will not know the purpose of transactions of everyone in bitcoin. although the transaction id they can see but we will not know what they do with the transaction. so I think bitcoin is great to be used as payment for illegal goods. and I do not know if many people are using bitcoin to buy drugs and so on

Same goes up for fiat related transactions. Even if you use internet banking to send money, no one will be knowing what the purpose of that transaction was. And especially when it comes to cash money transactions. Bitcoin isn't any different. It's a currency that is being used for all kinds of purposes.

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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

I think we will not know the purpose of transactions of everyone in bitcoin. although the transaction id they can see but we will not know what they do with the transaction. so I think bitcoin is great to be used as payment for illegal goods. and I do not know if many people are using bitcoin to buy drugs and so on

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Quote from: romero121 on August 02, 2016, 09:12:50 AM

During the early days, more people adopted it for its anonymous nature than knowing its potential. Later users started knowing much about it and started using it as an investment as well earning source.

i think the use of bitcoin for illegal activities is not such a big problem, because if a local and regional currency can be use for illegal activities and the stage cannot stop them then how can we thing about the universal currency which is also anonymous. so the government should stop the illegal activities rather than to find what kind of currencies are they using.

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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

well i guess you are right about it and it is a little bit sad that we have no power to prevent people from doing illegal activities with bitcoin, i hope it will change in the future

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Quote from: romero121 on August 02, 2016, 09:12:50 AM

During the early days, more people adopted it for its anonymous nature than knowing its potential. Later users started knowing much about it and started using it as an investment as well earning source.

Yeah, but that's only a small part. Because I see all the people who use the bitcoin now (new) hooked or want to benefit greatly because of references from people who are already feeling it. The investment is the first step made by most beginners while using bitcoin, because from the very beginning they already know the potential of the bitcoin

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During the early days, more people adopted it for its anonymous nature than knowing its potential. Later users started knowing much about it and started using it as an investment as well earning source.

daringdiscovered

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Of course yes. We don't know how each one of us thinks. Others use it for good intention while others use it for illegal activities. They are taking advantage from it because of its anonymous transaction. They can hardly be traced by using bitcoin as a form of payment. It destroys the image of bitcoin. Those who use it for good are also accused using it for illegal things.

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Quote from: JeffBrad12 on August 01, 2016, 06:50:39 PM

Quote from: StoreBit on August 01, 2016, 05:24:20 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

and that is really not a bit problem because illegal activities might be done in all kind of currencies and not only in bitcoin. if we think about the Dolllar i think still dollar will be use for most of the illegal activities, therefore i there is no worries about this and that part of every society and not only bitcoin is responsible for that.

All of your statement is always possible to have happened in every time, And the problem of here is bitcoin getting blamed by some people is think the bitcoin as a triggers an illegal activity and they're very very wrong at this, you're right another currency giving a chance using for illegal activity.
but sometimes the criminal it no needs a currency for doing their criminal activity but just exchange their personal service into illegal goods it's can be. a many people having little thinks always know to blaming a one party and not seeing about the role and chance of another party.

This also is actually one of the reasons why some people hate bitcoin. This reason alone that bitcoin is used for illegal activities. I kind of always thought that they should hate their own currency as well if that's the reason they hate bitcoin since every currency IS being used for illegal transactions.

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Just follow the rules

there are many people uses bitcoins for illegal. those who are very eager to have a lot of bitcoins to the fact that they use other people just to have a lot of bitcoin and they also use tricks and cheats for them to double the amount. I see it won't hurt bitcoin in the long run because after all good news about bitcoin still dominates over those bad. i just don't do such things. I prefer to use legal for bitcoin.

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Quote from: StoreBit on August 01, 2016, 05:24:20 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

and that is really not a bit problem because illegal activities might be done in all kind of currencies and not only in bitcoin. if we think about the Dolllar i think still dollar will be use for most of the illegal activities, therefore i there is no worries about this and that part of every society and not only bitcoin is responsible for that.

All of your statement is always possible to have happened in every time, And the problem of here is bitcoin getting blamed by some people is think the bitcoin as a triggers an illegal activity and they're very very wrong at this, you're right another currency giving a chance using for illegal activity.
but sometimes the criminal it no needs a currency for doing their criminal activity but just exchange their personal service into illegal goods it's can be. a many people having little thinks always know to blaming a one party and not seeing about the role and chance of another party.

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Quote from: takingthis4 on August 01, 2016, 05:43:34 AM

Quote from: noictib on July 26, 2016, 04:41:53 AM

Yes Bitcoin can be Used For illegal Activities Because Bitcoin is also used in Black market and in black market illegal things are sold for Bitcoins then it is used For illegal activities...

and that is kinda bad thing to be honest though without that the bitcoin price wouldnt grow that much in my opinion and it would be a really bad thing

I think it would not be a bad thing for bitcoin. users have the freedom to use bitcoin. and they have confidentiality for the transactions that they do yeah you know because bitcoin is anonymous. so even if you're using bitcoin for illegal activities. other people will not know what you're doing

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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

and that is really not a bit problem because illegal activities might be done in all kind of currencies and not only in bitcoin. if we think about the Dolllar i think still dollar will be use for most of the illegal activities, therefore i there is no worries about this and that part of every society and not only bitcoin is responsible for that.

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that is stupid articulation, bitcoin is a money and cash can be utilized for anything if the client want,just like individuals do utilize dollar to purchase drugs or anything illicit? its the same like when you utilize btc,and about tax evasion, its conceivable to be done through any cash, do you ever saw individuals purchasing an extremely straightforward painted canvas with just 2 hues like red and blue ? also, they purchased it for $5 million? do you think its typical or IRS evasion?

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

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Quote from: deadsilent on August 01, 2016, 08:11:02 AM

I cannot be ban coz its the part of the economy. They cant just do that. It is also currency like money we are spending. If your money use to any illegal things, can your money be ban too? Ofcourse not. Bitcoin also is the same as money we are spending.

In the first place, why having up some idea that bitcoin or any forms of money are bannable if it used for illegal activities?

The point here is, if bitcoin has been using for illegal activities or not which likely we all know what is the "appropriate" answer.

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I cannot be ban coz its the part of the economy. They cant just do that. It is also currency like money we are spending. If your money use to any illegal things, can your money be ban too? Ofcourse not. Bitcoin also is the same as money we are spending.

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Quote from: noictib on July 26, 2016, 04:41:53 AM

Yes Bitcoin can be Used For illegal Activities Because Bitcoin is also used in Black market and in black market illegal things are sold for Bitcoins then it is used For illegal activities...

and that is kinda bad thing to be honest though without that the bitcoin price wouldnt grow that much in my opinion and it would be a really bad thing

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Quote from: darklus123 on July 31, 2016, 10:45:22 PM

Quote from: anama on July 30, 2016, 07:26:24 PM

several country is ready about regulated bitcoin example is japan china
even the American was already regulation of bitcoin
but not all country is regulated bitcoin because bitcoin is anonymous
not founder not owner not company

In this certain country japan,america and china might did this action to prevent using bitcoin in money fraud and some country decided not to legalized this because of the same reason but it would be harder for them monitor because they didnt adopt this one

It's difficult to prevent the money fraud because if you wanna to prevent the bitcoin in the fraud money it's possible if you change the basic structure of bitcoin system and eliminating the anonymity of bitcoin. but if you can't just wish for the people is no ever to using this currency for money fraud.

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Yes bitcoin is being used for illegal purpose, right from drugs deal to weapons deal but wait it’s not only bitcoin, they also use fiat. Bitcoin community has the biggest threat of goodwill damage. Accept it or not but governments are on neutral mode right now and any mistake can lead us to being labeled as currency of criminals. Instead of waiting and watching we should find the solutions to such critical issues because this is what, which is going to shape the future of bitcoin.

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Tell us something we don't know about it? Since it was created it has been used on Silk road.
Just like any other currency it will and can be used to purchase these elicit items on a whim.
It just is up to the buyer to find a means of getting them if they are so inclined on doing so.

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