Is bitcoin being used for illegal activities - page 63.

goinmerry

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Quote from: Wowcoin on July 25, 2016, 03:39:29 PM

Many people now they use bitcoin in illegal activies like here in philippines many filipino using bitcoin to scam people for a small amount of monet they get dazzled to scam it. That is the time i started using bitcoin in our country they called it online paluwagan they used bitcoin for there transaction after payment they get activated in there facebook.

Filipinos? Be careful with whom you blame. You are telling it as if the whole people in this country are scammers. It will still depend on the person. Even if you are an American or German you can scam if you have a devil intent.

vetpet

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It is and can be used just like any other currency. If the one using it has malicious intent then that is what it will be involved in. Bitcoin is not any different then any other currency around the world.

dunfida

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Quote from: Strongkored on July 25, 2016, 11:02:13 PM

Quote from: Zadicar on July 25, 2016, 10:50:13 PM

Anything that involves stealing is illegal in any way. Its better to pay the electricity you consumed on your mining than to steals neihboors electricity, just think that they would suffer big current bill because of you which is really not good what if it happens to you? you would know the feeling of being cheated by anyone. You might kill them if you knew what they are doing

That's right friends, all forms of theft is illegal and the state also set about it

to me of course, I do not want to be cheated, with it so I tried not to cheat others.

Quote from: bitcapitalist on July 25, 2016, 10:55:49 PM

I think Bitcoin is being used for illegal activities. USD and every currency is used for illegal activities too. The problem is that BTC is harder to catch.

Absolutely right, and therefore if each currency can be used for illegal activities why blame bitcoin, because that wrong was not the money but the person. Perhaps it is their people who from the beginning was not like bitcoin.

Thou shall not steal and its one of the 10 commandments. So stealing to anyone its not good, Dont do unto others what you dont want others do unto you. Sorry for mentioning biblical things but this things are the most important to remember in our lifes. Just my opinion.

Windpower

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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

That doesn't really make sense. If i used normal money to buy drugs or guns, I'm pretty sure that that that currency would be banned. It's not the currency's fault, it's the consumer's. You shouldn't blame bitcoin for the illegal activities that people participate in.

Strongkored

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Quote from: Zadicar on July 25, 2016, 10:50:13 PM

Anything that involves stealing is illegal in any way. Its better to pay the electricity you consumed on your mining than to steals neihboors electricity, just think that they would suffer big current bill because of you which is really not good what if it happens to you? you would know the feeling of being cheated by anyone. You might kill them if you knew what they are doing

That's right friends, all forms of theft is illegal and the state also set about it

to me of course, I do not want to be cheated, with it so I tried not to cheat others.

Quote from: bitcapitalist on July 25, 2016, 10:55:49 PM

I think Bitcoin is being used for illegal activities. USD and every currency is used for illegal activities too. The problem is that BTC is harder to catch.

Absolutely right, and therefore if each currency can be used for illegal activities why blame bitcoin, because that wrong was not the money but the person. Perhaps it is their people who from the beginning was not like bitcoin.

bitcapitalist

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I think Bitcoin is being used for illegal activities. USD and every currency is used for illegal activities too. The problem is that BTC is harder to catch.

Zadicar

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Quote from: Strongkored on July 25, 2016, 10:31:53 PM

Quote from: madwica on July 25, 2016, 08:59:47 PM

In your statement mate i understand what you said that if you using electricity to mine it is legit if you pay for the supplier of electricity in your area or country but if you are not paying and just jump in into other line of electricity to operate your mining site i think that is illegal.

yeah indeed, so bitcoin mining activity is legal right. Could become illegal if you steal electricity and not paying properly. Perhaps our friend above misperceptions about bitcoin mining

Anything that involves stealing is illegal in any way. Its better to pay the electricity you consumed on your mining than to steals neihboors electricity, just think that they would suffer big current bill because of you which is really not good what if it happens to you? you would know the feeling of being cheated by anyone. You might kill them if you knew what they are doing

Strongkored

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Quote from: madwica on July 25, 2016, 08:59:47 PM

In your statement mate i understand what you said that if you using electricity to mine it is legit if you pay for the supplier of electricity in your area or country but if you are not paying and just jump in into other line of electricity to operate your mining site i think that is illegal.

yeah indeed, so bitcoin mining activity is legal right. Could become illegal if you steal electricity and not paying properly. Perhaps our friend above misperceptions about bitcoin mining

Achargeturry78

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Just follow the rules

FOR ME mate every currency in the world is used for illegal activities now in deep web they use bitcoin to buy "drugs" so 100% the answer to your question is a big "YES" but along with all the other currencies out there the reason of this thread is that the transaction of bitcoin is anonymous which hides he transactor from other people

JeffBrad12

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Quote from: ezehy2014 on July 25, 2016, 06:34:20 PM

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 don't think this will get bitcoin banned because there is no currency which is not used for iillegal activities

I know about that, all of the currency is always used by illegal activities but maybe they just making a prevented for that and decreasing a chance for someone to doing the illegal activities.

madwica

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Quote from: Strongkored on July 25, 2016, 06:35:27 PM

Quote from: KingAvalon on July 25, 2016, 03:01:08 PM

Because of the large-scale cost of mining and buying in/out of bitcoin, it's better suited for illegal activity (where people will pay more for a decentralized system) than actual payment.

I slightly failed to focus with your statement. What do you mean exactly? because in my opinion, using electricity to mining it is legitimate, provided you pay it to the power company that serves you. Or I misunderstood here, if so please explain to me. thank you

In your statement mate i understand what you said that if you using electricity to mine it is legit if you pay for the supplier of electricity in your area or country but if you are not paying and just jump in into other line of electricity to operate your mining site i think that is illegal.

Strongkored

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Quote from: KingAvalon on July 25, 2016, 03:01:08 PM

Because of the large-scale cost of mining and buying in/out of bitcoin, it's better suited for illegal activity (where people will pay more for a decentralized system) than actual payment.

I slightly failed to focus with your statement. What do you mean exactly? because in my opinion, using electricity to mining it is legitimate, provided you pay it to the power company that serves you. Or I misunderstood here, if so please explain to me. thank you

ezehy2014

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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 don't think this will get bitcoin banned because there is no currency which is not used for iillegal activities

Doamader

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Quote from: Wowcoin on July 25, 2016, 03:39:29 PM

Many people now they use bitcoin in illegal activies like here in philippines many filipino using bitcoin to scam people for a small amount of monet they get dazzled to scam it. That is the time i started using bitcoin in our country they called it online paluwagan they used bitcoin for there transaction after payment they get activated in there facebook.

Look isnt just filipino people that using bitcoin to scam, scammers has no boards neither countries, always a scammer will come after money, its getting less and less scam project live, as people are giving more value to their bitcoins, and willing to take the risks. Bitcoin as fiat both are used to good and bad things, soo nothing new as i know.

CroIsBest

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Yea bitcoin is using everday for illegal activites by scammers.Bitcoin is anonymously so it is very hard to catch person which scammed somebody because that person dont need to give any private informations to currency wallet.

Wowcoin

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Many people now they use bitcoin in illegal activies like here in philippines many filipino using bitcoin to scam people for a small amount of monet they get dazzled to scam it. That is the time i started using bitcoin in our country they called it online paluwagan they used bitcoin for there transaction after payment they get activated in there facebook.

KingAvalon

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Because of the large-scale cost of mining and buying in/out of bitcoin, it's better suited for illegal activity (where people will pay more for a decentralized system) than actual payment.

PemburuReceh

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Illegal activity with bitcoin isn’t desirable, but it’s unavoidable and it’s a helpful barometer of how successful crypto is.

0day

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Hire me for your campaign management.

Quote from: HatakeKakashi on July 23, 2016, 11:27:07 AM

Gambling itself is illegal. Scamming is illegal. Selling accounts and trust is illegal. Selling phone number or bank account is illegal. Selling drugs is illegal. Selling contact numbers is illegal. All these can be done anonymously with BTC. Hence, this answers that

These all things can easily be done on other payment processors also, there are a lot of people who create fake payment processor accounts (unverified and in some special cases verified also) and with that they send payment for these things.

dragonballz1

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Bitcoin is used for more legal things than criminal activities in general. In every group you will find some bad apples and it is these people giving Bitcoin a bad reputation. The criminal activities just attract a lot more attention than the good things that are done with it, because sensationalism sells more papers and draw more visitors to websites. Just be part of the group of people who use Bitcoin for the legal things.

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