Bitcoin has been used in illegal activities ever since. And this stuff have a very bad effect in Bitcoins. It gives doubt and make people unfortable using bitcoin. This is also one of the main reason why people have second thought in investing or adopting bitcoin to their stores. People who are unaware what bitcoin is are afraid to be in relation with illegal activities once they use Bitcoin.
gun , drugs or other illegal buyers are not the problem in the bitcoin , the problem is the hackers who can make an virus or software that can steal your bitcoins.
Topic: Is bitcoin being used for illegal activities - page 65. (Read 139758 times)
ANY currency is used by some for illegal activities. It doesn't matter if it's the USD, the EUR, the AUD, or BTC. That has nothing to do with what people are doing with money. However, BTC is harder to track so yes, a lot of people are using it to buy & do illegal stuff.
I hope your statement is wrong, Bitcoin is currency people can use it for any type of activities, even USD can be used for illegal activites like gambling,porn and many other things. It's people wish how they use their money.BTC
Bitcoin has been used in illegal activities ever since. And this stuff have a very bad effect in Bitcoins. It gives doubt and make people unfortable using bitcoin. This is also one of the main reason why people have second thought in investing or adopting bitcoin to their stores. People who are unaware what bitcoin is are afraid to be in relation with illegal activities once they use Bitcoin.
gun , drugs or other illegal buyers are not the problem in the bitcoin , the problem is the hackers who can make an virus or software that can steal your bitcoins.Why wouldnt bitcoin being used for ilegal activities when it offer an almost 100% anonymous transactions? Besides that the fiat has always been used for such transaction something bitcoin can handle the same way as fiat, liking it or not we always have two sides of each currencie.
Bitcoin transactions are not 100% anonymous.
Anyways, as long as any assets have worth it will be used regularly in any kind of activities whether it's legal or not.
Why wouldnt bitcoin being used for ilegal activities when it offer an almost 100% anonymous transactions? Besides that the fiat has always been used for such transaction something bitcoin can handle the same way as fiat, liking it or not we always have two sides of each currencie.
I think this is very much applicable for any form of currency, be it Bitcoin or fiat. I've been able to easily spot out people on the road buying and selling pirated CD's/DVD's and selling counterfit/stolen devices for fiat. I now see the same happening online on the dark net and clear net for Bitcoins. After all, when there's money, there are dirty ways to spend it and earn it.
Anything called currency can be used for both legal and illegal transactions. Even before the introduction of bitcoins, money laundering and drug peddling was existing. So the invention of bitcoins has just come in to enhance the trade. Therefore you cannot blame Bitcoin for these kind of actions.
Totally agree, because it is already there since before the bitcoin appears. Bitcoin appear has a purpose for our difficulty in doing deals in the internet, because there are some people who don't have credit cards because each of them registering denied Bank or they do not want to use a credit card because of the cost given is too large
Anything called currency can be used for both legal and illegal transactions. Even before the introduction of bitcoins, money laundering and drug peddling was existing. So the invention of bitcoins has just come in to enhance the trade. Therefore you cannot blame Bitcoin for these kind of actions.
Yes bitcoin can be used for many illegal activities.Any type of money is used in illegal activity but bitcoin has an advantage over then because no body can who is the sender of the btc.Bank will only know money is coming from bank so no Identity of sender so they can surely use it in illegal activities.
For me, all of the currency or fiat used in illegal activities, most of them using bitcoin. Why? Because bitcoin can send bitcoin anonymously, they can send without any trace, they can send without knowing the person who transact on it. So they always use it in illegal Buying of drugs, illegal buying of guns and other illegals. The bad effect of this, other people thinks if you are user of bitcoin you have illegal activities too. Thats the bad effect of this in our country. My countrymen judge me even if i dont do illegal things.
Bitcoin has been used in illegal activities ever since. And this stuff have a very bad effect in Bitcoins. It gives doubt and make people unfortable using bitcoin. This is also one of the main reason why people have second thought in investing or adopting bitcoin to their stores. People who are unaware what bitcoin is are afraid to be in relation with illegal activities once they use Bitcoin.
gun , drugs or other illegal buyers are not the problem in the bitcoin , the problem is the hackers who can make an virus or software that can steal your bitcoins.
Bitcoin has been used in illegal activities ever since. And this stuff have a very bad effect in Bitcoins. It gives doubt and make people unfortable using bitcoin. This is also one of the main reason why people have second thought in investing or adopting bitcoin to their stores. People who are unaware what bitcoin is are afraid to be in relation with illegal activities once they use Bitcoin.
Bitcoin as a cryptocurrency is the best money transfer that these crooked guys could use. Anonymous, fast and can easily convert to FIAT and can be sent/receive anywhere in the world. Crypto is the way to go, sometimes I wonder why such is being used lesser. I guess there are some countries that will prevent huge cash-out of bitcoin -> FIAT without KYC.
no i dont think so that bitcoin can be ever use for illegal activities.
you are just newbie in to the world of bitcoin as you will slowly learn and know about it well let me tell you, bitcoin is the most used currency in deep web / black markets as due to its in dependency and anonymity but its totally up to people ! I agree that the deep web has some influence on the price in the way of keeping a lot coins off the market as the coins are not circulating in the "above" world. But the influence of the deep web on Bitcoin has decreased dramatically compared to years ago. I was doing some day trading at the moment Silk Road got busted and went offline. The price dropped nearly 50% in a matter of minutes. These scenarios will not happen anymore as legit demand from people around the world out number the demand from the deep web by a good distance.
I know that Bitcoin is being used by some illegal activities but I know that OI am not taking part in those things, I am just doing my own thing.
The people that use it for illegal activities should decide for them selves what they are doing.
The people that use it for illegal activities should decide for them selves what they are doing.
no i dont think so that bitcoin can be ever use for illegal activities.
you are just newbie in to the world of bitcoin as you will slowly learn and know about it well let me tell you, bitcoin is the most used currency in deep web / black markets as due to its in dependency and anonymity but its totally up to people ! This to me does not make bitcoin illegal but rather a very convenient form of transactions with anonymity.
This is slowly changing:
http://www.techworld.com/security/elliptic-uk-bitcoin-startup-plots-future-in-dark-web-forensics-3643784/
We need to appreciate the fact that if something is illegal in one country, it is not a must that it is also illegal in other countries. People have talked of marijuana being legal in some countries but we know it is illegal in most countries. Similar to bitcoin, it might be illegal in some countries but at the same time be legal in others. Therefore, bitcoin was not meant for bad reasons but to make transactions pretty easier. It is only that some people are taking advantage of the decentralized nature of bitcoin to carry out illegal activities. This to me does not make bitcoin illegal but rather a very convenient form of transactions with anonymity.
There are a variety of legal jurisdictions in the world. In many of them, gambling in various forms is legal. In some jurisdictions, recreational or medical marijuana is legal. In some jurisdictions, people are allowed to do what they want with the money they have accumulated. Bitcoin exists, and is used on the internet, internationally.
Thats right, whether something is legal or illegal depends where you do such action. And Bitcoin is neutral in this regard, because you might indeeed gamble, buy drugs or guns with Bitcoin in a jurisdiction where it is completly legal. Obviously using Bitcoin for purchasing illegal things in particular jurisdiction is stupid, as there is good chance you get catched up by the authorities. So better is changing your location and citizenship if your not happy where you live because the laws are too restrictive, like did many poker players and moved their ass out of the states because the internet gambling is restricted there to protect interest of local gambling lobby.
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