Is bitcoin being used for illegal activities - page 67.

CryptoBjorn

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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 do think that Bitcoin is being used for illegal activities because of the fact that Bitcoin can be used while being anonymous.
Criminals are making use if this but there are also users that do not take part in these illegal activties.

chickenmie

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Quote from: Coin_trader on July 19, 2016, 04:07:52 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

bitcoin can be use in some illegal activities? yeah, but even the fiat currency can be use too.

but fiat don't have anonymity features and bank not encourage illegal activities

shinscarlet

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just heared some stores in deepweb selling drugs and only accepting bitcoin,maybe it's being used for illegal activities but another currency being used too

Sir Reginald

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Is bitcoin being used for illegal activities

- Really? Does the sun rise in the east? Does the bear shit in the woods?

Sniper44

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Quote from: ASHLIUSZ on July 19, 2016, 05:22:26 AM

Quote from: emberbekas on July 19, 2016, 04:48:13 AM

Sure, why not? just like fiat, bitcoin can also be used for activities that are illegal. And may in the future bitcoin will become a new trend in the world of crime, such as drug trafficking, money laundering etc.

Through bitcoin you can transfer Bitcoins tax-free, which has prompted a surge in users choosing Bitcoins to pay for illegal goods. i think in future it will be reduced and people use it for good things.

people used bitcoin for illegal activities like buying drugs because it is anonymous not because it is tax-free. and although we all know bitcoin is not 100% anonymous but it gets the job done for those who want to buy an illegal good.

pir yasir

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just like other currencies it can also be used for illegal activities and that is not such an amazing thing.

rescue1122

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i have no idea about this but may be yes because other currencies are used for such kind of activities.

tarzantall

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i dont think that bitcoin will be ever use for illelgal activities. becuse bitcoin is not yet so much mature.

ASHLIUSZ

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Quote from: emberbekas on July 19, 2016, 04:48:13 AM

Sure, why not? just like fiat, bitcoin can also be used for activities that are illegal. And may in the future bitcoin will become a new trend in the world of crime, such as drug trafficking, money laundering etc.

Through bitcoin you can transfer Bitcoins tax-free, which has prompted a surge in users choosing Bitcoins to pay for illegal goods. i think in future it will be reduced and people use it for good things.

Menerever

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Quote from: topbit123 on July 19, 2016, 02:24:18 AM

no i dont think so that bitcoin can be ever use for illegal activities.

I think you are new to some financial related activities. Bitcoin is money so how it can escape for those person who wants to use this for illegal activities?

All things that has value even that is a physical one is being used for any kind of activities and that will include those illegal ones.

emberbekas

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Sure, why not? just like fiat, bitcoin can also be used for activities that are illegal. And may in the future bitcoin will become a new trend in the world of crime, such as drug trafficking, money laundering etc.

1Referee

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Quote from: topbit123 on July 19, 2016, 02:24:18 AM

no i dont think so that bitcoin can be ever use for illegal activities.

Bitcoin is like fiat money is, also being used for doing illegal stuff. It's someting we can't deny, and it will always happen. Criminals take every opportunity to scam, sell drugs, weapons, or whatever else for something with value. In this case we're talking about Bitcoin, but it can also be precious metals that they use as currency tool for their illegal activities. Basically everything with value can be used for that.

Coin_trader

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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

bitcoin can be use in some illegal activities? yeah, but even the fiat currency can be use too.

Farma

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Quote from: topbit123 on July 19, 2016, 02:24:18 AM

no i dont think so that bitcoin can be ever use for illegal activities.

I think you're wrong, I think most of bitcoin growing because it is used for illegal activities. bitcoin used as an illegal transaction because bitcoin has advantages that the transaction difficult or can not be tracked. so very many people who use it for illegal transactions on the black market as deep web sites

CoinBreader

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illegal activitys it was always on the drill since like forever! bitcoin knife has two edges anon transactions BUT they can track down a transcation using a quantum supercomputer , so if they get the head if they want the can take down & the rest of his "team"
maybe bitcoin was made by NSA for this purpose...

BitcoinSupremo

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Quote from: topbit123 on July 19, 2016, 02:24:18 AM

no i dont think so that bitcoin can be ever use for illegal activities.

Ever heard of the deep web ? There most of the people who access it are douche bags and has no moral at all but they have one thing in common there which is they rely on using bitcoin to do their shady transactions like buying drugs, illegal goods, counterfeit money and even the worst of the worst child prostitution. I would think again before posting a statement like the one above which is not correct at all. Illegal activities were happening before bitcoin too so its not bitcoin fault but bitcoin is a good tool for the deep web. If you don't know what deep web is , just google it.

topbit123

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no i dont think so that bitcoin can be ever use for illegal activities.

escrowboy

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Quote from: JeffBrad12 on July 17, 2016, 08:07:20 PM

Quote from: CryptoBjorn on July 17, 2016, 02:34:30 PM

Quote from: langedwig on July 17, 2016, 01:29:48 PM

Quote from: PsursV on July 17, 2016, 12:00:11 PM

Quote from: CryingMidget on July 17, 2016, 09:44:33 AM

Quote from: wintermeasures on July 17, 2016, 09:42:35 AM

It can be used for illegal activities because Bitcoin is like a real money and it can be misused in many ways... And it can also be stored as a black money which is also illegal...

Ofcourse it is used by illegal activities. But I think it is normal to use Bitcoin for illegal activities. Nobody can control you and cant see what you bought.
But I think that must stop soon. Banks dont like it either and the government too. But I dont care.

every one is talking about this. but still no one has yet any proof about this. but if it is true so it is not so strange because illegal activities will be practice in all kinds of currencies. then why are we only talking about bitcoin.

When people is willing to do something bad, they will be willing to use all the available resources to do it. Unfortunately there are lots of detractors that have emphasized the use of bitcoins for illegal activities, but most of these crimes can also be carried out using fiat or metals with no problem.

People using bitcoin for illegal things is not bitcoin's fault. Bitcoin is just a currency. It's the thief/criminal who is at fault.

That is the main point but a lot of media is never consider about that. and some community just thought with raw uncooked without understanding about that before. and it isn't a fair.

Well media is controlled by government and government doesn't want bitcoin to be known and get popular because it will destroy their system, so you should expect that media put bad propaganda in bitcoin so that they can deceive people and make them believe in it.

blackmachinegun

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Quote from: trickshot22 on July 18, 2016, 04:34:01 PM

Quote from: satdas on July 18, 2016, 02:55:32 PM

i have no such an idea but may be used as the other currencies are used for illegal activities.

thats true, all the currencies seem to be used for doing illegal activities and we cannot do too much about it, in my opinion we should just ignore all the people who keep on telling that bitcoin is used only for bad things

yeah I think every country has a mafia or criminals surely they would use the eye that they consider valuable course they will use their own local currency. if they knew about bitcoin course they will use bitcoin. I think the fact that every country has a villain. so each currency certainly be used for illegal activities

trickshot22

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Quote from: satdas on July 18, 2016, 02:55:32 PM

i have no such an idea but may be used as the other currencies are used for illegal activities.

thats true, all the currencies seem to be used for doing illegal activities and we cannot do too much about it, in my opinion we should just ignore all the people who keep on telling that bitcoin is used only for bad things

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