Is bitcoin being used for illegal activities - page 69.

ebookscreator

sr. member

Activity: 266

Merit: 250

Quote from: escrowboy on July 17, 2016, 05:49:09 AM

Quote from: clickerz on July 16, 2016, 04:00:21 PM

Quote from: Dux2K on July 16, 2016, 03:04:36 PM

To be honest you can use it for everything and yes for illegal stuff to
Btc cannot be traced to owner so more and more illegal stuff can and will be done like it or not

Like our fiat money, you can buy anything with your cash even illegal stuff also. But of course bitcoin is widely use in darknet mostly for dark transaction

I mean its up to you if you use it for good or bad services or stuff. Its also a medium of exchange.

Agree, and it is because of the reason that bitcoin is anonymous that's why you can see most people use it on their illegal activities(they feel safe using it). This also helps the bitcoin price increase.

Yeah it helps because they invest their money into bitcoin to use in illegal activities that can be bad for bitcoin to other people instead of believing for there security to dont scam by someone you should need a escrow to deal someone unlike paypal that if some scam you can reverse and dispute the payment..

Hide_ip112

full member

Activity: 196

Merit: 100

Quote from: escrowboy on July 17, 2016, 05:49:09 AM

Quote from: clickerz on July 16, 2016, 04:00:21 PM

Quote from: Dux2K on July 16, 2016, 03:04:36 PM

To be honest you can use it for everything and yes for illegal stuff to
Btc cannot be traced to owner so more and more illegal stuff can and will be done like it or not

Like our fiat money, you can buy anything with your cash even illegal stuff also. But of course bitcoin is widely use in darknet mostly for dark transaction

I mean its up to you if you use it for good or bad services or stuff. Its also a medium of exchange.

Agree, and it is because of the reason that bitcoin is anonymous that's why you can see most people use it on their illegal activities(they feel safe using it). This also helps the bitcoin price increase.

Right, I also see a lot of mafia using bitcoin for any illegal transactions done. Because the system gives anonymous bitcoin against all those who use it. But that's not a problem for us, because we use the bitcoin to facilitate any transaction not to use it to illegal activity

escrowboy

full member

Activity: 154

Merit: 100

Quote from: clickerz on July 16, 2016, 04:00:21 PM

Quote from: Dux2K on July 16, 2016, 03:04:36 PM

To be honest you can use it for everything and yes for illegal stuff to
Btc cannot be traced to owner so more and more illegal stuff can and will be done like it or not

Like our fiat money, you can buy anything with your cash even illegal stuff also. But of course bitcoin is widely use in darknet mostly for dark transaction

I mean its up to you if you use it for good or bad services or stuff. Its also a medium of exchange.

Agree, and it is because of the reason that bitcoin is anonymous that's why you can see most people use it on their illegal activities(they feel safe using it). This also helps the bitcoin price increase.

Whosdaddy

hero member

Activity: 1148

Merit: 527

Quote from: Sponsoredby15 on July 17, 2016, 02:33:16 AM

for me and for the good people out there bitcoin being used for legal activities like legit mining for bad people outhere their using bitcoin for illegal activities like create or building ponzi or scheme scam website to scam good people and the cause of doing illegal activity is money also some banks and some goverments don't care about crypto currency

But why banks and governments are caring other currencies which are also involved in all type of scams and ponzi. More over, I do not agree that banks and governments do not care crypro currency. Because, in reality they do care more about crypto-currencies and in particularly blockchain.

I heard many governments has already started to study blockchain technology for the reason of just not to get late into race.

TGD

hero member

Activity: 1288

Merit: 620

Wen Rolex?

Quote from: darklus123 on July 16, 2016, 10:28:51 PM

Quote from: diegz on July 16, 2016, 07:31:53 AM

Quote from: sempak on July 16, 2016, 06:34:34 AM

there are some people who use bitcoin as an illegal act. they transact porn, weapons trafficking, selling drugs and many more acts of criminality. I think this is one of the negative impact of bitcoin. ease of bitcoin is used inappropriately.

Even with fiat all of that activities that you've mention can be accomplished.. It's not just bitcoin that can be used in any purchasing.. The use of bitcoin in illegal activities I think is normal as part of it as a growing currency.. Anyone would really take advantage of features any new thing could offer..

Yeah it is not surprising that it would be use in such way because of as we all know it provides anynomity to its user , you are right that if people uses fiat for illegal terms even if it had already established norms how much more on bitcoin in which there is no law that penalizes you for illegal use of bitcoin right?

Yeah if they dont know that you do illegal using bitcoin, using or using Fiat if they monitored that you get in illegal activity of course you will be jail even you use bitcoin that's not mean your anonymous enough.

Sponsoredby15

sr. member

Activity: 644

Merit: 250

for me and for the good people out there bitcoin being used for legal activities like legit mining for bad people outhere their using bitcoin for illegal activities like create or building ponzi or scheme scam website to scam good people and the cause of doing illegal activity is money also some banks and some goverments don't care about crypto currency

shinratensei_

legendary

Activity: 3276

Merit: 1029

Leading Crypto Sports Betting & Casino Platform

Quote from: rekinthis on July 16, 2016, 04:56:50 PM

Quote from: BitcoinPaw on July 16, 2016, 04:09:21 PM

Sure, every currency is using for illegal activities at my opinion and it's can't be fixed anyway, people earning money in different ways as possible.

yeah, fiat is also really often used for bad things in my opinion, i hope that this willl somehow be permitted in the future but now we cannot do anything about ir i think

Well, all of this is come back to the people intentions, because main actors are human, and then we can't blame everything to eliminated the mistakes. fiat and bitcoin just a tool, but some people is over exaggeration to judge them.

darklus123

hero member

Activity: 1246

Merit: 588

Quote from: diegz on July 16, 2016, 07:31:53 AM

Quote from: sempak on July 16, 2016, 06:34:34 AM

there are some people who use bitcoin as an illegal act. they transact porn, weapons trafficking, selling drugs and many more acts of criminality. I think this is one of the negative impact of bitcoin. ease of bitcoin is used inappropriately.

Even with fiat all of that activities that you've mention can be accomplished.. It's not just bitcoin that can be used in any purchasing.. The use of bitcoin in illegal activities I think is normal as part of it as a growing currency.. Anyone would really take advantage of features any new thing could offer..

Yeah it is not surprising that it would be use in such way because of as we all know it provides anynomity to its user , you are right that if people uses fiat for illegal terms even if it had already established norms how much more on bitcoin in which there is no law that penalizes you for illegal use of bitcoin right?

dotajhay

sr. member

Activity: 420

Merit: 250

Quote from: clickerz on July 16, 2016, 04:00:21 PM

Quote from: Dux2K on July 16, 2016, 03:04:36 PM

To be honest you can use it for everything and yes for illegal stuff to
Btc cannot be traced to owner so more and more illegal stuff can and will be done like it or not

Like our fiat money, you can buy anything with your cash even illegal stuff also. But of course bitcoin is widely use in darknet mostly for dark transaction

I mean its up to you if you use it for good or bad services or stuff. Its also a medium of exchange.

it's they fault if they will lost due to illegal activities, just be play safe don't try illegal activities in bitcoins once as i know FBI will hunt who using bitcoins in deepweb Wink

rekinthis

hero member

Activity: 658

Merit: 500

CryptoTalk.Org - Get Paid for every Post!

Quote from: BitcoinPaw on July 16, 2016, 04:09:21 PM

Sure, every currency is using for illegal activities at my opinion and it's can't be fixed anyway, people earning money in different ways as possible.

yeah, fiat is also really often used for bad things in my opinion, i hope that this willl somehow be permitted in the future but now we cannot do anything about ir i think

lionheart78

legendary

Activity: 2954

Merit: 1153

It is true that bitcoin same as fiat currency are used for illegal activites. There are lots of article online that states that bitcoin is used by people from hit-man to drug dealers.( https://www.bloomberg.com/view/articles/2013-11-18/are-bitcoins-the-criminal-s-best-friend-) This article was way back 2013, but after three years this seems untrraceable transaction had been cracked and now identifiable by the authority (http://www.sciencemag.org/news/2016/03/why-criminals-cant-hide-behind-bitcoin) so basically illegal activities using bitcoin had been reduced which in return attracting more honest people in it's community.

BitcoinPaw

sr. member

Activity: 588

Merit: 250

Sure, every currency is using for illegal activities at my opinion and it's can't be fixed anyway, people earning money in different ways as possible.

clickerz

hero member

Activity: 1414

Merit: 505

Backed.Finance

Quote from: Dux2K on July 16, 2016, 03:04:36 PM

To be honest you can use it for everything and yes for illegal stuff to
Btc cannot be traced to owner so more and more illegal stuff can and will be done like it or not

Like our fiat money, you can buy anything with your cash even illegal stuff also. But of course bitcoin is widely use in darknet mostly for dark transaction

I mean its up to you if you use it for good or bad services or stuff. Its also a medium of exchange.

pearnapple

sr. member

Activity: 504

Merit: 250

CryptoTalk.Org - Get Paid for every Post!

Quote from: YTBitcoin on July 16, 2016, 02:32:51 PM

Quote from: darklus123 on July 16, 2016, 10:48:43 AM

if you do gambling yet you know that online gambling is not allowed or illegal in your country or if you are not in the right age then you do gambling, I would say that Yes bitcoin is being use illegaly

yeah, that is right there are some people who are using bitcoin for that activities, there are a number of countries where gambling is illegal and at there the citizens are unable to deposit through their accounts, so there they use bitcoin.

there are and there always will be people who will use bitcoins in order to buy drugs or commit other crimes, i think it is impossible to do something about it to be honest

Dux2K

legendary

Activity: 1022

Merit: 1000

Blocklancer - Freelance on the Blockchain

Quote from: Cresciuanto on July 16, 2016, 02:46:27 PM

Quote from: YTBitcoin on July 16, 2016, 02:32:51 PM

Quote from: darklus123 on July 16, 2016, 10:48:43 AM

if you do gambling yet you know that online gambling is not allowed or illegal in your country or if you are not in the right age then you do gambling, I would say that Yes bitcoin is being use illegaly

yeah, that is right there are some people who are using bitcoin for that activities, there are a number of countries where gambling is illegal and at there the citizens are unable to deposit through their accounts, so there they use bitcoin.

but i think here the statement mean that if it is use to terrorism or for drug trafficking or for some other illegal activities. so i think not only bitcoin or almost all other currencies will also be use for such kind of activities. so it is not a new thing to be discuss.

To be honest you can use it for everything and yes for illegal stuff to
Btc cannot be traced to owner so more and more illegal stuff can and will be done like it or not

Cresciuanto

sr. member

Activity: 252

Merit: 250

Quote from: YTBitcoin on July 16, 2016, 02:32:51 PM

Quote from: darklus123 on July 16, 2016, 10:48:43 AM

if you do gambling yet you know that online gambling is not allowed or illegal in your country or if you are not in the right age then you do gambling, I would say that Yes bitcoin is being use illegaly

yeah, that is right there are some people who are using bitcoin for that activities, there are a number of countries where gambling is illegal and at there the citizens are unable to deposit through their accounts, so there they use bitcoin.

but i think here the statement mean that if it is use to terrorism or for drug trafficking or for some other illegal activities. so i think not only bitcoin or almost all other currencies will also be use for such kind of activities. so it is not a new thing to be discuss.

YTBitcoin

hero member

Activity: 686

Merit: 500

Quote from: darklus123 on July 16, 2016, 10:48:43 AM

if you do gambling yet you know that online gambling is not allowed or illegal in your country or if you are not in the right age then you do gambling, I would say that Yes bitcoin is being use illegaly

yeah, that is right there are some people who are using bitcoin for that activities, there are a number of countries where gambling is illegal and at there the citizens are unable to deposit through their accounts, so there they use bitcoin.

skyway1

full member

Activity: 224

Merit: 100

i think bitcoin haters want to spread bad news about bitcoin they want to down the value of bitcoin , the fact is that haters of bitcoin are against of bitcoin because they invest their money in other crypto currency and they want increase their crypto currency who invest their money in other crypto currency .

serjent05

legendary

Activity: 3010

Merit: 1280

Get $2100 deposit bonuses & 60 FS

Quote from: kryptqnick on July 16, 2016, 11:14:16 AM

Quote from: xIIImaL on July 16, 2016, 09:32:29 AM

Quote from: rababo on July 16, 2016, 08:56:37 AM

Yeah, I'm sure bitcoin is used for illegal activities because bitcoin is anonymous.
Bad people take advantage from bitcoin anonymity to do illegal transaction, that way their actions will difficult to trace.

Bitcoin is a currency and we all know all currency is can be use to both legal and illegal things or activities online or not.I dont think that the government will ban bitcoin just because it is use to a illegal activity then if they will do that they must ban all crypto and paper currency because both currency is can be use on illegal things.

It can be used for both, sure. The question is that is btc used more for legal or illegal stuff

I agree. Bitcoin can be used in both stuff. Good deeds, legal activities and illegal activities. To know wether it is used more illegally is still unknown because almost all illegal transaction are to be kept hidden while legal activity to good deeds are used openly. So depending on the stats i know it is more widely used legally.

Maesters1-

sr. member

Activity: 252

Merit: 250

Quote from: PokerFace3 on July 16, 2016, 08:14:26 AM

Quote from: sempak on July 16, 2016, 06:34:34 AM

there are some people who use bitcoin as an illegal act. they transact porn, weapons trafficking, selling drugs and many more acts of criminality. I think this is one of the negative impact of bitcoin. ease of bitcoin is used inappropriately.

People can do anything when intentions are bad. When there's a will there's way hahahaha. Criminals can commit crime anyway that is easy. Without any doubt bitcoins are very easy and anonymous for the financial transactions. So, bitcoins are surely used to do illegal activities.

yes that is true. and i am thinking there will be such currency where criminal will not use it. so i think it is not such a strange thing if criminals are using it.

Topic: Is bitcoin being used for illegal activities - page 69. (Read 139748 times)