Is bitcoin being used for illegal activities - page 70.

crairezx20

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Quote from: Caladonian on July 16, 2016, 10:51:41 AM

Quote from: Jimbola3 on July 16, 2016, 10:38:25 AM

Quote from: dotajhay on July 16, 2016, 07:43:01 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.

illegal act is not only in bitcoins , some others using paypal or western union for porn transactions it depends to people if they use it in bad things but they don't need to ban bitcoin because of illegal activities Wink

exactly Criminals can use any form of money to conduct the illegal works. Why give emphasis on Bitcoins only !!!
There are always pros and cons of the same thing. Bitcoins are very convenient for the normal people and the same for the
criminals.

that's whole point there bitcoin is a currency if we ordinary people can use it w/out problem i think most of criminals are doing it as well
so no need to point it up just think of it as a normal currency that everyone can use and take advantage of the service.

Yeah i think its a normal think because if this is not a bitcoin or you are using other payment like perfect money or skrill i there is still illegal activity they are still transfering money without notice that they are using their money for illegal way.. so its normal.

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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

Caladonian

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Quote from: Jimbola3 on July 16, 2016, 10:38:25 AM

Quote from: dotajhay on July 16, 2016, 07:43:01 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.

illegal act is not only in bitcoins , some others using paypal or western union for porn transactions it depends to people if they use it in bad things but they don't need to ban bitcoin because of illegal activities Wink

exactly Criminals can use any form of money to conduct the illegal works. Why give emphasis on Bitcoins only !!!
There are always pros and cons of the same thing. Bitcoins are very convenient for the normal people and the same for the
criminals.

that's whole point there bitcoin is a currency if we ordinary people can use it w/out problem i think most of criminals are doing it as well
so no need to point it up just think of it as a normal currency that everyone can use and take advantage of the service.

darklus123

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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

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Quote from: dotajhay on July 16, 2016, 07:43:01 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.

illegal act is not only in bitcoins , some others using paypal or western union for porn transactions it depends to people if they use it in bad things but they don't need to ban bitcoin because of illegal activities Wink

exactly Criminals can use any form of money to conduct the illegal works. Why give emphasis on Bitcoins only !!!
There are always pros and cons of the same thing. Bitcoins are very convenient for the normal people and the same for the
criminals.

xIIImaL

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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.

rababo

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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.

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Quote from: goinmerry on July 16, 2016, 07:46:58 AM

It can be seen here. Gambling threads, gambling websites. I dont think there is a permit for that. They just open it and make an advertisement that they are open. Then people will come to gamble. That is illegal right?

Illegal or legally constituted authorities of each country. So something that has never been discussed or have yet to get permission from the local government it is considered illegal, since they did not register their activities, services, or products to the Government. So gambling is indeed open but every country has its own authority.

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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.

i dont think that it will be so. because it is not an easy job to do smuggling using bitcoin. because they can easy transfer the money in local currency and there is no restruction of money transaction. then why should the do so.

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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.

Because Bitcoin is a rather new and exciting thing and also because of its pseudo anonymous qualities it will naturally attract the attention of people with shady intentions. Criminals may find this a great way for moving funds fast and your name will not be attached to the transaction that aside I am sure there’s a huge amount of criminal masterminds who will use Bitcoin without trace.

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Quote from: goinmerry on July 16, 2016, 07:46:58 AM

It can be seen here. Gambling threads, gambling websites. I dont think there is a permit for that. They just open it and make an advertisement that they are open. Then people will come to gamble. That is illegal right?

Depends on the jurisdiction. In theory you should need a licence, ESP if the service is being offered via platform. But with the case of some of these smart contracts, the code would be the house, and I think it would be hard to sue the code. If the code never cashes out the funds, it never realized capital gains, and subsequently has no tax liability. Now that I've typed it out, I guess you are right; essentially offering gambling without a license is illegal. But enforcement in some cases would be almost impossible. Also, while this should be highly illegal, the government is being really cavalier about this at the moment for some reason.

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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.

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It can be seen here. Gambling threads, gambling websites. I dont think there is a permit for that. They just open it and make an advertisement that they are open. Then people will come to gamble. That is illegal right?

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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.

illegal act is not only in bitcoins , some others using paypal or western union for porn transactions it depends to people if they use it in bad things but they don't need to ban bitcoin because of illegal activities Wink

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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..

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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.

hase0278

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Bitcoin is being used for many illegal activities man because of the anonymity it offer to it's user. One place where they use bitcoin for illegal activities is the dark net. As I type this reply here now, They use bitcoin there for buying illegal goods and services. Well there's other places where they use bitcoin for illegal activities not just in dark net. There are many illegal activities done using bitcoin as a payment method some are just hidden so that they won't get caught.

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Quote from: Zadicar on July 16, 2016, 04:08:14 AM

Quote from: shashank5119 on July 16, 2016, 03:59:23 AM

Quote from: Fatanut on July 16, 2016, 03:47:22 AM

Without any doubt, bitcoin is used for illegal activities. There's no reason why not. Any currency can be used for illegal activities, be it dollars, euro, etc. As long as it's money, you have no idea where it came from. The penny that you're holding right now might be from a drug dealer, serial killer, etc.

In the dark net, bitcoin is widely used because of the anonymity privileges it has. They can transfer it to their bank accounts without having any trace that the bitcoin they have was acquired by doing illegal stuffs.

Yes right bitcoin gives advantage for those who want to use it for illegal activity because of its anonymity no one can trace who is sending the money to you bank will show money coming from exchange only.Not the third person name or identity or address.

I totally agree that Bitcoin is widely used on illegal activities since it can't be traced on any ways. Criminals use the advantage of it and that's reality we can't stop it.

hackers using bitcoins in illegal activities and they steal any bitcoins that they get victim so be careful what site you enter or don't just enter your wallet password to any site.

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Quote from: shashank5119 on July 16, 2016, 03:59:23 AM

Quote from: Fatanut on July 16, 2016, 03:47:22 AM

Without any doubt, bitcoin is used for illegal activities. There's no reason why not. Any currency can be used for illegal activities, be it dollars, euro, etc. As long as it's money, you have no idea where it came from. The penny that you're holding right now might be from a drug dealer, serial killer, etc.

In the dark net, bitcoin is widely used because of the anonymity privileges it has. They can transfer it to their bank accounts without having any trace that the bitcoin they have was acquired by doing illegal stuffs.

Yes right bitcoin gives advantage for those who want to use it for illegal activity because of its anonymity no one can trace who is sending the money to you bank will show money coming from exchange only.Not the third person name or identity or address.

I totally agree that Bitcoin is widely used on illegal activities since it can't be traced on any ways. Criminals use the advantage of it and that's reality we can't stop it.

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Quote from: Fatanut on July 16, 2016, 03:47:22 AM

Without any doubt, bitcoin is used for illegal activities. There's no reason why not. Any currency can be used for illegal activities, be it dollars, euro, etc. As long as it's money, you have no idea where it came from. The penny that you're holding right now might be from a drug dealer, serial killer, etc.

In the dark net, bitcoin is widely used because of the anonymity privileges it has. They can transfer it to their bank accounts without having any trace that the bitcoin they have was acquired by doing illegal stuffs.

Yes right bitcoin gives advantage for those who want to use it for illegal activity because of its anonymity no one can trace who is sending the money to you bank will show money coming from exchange only.Not the third person name or identity or address.

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