Is bitcoin being used for illegal activities - page 77.

serjent05

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Quote from: praprata on June 29, 2016, 04:18:35 AM

I am not sure about this but I think that it is being used for illegal activities but I do not pay any attention to that because I am here for my self.
That people are here for illegal stuff that is there problem and they should decide what to do.

What you are thinking is true, BITCOIN is being used for illegal activities. Ever since, it was used as payment for drugs, smuggled guns, money laundering, pornography, even child pornography. The feature of BITCOIN greatly attracts those groups that are operating underworld. It's fast trasaction that don't need mediators, and the anonymity of it were exploited by this so called group.

praprata

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I am not sure about this but I think that it is being used for illegal activities but I do not pay any attention to that because I am here for my self.
That people are here for illegal stuff that is there problem and they should decide what to do.

HilbillyFred

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off course is bitcoin being used for illegal activities the only most reason why they are using it is becasue you will stay anonymous after you
pay with bitcoins you know and criminals want to be anonymous so they are happy to pay with bitcoins think most of the users are doing illegal things.

Enotche

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In the first place there are questions of illegal transactions, tax evasion, money laundering, proceeds of crime. In fact, using the means of payment without necessarily identifying the members of the operation, these operations easier to perform. Also on hand to criminals irreversibility of committed transactions and block any transaction, even if we know exactly what this purse belongs to the criminal.
Legislative ban on transactions with cryptocurrency help here, too, can not, unfortunately. Law-abiding citizens and work permit with cryptocurrency will not break the law.

chineseprancing

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Yes i think bitcoin is used at illegal things too. Like buying drugs , Guns ,or illegal things on the black market. Bitcoin can be used at good things too like donating to a charity anonymously

avikz

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Everything has two sides, one is positive and another one is negative. But we need to see that where is the majority.

I think majority of bitcoin users are using it in a legal way and just a handful of them are using it for illegal transactions. However, this does not decrease the importance of bitcoin. Bitcoin is a life changing innovation and one should use bitcoin to make their dreams come true. Criminals will be there but does it really bothers you?

blackmachinegun

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Quote from: ?? on ??

Bitcoin is used for illegal activities but so are many other currencies, I do not see how this could effect the Bitcoin price.

Lol of course it does not give a bad effect on bitcoin. whoever will not know that you're going to perform illegal transactions such as buying drugs using bitcoin? although the transaction transaparance but people will not know the purpose of your bitcoin transaction so not bad effect for this illegal activity?

abugseuf

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Quote from: MTBTT on June 28, 2016, 04:19:43 PM

Quote from: ?? on ??

Bitcoin is used for illegal activities but so are many other currencies, I do not see how this could effect the Bitcoin price.

Lol I think the illegal activity will not give adverse effects to the price of bitcoin. something bitcoin transaction will be highly confidential. so maybe everyone does not know which of illegal transactions?

i think in this world every flat or electronic currencies must be used for illegal activities. then why are we talking only about bitcoin. is the reason is that some people want to devalue it.

MTBTT

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Quote from: ?? on ??

Bitcoin is used for illegal activities but so are many other currencies, I do not see how this could effect the Bitcoin price.

Lol I think the illegal activity will not give adverse effects to the price of bitcoin. something bitcoin transaction will be highly confidential. so maybe everyone does not know which of illegal transactions?

qebtrix

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bitcoin was used for illegal stuff and it will always be used for that i think

Kevin77

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Quote from: PokerFace3 on June 28, 2016, 07:28:20 AM

Quote from: aso118 on June 25, 2016, 11:30:51 PM

Quote from: hermanhs09 on June 25, 2016, 03:19:54 PM

Quote from: Bitcotalk on June 25, 2016, 07:42:55 AM

yes you are right, it is the problem with people that how they use bitcoin, bitcoin is only a currency and with that good people do good activities while those people who have black mind do wrongs with that.

Black mind? That sounds a little racist lol im not sure that's what you meant or anything but BTC is used for illegal activities and the best we can do to stop it is just to stay away from it ourselves and make sure our friends dont do it.

You have to look at the bright side of btc sometimes and the brightside is we're making bank off of something online.

If black mind is racist, so is black market or black sheep.
Bitcoin being used for illegal activities does no harm to it, except in the minds of people who don't realize it is just a tool.
Technology enables good guys as well as bad guys.

Saying some peole they have blace mind isnt racist. And indeed black mind people does the bad thing. It is on you how you use
bitoins. But people also uses it for converting black money into white and off course money laundering !

Nothing is considered racist as long as nobody mentions the word 'racist' and unfortunately, somebody did mention racist because he's probably a little oversensitive with words.Bitcoin isn't bad. It's the users who are influencing the reputation of bitcoins and it's true that bitcoins are usually used for illegal activities in the deep web.

vero

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Quote from: Iceborn on June 28, 2016, 09:56:24 AM

Off course are bitcoins used for illegal activities because it is one of the most used things for criminals becasue the bitcoins cant be traced.
So they like to pay others with this bitcoins i also think that allot of terrorists are using payments with bitcoins.

did you've a proof with of your sayings about it, as I know bitcoin most widely used for gambling like in Europe and America. do you know what exchange they are using?

ning_chang

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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

yes it is possible bitcoin and maybe he used the illegal activities. kase bitcoin is like money. payment can be used to purchase drugs or buying illegal. but that just depending on the person. if he used bitcoin ing illegal activities. but

GreenBits

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This is a duh question, but it leads to a better one; what isn't being used as a form of illegal value store/transfer? Of course fiat and btc are being used to launder/move value for illegal transactions. I'm pretty sure there are even some using gold and silver. But did you remember washing detergent?

How Tide Detergent Became a Drug Currency -- New York Magazine
http://nymag.com/news/features/tide-detergent-drugs-2013-1/

chaser15

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Quote from: Iceborn on June 28, 2016, 09:56:24 AM

Off course are bitcoins used for illegal activities because it is one of the most used things for criminals becasue the bitcoins cant be traced.
So they like to pay others with this bitcoins i also think that allot of terrorists are using payments with bitcoins.

I don't believed in "most used". It was just an option but it's not commonly used.

Still fiat and other physical is commonly used because it's to access compare to bitcoin when dealing in physical transactions.

Iceborn

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Off course are bitcoins used for illegal activities because it is one of the most used things for criminals becasue the bitcoins cant be traced.
So they like to pay others with this bitcoins i also think that allot of terrorists are using payments with bitcoins.

yhansky

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Yes definitely , bitcoin was already been used in illegal activities on the darknet and dark market places.
Beacuse bitcoin is anynomous it can be used in crime or drugs..

LuckGone100

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Always Unlucky :P

no man why bitcoin should be illegal.. bitcoin not illegal people just use it as a illegal way.. and yeah u will use it good or bad way.. depend on user.. thnx

hermanhs09

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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 with paying in cash for some services
to harden the use of illegal , and money laundering

People already do that with traditional money, and if we used the space money they used in south park, then we would probably be doing that as well. When I say "we" then I mean mankind as whole/species. As long as there is a means to achieve desired goals, that means will be exploited and milked to the max. If in 100 years the entire planet is using TimeUnits, then again another person in the timeunittalk forum will ask "Is TimeUnit being used for illegal activities". Hopefully by that time the mindset of our species is a bit more educated overall so the answer can be a simple "no". Grin

PokerFace3

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Quote from: aso118 on June 25, 2016, 11:30:51 PM

Quote from: hermanhs09 on June 25, 2016, 03:19:54 PM

Quote from: Bitcotalk on June 25, 2016, 07:42:55 AM

yes you are right, it is the problem with people that how they use bitcoin, bitcoin is only a currency and with that good people do good activities while those people who have black mind do wrongs with that.

Black mind? That sounds a little racist lol im not sure that's what you meant or anything but BTC is used for illegal activities and the best we can do to stop it is just to stay away from it ourselves and make sure our friends dont do it.

You have to look at the bright side of btc sometimes and the brightside is we're making bank off of something online.

If black mind is racist, so is black market or black sheep.
Bitcoin being used for illegal activities does no harm to it, except in the minds of people who don't realize it is just a tool.
Technology enables good guys as well as bad guys.

Saying some peole they have blace mind isnt racist. And indeed black mind people does the bad thing. It is on you how you use
bitoins. But people also uses it for converting black money into white and off course money laundering !

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