Is bitcoin being used for illegal activities - page 79.

escrowboy

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Quote from: purebitco on June 27, 2016, 07:43:41 AM

Quote from: escrowboy on June 27, 2016, 06:01:42 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

Yes, it is the reason why bitcoin develop so fast last 2010. It's time where people knew that using bitcoin for their illegal activities will make them safe because of it's anonymity.

though its not such a bad thing in my opinion because people do crimes with fiat also

Well, I don't know. It's depends for me. There are illegal activities that doesn't need to be illegal at all like selling marijuanas.

2legit2

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Personally, I also believe that it is being used for some of the illegal activities. First of all, some countries consider online gambling as an illegal activity, so that's where BTC comes to place.

However I don't think that the government does really care about the cryptocurrency being in use, that's why they don't really focus their time on it and doesn't "hunt" for people that gamble etc people.

purebitco

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Quote from: escrowboy on June 27, 2016, 06:01:42 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

Yes, it is the reason why bitcoin develop so fast last 2010. It's time where people knew that using bitcoin for their illegal activities will make them safe because of it's anonymity.

though its not such a bad thing in my opinion because people do crimes with fiat also

darewaller

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Quote from: bitbunnny on June 23, 2016, 04:22:36 AM

Every good thing can also be used for bad things and so can Bitcoin. Like the fiat money, Bitcoin is also used for money laundering, buying drugs and weapons, child pornography. I think that you all have heard for Silk Road and similar markets where Bitcoin is used for illegal stuff.

All these things are not because of bitcoin, its because people want to do these wrong activities. I have seen numerous cases where dollars were being used in illegal things like buying drugs, etc.

DoublerHunter

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Quote from: ?? on ??

Well IMO Bitcoin is being used for illegal activities. It is used in the darknet to buy drugs, illegal guns, and illegal services. It is also used there to hire some hitman.

Yeah you are right many bad people are using bitcoin to just buy that things and buy some people that will work for them like hiring people to kill their enemies or other people. I think they are getting advantage of the feature of bitcoin that we called being anonymous but i believe and hoping that bitcoin is being used in good things (legal) rather bad things (illegal) Grin

.

escrowboy

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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 the reason why bitcoin develop so fast last 2010. It's time where people knew that using bitcoin for their illegal activities will make them safe because of it's anonymity.

purebitco

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Quote from: ?? on ??

Well IMO Bitcoin is being used for illegal activities. It is used in the darknet to buy drugs, illegal guns, and illegal services. It is also used there to hire some hitman.

well it is used for it but fiat is used for illegal stuff like that too so i doubt its too big of a disadvantage

Nevis

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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

it depends on the illegal activities if he or not.

but he can also be used in other illegal activities. like paying through illegal bitcoin used to make the payment.

Barbut

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Everything and anything can be used for something good or something bad. We choose for what we gonna do, and we choose our own actions.
That is perfect answer, bitcoin is used for illegal activities, there is to many evil people in this world, they use little kids for evil activities. Bottom line is bitcoin is bitcoin, from us depends how we will gona use it.

akosimakulit

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It does not matter that if bitcoin being used for illegal activities but what does matter is bitcoin is used in every activity no matter it is a legal activity or an illegal activity. So usage of bitcoins everywhere which matters most. Cool

Iceborn

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Off course there are allot of people who are interested into the coins and not only rich people who want coins but also thiefs who think making money with bitcoins is just easy they cant be traced also that is the best reason for them to use bitcoins for illegal activities.

Adrorecia

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Off course are bitcoins used by iligal activities and that is not strange because the bitcoin is one of the best payments for criminality to pay with because it cant be traced so yes off course is it be used for illegal activities.

electronicfactura

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Not only Bitcoin but also fiat currency and metal in fact every valuable thing is being used for illegal activities.It is not justice to talk just about Bitcoin.There will always be people using different good things to fulfill there bad activities.Bitcoin has no exception but it can not be blamed for this.

asriloni

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Quote from: redsun114 on June 27, 2016, 02:22:25 AM

Quote from: futurebit640 on June 22, 2016, 02:43:05 AM

Yes, we using bitcoin to gambling. That means it is illegal only right. In many country gambling is illegal so if we used this coins for gaming means it is equal to bitcoin is being used for illicit activities only. Not everyone some people may use it for online shopping, so this is not illegal. But this cryptocurrency is more used for illegal activites.

That is not bitcoin being used for illegal activity. Its the mistake of sites that accept people from countries where gambling is banned. You can not blame sites too as people often use proxy when blocked.

actually blocking people from country which banned gambling is so hard,they just simply turn their vpn and the site lost the chance

redsun114

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Quote from: futurebit640 on June 22, 2016, 02:43:05 AM

Yes, we using bitcoin to gambling. That means it is illegal only right. In many country gambling is illegal so if we used this coins for gaming means it is equal to bitcoin is being used for illicit activities only. Not everyone some people may use it for online shopping, so this is not illegal. But this cryptocurrency is more used for illegal activites.

That is not bitcoin being used for illegal activity. Its the mistake of sites that accept people from countries where gambling is banned. You can not blame sites too as people often use proxy when blocked.

cjmoles

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The truth of the matter is that all good currencies have utility in the dark markets....period. If a currency was not flexible enough to enjoy the diversity of opportunity the market places provide, then it would not be used. The best currency is the currency that is accepted everywhere....

Sierra8561

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Quote from: 2double0 on June 27, 2016, 12:47:15 AM

Many terrorism firms are popping up saying bitcoin is the future, they must be using it then.
And if they are into it, then there is no doubt that bitcoins are being used for illegal activities.

Terrorists use dollars, euros, gbp. They aren't the only ones saying bitcoin is the future. Many groups, organizations, elected officials etc say the same thing.

2double0

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Many terrorism firms are popping up saying bitcoin is the future, they must be using it then.
And if they are into it, then there is no doubt that bitcoins are being used for illegal activities.

hermanhs09

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Quote from: wikenpp on June 26, 2016, 02:31:03 PM

Quote from: MFahad on June 26, 2016, 01:29:52 PM

Quote from: Cyaren on June 24, 2016, 08:50:19 PM

Quote from: neonshium on June 24, 2016, 10:09:29 AM

Quote from: abugseuf on June 22, 2016, 12:17:02 AM

i have no idea about this but i think being currency like other currencies. they may be used for both good and bad activities,

You are right though I think bitcoins are not used much for illegal activities. Bitcoins has made more of positive impact then negative so lets not think about the darker side and enjoy using bitcoins.

No sir sorry to say btc is mainly used for worse things then better things because none of you here can say you have not invested in a company or even rolled a single dice at a casino... Most of those things are illegal in MOST countries.

You know now if you want to stop you can but it is difficult.

Bitcoin can be used for legal and illegal activity and same is the case with US dollars or any other currency. Its the human usage which makes the currency being used for good or bad purpose.

Correct, bitcoin is not some currency which is exclusively used by criminals. Sure the fact that bitcoin is untraceable and makes it perfect criminals vs the amount of criminals whom actively used bitcoin is surprisingly low. The media have been working very hard to make bitcoin be the criminals kind of money but we all now this isn't true.

Yeah it's pretty easy to use USD for the same purpose because that currency is also untraceable so you really need to just fact check on it, BTC is used for illegal activities but that doesnt mean that it's a bad currency to use.

Currencies all around the world are used for illegal activities, what makes bitcoin any different?

wikenpp

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Quote from: MFahad on June 26, 2016, 01:29:52 PM

Quote from: Cyaren on June 24, 2016, 08:50:19 PM

Quote from: neonshium on June 24, 2016, 10:09:29 AM

Quote from: abugseuf on June 22, 2016, 12:17:02 AM

i have no idea about this but i think being currency like other currencies. they may be used for both good and bad activities,

You are right though I think bitcoins are not used much for illegal activities. Bitcoins has made more of positive impact then negative so lets not think about the darker side and enjoy using bitcoins.

No sir sorry to say btc is mainly used for worse things then better things because none of you here can say you have not invested in a company or even rolled a single dice at a casino... Most of those things are illegal in MOST countries.

You know now if you want to stop you can but it is difficult.

Bitcoin can be used for legal and illegal activity and same is the case with US dollars or any other currency. Its the human usage which makes the currency being used for good or bad purpose.

Correct, bitcoin is not some currency which is exclusively used by criminals. Sure the fact that bitcoin is untraceable and makes it perfect criminals vs the amount of criminals whom actively used bitcoin is surprisingly low. The media have been working very hard to make bitcoin be the criminals kind of money but we all now this isn't true.

Topic: Is bitcoin being used for illegal activities - page 79. (Read 139758 times)