Is bitcoin being used for illegal activities - page 8.

South Park

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Quote from: tripplewarz on November 29, 2016, 05:53:26 PM

As long as the state does not stop trying to make Bitcoin controlled and users are not forced to pay taxes, then as long Bitcoin is particularly outlawed in some countries. This is sad.

And the fact that bitcoin cannot be controlled by the state then illegal activities will remain and won't be forced to be gone. Because even in fiat money, it is being controlled and produced by the central banks. Still the government is having hard time to fight against those criminals who are using it for their illegal activities, it is by nature that criminals can do everything just for the sake of their illegal activities.

Governments of the world control fiat, tell me have crimes involved fiat disappeared? No, then the government does not have the power to stop crimes committed with bitcoin, at best they can capture people after the fact, but they have no power to prevent it.

Mastsetad

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Quote from: madwica on November 30, 2016, 06:02:10 AM

For me i think it can be use for illegal activities since bitcoin is free to use by all people and we do not have control to all users that they should only used bitcoin in good and avoid illegal activities

It is a currency that can be used for both good or bad purposes, now it depends on the will of an individual if how they will use it, they use it for illegal things because they know it wont reveal them at all because it is anonymous or they cannot be traced by anyone if they are using this.

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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

in my opinion yes sometimes by irresponsible person .. but still many usefully from bitcoin

madwica

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For me i think it can be use for illegal activities since bitcoin is free to use by all people and we do not have control to all users that they should only used bitcoin in good and avoid illegal activities

marketone

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I think many people are using it wisely not for illegal activities by storing themselves for future needs, and some are for trading. There are some people using bitcoin for illegal activities because here we don't have exact identification where we are transferring and what they are buying with this bitcoin, even transaction fee is also very less. I hope only few people are using it for illegal activities.

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Quote from: Sithara007 on November 30, 2016, 05:36:31 AM

Quote from: tripplewarz on November 29, 2016, 05:53:26 PM

As long as the state does not stop trying to make Bitcoin controlled and users are not forced to pay taxes, then as long Bitcoin is particularly outlawed in some countries. This is sad.

I don't understand your post. You are saying that if Bitcoins are made taxable, then suddenly people will stop using them for illegal activities. How is that going to happen? I don't think that is going to happen.

Yeah it is a bit of a strange post and hard to understand, bitcoins are already taxed in most countries anyway, whether it be when you buy/sell or end of year financial gains tax to pay you have to do it, when paid in bitcoin you just use the same PAYG system as anyone getting paid in fiat would pay.

Taxing illegal activities as they happen is just not possible but some governments do give the drug dealer they convict a tax bill for the missed tax on undeclared income from the drug dealing, strange law that is.
I guess the cops just keep taking bribes off the dealers not to bust them until the tax bill out ways what the dealer will pay in bribes then they bust him and party in his mansion while (searching it)

Most tax is just theft from the people with the way the governments spend it so there is definitely more fiat being used for illegal activities.

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Quote from: tripplewarz on November 29, 2016, 05:53:26 PM

As long as the state does not stop trying to make Bitcoin controlled and users are not forced to pay taxes, then as long Bitcoin is particularly outlawed in some countries. This is sad.

I don't understand your post. You are saying that if Bitcoins are made taxable, then suddenly people will stop using them for illegal activities. How is that going to happen? I don't think that is going to happen.

Liang_Kubur

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Because it is not known of course opportunities for use in case of illegal substances is enormous. as long as there has been no government rules about bitcoin transactions, then the evil of the bitcoin difficult proved, so many the Governments prohibit bitcoin

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Is this a real question? Of course they are mate, but who knows for sure I guess

bitkilo

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Quote from: kwuccduck on November 29, 2016, 06:56:13 PM

The trial of Ross Ulbricht, which began last year in New York, it means a lot not only for his personal fate. 30- year-old Ulbricht accused of creating and administering Silk Road- Silk Road - the online market, which allowed users to buy and sell illegal drugs, using Bitcoinv as currency.

Ross Ulbricht is now serving (and appealing) a double life sentence for all non-violent charges,
based on his alleged role in the Silk Road website/marketplace.

Please help spread the word on the Free Ross-A-Thon event taking place on DECEMBER 4, 2016 • 2–10 pm EST, this even will be livestreamed and anyone interested can sign up here: https://app.webinarjam.net/register/1099/47e83d64ce

Event Goals:
Raise $14,000 to pay off two bills for printing and binding the appeal documents for the court. Shockingly, one is for $13,667.90, the other for $482.45. (The price of pursuing justice in the USA!)
Raise awareness of the case and support for Ross, in both financial and other ways.
Shine a light on the serious impact of this case on our liberty.

Lyn Ulbricht will also be taking part in an AMA at https://forum.bitcoin.com in the next couple of weeks, i will update when i know the exact date.

Regards: BTCitkilo.

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Quote from: tripplewarz on November 29, 2016, 05:53:26 PM

As long as the state does not stop trying to make Bitcoin controlled and users are not forced to pay taxes, then as long Bitcoin is particularly outlawed in some countries. This is sad.

And the fact that bitcoin cannot be controlled by the state then illegal activities will remain and won't be forced to be gone. Because even in fiat money, it is being controlled and produced by the central banks. Still the government is having hard time to fight against those criminals who are using it for their illegal activities, it is by nature that criminals can do everything just for the sake of their illegal activities.

The government method in combating illegal activities are vital, they must go with the root cause of the problem. Now, if they proven that most of the transactions of bitcoin involves illegal activities, they can make a necessary measures to eliminate or if not minimize the problem.

I am afraid in the future, more countries will be banning bitcoin.

kwuccduck

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The trial of Ross Ulbricht, which began last year in New York, it means a lot not only for his personal fate. 30- year-old Ulbricht accused of creating and administering Silk Road- Silk Road - the online market, which allowed users to buy and sell illegal drugs, using Bitcoinv as currency.

tripplewarz

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As long as the state does not stop trying to make Bitcoin controlled and users are not forced to pay taxes, then as long Bitcoin is particularly outlawed in some countries. This is sad.

South Park

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Quote from: Rockerashccix on November 28, 2016, 10:06:46 AM

bitcoin was made to to be safer than most currencies and the reason its so good it because of its security and peer to peer transactions.The statement is almost baseless that bitcoin is used for illegal activities

Anything can be used for illegal activities and that includes bitcoins, fiat, gold etc. And the statement it is not baseless sine there are specialized markets dealing with almost anything that is illegal in the dark web.

Ryan Dugan

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Bitcoin like everything can be used for good or bad. It is up to the individual to choose. Saying bitcoin is bad is like saying cellphones and chatapps are bad because there pedophiles on them. It not the technology its the people who use it.

fiscorcle

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But it can be just like the flip of coin (no pun intended Wink

) with all other currencies.
They as well can be used for illegal activities. It is the means behind the form of payment for those goods and services. That is all it really comes down too.

Vikingr

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Quote from: Cangkeman Wae on November 28, 2016, 09:11:06 PM

Bitcoin use for illegal activities is have great opportunities. Without id or other verifications all peoples can send and receive bitcoin. Illegal activites like money laundring, purchase drugs, weapon, until human trafficking and many more.

yes bitcoin can transferred without any identification but for buying bitcoins nowadays every exchange need verification etc, and the other activities which you mentioned are not easy to conduct but the rules of a country can prevent it to happen.

Rinder

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Bitcoin and fiat were made to help people transactions, i doubt when it were created anyone thinked people would give them bad use, its something the humans does do with all things, they use it then they abuse it. Computers its a powerful tool nowadays, but in the general several people addicted to games. People always does choose what to do with their currencie, bitcoin itself cant control or avoid those bad use.

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Quote from: goldcoinminer on November 25, 2016, 01:41:14 AM

Quote from: Yuuto on November 25, 2016, 12:57:00 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 is used in illegal fields but really it is a part of every currency, not just BTC. For example credit cards are being used for stolen credit cards. Cash is being used to buy drugs off the street or paying for illegal prostitution.

Paypal is used to chargeback scams. Bitcoin is just another currency.

Exactly, it's always the decision of the user on how he is going to spend his bitcoins, if he chooses to use it for illegal activities then it's up to him. We can't control him but he helps to increase the circulation of bitcoin so in general we have to be thankful to these people.

Yes, they are also part of bitcoin ecosystem and they also contribute in bitcoin's circulations but bitcoin is not responsible for their intentions if people are using it for illegal activities, as most of the people are also using it for good purposes, and in fact bitcoin is created for good to facilitate people of the world everywhere.

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Quote from: Cangkeman Wae on November 28, 2016, 09:11:06 PM

Bitcoin use for illegal activities is have great opportunities. Without id or other verifications all peoples can send and receive bitcoin. Illegal activites like money laundring, purchase drugs, weapon, until human trafficking and many more.

It would only benefit them, however it may pose threats to the future of bitcoin. One of the reason bitcoin is ban in some countries due to the risk of the kind of transaction. Somehow, they do help to increase the market circulation but this kind of illegal activities should not be condone.

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