Is bitcoin being used for illegal activities - page 83.

zodin

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Quote from: BombayChicken on June 14, 2016, 05:27:09 PM

Yes its used for criminal activities but which currency is not is what people already said and I think they are right.
Every currency is used by criminals so its not a bad thing, there is nothing to do about it!

yes it is a fact that every currency s used for such activities therefore if bitcion is using for such kind of activities i think nothing to do about that. perhaps bitcoin was not present then what will they do. they must used some other kind of currency either digital or flat but they must do that. i think they must be using some other kind of currencies too.

leowonderful

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Well, of course it's being used illegally. With more regulation, we're starting to see less criminal usage of bitcoin, but it still is happening. Think how easy it is to be untrackable: Dump your bitcoin in 3 mixers , wait, send the money, dump it in a few mixers again and you'll have a track that'll take a pretty long time for any investigators. That's anonymity for you, sadly. Of course, we have the average person using bitcoin for everything but illegal activities. It gets a bad rep for the reason of illegality, but there's so many good things Bitcoin is used for, illegal activities isn't very important by itself. You can argue about this, but that's what I think.

CryptoBjorn

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Quote from: hawkins on June 16, 2016, 04:44:43 AM

Quote from: 2legit2 on February 06, 2016, 11:14:02 AM

it is used for illegal activities i think but we actually can not do anything about it to avoid this

bitcoin has a very long used tool for illegal transactions. in fact it was used to buy illegal drugs in the black market, but it could be said that they also make bitcoin prices are so high. but behind it all so many people using bitcoin for good. bitcoin is no different with the dollar, and even dollar is also used for illegal activities

Bitcoin, USD, Fiat all type of currencies are used by Criminals. Like you said those guys got no values and will sell their relatives for some money.
The problem however is the hate the media has against bitcoin, like 100% of the illegal activities done with bitcoin are reported in the media.

While other crimes are published on 'page 10'

hawkins

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Quote from: 2legit2 on February 06, 2016, 11:14:02 AM

it is used for illegal activities i think but we actually can not do anything about it to avoid this

bitcoin has a very long used tool for illegal transactions. in fact it was used to buy illegal drugs in the black market, but it could be said that they also make bitcoin prices are so high. but behind it all so many people using bitcoin for good. bitcoin is no different with the dollar, and even dollar is also used for illegal activities

coinyard

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Quote from: lalala123456 on June 14, 2016, 05:42:00 PM

Sort of a ridiculous question.. Of course it's being used in illegal activities, on a much larger percentage then cash. Everyday that goes by tho, cryptocurrency is being increasingly widely used for legal transactions.

The proportion of illegal usage has decreased a lot, thanks for the law enforcement activities. I hope it will last.

lalala123456

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Sort of a ridiculous question.. Of course it's being used in illegal activities, on a much larger percentage then cash. Everyday that goes by tho, cryptocurrency is being increasingly widely used for legal transactions.

StoreBit

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Quote from: Gubzy on June 14, 2016, 03:52:41 AM

Yeah, because since it is anonymous, you can do whatever you want and pay for whatever you want and remain anonymous.

it will be but i think the other local currency is also use for such activities. so i think it is not such a big issue. because if people are using it for illegal activites similarly other people are using it for good activites.

BombayChicken

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Yes its used for criminal activities but which currency is not is what people already said and I think they are right.
Every currency is used by criminals so its not a bad thing, there is nothing to do about it!

romero121

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Bitcoin is used for illegal activities, at the same the illegal usage is gradually decreasing because most newbies and new adopters are using it as a investment and earning.

carlisle1

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yeah it is already used for illegal activities i think not only on the deepweb or darkweb .
there's a lot of illegal things there that are being selled maybe there's also a illegal selling on the surface web i don't know but it is not impossible .

BlueTemplar

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Does a judge send you to jail?
What a stupid question and thread.

BitcoinSupremo

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Bitcoin is used for illegal activities just like real world currencies like USD, EUR are being used for massive drug transfer deals with the Colombians and anyone doing this risky business. They cannot do it via Bitcoin because sooner or later they need to exchange it to cash so the most perfect payment for them is cash by hand. By saying this, bitcoin is used for illegal activity but never in the same level as the USD or the EUR, you can rest assured for this. So by this comparison, bitcoin is more of a legal usage currency rather than illegal one when we compare volumes in illegal activities in bitcoin and FIAT currencies.

Gubzy

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Yeah, because since it is anonymous, you can do whatever you want and pay for whatever you want and remain anonymous.

hermanhs09

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Quote from: Sponsoredby15 on June 14, 2016, 12:29:08 AM

bruh bitcoin is legal bitcoin has many user bitcoin is currency , currency that can be used i using bitcoin for buying some random staff your paying some goods here in my country bitcoin is legal and now its famous many users using bitcoin to pay bills like electric bills , water bills and many more bitcoin love and in bitcoin we trust

Well, yeah. Bitcoin is a legal currency in most countries except a few. However, because it is mostly anonymous and decentralized, it also means that people use it for illegal stuff like drugs.

But you can buy drugs with any currency, cash, bank transfer, anything. Not just BTC.

Cyaren

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Quote from: keller07 on June 08, 2016, 01:25:49 AM

well, it depends on the person who holding bitcoin if he wants to use it for illegal activities. i think the kind of ponzi schemes is already illegal.

Definitely. Bitcoin is there available for all to access for free, as it is an open P2P technology. What people choose to do with their bitcoins however, is entirely up to them.

However, bitcoin is certainly being used for illegal activities, mostly via the deep web.

Enotche

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Still secret services of different countries to cope with illegal business on the Internet, due to the fact that they can keep track of customer payments to dealers. Since before 2009 did not exist Bitcoin technology that allows you to remain anonymous for security services and keep their money at home on the computer. Because until now the three benefits of digital currency Bitcoin, which took them into service, it is anonymous (pseudo), decentralized, the ability to keep their money in their own computer. That's just why Bitcoin technology is widely used by the underworld and not only.

Sponsoredby15

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bruh bitcoin is legal bitcoin has many user bitcoin is currency , currency that can be used i using bitcoin for buying some random staff your paying some goods here in my country bitcoin is legal and now its famous many users using bitcoin to pay bills like electric bills , water bills and many more bitcoin love and in bitcoin we trust

isen

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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

You can't blame bitcoin for this only the people who use it for buying/selling illegal stuff.
Goverments can't just ban it only make it illegal,but this is not enough to make someone stop using bitcoin if he doesn't want to.

bitcoineverything

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Yes there are. Anyone, regardless of the purpose, can use Bitcoin unless if the government intervenes. Even though there are illegal activities involving bitcoin, it can still be regulated by the government. So we do not really worry much about that.

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Quote from: serjent05 on June 13, 2016, 11:02:58 PM

Yes Bitcoin is beiing used for illegal activities. Even in the early stage of Bitcoin it is being used for illegal activities like buying drugs, underground trades of firearms and prostitution. It was used coz of the anonymity feature of BTC. And according to the history, it was firstly used in this area before the wide range adoption of legal merchants.

Yeah, it's can make a bad name for bitcoin or fall the bitcoin reputation, maybe is better to bitcoin to make an improvisation with their security and it's difficult to make an illegal activity.

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