Topic: Is bitcoin being used for illegal activities - page 84. (Read 139758 times)
Bitcoin can be used for illegal activities like gambling, scam, and the others. But do you think only bitcoin? Fiat and other online currencies also can be used for illegal activites. Basically bitcoin is same as fiat, it can be used for a good thing or a bad thing depend on the users. Right now many criminals are using bitcoin because bitcoin is half-anonymous, same as deep web and other stuffs to protect your privacy but were abused by criminals. Also remember, governments maybe hate bitcoin but they will not be able to ban bitcoin because it's only online currency, not a paper currency.
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.
Yes, aside from being used in the legal way it can be used in illegal transactions. There is a movie based on a true story pertaining a person who sell drugs in exchange for bitcoins. The same way it happens everyday girls would show their naked bodies for a price of btc. Public officials paying internet individuals to destroy other politicians on social media through bitcoins.
Right now yea definitely. Bitcoin is the dream medium for illegal transactions, it's unregulated and anonymous plus you can send any amount of money to anyone anywhere in the world at no cost. I believe criminal activities account for a nice portion of daily Bitcoin movement.
I do not understand why those guys do not use the Monero. That is a true anonymous coin. Bitcoin is just pseudo anonymous.
Right now yea definitely. Bitcoin is the dream medium for illegal transactions, it's unregulated and anonymous plus you can send any amount of money to anyone anywhere in the world at no cost. I believe criminal activities account for a nice portion of daily Bitcoin movement.
I do not understand why those guys do not use the Monero. That is a true anonymous coin. Bitcoin is just pseudo anonymous.
With Monero they might not be able to move as much money without destabilizing the market. Monero daily volume has ranged between $30,000 to $500,000 so far in 2016. And it has never reached above $1,000,000. Plus Bitcoin is anonymous enough right now since ID verification is not required. You can track the movement of coins but you can't really tie them to an individual or group.
The Monero movement cannot be tracked, where the bitcoin can be. So for the privacy concerned people, they should use Monero.
Right now yea definitely. Bitcoin is the dream medium for illegal transactions, it's unregulated and anonymous plus you can send any amount of money to anyone anywhere in the world at no cost. I believe criminal activities account for a nice portion of daily Bitcoin movement.
I do not understand why those guys do not use the Monero. That is a true anonymous coin. Bitcoin is just pseudo anonymous.
With Monero they might not be able to move as much money without destabilizing the market. Monero daily volume has ranged between $30,000 to $500,000 so far in 2016. And it has never reached above $1,000,000. Plus Bitcoin is anonymous enough right now since ID verification is not required. You can track the movement of coins but you can't really tie them to an individual or group.
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.
yeah actually no prohibition to use bitcoin for anything. including the illegal activity? including illegal Ponzi yeah. but you're free to use any invetsasi including ponzi Right now yea definitely. Bitcoin is the dream medium for illegal transactions, it's unregulated and anonymous plus you can send any amount of money to anyone anywhere in the world at no cost. I believe criminal activities account for a nice portion of daily Bitcoin movement.
I do not understand why those guys do not use the Monero. That is a true anonymous coin. Bitcoin is just pseudo anonymous.
Right now yea definitely. Bitcoin is the dream medium for illegal transactions, it's unregulated and anonymous plus you can send any amount of money to anyone anywhere in the world at no cost. I believe criminal activities account for a nice portion of daily Bitcoin movement.
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
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
lmao . dude do you have an idea about the deepweb or darkweb ? bitcoin is already used for illegal activities or transactions from the darkweb . the reason why it is used for it because they want to keep their anonymity . so much year passed but the government didn't made an act to ban the use of bitcoin but it is not impossible to happen .
Bitcoin is being used by some people i a illegal way but there is nothing we can do so we just have to ignore that. It is not my problem so there is no reason for me to come between that.
i think it might be used for illegal things because bitcoins is anonymous therefore people can avoid problems
Yeah some people make use of the fact that you can be anonymous at Bitcoin. You know that when you implement something like this people will make use of it in a bad way. 
Lots of things are used for illegal activities. It does not mean something should not be used. Words and letters are also used for illegal activities by the way - terrorists are using them to communicate. So we should use them with care, maybe we are potential terrorists?
Yeah there are many things that are used in a bad way so Bitcoin is not the only thing. But to answer your quistion Bitcoin is being used for illegal activities sins the beginning. 
Talk about that spur the growth of Bitcoin illegal financial fraud, are to this day. But we must understand that the universal technology, use it for good or harm - it is solved by people. With Google Maps, you can plan a picnic as well as a bank robbery.
Yeah, everything has a flip side in my opinion. A technology is a technology, and what people choose to do with that technology is entirely up to them. While bitcoin is used for illegal activities, it's not bitcoin's fault.
Your example of google maps is really well done. That's exactly the relationship between illegal activities and bitcoin.
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.
Talk about that spur the growth of Bitcoin illegal financial fraud, are to this day. But we must understand that the universal technology, use it for good or harm - it is solved by people. With Google Maps, you can plan a picnic as well as a bank robbery.
Bitcoin has been used for illegal activities
Ransomware, Darknet markets, bribes.....
Just really like most currency but it has harder problems being tracked even though its all there in the blockchain
Ransomware, Darknet markets, bribes.....
Just really like most currency but it has harder problems being tracked even though its all there in the blockchain
I think their purpose for using it is to buy illegal materials with it, like buying weapons, drugs etc. as it is anonymous to send to anyone so so no one will know that from whom that money has came and who is being using that materials which are purchased with that money.
In most cases they just choose bitcoin because of it's less hassle transaction to send and receive money. Also the anonymous part of transaction are one of the big factor that's why it was considered now as one of their sources.
Exactly due to the anonymous nature bitcoin transaction is more hassle free compared to the transaction to any other form of currency. In reality we can't say that bitcoin alone is used for illegal activities. According to ones convenience each use different currencies.
Bitcoin has been used for illegal activities
Ransomware, Darknet markets, bribes.....
Just really like most currency but it has harder problems being tracked even though its all there in the blockchain
Ransomware, Darknet markets, bribes.....
Just really like most currency but it has harder problems being tracked even though its all there in the blockchain
I think their purpose for using it is to buy illegal materials with it, like buying weapons, drugs etc. as it is anonymous to send to anyone so so no one will know that from whom that money has came and who is being using that materials which are purchased with that money.
In most cases they just choose bitcoin because of it's less hassle transaction to send and receive money. Also the anonymous part of transaction are one of the big factor that's why it was considered now as one of their sources.
Bitcoin has been used for illegal activities
Ransomware, Darknet markets, bribes.....
Just really like most currency but it has harder problems being tracked even though its all there in the blockchain
Ransomware, Darknet markets, bribes.....
Just really like most currency but it has harder problems being tracked even though its all there in the blockchain
I think their purpose for using it is to buy illegal materials with it, like buying weapons, drugs etc. as it is anonymous to send to anyone so so no one will know that from whom that money has came and who is being using that materials which are purchased with that money.
Bitcoin has been used for illegal activities
Ransomware, Darknet markets, bribes.....
Just really like most currency but it has harder problems being tracked even though its all there in the blockchain
Ransomware, Darknet markets, bribes.....
Just really like most currency but it has harder problems being tracked even though its all there in the blockchain
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