Is bitcoin being used for illegal activities - page 94.

hawkins

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Quote from: jkrules on March 31, 2016, 04:45:23 AM

Quote from: XXX-DR on March 30, 2016, 10:29:24 PM

It's a transfer of value. Of cours it is used for illegal activities.
Not that its negative, it may be positive, because it brings a lot more of users and activity. Then again, it creates a bad image, so I am not totally sure..

Each and every day a huge transaction is taking place through bitcoin for illegal activities.
These doesn't mean bitcoin support it, but the technology gives a way that's it.

Well, bitcoin transactions are very difficult to trace, so very many people who take advantage of this moment to perform illegal transactions which can not even be on track

jkrules

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Quote from: XXX-DR on March 30, 2016, 10:29:24 PM

It's a transfer of value. Of cours it is used for illegal activities.
Not that its negative, it may be positive, because it brings a lot more of users and activity. Then again, it creates a bad image, so I am not totally sure..

Each and every day a huge transaction is taking place through bitcoin for illegal activities.
These doesn't mean bitcoin support it, but the technology gives a way that's it.

Adrorecia

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Yeah people are surely making use of Bitcoin for some illegal activities. They make use of the fact that you can make use of Bitcoin with out being traced. Unless bitcoin ask more personal information people are going to keep doing this.

owm123

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Quote from: Wapinter on March 30, 2016, 07:39:03 PM

Quote from: Palinanv on March 30, 2016, 07:35:14 PM

I didn't realize this was still being talked about. You've got to be joking though because money is money. Wherever financial gain is possible, illegal activity will follow. It's as simple as I can explain it. Why even attempt trying to find out when you could just think of the US dollar being used for money laundering.

Bitcoin is entirely different with any other fiat it is anonymous therefore more prone to be used by criminals in illegal activities.That said there's no reason to give bitcoin a bad name just because of its anonymous nature

Bitcoin is not anonymous (http://www.bitcoinisnotanonymous.com/), it is pseudo-anonymous. Because many ppl think so, it leads press to write all this bs about bitcoin. Whats more, many bitcoiners spread incorrect information about bitcoin beeing anonymous, fulling the debate and use of bitcoin for illegal things.

XXX-DR

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It's a transfer of value. Of cours it is used for illegal activities.
Not that its negative, it may be positive, because it brings a lot more of users and activity. Then again, it creates a bad image, so I am not totally sure..

jkrules

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Quote from: WonderChild on March 30, 2016, 08:18:24 PM

That is a weird statement. If you consider scamming as an illegal activity then BTC can be used for illegal uses. Other than that, there is nothing much left.

Everything that can be used is used for criminal activities. Bitcoin is not the first or the last.

Palinanv

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Quote from: WonderChild on March 30, 2016, 08:18:24 PM

That is a weird statement. If you consider scamming as an illegal activity then BTC can be used for illegal uses. Other than that, there is nothing much left.

Scamming is pretty illegal my friend..

WonderChild

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That is a weird statement. If you consider scamming as an illegal activity then BTC can be used for illegal uses. Other than that, there is nothing much left.

ingiltere

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Quote from: bitbaby on March 09, 2016, 10:18:00 PM

Quote from: ingiltere on March 09, 2016, 07:57:26 PM

Yes of course Bitcoin is used in all kind of activities. You can't limit Bitcoin users to anything.
And no of course governments can't do shit about it. Just tell your local government to suck it up. Wink

They can tighten up the buying/selling part, which is what they're doing in many countries, when you won't be allowed to buy/sell without filling up the KYC forms, the illegal usage will subside to some extent.

Lol, we as regular users don't need any Exchange site to buy/sell Bitcoin. People who use Bitcoin for illegal activities never ever hassle KYC things. People are not stupid. Governments can't stop illegal activities.

Palinanv

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Quote from: Wapinter on March 30, 2016, 07:39:03 PM

Quote from: Palinanv on March 30, 2016, 07:35:14 PM

I didn't realize this was still being talked about. You've got to be joking though because money is money. Wherever financial gain is possible, illegal activity will follow. It's as simple as I can explain it. Why even attempt trying to find out when you could just think of the US dollar being used for money laundering.

Bitcoin is entirely different with any other fiat it is anonymous therefore more prone to be used by criminals in illegal activities.That said there's no reason to give bitcoin a bad name just because of its anonymous nature

I understand where some come from on the whole anonymous standpoint but once you think about it, the US dollar can also be used anonymously. When it comes to PayPal, I've made tons of payments on it without verifying a credit card. As long as the services accept PayPal, I'm good to go.

Wapinter

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Quote from: Palinanv on March 30, 2016, 07:35:14 PM

I didn't realize this was still being talked about. You've got to be joking though because money is money. Wherever financial gain is possible, illegal activity will follow. It's as simple as I can explain it. Why even attempt trying to find out when you could just think of the US dollar being used for money laundering.

Bitcoin is entirely different with any other fiat it is anonymous therefore more prone to be used by criminals in illegal activities.That said there's no reason to give bitcoin a bad name just because of its anonymous nature

Palinanv

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I didn't realize this was still being talked about. You've got to be joking though because money is money. Wherever financial gain is possible, illegal activity will follow. It's as simple as I can explain it. Why even attempt trying to find out when you could just think of the US dollar being used for money laundering.

ronaldinho_07

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Well sure bitcoin may support and keep being traded on the dark markets ,the same way as fiat,and well with bitcoin is possible maybe to make the money clean just by opening some exchange or other bitcoin related project.

bargainbin

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Quote from: landoadog on March 30, 2016, 09:30:38 AM

Every form of money is used for illegal activities so lest not just pin point bitcoin,yes it is used like other money.

Well no, Bitcoin is used far more than others.
If every 10th fiat transaction is used for khrymez, pretty much *every* BTC transaction is used in commission of some sort of a crime.
Which is not to say it's a bad thing. Most BTC crime is b2b (bitcoiner-on-bitcoiner crime), and creates tremendous lel value because hilariously inept and downright idiotic.

For instance, a bitcoin criminal got V& yesterday: http://www.newsbtc.com/2016/03/30/former-silk-road-member-arrested-selling-drugs-dark-web/

Quote from: bargainbin on March 30, 2016, 08:32:04 AM

This has to be a joke. "U.S. Attorney Benjamin Wagner said Tuesday David Ryan Burchard of Merced used the moniker "Caliconnect" and accepted orders for marijuana and cocaine on Silk Road and other dark-web sites, including Agora, Abraxas and AlphaBay."

Punching in "David Ryan Burchard" in Google image search, first two results:

(1) recent public intoxication arrest & (2)

(https://trademarks.justia.com/owners/david-ryan-burchard-2876901/)

Hmm... How did they ever catch this khryminal mastermind?

TL;DR: Kids, make sure *NOT* to trademark your super seekrit DNM nom de guerre under your full, real name.

HarryKPeters

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Quote from: Newcoins2020 on March 30, 2016, 09:34:44 AM

Quote from: poupatudo on March 30, 2016, 09:26:30 AM

No doubt. Some people use bitcoin to receive ilegal money from pc hacking (like Ransomware virus).

It is but I think nobody cares because every currency like in this topic has been said already 100 times that every currency is used by criminals of course.
and Indeed its that all currency's are used by criminals and we cannot do anything about that if I'm honest,
every currency is used by them so accept it !

Nobody cares about it indeed because the fact is that every currency is used by them but keep in mind the bitcoin is very attractable if you compare it with other currency's because you can make it untraceable.
The other reason why they are using it because it can not be frozen by banks or something and you can easily use black money with it and launder it so that makes it attractable for them, every currency is used by them but the bitcoin makes it pretty easy for them.

Newcoins2020

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Quote from: poupatudo on March 30, 2016, 09:26:30 AM

No doubt. Some people use bitcoin to receive ilegal money from pc hacking (like Ransomware virus).

It is but I think nobody cares because every currency like in this topic has been said already 100 times that every currency is used by criminals of course.
and Indeed its that all currency's are used by criminals and we cannot do anything about that if I'm honest,
every currency is used by them so accept it !

landoadog

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Every form of money is used for illegal activities so lest not just pin point bitcoin,yes it is used like other money.

poupatudo

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No doubt. Some people use bitcoin to receive ilegal money from pc hacking (like Ransomware virus).

arbitrage

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Silk Road opened doors for bitcoin, and adoption was started.
We cannot talk negatively about things that surrounding bitcoin, bitcoin has no master, they are first adopters after all. Money itself can be used and is used for good and for bad things. Bitcoin is money.

CryingMidget

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Quote from: ronaldinho_07 on March 29, 2016, 07:38:53 PM

One thing is sure the silk road opened the doors to the media to attack bitcoin,after that they didnt stop,but what is happening is more people and more investments at bitcoin soo sure its being used for good things as to bad things,in the end bitcoin is growing in numbers and value.

Yeah I agree with you, People around us doesn't know about bitcoin well, May be it was used for illegal activites If incase government undertakes bitcoin as global currency means these kind of things will get abolish.

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