Topic: Is it easier to buy drugs, guns, and child pornography with Bitcoin than USD? - page 2. (Read 1170 times)

You are a economic student right? I feel this is something study related. So when you say Bitcoin is cheaper than dollars what do you mean, cause normally we value it in dollars. Of course you can value it in other currencies. Look there a very small % of people who do stupid things like this and give Bitcoins a bad name. This is then blown out of proportion by the paid media, drugs were brought earlier to, and now just cause you can buy with Bitcoin doesn't make a difference. Plus Bitcoin can be purchased for anything and everything only condition is there should be a seller.

As per the Global Drugs Survey 2017, 60% of the global drug purchases are made from the deep web (don't know how reliable these stats are). But that doesn't mean that Bitcoin is used for 60% of the drug purchases. Lately, crypto-coins such as Monero has displaced Bitcoin a the preferred currency of trade in the dark markets.

I don't Know because The convert amount of Bitcoin is 120k.. when You Convert that Into Dollars its 2448$ .. Big Money when you spend on Evil doings

It is impossible to know the exact amount that is moving in either currency but it is a sure thing that using the USD dollar for all of those things is easier than to use bitcoin for the simple reason that the USD dollar is accepted almost anywhere while many people don’t know what bitcoin is.

Well bitcoin has been used in the silk road in the first place, so it a yes for me. They won't use BTC in the Deepweb if it is not more convenient than dollars. Because you can send BTC without revealing so much information then it is much easier than dollars. Fiat money is hard to deliver form country to country because theres so much indentification before you can send money abroad especially large amounts, that's why BTC have been used or being used in the illegal transactions.

On my opinion Bitcoin is much higher to buy that kind of illegal things than US dollar but if we say that bitcoins is much usable in terms of buying in underground transactions that is more transacting in the web called DerpWeb or Darkweb networks. It was easy for them to buy because of anonymous identities on both partues hiding from the blockchain technology.

I don't really think that bitcoin is in relation in to drugs.. they are not connected bitcoin was made only for trading purposes that we are not expected that the price of this digital coin can increase the value..  they are just use bitcoin to buy those illegal things online due to anonymity they can transact  the money without tracing unlike you are sendng your local money to another that it needs your real info before you can send the money.

Well, if Bitcoin is the currency of the Internet, then it would appear that drugs, guns, and child pornography have been tightly linked with the Internet's purchasing power parity, whereby more of these illicit materials can be bought with BTC than USD (BTC has more value than USD in relation to drugs?). I can understand drugs and guns, but I don't see how a person trying to create his or her own independent government would need child pornography.

I've been looking at this as how a person might be creating a self-autonomous government with various funds and resources while considering purchasing power parity. I assume the BTC purchasing power has been in it's ability to be somewhat anonymous (if you mined for it and/or cover tracks).

I saw the Big Mac index aspect. With a particular currency you can either buy more or less Big Macs with that particular kind of currency. It just seemed like there was some kind of pattern related to drugs and illegal material that I wanted to understand. I guess there was an "easiness" factor in relation to getting materials that I found odd. When you're using the money of the Internet, "Bitcoin," it just gets easier to get certain things. I took a look at some Silk Road prices, and it appears that it was just cheaper to buy stuff on Silk Road than "the street." It appeared that was very much so if a person was using Bitcoin rather than USD, thus the process of shorting USD and using BTC created financial incentive for reduced prices.

PPP does not relate to Bitcoin in the sense that it becomes easier to buy things using one medium or another. It's referring to the ability to buy things (purchase) based on the amount of work put in, something much, much different than the question you're putting forward. Are you sure you learned about PPP in the correct manner? Look up the big mac index if you want to get a better idea of how it all works.

No, Bitcoin does not have a stronger purchasing power for illicit material.

I think yeah it can be easily that usd .. if you are buying online.. because making a bitcoin wallet don't need a lot of information name and email i think is enough to make a online wallet and desktop wallet for pc or laptop..
And buying bitcoins to someone don't required a lot of identity..  unlike if you have money in usd like on paypal that restricted to use it in blackmarket.
But if you are thinking about drugs to deliver in your country it will hardly to ship it to your country.. because all of them are illegal..

That's untrue, it's easier when the transaction goes on in the dark web  or remotely but physically I think the US dollar is often used to perpetuate these activities than any other currency.

It's almost double the price of the dealers down the street (not that i would know...)  Some believe it is safer than going out in the real world and dealing with shady people.  TOR with a VPN and pretty secure, but getting packages has never been.  It's a numbers game, the more you order, the higher chance of getting caught.  Although there are ways around the package problems, they just take time and money.

I wasn't sure if I should throw this in the economics sub-board. I mean well, it's just that I'm trying to understand more about Bitcoin and its future.

Of something I've studied today is called "purchasing power parity." I also studied some stuff about exchange rates.

Although I could not find someone saying it's true, am I right to understand that it's stupid easy to get a hold of drugs once you buy (or, otherwise said, are in possession of) Bitcoin, as if people just start advertising drugs to you once Bitcoin is in your possession?

I guess that's to say that Bitcoin has a lot of buying power when it comes to drugs relative to the US Dollar. So, it's "cheaper"/easier to buy drugs with Bitcoin than the US Dollar?