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Topic: Is owning bitcoin a crime? - page 24. (Read 2025 times)

member
Activity: 350
Merit: 10
Semi-Decentralized Exchange
March 31, 2018, 09:03:14 AM
#36
Owning a bitcoin is not a crime and likely it cannot do anything that people might hurt. Bitcoin is a job a huge hope for unemployed and even employed people who took a looked for an investment as an income for today and for the future. Even though bitcoin is not yet stable bit it is an advantages for the sake of others who really in need. So it means people is very useful.
legendary
Activity: 2240
Merit: 1069
March 31, 2018, 08:57:09 AM
#35
There are countries who declared bitcoin illegal. There are some who wants to regulate bitcoin and have laws concerning it. There are countries who consider bitcoin legal. Now, what country do you belong? If it is not illegal in your country, then it you can hold all the bitcoins you want without any concern.
full member
Activity: 322
Merit: 141
March 31, 2018, 08:55:12 AM
#34
Your question should actually be - is it moral?
Even holding a gun is considered legal if you have a license, however, I would highly doubt considering it moral unless you were a hunter... some people even doubt that, but I think we will never get to the bottom of what should really be considered moral and what should not...

Some things are fairly easy though.

Bitcoin is considered legal, and furthermore, I would say it should also be considered highly moral. Blockchain and Bitcoin were developed because their creator (or creators) was very dissatisfied with the way the current financial systems work. Primary emission of money is controlled by private bankers, distribution is very inefficient and institutions like Wall Street, S&P, Moody's or Fitch have enough power to control the financial system in such way that they can even create and end financial crisis (deliberately or not). If you are all for a system that has a purpose of making a financial system fairer, I would say you are on a more moral side of the things.....
hero member
Activity: 2646
Merit: 686
March 31, 2018, 08:51:13 AM
#33
Possesses bitcoin as well as holding a gun  Huh Smiley Huh
http://bitcoinnews.com/cryptocurrencies-gun-crime-canada/

Hell no this stupid media people won't let us the community have peace and it's absurd to the the length they'll slip to. This all is done at the behest of white collar bankers who're running scared as bitcoins is biting into their commission and I'm proud owner of whatever bitcoins I have. Do not fall for this fud ignore them
hero member
Activity: 1330
Merit: 569
March 31, 2018, 08:45:03 AM
#32
Possesses bitcoin as well as holding a gun  Huh Smiley Huh
http://bitcoinnews.com/cryptocurrencies-gun-crime-canada/

To say holding bitcoin is illegal is same way to say everyone who owns gun in the US is doing so illegally but that is not it. In the contest of the law, it's what its being used for that makes it illegal or legal. It is then safe to say that the end use of bitcoin just like any form of currency would decide whether its legal or illegal. For someone who hold bitcoin and donate to charity, that wouldn't be a crime at all but based on the article that emphasis is laid only on the negative sides of holding bitcoin, we can conclude that its purely illegal and anyone caught should be made to face the full force of the law.
member
Activity: 252
Merit: 10
March 31, 2018, 08:41:40 AM
#31
We can not consider owning a bitcoin as a crime since the government of our country doesn't prohibits it nor put it as an illegal. Also there is no crime motive of owning a bitcoin, it has no bad effect to everyone.
newbie
Activity: 84
Merit: 0
March 31, 2018, 08:38:32 AM
#30
Is holding a money a crime? Since I can buy gun too with it!!!!
Duh, this topic made my blood burn a little today, if you hold bitcoin in a country that ban it then it is a crime, oppositely on countries who allowed it, it does become crime when you use it to crime but if you use it to help and earn then its only logical purpose.
member
Activity: 154
Merit: 11
March 31, 2018, 08:34:05 AM
#29
depends on the country you reside in. some government consider any bitcoin-related activity as illegal, so it is a crime and many people are now in jail because they've been caught mining or trading and now they are charged of what they call "money laundering". some consider it as legal and even pushes people to use bitcoin, but some countries still have no say about bitcoin.
newbie
Activity: 82
Merit: 0
March 31, 2018, 08:29:24 AM
#28
It's not owning a bitcoin that makes it a crime, it's how one use it. Although there's no denying that it could use in a crime, it's still depend on a person's conscience and self moral to make those decisions.
full member
Activity: 224
Merit: 100
March 31, 2018, 07:56:41 AM
#27
Possesses bitcoin as well as holding a gun  Huh Smiley Huh
http://bitcoinnews.com/cryptocurrencies-gun-crime-canada/
Possessing bitcoin is not a crime unless you uses it to commit crimes and doing any bad things that could make it illegal.If you use it for your own or other goods and you uses it in good way, theres nothing to worry about.
hero member
Activity: 3080
Merit: 603
March 30, 2018, 06:12:21 AM
#26
The title is misleading of this thread and as well as the title of the article. I agree with what eternalgloom said that the article doesn't says anything about that having a bitcoin is a crime. The article is tackling about the illegal use of bitcoin and taking down the biggest dark market which is silk road. And by reading the last words in the article it says that both bitcoin and dollar should be accountable and treated as the same with these illegal trades.
legendary
Activity: 1792
Merit: 1283
March 30, 2018, 05:57:19 AM
#25
The article doesn't even state that owning Bitcoin is a crime, it just mentions that it's used often for criminal activity on the internet.
This isn't even newsworthy, everything that's mentioned in the article is stuff that has been written down before in other articles. Not exactly new stuff..

They will probably use this to impose tighter regulations though.
sr. member
Activity: 556
Merit: 250
March 30, 2018, 05:52:01 AM
#24
Possesses bitcoin as well as holding a gun  Huh Smiley Huh
http://bitcoinnews.com/cryptocurrencies-gun-crime-canada/


I believe no because holding a bitcoin is like holding money as well and it is what we could use to buy our daily necessities. Having it depends on how we responsibly handle it. The way we spend and use it matters to our living. It is not a crime to hold bitcoin but it is actually a blessing.
hero member
Activity: 1470
Merit: 655
March 30, 2018, 05:50:42 AM
#23
No

/thread

the correct answer actually depends on where you live!
for instance there are 2 maybe 3 countries out of 40+ countries that have actually banned bitcoin. countries such as Bangladesh and if you live in these countries owning bitcoin is in fact a crime. but the rest of the world it is not!
member
Activity: 266
Merit: 10
March 30, 2018, 05:49:24 AM
#22
Of course, there are not those who buy bitcoin do not carry illegal actions and can safely buy and sell without any punishments
member
Activity: 266
Merit: 10
March 30, 2018, 05:43:55 AM
#21
bitcoin is not a crime. how money can be a crime. you write your questions more correctly
newbie
Activity: 164
Merit: 0
March 30, 2018, 05:42:02 AM
#20
Owning a bitcoin is not a crime.Owning a bitcoin is a miracle specially to us poor people,miracle because it can changes some aspects of our life the way of living in terms of financial status,social life and we can't deny that in terms of relationship status with relatives also.I wish I have a bitcoin in my wallet now.
hero member
Activity: 2604
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March 30, 2018, 05:38:59 AM
#19
I don't think that owning bitcoin is a crime but maybe in a country that doesn't allow bitcoin, it will be a crime. but I don't see that if we own bitcoin, we can break any law. and if you are afraid to own bitcoin then you can sell your bitcoin and get the money and get out from bitcoin without any plan to come back in bitcoin world again.
sr. member
Activity: 406
Merit: 254
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March 30, 2018, 05:38:44 AM
#18
Possesses bitcoin as well as holding a gun  Huh Smiley Huh
http://bitcoinnews.com/cryptocurrencies-gun-crime-canada/
It depends on the person who hold it and the country that he lived in. We have perception about the bitcoin curremcy some may said that it use for crimes such as gambling, on tge other side that it's their hope to build their better future, that it helps them to provide their neccesities. For me owning a bitcoin is not a crime like what i said earlier it depends on a person who holds it. Yes, maybe other country considered it as a crime cause bitcoin is uncontrollable which a single person can't stop it. For me i would just support bitcoin, cause I can get more benefits with it.
newbie
Activity: 58
Merit: 0
March 30, 2018, 05:38:07 AM
#17
It depend on the country. For example, in Russia owning bitcoin is not a crime, but if you try to pay in bitcoins this is a serious crime. If you change BTC for fiat and do not pay taxes - this is a crime.
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