Is USD being used for illegal activities? - page 6.

twicezeroiszero

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Quote from: Sled on November 23, 2017, 06:12:15 AM

Quote from: CuriousGeorge on November 23, 2017, 05:58:23 AM

Quote from: Canoppo99 on November 23, 2017, 01:56:18 AM

Quote from: ?? on ??

I believe bitcoin transaction capabilities are virtually undetectable could make individuals use it fr things that are negative, such as the illegal dealings had been usually buy drugs such as medicines. Nicely, I once read an article that reported the bitcoin once used to it.o

Bitcoin transaction are transparent, you can see where the money from/go in any wallet, although there is no users identity that appear but the law enforcement can trace it although only with a litle effort.

Sounds right, the bitcoin's nature is pseudo-anonymous. It's NOT undetectable and can be easily traced through blockchain explorer, heck, I wonder why people still misunderstand about this one.l
Just if the government trying to catch someone else who seem to be a criminal and using bitcoin at the same time, they just need to know the address were used by the criminals and all the transaction can be revealed easily.

I agree to that but there is still difficulties in tracking down the criminal if ever they know the address that the criminals have. If ever they will know the address then it will still be hard for them to fully track down the criminals because the location of the users of bitcoin cannot be determined by just having the bitcoin address and using the blockchain network.

Exactly, you are right. The source address and ip used to make transaction in Bitcoin can not track through blockchain a simple.
However, it does not mean the police can not do that.
So hard = possible, that is the reason there are have some services for mixing Bitcoin transactions.

swordling143

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Quote from: awesome31312 on September 18, 2016, 05:18:13 AM

I see more and more articles of the USD being used for illegal activities, such as funding of terrorists and unconstitutional, illegal wars, funding of wars that cause severe infringement of civil liberties like the war on drugs, among other things. I am pretty sure that when goons smash into convenience stores and steal stuff, then the money they probably steal is USD, which makes it criminal currency. Also, I am pretty sure that the baseball bats that majority of the goons have bought were paid for by the USD.

Also, most people collect rain water, drink raw milk, and throw cannabis seeds in soil, all three acts which are considered serious illegal felonies punishable by seriously expensive fines and extensive jail time, possibly life in prison.

Some people also walk, drive, fish, or hunt without a permit that can easily be bought for in USD.

Will this hurt USD in the long run? Will governments ban this just like they started to do with paying in cash for some services to harden the use of illegal activities, and money laundering?

I think so. I mean this is nothing unusual. For a criminal of course anything can be used. I bet they will utilize everthing just so they can succeed on what ever bad plans they have in mind. Such as those scam loaning services, they give you free money and then ask for you to invest on them and later on they just runaway with your money.

youngagethinker

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Quote from: diezorocket on November 14, 2017, 11:38:30 PM

given how long it has been used yea
and it is controlled by corrupt "officials"
so yea on a daily basis

True, it's is being used everyday, and if you don't notice that, you are missing a lot of important information about how this society is working. When you read in some deep web pages and some articles that tackles controversy and some govenment stuff, the dollars is being used in such activities that is stepping the rights every individual. Remember
The project that Snowden exposed, the military power that is killing millions of people. We still have much more to learn under the table but they are not letting us do that. The fiat has been used in dirty works much more than we ever know. And we are so small enough to prevent them from using it.

Sled

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Quote from: CuriousGeorge on November 23, 2017, 05:58:23 AM

Quote from: Canoppo99 on November 23, 2017, 01:56:18 AM

Quote from: ?? on ??

I believe bitcoin transaction capabilities are virtually undetectable could make individuals use it fr things that are negative, such as the illegal dealings had been usually buy drugs such as medicines. Nicely, I once read an article that reported the bitcoin once used to it.o

Bitcoin transaction are transparent, you can see where the money from/go in any wallet, although there is no users identity that appear but the law enforcement can trace it although only with a litle effort.

Sounds right, the bitcoin's nature is pseudo-anonymous. It's NOT undetectable and can be easily traced through blockchain explorer, heck, I wonder why people still misunderstand about this one.l
Just if the government trying to catch someone else who seem to be a criminal and using bitcoin at the same time, they just need to know the address were used by the criminals and all the transaction can be revealed easily.

I agree to that but there is still difficulties in tracking down the criminal if ever they know the address that the criminals have. If ever they will know the address then it will still be hard for them to fully track down the criminals because the location of the users of bitcoin cannot be determined by just having the bitcoin address and using the blockchain network.

CuriousGeorge

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Quote from: Canoppo99 on November 23, 2017, 01:56:18 AM

Quote from: ?? on ??

I believe bitcoin transaction capabilities are virtually undetectable could make individuals use it fr things that are negative, such as the illegal dealings had been usually buy drugs such as medicines. Nicely, I once read an article that reported the bitcoin once used to it.o

Bitcoin transaction are transparent, you can see where the money from/go in any wallet, although there is no users identity that appear but the law enforcement can trace it although only with a litle effort.

Sounds right, the bitcoin's nature is pseudo-anonymous. It's NOT undetectable and can be easily traced through blockchain explorer, heck, I wonder why people still misunderstand about this one.l
Just if the government trying to catch someone else who seem to be a criminal and using bitcoin at the same time, they just need to know the address were used by the criminals and all the transaction can be revealed easily.

crustez00

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The usage of some currencies is absolutely free. and in my opinion, they used USD because of its range of price. not too high, and not too low. Beside that, maybe there's some involvement between that bad side of its circulation of USD with the country? i don't know what is true, but in my opinion that usage of USD currencies is hard to prevent from bad thing

trako

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dollar is a currency used all over the world. everything is moving in dollars. it is important that american currency. There is a politics that prepares an environment for illegal work. The most important is the war. Thanks to war a lot of illegal works too much. arms smuggling. drug. human trafficking. he is using it in illegal works as a dollar.

chickenado

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Quote from: awesome31312 on September 18, 2016, 05:18:13 AM

I see more and more articles of the USD being used for illegal activities, such as funding of terrorists and unconstitutional, illegal wars, funding of wars that cause severe infringement of civil liberties like the war on drugs, among other things. I am pretty sure that when goons smash into convenience stores and steal stuff, then the money they probably steal is USD, which makes it criminal currency. Also, I am pretty sure that the baseball bats that majority of the goons have bought were paid for by the USD.

Also, most people collect rain water, drink raw milk, and throw cannabis seeds in soil, all three acts which are considered serious illegal felonies punishable by seriously expensive fines and extensive jail time, possibly life in prison.

Some people also walk, drive, fish, or hunt without a permit that can easily be bought for in USD.

Will this hurt USD in the long run? Will governments ban this just like they started to do with paying in cash for some services to harden the use of illegal activities, and money laundering?

USD were widely used in the whole world thats why it is very prone in using for illegal activities or transactions but every currency can be used in illegal works such as illegal drugs,human traffecking,corruptions.terrorism etc..Even cryptocurrencies cannot escape this kind od doings and government cant control this kind of matter for digital currencies were not that traceable.

Canoppo99

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Quote from: ?? on ??

I believe bitcoin transaction capabilities are virtually undetectable could make individuals use it fr things that are negative, such as the illegal dealings had been usually buy drugs such as medicines. Nicely, I once read an article that reported the bitcoin once used to it.o

Bitcoin transaction are transparent, you can see where the money from/go in any wallet, although there is no users identity that appear but the law enforcement can trace it although only with a litle effort.

wuvdoll

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Quote from: ?? on ??

As other forex or fiat cash are also utilized by terrorist or for every other iligal activities everywhere all over the world , bitcoin or other altcoin may also use for unlawful activities.Even i believe individuals will begin their own altcoin for illegal activities...just thinking

Only if they want to keep the altcoin hidden from the public anyway and except unregulated exchanges will only be trading them on exchanges, I really do not see how creating their coin for the dark world would work, but anything can happen. However, it is a normal thing for these guys who live their days illegally and they will always look for every ways to perform their trade. Moreover, USD being the most important currency for world trade has been the most popular one anyway for across the border payments so what stops them from making use of cryptocurrency when that was still easy for them.

carodupuis

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Quote from: LogitechMouse on November 10, 2017, 09:37:10 AM

It is and will always be. Any currency has been used to buy goods and to buy services and at the same time, use for illegal activities. It will not be removed as when we want a certain thing, we will buy it using money including USD. All currency has been used to illegal activities like buying drugs, paying certain persons etc. and now bitcoin has been used too in illegal activities but we can't do anything with it.

The thing is we can expect anything to happen in this real world. It is because of the reason that there are number of people who are involved in illegal activities. There are likely chances of this thing to happen because dollar is the most famous real world currency. There are chances that the ones dealing such kind of illegal activities may pay in the form of dollar. There is no fault of bitcoin in that.

Smarty14392

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Quote from: ?? on ??

All currency are using in illegal federal government are utilizing any kind of forex whenever they are united states dollar is the most powerful cash on this earth that can be used in all country united states dollar also use to blackmarkets

That makes sense. It is not only with dollar or bitcoin, for every currency in this world is being used in terrorist activities, human trafficking and other such unlawful actions. Like you said, it is really not strange. Every currency even it is Euro or pound or another, there are people found that are using them in unethical actions. Even bitcoin is used in corruption and such actions too.

LuffyD.Monkey

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Quote from: katarin2030 on November 10, 2017, 08:58:02 AM

All possibilities are there, as we have witnessed recent terror attack in USA, USD might be using illegally.

This is strange first of all I really got sad because of the bitcoin use so badly by the terrorist and the other reason is why almost all the people are having the bitcoin and they can use it as they want to use but for me the bitcoin is very important and it is the increase of the power but we cannot say that the bitcoin is being use as the legal of the illegal currency it Is up to the user so the currency does not has the fault

larrylegend33

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American Dollar is the most popular currency in the whole world. That's why you would think something like this. I actually think that you can do all illegal activities with any other currencies too. Specially BTC nowadays.

ajochems

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Quote from: ?? on ??

Yes ,money is always use within unlawful activities,not only only ud but all the currency all over the world can be used in illegal activities especially in crimes,like eliminating individuals.

Everything is possible in order this world. Are you asking simple currency will be used for illegal activities. It's very easy. Since it's a one of the using FIAT, it is easier to used for doing illegal activities. Not only US Dollars, but also a bitcoin .I think this also possible.

Solmir

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I think than illegal activities can be sponsored by many ways. Usd, euro or btc. Who cares, the problem in the other direction.

spinach98

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Yes USD is being use for illegal activities because if you have USD you can buy wherever you are because it is a money that is accepted by all countries,Also alot of terrorist that supplies firearms are using USD also in drugs USD is the money that they are using,Then in robbery,Kidnap for ransom and theif,This money is consider as a criminal money.

Casey7

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I think maybe usd being used for illegal actibities cause its popular currency in the world. Just like world currency. Anyone accept it. Make it popular for illegal activity.

trobin

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100% it is being used for illegal activities, just like every country in the world is, bitcoin is not unique in the sense that it is being used for illegal activities.

slashz9

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I think it is quite difficult to do for example when some people want to buy a luxury house is not possible everybody should bring hundreds of thousands or millions of dollars.
crime will be more prevalent because people know that some services have to use cash money. it is just my response.

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