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Topic: Using Cryptocurrency for Dark Web (Read 488 times)

sr. member
Activity: 1078
Merit: 262
September 26, 2018, 12:51:18 AM
#73
that is the thing that many illegal workers used bitcoin because of being anonymous and easy to used. This issue should look by the government but if they do that there were a huge changes with our transactions because we are not anonymous and people dont like it they prefer being an anonymous one.
full member
Activity: 192
Merit: 101
September 26, 2018, 12:43:58 AM
#72
So far, bitcoin is used for black transactions in the deep web, so it is not new, it often happens that payment transactions with bitcoin for pornographic videos involve minors, drug purchases, terrorist funding, corrupt money laundering and this it has to do with deep web and anonymous is one reason why many countries criticize bitcoin and only certain countries legalize it.
but for us bitcoin is a future financial revolution that can make convenience in every transaction and can provide benefits.
jr. member
Activity: 126
Merit: 1
September 25, 2018, 10:54:34 PM
#71
Perhaps security measures will improve in the near future? If AI is already progressing to keep social media and other online platforms secure, do you think the same technology can be applied to providing more security for crypto? Maybe AI and blockchain can combine forces or something. What do you think?
member
Activity: 952
Merit: 41
September 25, 2018, 04:07:59 AM
#70
The dark web have been the major user of cryptocurrency because since they constantly fight to hide they identity from the general public and the law the only means they can carry out they illegal financial transactions is by using bitcoin and the rest of the other cryptocurrencies and this has really given the blockchain and the cryptocurrency a very bad name and in most time make government to term crypto as illegal.
copper member
Activity: 280
Merit: 1
September 25, 2018, 02:45:55 AM
#69
This isn't something new. When liberty reserve and other similar payment platforms collapsed some time back, most dark web users adopted the use of cryptocurrencies and I know they are still in use as we speak.
member
Activity: 378
Merit: 16
September 25, 2018, 02:36:04 AM
#68
yes, the feature of bitcoin itself is very supportive of all types of payments, whether it's payment for crime
indeed, without identity, we can have Bitcoin and send 100 million USD to someone else's wallet in seconds without having to go through police checks
sr. member
Activity: 812
Merit: 256
September 25, 2018, 02:13:43 AM
#67
Darkweb is part of modern technology, Anonymous digital money, of course it will be favored to use! But can not deny the strengths of Crypto! I always hope it will grow!
newbie
Activity: 12
Merit: 0
September 24, 2018, 11:22:14 PM
#66
Sounds like a plan. I like this idea.  Cool
member
Activity: 311
Merit: 10
September 24, 2018, 11:13:59 PM
#65
Another reason why some people are afraid on investing on it and make them think that cryptocurrencies are illegal because of these issues, they are using it in some crimes which destroys the image of cryptocurrencies. Terrorists might using it too because transactions in the dark web are hard to detect nor to trace.
sr. member
Activity: 756
Merit: 252
September 24, 2018, 11:07:29 PM
#64
Bitcoin was a commonly used mode of payment in the dark web not sure about other Alt-coins usage of the coins depends on the holder there are many threads many on similar topic you can check them out to learn more.
newbie
Activity: 5
Merit: 0
September 24, 2018, 10:52:34 PM
#63
BTC is not the best for the d@rk w3b. A privacy coin would be better. BTC is too easy to track.
sr. member
Activity: 602
Merit: 250
September 24, 2018, 10:47:25 PM
#62
The sad part is yes, cryptocurrency can always use in dark web and the payment would be anonymous right? Since it is decentralized, no one will be able to detect where that wallet was created and who is the owner of that wallet. Unfortunately, there are some bad guys who used cryptocurrency as a medium of payment for anonymous transactions.
there is a huge risk of investing in cryptocurrencies, one of which can be used by anyone anywhere and for whatever the results, so in my opinion, the good and bad progress and the development of cryptocurrencies depend on the investor
full member
Activity: 441
Merit: 100
Bcnex - The Ultimate Blockchain Trading Platform
September 24, 2018, 10:20:44 PM
#61
bitcoin can be used for anything, even for crime, so it depends on the bitcoin holder. bitcoin will explore the dark web, and make illegal anonymous transactions.

the goal of the dark web is to secure transactions, and it will be difficult to detect.
hero member
Activity: 2982
Merit: 678
★Bitvest.io★ Play Plinko or Invest!
September 24, 2018, 10:20:10 PM
#60
Darkweb can be the worst part and it's pulls down bitcoin one side because of its usage.

So still we need be safer in white web to access the wallet or keep the fund safer in your wallet. Mostly darkweb users looking to get the payment for scams and hacks they were doing.

Since they want to be safer without accessing their location this is the best way for them.
I am sure, it is not to worst thing for Bitcoin. Because dark web users can use classical money like Bitcoin at the same time. There is no limit for that.
Yes they are using other crypto's as well that are privacy coins.

I never went to dark web but as for watching videos on youtube about it, they are really using it as main currency and if you know the history of bitcoin, being used their is part of it. But gladly, its now on the main web and being used for commercial purposes though usage there can't be stopped.
jr. member
Activity: 104
Merit: 1
September 24, 2018, 10:16:13 PM
#59
Bitcoin has been used by some criminals to engage in criminal activities such as money laundering and bribery. Bitcoin is the dominant currency of the dark web. In addition to Bitcoin, Litecoin is likely to become the next dominant currency of the dark web, because, from 2016, criminals began to express their dissatisfaction with Bitcoin for its congestion transactions and high transaction fees, and Litecoin can solve these two problems.
jr. member
Activity: 196
Merit: 4
September 24, 2018, 03:11:50 PM
#58
Probably possible? Dude, have you been living under a rock? That was the primary use of Bitcoin a few years ago. Mainstream media used to give a big spin to this - Bitcoin was supposed to be the currency of the dark web and supposedly used only for buying drugs. We have come some distance from that, but dark web uses definitely constitute a significant portion of Bitcoin transactions.

Sorry, I have only joined the crypto world a few months ago and did not know it was created initially to be the currency for the Dark Web. But knowing that now, I think I finally get why there are people who stay away from it, because they associate bitcoins with the Dark Web, which many people knows to be dangerous.
full member
Activity: 546
Merit: 100
September 24, 2018, 03:35:04 AM
#57
Darkweb can be the worst part and it's pulls down bitcoin one side because of its usage.

So still we need be safer in white web to access the wallet or keep the fund safer in your wallet. Mostly darkweb users looking to get the payment for scams and hacks they were doing.

Since they want to be safer without accessing their location this is the best way for them.
I am sure, it is not to worst thing for Bitcoin. Because dark web users can use classical money like Bitcoin at the same time. There is no limit for that.
jr. member
Activity: 154
Merit: 1
September 24, 2018, 03:32:52 AM
#56
It is possible, as it was possible to use any other FIAT. If you use Monero, for example, it is much harder to track you down. Cryptocurrencies are just a tool, how you use it is on you.
Yes, but some people use it for the wrong reasons, and thats why some, governments included have a bad take on bitcoin
hero member
Activity: 1274
Merit: 516
September 24, 2018, 01:28:51 AM
#55
Well bitcoin could be used for good and bad things, and unfortunately all the dark web transaction are using crypto, the most favourite coin to use is bitcoin, bitcoin is the perfect coin to used for anonymous transactions in dark web, if you want to do transaction in dark web you need to have a knowledge to avoid being hacked, so its kind of dangerous to do transaction in darkweb, but its not dangerous to used bitcoin for transaction
full member
Activity: 714
Merit: 114
September 24, 2018, 01:25:51 AM
#54
I guess this is the major downside of crypto –it’s potential use for malicious purposes. Shouldn’t this be reason enough to allow the government to have some form of regulation? We have to have laws and policies protecting users, right?



even fiat money can also be used for any illegal activities , so its not actually the fault of cryptos but it is the fault of people on why they would use an inoscent currency to do their bad doings which can oftenly lead to bad reputation of the said currency itself . its no use even if we say that cryptos are regulated because criminal can still do whatever they wanted to do with their money .

cryptos are firstly discovered before on the darkweb and deepweb and they are used as a medium to buy illegal service and stuff's from that  creepy website . now crypto is generally use all over the web without having a fear to get caught because it is actually legal .
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