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Author Topic: Buying Drugs with Bitcoin ?  (Read 87235 times)
splat44
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October 27, 2017, 09:38:40 PM
 #1701

i think they use one of a privacy coin which is useful for illegal gamblers, drug dealers or something bad in the community, government can't track down their I.P address. they change VPN time to time and make money in the deepweb. so if they want to sell something they will use this coin and trade it to bitcoin. that's why bitcoin has a bad reputation in terms of transactions. therefore people might think bitcoin is not valuable at all.
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October 28, 2017, 12:55:37 PM
 #1702


bitcoin is used in many crimes, including drug sales
Yes, but that's also true for literally every fiat currency. So it's a pretty much irrelevant point to even think about.
Hmm, have you heard about the deepweb? Its like the black market in the physical world, where many stolen goods, firearms and even drugs are being sold here. Since the government ca not track every transaction they made, because besides using VPN and stuffs, masking yourself is also a must. So the anonymity of every person here is absolute, I mean do you want to be recognize in that kind of place?
The anonymity is not absolute. That's why several Darknet Markets were raided and closed, with many people getting arrested.

And yes, I do want to recognize that kind of place for as long as the government refuses to respect the freedoms of citizens.

If people want to do drugs, let them. If they were legally accessible we'd have more tax revenue and there would be no drug crimes.

And we wouldn't waste current tax money on prosecuting people who want to put random substances into their own bodies. But that's a whole different topic.

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October 28, 2017, 03:55:04 PM
 #1703

There is no need of black mailing bitcoin. I think from inception people purchase drugs and other illegal items with fiat currency before bitcoin come into existence. It is not bitcoin that is increasing the rate of illegal drugs business.

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October 28, 2017, 03:57:46 PM
 #1704

There is no need of black mailing bitcoin. I think from inception people purchase drugs and other illegal items with fiat currency before bitcoin come into existence. It is not bitcoin that is increasing the rate of illegal drugs business.

I guess in a way, it's the same thing as the gun control argument: Guns don't kill people. People kill people.

Bitcoin doesn't proliferate drug dealing. Drug dealers/users proliferate drug dealing.

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October 28, 2017, 03:58:06 PM
 #1705

There is no need of black mailing bitcoin. I think from inception people purchase drugs and other illegal items with fiat currency before bitcoin come into existence. It is not bitcoin that is increasing the rate of illegal drugs business.
Exactly. The use is increasing because there are people who want to use them, simple as that. And where there's a demand, there will be a supply, no matter what the circumstances are.

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October 28, 2017, 03:59:11 PM
 #1706

There is no need of black mailing bitcoin. I think from inception people purchase drugs and other illegal items with fiat currency before bitcoin come into existence. It is not bitcoin that is increasing the rate of illegal drugs business.

I guess in a way, it's the same thing as the gun control argument: Guns don't kill people. People kill people.

Bitcoin doesn't proliferate drug dealing. Drug dealers/users proliferate drug dealing.
That's true, but I don't think guns are in the same boat because you can't really use drugs to kill anyone. Meanwhile, if really deadly weapons are easily accessible things like Vegas will happen much easier and more frequently.

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October 28, 2017, 04:04:28 PM
 #1707

I think a lot of people are buying and selling illegal drugs using bitcoin as their payment, especially in the world of deepweb and darkweb, because it is very difficult to track so it is very profitable for the perpetrators of the crime. and myself have never done it before

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October 28, 2017, 07:20:14 PM
 #1708

I think a lot of people are buying and selling illegal drugs using bitcoin as their payment, especially in the world of deepweb and darkweb, because it is very difficult to track so it is very profitable for the perpetrators of the crime. and myself have never done it before
It's not difficult to track Bitcoin payments. Especially when the user is reckless.

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October 29, 2017, 10:08:42 AM
 #1709

Bitcoin can be used for any purpose, its a bad conection to drugs that some companies as well countries tryed to enforce bitcoin were only used for those dark business, the silk road were a big damage to bitcoin reputation, but the issues that bitcoin had fiat has since the begining, bitcoin has a problem that can be traced.
we do believe that bitcoin already been considered as a currency so what do we expect where criminals also got knowledge about this system and they
will use every resources that they have in  order to deal with their illegal deeds so we should accept that fact from the beginning.

Yes, I agree with you, that criminals will gonna maximize everything that they can use for them not to be caught by the cops, and so criminals has the idea of bitcoin features that can keep their identity hidden on making transactions with other people. This is why people prefer to buy drugs and other illegal things with bitcoins , rather than local fiat.


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humanvelocity
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October 29, 2017, 10:51:48 AM
 #1710

Most of the criminal transaction are done through Bitcoin because no 3rd person is involved while the transaction is taking place. Imagine I'm buying drugs from you it's easy for me to send your money through Bitcoin because there is no government or anything in between the transaction is just between you and me.

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October 29, 2017, 10:54:03 AM
 #1711

it is a common practice to buy drugs with bitcoin; I have a couple of friends who buy weed with bitcoin. hey what people do with their money is their business.

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October 30, 2017, 06:53:24 PM
 #1712

it is a common practice to buy drugs with bitcoin; I have a couple of friends who buy weed with bitcoin. hey what people do with their money is their business.

Agreed but such incidents are spoiling the image of bitcoins; if this continues and keep increasing then governments might ban the bitcoins or impose some strict laws, which will minimize the chances of bitcoins from becoming a main stream currency.
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October 30, 2017, 06:56:58 PM
 #1713

The just will not deal with it
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October 30, 2017, 07:17:31 PM
 #1714

Most of the criminal transaction are done through Bitcoin because no 3rd person is involved while the transaction is taking place. Imagine I'm buying drugs from you it's easy for me to send your money through Bitcoin because there is no government or anything in between the transaction is just between you and me.
That's not true. Most criminal transactions are still being done with traditional fiat currencies.

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October 30, 2017, 07:27:14 PM
 #1715

Anyone bought drugs with bitcoin and what are you thought on the subject ?

i know i have used bitcoin to buy psilocybe cubensis thank you bitcoin i cold have not done this without you now i can trip watching corry & eastenders in the evening its such a sight.

This is sad because this is one of the reasons why many other people don't like using bitcoins. Its anonymity have been abused by this kind of transaction. That sort of drugs is illegal in my country (and I believe to most countries too) so it would be a bad image for crypto currency if people would still use bitcoin with this purpose.

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October 30, 2017, 07:31:55 PM
 #1716

No i never do this type of evil practice and i suggest not to do such type of illegal purchasing of drugs. my view government should check this type of illegal activities and make shore to stop such type of deals. we should not use bitcoin for illegal activities its our own responsibility

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October 30, 2017, 07:35:52 PM
 #1717

Anyone bought drugs with bitcoin and what are you thought on the subject ?

i know i have used bitcoin to buy psilocybe cubensis thank you bitcoin i cold have not done this without you now i can trip watching corry & eastenders in the evening its such a sight.

This is sad because this is one of the reasons why many other people don't like using bitcoins. Its anonymity have been abused by this kind of transaction. That sort of drugs is illegal in my country (and I believe to most countries too) so it would be a bad image for crypto currency if people would still use bitcoin with this purpose.
People use fiat currency for illegal purposes all the time. I don't see that hurting the image of the USD to EUR.

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October 30, 2017, 07:38:39 PM
 #1718

What drugs do you mean? what is a drug? I think buying drugs with bitcoin is a bad deed. i do not like drugs.

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October 30, 2017, 08:59:51 PM
 #1719

Anyone bought drugs with bitcoin and what are you thought on the subject ?

i know i have used bitcoin to buy psilocybe cubensis thank you bitcoin i cold have not done this without you now i can trip watching corry & eastenders in the evening its such a sight.

Anyone who earns money in a nice way through bitcoin won't tend to buy drugs using this currency. I've heard that some people uses bitcoin to buy drugs which is so disgusting and disappointing. We should value bitcoin as if it's our own currency and we must not involve it in any crimes. We should give importance to it.



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October 30, 2017, 09:34:37 PM
 #1720

Anyone bought drugs with bitcoin and what are you thought on the subject ?

i know i have used bitcoin to buy psilocybe cubensis thank you bitcoin i cold have not done this without you now i can trip watching corry & eastenders in the evening its such a sight.

Anyone who earns money in a nice way through bitcoin won't tend to buy drugs using this currency. I've heard that some people uses bitcoin to buy drugs which is so disgusting and disappointing. We should value bitcoin as if it's our own currency and we must not involve it in any crimes. We should give importance to it.
I don't think the people who take drugs care whatsoever about which currency they use to finish their trades.

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