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Author Topic: Is bitcoin being used for illegal activities  (Read 139723 times)
rio3233
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February 21, 2016, 04:53:56 AM
 #141

Maybe yes maybe no. No one know is bitcoin being used for illegal activities or not. And i think yes, but we never know what illegal activities is that.
OnTheMF
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February 21, 2016, 05:14:46 AM
 #142

Maybe yes maybe no. No one know is bitcoin being used for illegal activities or not. And i think yes, but we never know what illegal activities is that.
all of currency ever being used for illegal activities even dollar,or even euro,nothing to be worried,because currency being used for illegal activities is pretty usual
Those who is involved in illegal activities they can find out how to use the best way of bitcoins benefits and its services, and I think money laundering only can happen when there is all the facilities of internet and traders are available in those areas for the illegal partners.

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eeaweeaws
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February 21, 2016, 05:35:55 AM
 #143

Maybe yes maybe no. No one know is bitcoin being used for illegal activities or not. And i think yes, but we never know what illegal activities is that.

yeah friend, If we are transaction with bitcoin or if anyone transfer money to another person's account or receiving then no one can find out. who are transacting ? and government or police are also cant find out so that's the main reason bitcoin being used for illegal activities.
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February 21, 2016, 01:48:58 PM
 #144

The thing is, bitcoin is real money, as we all know,money can't talk and tell the one who hold him to where it should be used... and anywhere in the world, the cause of doing illegal activity is money...  Smiley

Laosai
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February 21, 2016, 02:00:17 PM
 #145

The thing is, bitcoin is real money, as we all know,money can't talk and tell the one who hold him to where it should be used... and anywhere in the world, the cause of doing illegal activity is money...  Smiley

Yeah but btc is especially easy to handle and use in anonymous way.

It means it's rather useful for illegal activities.

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February 21, 2016, 02:07:42 PM
 #146

The thing is, bitcoin is real money, as we all know,money can't talk and tell the one who hold him to where it should be used... and anywhere in the world, the cause of doing illegal activity is money...  Smiley

Yeah but btc is especially easy to handle and use in anonymous way.

It means it's rather useful for illegal activities.

That's right, and the government don't care about crypto, so its really anonymous...and it can be transferred from any part of the world when internet is present..  Smiley

es2thekay
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February 21, 2016, 02:08:39 PM
 #147

like anything that have a value.. illegal is a vague term
Laosai
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February 21, 2016, 02:38:42 PM
 #148

The thing is, bitcoin is real money, as we all know,money can't talk and tell the one who hold him to where it should be used... and anywhere in the world, the cause of doing illegal activity is money...  Smiley

Yeah but btc is especially easy to handle and use in anonymous way.

It means it's rather useful for illegal activities.

That's right, and the government don't care about crypto, so its really anonymous...and it can be transferred from any part of the world when internet is present..  Smiley

Bah even if they cared about it they couldn't do anything!

jethrorn99
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February 21, 2016, 02:42:33 PM
 #149

Of course it is. Bitcoin is a currency.

There's no currency that is clean from being used to illegal transaction.

gregyoung14
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February 21, 2016, 03:05:56 PM
 #150

No doubt. If you think about it. It's very helpful use it as a tool for money laundering.
Better yet, for online purchases you would want to see someoene else you want to see.
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February 21, 2016, 04:34:56 PM
 #151

Yes. If you did not watched Deepweb, you will not know that bitcoins were used in deepweb transactions, mostly drugs, human trafficking, child porn, gore, torture videos, beastiality, human experiments, sniper for hire and so many more that you can do also with fiat currency.

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February 21, 2016, 04:53:13 PM
 #152

Its comfortable using bitcoin since there is going to be no money involve but online transaction. If i as to sell drug i would have use bitcoin as well.

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dollarneed
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February 21, 2016, 07:58:16 PM
 #153

bitcoin is money, same like fiat or all curencies, and of course it could be used for illegal activities, people can open their own wallet simply no need to upload their identity and start the transaction, that's make bitcoin is the simplest for such a illegal activities yeah due to the it's pseudoanonimity nature
yeah it's like fiat or other curencies there's always two posibility the good way and the bad way
Hugroll
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February 21, 2016, 08:10:32 PM
 #154

I see more and more acrticles of bitcoin being used for illegal activities
will this hurt bitcoin in the long run , will governments ban this just like they started to do wih paying in cash for some services
to harden the use of illegal , and money laundering
bitcoins always being used for illegal activities, this is mainly due to the anonymous strength that bitcoin has. it does hurt bitcoin imo because it drives people away from using it as they think thery are taking part in something illegal.
SISAR
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February 21, 2016, 08:13:14 PM
 #155

I see more and more acrticles of bitcoin being used for illegal activities
will this hurt bitcoin in the long run , will governments ban this just like they started to do wih paying in cash for some services
to harden the use of illegal , and money laundering

See https://bitcointalk.org/index.php?topic=317658.msg13964212#msg13964212
owm123
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February 21, 2016, 10:00:18 PM
 #156

Yes. If you did not watched Deepweb, you will not know that bitcoins were used in deepweb transactions, mostly drugs, human trafficking, child porn, gore, torture videos, beastiality, human experiments, sniper for hire and so many more that you can do also with fiat currency.

Yep, but according to gov, bitcoin makes it "easier" to buy or pay for all these things.

Bitcoin is NOT anonymous: http://www.bitcoinisnotanonymous.com
Nameless Coin
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February 21, 2016, 10:33:43 PM
 #157

Its getting used for criminal activities, but ask yourself this question please which currency is not used for criminal activities every currency is.
There is nothing that can stop that but you have to keep in mind its at every payment method and only a little amount of the whole community.
Cyaren
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February 21, 2016, 10:34:55 PM
 #158

Sometimes yes, bitcoins are often misused for illegal activities because of its superiority over cash or bank transfer. Because it's anonymous and irreversible it's often used for ransoms, drug dealing etc. It seriously shouldn't be a problem though if you're using it for legitimate purposes.
owm123
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February 22, 2016, 12:02:48 AM
 #159

Sometimes yes, bitcoins are often misused for illegal activities because of its superiority over cash or bank transfer. Because it's anonymous and irreversible it's often used for ransoms, drug dealing etc. It seriously shouldn't be a problem though if you're using it for legitimate purposes.
I don't think bitcoin is fully anonymous because your transaction can be easily traced by just knowing your txid,except you're trading it to another altcoin

You right, bitcoin is not anonymous. It is pseudo-anonymous.

Bitcoin is NOT anonymous: http://www.bitcoinisnotanonymous.com
diodio5
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February 22, 2016, 01:06:57 AM
 #160

Sometimes yes, bitcoins are often misused for illegal activities because of its superiority over cash or bank transfer. Because it's anonymous and irreversible it's often used for ransoms, drug dealing etc. It seriously shouldn't be a problem though if you're using it for legitimate purposes.
yeah correct. even a short time ago, there are rumors that. to fund terrorist isis ie with bitcoin, so that other countries do not know, who has helped and sponsored ISIS, until now we do not know who is sending money to isis
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