Is bitcoin being used for illegal activities

[Pattart]

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.

yeah i know all currency experience this, is used for illegal activities. but differ with bitcoin, there are a lot of cases

[eon89]

Everything that can be used is used for criminal activities. Bitcoin is not the first or the last.

[pooya87]

just like how fiat for example US dollar is being used for criminal activities by criminals, bitcoin is just like any other currency is being used for a variety of reasons and one of those many usages is criminal activities.

but if we are comparing things, usage of bitcoin for criminal act is just a tiny portion in comparison to usage of fiat for that matter.

[BeGoods]

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

I think we can use mixer to trick people. and if you've never posted your address with the original identity in the public sphere. you would not be known by anyone. bitcoin address and your identity remains anonymous.

[Zacudis]

Everything that can be used is used for criminal activities. Bitcoin is not the first or the last.

I also have the same opinion. US dollar is the most widely used currency by the criminals in the world.

[harizen]

Everything that can be used is used for criminal activities. Bitcoin is not the first or the last.

I also have the same opinion. US dollar is the most widely used currency by the criminals in the world.

Because somehow US dollar is quiet can considered a Universal Currency in terms of fiat.

US dollar value are high in some countries so why the criminals will stick to that country's currency if they can accumulate more with the use of USD.

[Oscoda]

Ofcourse it is. Bitcoin is the best method to pay some illegal stuff. And that is hard to predict when it is going to happen.
You cant see and control them when they pay something. So maybe it must be more secure or something.

[recitestores]

in the beginning of rise of bitcoin.
its being used.

[OnTheMF]

in the beginning of rise of bitcoin.
its being used.

I am not sure about any illegal activities is being used through bitcoins. but those who wants to make it happen they will try for it.

[recitestores]

in the beginning of rise of bitcoin.
its being used.

I am not sure about any illegal activities is being used through bitcoins. but those who wants to make it happen they will try for it.

the scammer for example is using bitcoins for illegal

[romero121]

in the beginning of rise of bitcoin.
its being used.

I am not sure about any illegal activities is being used through bitcoins. but those who wants to make it happen they will try for it.

the scammer for example is using bitcoins for illegal

Not only scammers, hackers are using bitcoin as the transaction means so to have them on the secure side. Recently only I came to know about it from a discussion topic posted in our forum.

[avw1982]

Ofcourse it is. Bitcoin is the best method to pay some illegal stuff. And that is hard to predict when it is going to happen.
You cant see and control them when they pay something. So maybe it must be more secure or something.

Bitcoin is completely transperent when compare to other transaction method, If anyone the bitcoin address we can its all history dude. by that we can find the IP address as well. Then how Illegal people will use bitcoin. Its a kind of funny thing which you guys are revealing here.

[DimensionZ]

If you can find the IP address then why do all the criminals prefer to extort bitcoins from the victims? Because they can conceal their tracks and appear to be based in a whole different country.

[damiano]

Ofcourse it is. Bitcoin is the best method to pay some illegal stuff. And that is hard to predict when it is going to happen.
You cant see and control them when they pay something. So maybe it must be more secure or something.

Bitcoin is completely transperent when compare to other transaction method, If anyone the bitcoin address we can its all history dude. by that we can find the IP address as well. Then how Illegal people will use bitcoin. Its a kind of funny thing which you guys are revealing here.

You have totally lost me here? Yes all transactions are recorded for all to see and stays for future reference. So if I give you my address or I send you some Bitcoin you could then find my IP?   Fancy a challenge/bet?
Every currency and thing of value since the dawn of time has been used for illegal activities and will continue to be in future. I thought that would be obvious. Bitcoin just happens to be the best at it so far, apart from people being able to find my IP through a transaction of course  

[Hirose UK]

Well so fiat money is also used for illegal transactions but the government does not prohibit fiat money.

Criminals using bitcoin for illegal transactions is reasonable because if using bitcoin will be difficult to track who they are, bitcoin is very anonymously.

affirmative. wherever we are, there will be illegal activities. and I think, illegal transaction is not strong reason for government to do ban.

[Hellacopter]

I think many bad people or criminals use fiat and the other currencies often to make the illegal activities before the Bitcoin's create. So we can't accuse the bitcoin's currency to being used by some people for this illegal purposes

[Zacudis]

I think many bad people or criminals use fiat and the other currencies often to make the illegal activities before the Bitcoin's create. So we can't accuse the bitcoin's currency to being used by some people for this illegal purposes

Even now, 6 years after the creation of bitcoin, US dollar is still the  favourite of the criminals.

[enhu]

I think many bad people or criminals use fiat and the other currencies often to make the illegal activities before the Bitcoin's create. So we can't accuse the bitcoin's currency to being used by some people for this illegal purposes

Even now, 6 years after the creation of bitcoin, US dollar is still the  favourite of the criminals.

Bitcoin however makes it much safer for them to get caught and i mean if there is no fiat money involved in the crime there won't be any evidence of an exchange. i could be wrong about the law in US but yeah bitcoin increases the ways of how to make their transactions easy. Online criminals like scamming and extorting are common due to bitcoin.

[bargainbin]

I think many bad people or criminals use fiat and the other currencies often to make the illegal activities before the Bitcoin's create. So we can't accuse the bitcoin's currency to being used by some people for this illegal purposes

Even now, 6 years after the creation of bitcoin, US dollar is still the  favourite of the criminals.

Well sure, that's like saying mansions, hookers & blow are still favorite with criminals. Criminals simply use Bitcoin to get at USD, just like they use USD to get at hookers & blow.
Caveat: Everyone uses real money, mostly criminals use BTC

[diodio5]

I think many bad people or criminals use fiat and the other currencies often to make the illegal activities before the Bitcoin's create. So we can't accuse the bitcoin's currency to being used by some people for this illegal purposes

Even now, 6 years after the creation of bitcoin, US dollar is still the  favourite of the criminals.

I think almost all currencies have mafia or criminals. they use a variety of currencies to commit a crime. not only bitcoin. even i think dollars. has more illegal activity than bitcoin