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Laosai
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February 24, 2016, 02:10:59 PM |
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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. Exactly but what's special about btc used for illegal activities is that I'm more or less sure that it works in both ways. I'm sure price is greatly backed by illegal activities!!! |
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gilangIDR
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Activity: 1526
Merit: 1001
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February 24, 2016, 02:16:04 PM |
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I think for some people it is bitcoin used for crime. I do not deny that bitcoin ease in conducting transactions can also be a weakness bitcoin itself.
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Wobberdk
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February 24, 2016, 02:20:27 PM |
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I don't understand why is this so relevant.
Isn't fiat money also used for illegal activities?
What would people do? Ban fiat money?
Illegal activites are a commonplace. if, today, following the money is a tool to arrest perpetrators, we should find another way to find them instead of stoping a true world revolution because of the fear of bandits.
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bargainbin
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February 24, 2016, 02:38:27 PM |
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...
Isn't fiat money also used for illegal activities?
... Sure. And fiat money would be banned too, if it wasn't mainly used for non-criminal activities. Fluffy pillows aren't banned or tightly regulated. Because mainly used for headrests. But yeah, you can use them to smother people to death. Hand grenades, OTOH, are tightly regulated. Can you figure out why that is? |
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hasiramasenju
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Activity: 980
Merit: 1000
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February 24, 2016, 02:54:29 PM |
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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
because use bitcoin is anonymous then bitcoin is easy to being used for illegal activities i said that because some time ago there are kidnappers in my country asked bitcoin as a ransom |
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iliasyaco
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February 24, 2016, 02:57:20 PM |
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Is cash being used for illegal activities ??  |
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neonshium
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February 24, 2016, 08:39:57 PM |
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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
Agreed. If bitcoin is being used for illegal activities, then it is not bitcoin's fault neither bitcon's developers. All currencies being used for illegal activities, but it don't effect currency Image, if bitcoin being used for illegal work, it will not effect bitcoin I think. |
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romero121
Legendary
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Activity: 3192
Merit: 1213
Enterapp Pre-Sale Live
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February 25, 2016, 12:23:27 AM |
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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
because use bitcoin is anonymous then bitcoin is easy to being used for illegal activities i said that because some time ago there are kidnappers in my country asked bitcoin as a ransom It happens because no one can prove about the transaction. Really people are thinking well to make them out of critical situations with bitcoin. Stopping such usage of bitcoin is highly impossible. If there is advantage there will be disadvantage. |
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HarryKPeters
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February 25, 2016, 12:28:47 AM |
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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
Agreed. If bitcoin is being used for illegal activities, then it is not bitcoin's fault neither bitcon's developers. All currencies being used for illegal activities, but it don't effect currency Image, if bitcoin being used for illegal work, it will not effect bitcoin I think. Yeah, even gold is used by criminals, Does that mean gold is the criminal currency? Offcourse not. Criminals will grap anything they can hold on too, for their practices. |
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Sex/Money/Drugs
Newbie
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Merit: 0
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February 25, 2016, 12:49:30 AM |
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Its really up to the person. Bitcoins ain't bad its people that is.
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birdmeko
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February 25, 2016, 01:20:42 AM |
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all currency are being used for something illegal by somebody. bitcoin might be easier to not be tracked though with mixer and all that stuff.  |
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Pattart
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February 25, 2016, 01:54:19 AM |
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Its really up to the person. Bitcoins ain't bad its people that is.
Yeah bitcoins not wrong they are a bad person utilizing bitcoin |
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aardvark15
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February 25, 2016, 01:57:55 AM |
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I'm sure that some people are using bitcoins for illegal activity. But cash and other forms of money are as well.
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diegz
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February 25, 2016, 08:45:26 AM |
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I'm sure that some people are using bitcoins for illegal activity. But cash and other forms of money are as well.
That is true, anything that has a value could be use in illegal activity.. It depends upon the one who will use it... |
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electronicash
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Activity: 3122
Merit: 1052
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February 25, 2016, 09:30:28 AM |
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its a lot easier to use bitcoin on illegal activities though.
Anyone who would want to get away by selling illegal stuff would definitely want to try cryptocurrencies not just bitcoin but monero and the rest of the crypto which can be traded.
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mixan
Legendary
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Activity: 966
Merit: 1000
TRUMP IS DOING THE BEST! MAKE AMERICA GREAT AGAIN!
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February 25, 2016, 09:46:59 AM |
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Some countries consider online gambling as illegal activity.
So yes, it is in those regards. But that is the beauty of being online. You can use a vpn to not be in those countries while doing those activities, so it is like you are not even in those countries that ban it.
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The parasite hates three things: free markets, free will, and free men.
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blackmachinegun
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February 25, 2016, 09:47:20 AM |
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I'm sure that some people are using bitcoins for illegal activity. But cash and other forms of money are as well.
That is true, anything that has a value could be use in illegal activity.. It depends upon the one who will use it... yeah agree, and all currencies has also been used for illegal activities. in contrast to bitcoin, it is still very new. so there is very little illegal activity. whether we should tolerate it? |
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Zacudis
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February 25, 2016, 12:18:10 PM |
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Some countries consider online gambling as illegal activity.
So yes, it is in those regards. But that is the beauty of being online. You can use a vpn to not be in those countries while doing those activities, so it is like you are not even in those countries that ban it.
Will the authorities invest in the VPN services and they can monitor your every action so that you do not notice? |
///// [XVG]★★★★★ VERGE ★★★★★[Multi-Algo] \\\\\
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lottery248
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Activity: 1568
Merit: 1005
beware of your keys.
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February 25, 2016, 01:07:18 PM |
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in a nutshell, this phenomena is explicit in the darknet without even asking about it as you visited them at once. bitcoin (in general) is the only way to trade for illegal stuff.  |
out of ability to use the signature, i want a new ban strike policy that will fade the strike after 90~120 days of the ban and not to be traced back, like google | email me for anything urgent, message will possibly not be instantly responded
i am not really active for some reason
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Bitcoinbro
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February 25, 2016, 02:07:59 PM |
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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. Exactly but what's special about btc used for illegal activities is that I'm more or less sure that it works in both ways. I'm sure price is greatly backed by illegal activities!!! It is many used by illegal activities. I think it is normal. Nobody can control them so that is good for them. But it is to easy for them. It must stop and that is not good for us. It will have a bad reputation. |
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