Lutzow
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March 02, 2016, 07:19:02 AM |
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Bitcoin is just like any other currencies out there so yes it can be used for illegal activities just like how syndicates are using FIAT the same way.
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avikz
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March 02, 2016, 08:43:35 AM |
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Every great invention has it's own advantages and disadvantages as well. So as Bitcoin. It is one of the biggest inventions of this century which changed the financial world and it's outlook.
So I am not surprised that it is being used for some illegal activities. But, as long as we are not indulging ourselves in to any illegal things, no one can drag us to jail.
just be cool and keep accumulating bitcoin just the way you are doing, rest time will tell.
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Sengoko
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March 04, 2016, 09:46:40 AM |
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Of course bitcoin is being used for some illegal activities and silk road and the ones after it prove that, I don't like that either but criminals use every currency like USD as well.
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romero121
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casinosblockchain.io
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March 04, 2016, 10:29:35 AM |
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Bitcoin is used illegally in most countries. Many countries has restricted the use of Bitcoin. When such restrictions get released illegal use of Bitcoin will also reduce
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Newcoins2020
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March 04, 2016, 10:58:49 AM |
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Bitcoin is used illegally in most countries. Many countries has restricted the use of Bitcoin. When such restrictions get released illegal use of Bitcoin will also reduce
Yes but the problem with bitcoin is criminals find it easy to easy bitcoins for their criminals activities. This is picked up by the press very easily which gives bitcoin a bad name. This is unfair since criminals also use dollar/euro yen for their criminals ventures.
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jethrorn99
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March 04, 2016, 11:00:06 AM |
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There's no currency that isn't used for illegal activities.
Bitcoin is used since it's more anonymous than fiats (or using banks)
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KiwiParty
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★YoBit.Net★ 350+ Coins Exchange & Dice
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March 04, 2016, 11:40:26 AM |
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Well, at the moment it isnt used for those criminal activites which are commited by rich companies and organisations, like in the banking sector, investment banks, etc. The gigantic big time fraud of 2008 took place before BTC was born. Of course BTC allows criminals to take advantage of its features. But this also is true for modern banking, electronic money and transactions. The money does not need to be transferred physically anymore, this is one of the main reasons for using it for criminal activities.
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Neptunium
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March 04, 2016, 11:44:05 AM |
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I don't think it will necessary harm bitcoin. Something anonymous always has the potential of being used for illegal purposes.
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owm123
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March 04, 2016, 01:03:08 PM |
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There's no currency that isn't used for illegal activities.
Bitcoin is used since it's more anonymous than fiats (or using banks)
Thats not true. I recommend reading the book: "How to be Anonymous Online: Step-by-Step Anonymity with Tor, Tails, Bitcoin and Writeprints" especially section titled "Bitcoin is NOT Anonymous" http://www.amazon.ca/How-Anonymous-Online-Step-Step-ebook/dp/B00BDVBGQC
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Hirose UK
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March 04, 2016, 01:35:49 PM |
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Each and every day a huge transaction is taking place through bitcoin for illegal activities. These doesn't mean bitcoin support it, but the technology gives a way that's it. If we try to solve this the major key of the programs needs to be rewritten which is not possible as it is studied and verified as flawless.
we are not capable of stopping people do illegal transactions. even we can give suggestions, it will be back to them. do the suggestion or run their own way
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Lauda
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March 04, 2016, 02:04:15 PM |
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Bitcoin is used since it's more anonymous than fiats (or using banks)
Thats not true. While it isn't more anonymous than using cash, it definitely is than using banks and similar methods. You can acquire Bitcoin and spend it without giving away a single piece of information about yourself. Something anonymous always has the potential of being used for illegal purposes.
Bitcoin is pseudo-anonymous. Bitcoin is used illegally in most countries. Many countries has restricted the use of Bitcoin.
This is just false. Most of the countries don't have anything against Bitcoin (only few have imposed some restrictions/bans).
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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion)
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azeminjo09
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March 04, 2016, 02:21:46 PM |
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Sure it is used for illegal activities.. it is almost untraceable.. but still I watched deep net news on youtube, and it says drug traffic (mostly in Russia) keep expanding using this dark web things..
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Lauda
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Terminated.
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March 04, 2016, 02:32:40 PM |
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Sure it is used for illegal activities.. it is almost untraceable..
Saying that a publicly stored ledger is 'almost untraceable' makes no sense. This is why it is rather recommended to use a new address for each TX. but still I watched deep net news on youtube, and it says drug traffic (mostly in Russia) keep expanding using this dark web things..
There is no problem in that. Not only has the quality of the drugs improved, it is much safer for people to transact this way. People would do these trades anyways; the whole war on drugs is pointless.
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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion)
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ronaldinho_07
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March 04, 2016, 02:39:36 PM |
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Well bitcoin and fiat for sure being used to ilegal activities soo why just to point bitcoin,before it fiat were used now they can use bitcoin and hide their face,to police maybe harder to find them,but some ilegal things are to make damage to others soo i believe this question isnt right at all as fiat and bitcoin both being used to things ilegal.
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DeDordtenaar
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March 04, 2016, 04:20:37 PM |
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Sure it is used for illegal activities.. it is almost untraceable.. but still I watched deep net news on youtube, and it says drug traffic (mostly in Russia) keep expanding using this dark web things..
reportedly confusing. I think they do not use bitcoin. bitcoin is still very foreign to them. they may even not know about bitcoin. for drugs, usually the transaction is face to face man!
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ekoice
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March 04, 2016, 04:27:46 PM |
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Bitcoin is just like any other currencies out there so yes it can be used for illegal activities just like how syndicates are using FIAT the same way.
Since Bit coin can be used like any other currency for purchasing so it seem's difficult to control it and some people may use it for wrong ways so I think it is good to find out some way to control this as well and would be preferable to manage bit coin to use it only for good and positive ways and this will gain lot of respect for bit coin as well.
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CryptoBjorn
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March 04, 2016, 10:15:25 PM |
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Bitcoin is just like any other currencies out there so yes it can be used for illegal activities just like how syndicates are using FIAT the same way.
Since Bit coin can be used like any other currency for purchasing so it seem's difficult to control it and some people may use it for wrong ways so I think it is good to find out some way to control this as well and would be preferable to manage bit coin to use it only for good and positive ways and this will gain lot of respect for bit coin as well. Well yeah bitcoin is used in illegal deals. So is the dollar. It's not something criminals do exlcusive with bitcoin. Blaming such on bitcoin is just wrong.
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Anddos
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March 04, 2016, 10:21:51 PM |
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Bitcoin is just like any other currencies out there so yes it can be used for illegal activities just like how syndicates are using FIAT the same way.
Since Bit coin can be used like any other currency for purchasing so it seem's difficult to control it and some people may use it for wrong ways so I think it is good to find out some way to control this as well and would be preferable to manage bit coin to use it only for good and positive ways and this will gain lot of respect for bit coin as well. Well yeah bitcoin is used in illegal deals. So is the dollar. It's not something criminals do exlcusive with bitcoin. Blaming such on bitcoin is just wrong. Find me a currency that isn't used for illegal activities.
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MTBTT
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March 05, 2016, 12:17:16 AM |
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Yes to be honest many people are unfortunately using Bitcoins in wrong activities, but we have to live with it. See if something has benefits then surely it was some limitations also. Like brain can be used to make a bomb but can also be used to develop a social tool.
hmm. are you already seen that someone using bitcoin to illegal activity, I've never heard someone corrupt. steal money in bitcoin
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Kollor
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March 05, 2016, 01:24:23 PM |
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Yes, we might not see it, as we cannot see who is using bitcoin, but for sure there are people who are using bitcoin like money to fund their illegal activity...maybe some people are keeping their money asset as bitcoin to make sure that government won't see it... but definitely it won't hurt bitcoin...
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