bryant.coleman
Legendary
Offline
Activity: 3696
Merit: 1217
|
|
May 30, 2016, 07:01:14 AM |
|
First you need to define the term "illegal". What is illegal in a particular region or a jurisdiction may be perfectly legal elsewhere. For example all beverages containing alcohol are banned in Saudi Arabia (including wine and beer). If I use my coins to purchase a can of beer, are you going to claim that I am using my BTC for illegal purchases?
|
|
|
|
Kollor
|
|
May 31, 2016, 03:57:20 AM |
|
First you need to define the term "illegal". What is illegal in a particular region or a jurisdiction may be perfectly legal elsewhere. For example all beverages containing alcohol are banned in Saudi Arabia (including wine and beer). If I use my coins to purchase a can of beer, are you going to claim that I am using my BTC for illegal purchases?
There are instances where a law is being adopted by a state from other state. But,the thing is, there are crimes or illegal activities which are common to all countries, like drug trafficking and gun smuggling and many more. By those, a criminal will always find a way or a new medium to transact or do their business without being noticed by the authorities, that is why bitcoin could be used on those.
|
|
|
|
Mumbeeptind1963
|
|
May 31, 2016, 06:40:28 AM |
|
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
Yup bitcoin is being used in illegal transaction my friend said that this cryptocurrency is the main option payment for illegal transaction in deepweb. Because its safe you can use it without your true identity. You can send how much as you can to anyone and other people didnt see the transaction is for illegal they just see how many you send and they think that this bitcoin funds is from pool mining.
|
|
|
|
bitcoinhopper
Sr. Member
Offline
Activity: 336
Merit: 250
Bravity is beautiful.
|
|
May 31, 2016, 07:00:22 AM |
|
It will be of course used by illegal activities and that is because many criminals are using it as their payment method and it is also easy to use for them so that is really nice for them. Because you cant know what they have bought with the Bitcoin and that is nice for the criminals itself.
|
|
|
|
coinyard
Sr. Member
Offline
Activity: 266
Merit: 250
★YoBit.Net★ 350+ Coins Exchange & Dice
|
|
May 31, 2016, 07:01:09 AM |
|
The bitcoin is used by some people in illegal activities. But the proportion of illegal use has reduced all the time.
|
|
|
|
DuckKeeper
|
|
May 31, 2016, 07:28:07 AM |
|
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
It is possible that criminals make use of Bitcoin because of the fact that you cannot know who they are. So you cannot blame them for the fact they make good use of something.
|
|
|
|
pocarime32
|
|
May 31, 2016, 07:37:22 AM |
|
Just like cash is used for illegal activities, so is Bitcoin and other cryptocurrencies.
I agree with you. Every currencies always have an illegal activities but only some people know about that activites and i think bitcoin also have a illegal activities.
|
|
|
|
Cybertron00
|
|
June 02, 2016, 07:08:34 AM |
|
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
here in our country bitcoin is known as money of criminals, drug dealers and other illegal activity but bitcoin not illegal here just the people know about bitcoin is bad and use by bad guys, so if you try to tell to your friend that you saving bitcoin they will start creating story on you and if you go out all people will curse you cause they only know that bitcoin is for bad people only
|
|
|
|
bladeandsoulguide
Newbie
Offline
Activity: 42
Merit: 0
|
|
June 02, 2016, 08:06:30 AM Last edit: August 23, 2016, 01:56:42 PM by bladeandsoulguide |
|
because bitcoin is anonymous
buy and sell blade and soul gold we accept bitcoins
|
|
|
|
Doms
|
|
June 02, 2016, 08:42:48 AM |
|
Anything that has value can be used both for good and bad. Although it is easier to buy illegal stuff with bitcoin because of anonymity, the same is also doable with our traditional money. There maybe a lot of reported illegal activities related to bitcoin, but we see everyday in the news people doing illegal stuff with their dollars, their yen, their euros and what have you.
|
|
|
|
pearl11
|
|
June 02, 2016, 09:14:55 AM |
|
because bitcoin is anonymous
Youre definitely right ,thats why many are using bitcoins for illegal activities because it is anonymous. Unless the user doesnt know how to hide his real bitcoin address.
|
|
|
|
Searing
Copper Member
Legendary
Offline
Activity: 2898
Merit: 1464
Clueless!
|
|
June 02, 2016, 09:21:23 AM |
|
I need BTC to be worth 10,000 usd a BTC. Then I could somehow 'walk a fine line' ...ie .....does the hot model trophy wife really really love me for me or my BTC? Would be a fun/interesting way to plumb the depths of 'self denial' and 'self-delusion' .......(good to have goals) So this probably is an 'illegal' activity from the 'moral point of view' ...but then again ....... not like in such an endeavor being 'stalked' would I have a lot of say in the result anyway (perhaps a good lawyer for the pre-nuptial agreement) Weak I am ...Weak I tell you
|
Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/2021. It also works with Windows 10 and likely 11 and allows 16 bit DOS game doors on the same Win 10 Machine in Multi-Node! Five Minute Install! Look it over it uninstalls just as fast, if you simply want to look it over. Freeware! Full BBS System! It is a frigging hoot!:)
|
|
|
lienfaye
|
|
June 02, 2016, 12:12:04 PM |
|
because bitcoin is anonymous
Youre definitely right ,thats why many are using bitcoins for illegal activities because it is anonymous. Unless the user doesnt know how to hide his real bitcoin address. thats true. they can use bitcoin as online payments. though we can see the web of exchanges that bitcoin have been involved, it's impossible to see who is using them much less what they are buying.
|
|
|
|
Dekker3D
Sr. Member
Offline
Activity: 434
Merit: 250
★YoBit.Net★ 350+ Coins Exchange & Dice
|
|
June 02, 2016, 12:20:17 PM |
|
The anonimity and ability to transfer funds anytime, anywhere makes it a double edged sword for it can also be used in illegal activities or extortion. Now, criminals no need to worry about how to get the ransom money. Someday, cryptocurrency will be used in movies as well especially during syndicate transactions.
|
|
|
|
Babayega31
|
|
June 02, 2016, 12:23:27 PM |
|
because bitcoin is anonymous
Youre definitely right ,thats why many are using bitcoins for illegal activities because it is anonymous. Unless the user doesnt know how to hide his real bitcoin address. thats true. they can use bitcoin as online payments. though we can see the web of exchanges that bitcoin have been involved, it's impossible to see who is using them much less what they are buying. Yes it used because it is the main currency in Darknet where yoi can buy illegal things that can be destructive or even pornographic paraphernalia ans also bitcoin is used by fraudster today because they take advantage the anonimosity of it because they cannot be trace for usinh bitcoin if they do illegal activities in online world.
|
|
|
|
jhenfelipe
|
|
June 02, 2016, 12:58:35 PM |
|
I think yes. For some reason, people tend to use money for illegal activities, and since bitcoin is a currency and can use to buy stuffs and can be trade, maybe some people take advantade of it. That is the sad reality. But hopefully the number of people who use bitcoin for a good deed is higher than the number of people who use it for illegal activities.
|
|
|
|
|
StraightAArdvark
Newbie
Offline
Activity: 28
Merit: 0
|
|
June 02, 2016, 09:58:53 PM |
|
Sometimes bitcoin is used for illegal activities, OP, sometimes it is...
|
|
|
|
buyinbtc
Legendary
Offline
Activity: 1008
Merit: 1010
CryptoTalk.Org - Get Paid for every Post!
|
|
June 02, 2016, 09:59:46 PM |
|
because bitcoin is anonymous
Youre definitely right ,thats why many are using bitcoins for illegal activities because it is anonymous. Unless the user doesnt know how to hide his real bitcoin address. bitcoin itself is not anonymous because you can easily track how the money goes in the blockchain, you have to use a lot of other things in order to be completely anonymous with bitcoins of course bitcoins are used for illegal activities, all the money are used for it and bitcoin is not an exception so i dont think that we should worry about it too much right now
|
|
|
|
BitHodler
Legendary
Offline
Activity: 1526
Merit: 1179
|
|
June 02, 2016, 11:19:59 PM |
|
because bitcoin is anonymous
Youre definitely right ,thats why many are using bitcoins for illegal activities because it is anonymous. Unless the user doesnt know how to hide his real bitcoin address. bitcoin itself is not anonymous because you can easily track how the money goes in the blockchain, you have to use a lot of other things in order to be completely anonymous with bitcoins of course bitcoins are used for illegal activities, all the money are used for it and bitcoin is not an exception so i dont think that we should worry about it too much right now A lot other things? You just have to run your Bitcoins through a mixer which will make it much harder for some one to track your money streams. That's the easiest way to protect your identity. If you are really paranoid then you can even run your Bitcoins through a mixer, and then send it to an exchange as BTC-E which doesn't require you to verify yourself, and then once again use a mixer for the last time.
|
BSV is not the real Bcash. Bcash is the real Bcash.
|
|
|
|