Is bitcoin being used for illegal activities

[bitbunnny]

Every good thing can also be used for bad things and so can Bitcoin. Like the fiat money, Bitcoin is also used for money laundering, buying drugs and weapons, child pornography. I think that you all have heard for Silk Road and similar markets where Bitcoin is used for illegal stuff.

[heroson]

Not necessarily. It can bring positive changes in the society too. Brings social as well as individual development in the society. Bitcoin is also one of the best measure to reduce poverty in the world. Everyone can be independent too.

[kelapayo]

maybe not only bitcoin but fiat being used for illegal activities , but people will prefer on bitcoin because from it's anonymity

[Supercrypt]

Yes it is used for some criminal activities but what people already said about this is that you can ask yourself the question which currency is not right ?
I think that every currency is indeed used for criminal activities.

I think criminals use it because of the anonymity that bitcoin offers. You are right because people find way to harm others with bogus mind even with any currency or really anything. They even use water for making various hazardous things, so lets stop drinking it ?

[Cyaren]

maybe not only bitcoin but fiat being used for illegal activities , but people will prefer on bitcoin because from it's anonymity

I agree but it's still a thing of people are using it to buy drugs and weapons and other bad items to do it under the sight of the government, i have a feeling a Certain Country is doing such a thing...Crazy? lol

[prtty2gal2]

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

I know some illegal activities that includes bitcoins, Like in darkweb. They are using bitcoin as their payments to the bought drugs, guns, or something illegal their

There will always be those who would find ways to obtain what they want. It is just that they found out that bitcoin is another instrument that can be used to anonymously purchase stuff that are considered illegal. The same goes with the fiat. So it is not only bitcoin that's being used for shady activities and transactions.

Very truly said because if someone has a criminal mind then you cannot change it. You cannot hide weapons and change his mentality, because he is a criminal and will find a way to hurt others even with a pencil.

[serjent05]

As the article https://blog.hitbtc.com/is-bitcoin-used-for-illegal-activities/ stated:

Code:

Previous research has pointed to the three key reasons people might be using Bitcoin: curiosity, profit making and politics. 
Based on these observations, the researchers created four potential user groups for the cryptocurrency: tech enthusiasts, investors,
 anti-establishment types, who might want an alternative to mainstream banking, and criminals.
 http://www.wired.co.uk/news/archive/2015-08/03/bitcoin-users-criminals-computer-programmers-study

This three contriibute to Bitcoin Value, the first two to positive effect and the  last one can temporary increase BTC value but will  severely damage the bitcoin reputation.  It was been proven and we saw that several country put a strict regulation to banning bitcoin just to nullify it's exploit effect to their country.

[BeGoods]

Yeap. I heard in the news that criminals are using btc to send money across the globe and no one asks them from where did these money camed from. Also they pay low fees to send them :p

Yeah they are taking advantage of being anonymous of bitcoin so they use it to transact from selling drugs, firearms or other stuff. I think it's natural because many currency is also been used either for legal and illegal activities we can't disagree with that.

I think if you heard the news about it. where someone is using bitcoin to finance the activities of a criminal organization ilegla. it is bulshit ! anyone would not know the owner of the bitcoin address. So even if the bitcoin transactions are transparent. people will not know that bitcoin address where pr who to send money.

[hermanhs09]

Yeap. I heard in the news that criminals are using btc to send money across the globe and no one asks them from where did these money camed from. Also they pay low fees to send them :p

Yeah they are taking advantage of being anonymous of bitcoin so they use it to transact from selling drugs, firearms or other stuff. I think it's natural because many currency is also been used either for legal and illegal activities we can't disagree with that.

I think if you heard the news about it. where someone is using bitcoin to finance the activities of a criminal organization ilegla. it is bulshit ! anyone would not know the owner of the bitcoin address. So even if the bitcoin transactions are transparent. people will not know that bitcoin address where pr who to send money.

Yeah but in the end it's not hurting us if you look at it, it is scary to know the man next door could have a AK-47 ready at any time to go for a crazy attack but you also have to think about what already happens with just regular money.

[neonshium]

i have no idea about this but i think being currency like other currencies. they may be used for both good and bad activities,

You are right though I think bitcoins are not used much for illegal activities. Bitcoins has made more of positive impact then negative so lets not think about the darker side and enjoy using bitcoins.

[Cyaren]

i have no idea about this but i think being currency like other currencies. they may be used for both good and bad activities,

You are right though I think bitcoins are not used much for illegal activities. Bitcoins has made more of positive impact then negative so lets not think about the darker side and enjoy using bitcoins.

No sir sorry to say btc is mainly used for worse things then better things because none of you here can say you have not invested in a company or even rolled a single dice at a casino... Most of those things are illegal in MOST countries.

You know now if you want to stop you can but it is difficult.

[BlueStackz]

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

I know some illegal activities that includes bitcoins, Like in darkweb. They are using bitcoin as their payments to the bought drugs, guns, or something illegal their

There will always be those who would find ways to obtain what they want. It is just that they found out that bitcoin is another instrument that can be used to anonymously purchase stuff that are considered illegal. The same goes with the fiat. So it is not only bitcoin that's being used for shady activities and transactions.

Everything in this world has some advantages as well as some disadvantages. It might noot be only bitcoin by which people does the illegal  work. Might be some people use it for illegal work but we can not negalate the advantages of bitcoins.

[BitcoinPC]

i have no idea about this but i think being currency like other currencies. they may be used for both good and bad activities,

You are right though I think bitcoins are not used much for illegal activities. Bitcoins has made more of positive impact then negative so lets not think about the darker side and enjoy using bitcoins.

No sir sorry to say btc is mainly used for worse things then better things because none of you here can say you have not invested in a company or even rolled a single dice at a casino... Most of those things are illegal in MOST countries.

You know now if you want to stop you can but it is difficult.

I do not agree that bitcoin is illegal and should be stopped. I think the problem is that people use bitcoins  for illegal activities and bitcoins has feature which supports them. But then again bitcoin has features which can be used for good like donation to charitable institutions without disclosing the identity etc. Its the Usage which is good  or bad and not the Currency itself.

[Sled]

i have no idea about this but i think being currency like other currencies. they may be used for both good and bad activities,

You are right though I think bitcoins are not used much for illegal activities. Bitcoins has made more of positive impact then negative so lets not think about the darker side and enjoy using bitcoins.

No sir sorry to say btc is mainly used for worse things then better things because none of you here can say you have not invested in a company or even rolled a single dice at a casino... Most of those things are illegal in MOST countries.

You know now if you want to stop you can but it is difficult.

I do not agree that bitcoin is illegal and should be stopped. I think the problem is that people use bitcoins  for illegal activities and bitcoins has feature which supports them. But then again bitcoin has features which can be used for good like donation to charitable institutions without disclosing the identity etc. Its the Usage which is good  or bad and not the Currency itself.

Yeah your are right the things that make bitcoin bad is those people who use it for doing some illegal transactions especially on dark net like buying illegal drugs,items and other stuff that we may consider as a illegal. We also know that almost currency in the world is being used on both making good and bad transactions. So we can not avoid for currencies to have a bad image .

[ning_chang]

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

yes there are other bitcoin used to illegally earner. not avoid such happenings. so it is possible to band the bitcoin.

[Bestwishes745]

i have no idea about this but i think being currency like other currencies. they may be used for both good and bad activities,

You are right though I think bitcoins are not used much for illegal activities. Bitcoins has made more of positive impact then negative so lets not think about the darker side and enjoy using bitcoins.

No sir sorry to say btc is mainly used for worse things then better things because none of you here can say you have not invested in a company or even rolled a single dice at a casino... Most of those things are illegal in MOST countries.

You know now if you want to stop you can but it is difficult.

Not everyone has adopted bitcoin for its usage in the illegal activities and for the usage in casinos, but people want to earn online and for that they adopt bitcoin as the opportunities of earning in bitcoin is more.

[Bitcotalk]

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

I know some illegal activities that includes bitcoins, Like in darkweb. They are using bitcoin as their payments to the bought drugs, guns, or something illegal their

There will always be those who would find ways to obtain what they want. It is just that they found out that bitcoin is another instrument that can be used to anonymously purchase stuff that are considered illegal. The same goes with the fiat. So it is not only bitcoin that's being used for shady activities and transactions.

Everything in this world has some advantages as well as some disadvantages. It might noot be only bitcoin by which people does the illegal  work. Might be some people use it for illegal work but we can not negalate the advantages of bitcoins.

yes you are right, it is the problem with people that how they use bitcoin, bitcoin is only a currency and with that good people do good activities while those people who have black mind do wrongs with that.

[hermanhs09]

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

I know some illegal activities that includes bitcoins, Like in darkweb. They are using bitcoin as their payments to the bought drugs, guns, or something illegal their

There will always be those who would find ways to obtain what they want. It is just that they found out that bitcoin is another instrument that can be used to anonymously purchase stuff that are considered illegal. The same goes with the fiat. So it is not only bitcoin that's being used for shady activities and transactions.

Everything in this world has some advantages as well as some disadvantages. It might noot be only bitcoin by which people does the illegal  work. Might be some people use it for illegal work but we can not negalate the advantages of bitcoins.

yes you are right, it is the problem with people that how they use bitcoin, bitcoin is only a currency and with that good people do good activities while those people who have black mind do wrongs with that.

Black mind? That sounds a little racist lol im not sure that's what you meant or anything but BTC is used for illegal activities and the best we can do to stop it is just to stay away from it ourselves and make sure our friends dont do it.

You have to look at the bright side of btc sometimes and the brightside is we're making bank off of something online.

[Cyaren]

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

I know some illegal activities that includes bitcoins, Like in darkweb. They are using bitcoin as their payments to the bought drugs, guns, or something illegal their

There will always be those who would find ways to obtain what they want. It is just that they found out that bitcoin is another instrument that can be used to anonymously purchase stuff that are considered illegal. The same goes with the fiat. So it is not only bitcoin that's being used for shady activities and transactions.

Everything in this world has some advantages as well as some disadvantages. It might noot be only bitcoin by which people does the illegal  work. Might be some people use it for illegal work but we can not negalate the advantages of bitcoins.

yes you are right, it is the problem with people that how they use bitcoin, bitcoin is only a currency and with that good people do good activities while those people who have black mind do wrongs with that.

Black mind? That sounds a little racist lol im not sure that's what you meant or anything but BTC is used for illegal activities and the best we can do to stop it is just to stay away from it ourselves and make sure our friends dont do it.

You have to look at the bright side of btc sometimes and the brightside is we're making bank off of something online.

Well "sometimes" is not always and it is very hard for a lot of the people here to make "bank" if you know what i mean a lot of the users on here dont even spend enough time to make a dime daily, i know that's their fault but honestly it's just a waste of time to think about making bank off of crypto currencies from just pennies and dimes alone because that isnt enough to invest or gamble or do anything with.

[aso118]

yes you are right, it is the problem with people that how they use bitcoin, bitcoin is only a currency and with that good people do good activities while those people who have black mind do wrongs with that.

Black mind? That sounds a little racist lol im not sure that's what you meant or anything but BTC is used for illegal activities and the best we can do to stop it is just to stay away from it ourselves and make sure our friends dont do it.

You have to look at the bright side of btc sometimes and the brightside is we're making bank off of something online.

If black mind is racist, so is black market or black sheep.
Bitcoin being used for illegal activities does no harm to it, except in the minds of people who don't realize it is just a tool.
Technology enables good guys as well as bad guys.