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Author Topic: Is bitcoin being used for illegal activities  (Read 139719 times)
Jimbola3
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July 16, 2016, 03:38:25 PM
 #1041

there are some people who use bitcoin as an illegal act. they transact porn, weapons trafficking, selling drugs and many more acts of criminality. I think this is one of the negative impact of bitcoin. ease of bitcoin is used inappropriately.
illegal act is not only in bitcoins , some others using paypal or western union for porn transactions it depends to people if they use it in bad things but they don't need to ban bitcoin because of illegal activities  Wink
exactly Criminals can use any form of money to conduct the illegal works. Why give emphasis on Bitcoins only !!!
There are always pros and cons of the same thing. Bitcoins are very convenient for the normal people and the same for the
criminals.
darklus123
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July 16, 2016, 03:48:43 PM
 #1042

if you do gambling yet you know that online gambling is not allowed or illegal in your country or if you are not in the right age then you do gambling, I would say that Yes bitcoin is being use illegaly
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July 16, 2016, 03:51:41 PM
 #1043

there are some people who use bitcoin as an illegal act. they transact porn, weapons trafficking, selling drugs and many more acts of criminality. I think this is one of the negative impact of bitcoin. ease of bitcoin is used inappropriately.
illegal act is not only in bitcoins , some others using paypal or western union for porn transactions it depends to people if they use it in bad things but they don't need to ban bitcoin because of illegal activities  Wink
exactly Criminals can use any form of money to conduct the illegal works. Why give emphasis on Bitcoins only !!!
There are always pros and cons of the same thing. Bitcoins are very convenient for the normal people and the same for the
criminals.

that's whole point there bitcoin is a currency if we ordinary people can use it w/out problem i think most of criminals are doing it as well
so no need to point it up just think of it as a normal currency that everyone can use and take advantage of the service.
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July 16, 2016, 04:14:16 PM
 #1044

Yeah, I'm sure bitcoin is used for illegal activities because bitcoin is anonymous.
Bad people take advantage from bitcoin anonymity to do illegal transaction, that way their actions will difficult to trace.

Bitcoin is a currency and we all know all currency is can be use to both legal and illegal things or activities online or not.I dont think that the government will ban bitcoin just because it is use to a illegal activity then if they will do that they must ban all crypto and paper currency because both currency is can be use on illegal things.
It can be used for both, sure. The question is that is btc used more for legal or illegal stuff

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July 16, 2016, 04:18:26 PM
 #1045

there are some people who use bitcoin as an illegal act. they transact porn, weapons trafficking, selling drugs and many more acts of criminality. I think this is one of the negative impact of bitcoin. ease of bitcoin is used inappropriately.
illegal act is not only in bitcoins , some others using paypal or western union for porn transactions it depends to people if they use it in bad things but they don't need to ban bitcoin because of illegal activities  Wink
exactly Criminals can use any form of money to conduct the illegal works. Why give emphasis on Bitcoins only !!!
There are always pros and cons of the same thing. Bitcoins are very convenient for the normal people and the same for the
criminals.

that's whole point there bitcoin is a currency if we ordinary people can use it w/out problem i think most of criminals are doing it as well
so no need to point it up just think of it as a normal currency that everyone can use and take advantage of the service.
Yeah i think its a normal think because if this is not a bitcoin or you are using other payment like perfect money or skrill i there is still illegal activity they are still transfering money without notice that they are using their money for illegal way.. so its normal.
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July 16, 2016, 04:29:37 PM
 #1046

there are some people who use bitcoin as an illegal act. they transact porn, weapons trafficking, selling drugs and many more acts of criminality. I think this is one of the negative impact of bitcoin. ease of bitcoin is used inappropriately.
People can do anything when intentions are bad. When there's a will there's way hahahaha. Criminals can commit crime anyway that is easy. Without any doubt bitcoins are very easy and anonymous for the financial transactions. So, bitcoins are surely used to do illegal activities.

yes that is true. and i am thinking there will be such currency where criminal will not use it. so i think it is not such a strange thing if criminals are using it.
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July 16, 2016, 04:51:56 PM
 #1047

Yeah, I'm sure bitcoin is used for illegal activities because bitcoin is anonymous.
Bad people take advantage from bitcoin anonymity to do illegal transaction, that way their actions will difficult to trace.

Bitcoin is a currency and we all know all currency is can be use to both legal and illegal things or activities online or not.I dont think that the government will ban bitcoin just because it is use to a illegal activity then if they will do that they must ban all crypto and paper currency because both currency is can be use on illegal things.
It can be used for both, sure. The question is that is btc used more for legal or illegal stuff

I agree. Bitcoin can be used in both stuff.  Good deeds, legal activities and illegal activities.  To know wether  it is used more illegally is still unknown because almost all illegal transaction are to be kept hidden while legal activity to good deeds are used openly.  So depending on the stats i know it is more widely used legally.

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July 16, 2016, 06:51:11 PM
 #1048

i think bitcoin haters want to spread bad news about bitcoin  they want to down the value of bitcoin ,  the fact is that haters of bitcoin are against of bitcoin because they invest their money in other crypto currency and they want increase their crypto currency who invest their money in other crypto currency .
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July 16, 2016, 07:32:51 PM
 #1049

if you do gambling yet you know that online gambling is not allowed or illegal in your country or if you are not in the right age then you do gambling, I would say that Yes bitcoin is being use illegaly

yeah, that is right there are some people who are using bitcoin for that activities, there are a number of countries where gambling is illegal and at there the citizens are unable to deposit through their accounts, so there they use bitcoin.
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July 16, 2016, 07:46:27 PM
 #1050

if you do gambling yet you know that online gambling is not allowed or illegal in your country or if you are not in the right age then you do gambling, I would say that Yes bitcoin is being use illegaly

yeah, that is right there are some people who are using bitcoin for that activities, there are a number of countries where gambling is illegal and at there the citizens are unable to deposit through their accounts, so there they use bitcoin.
but i think here the statement mean that if it is use to terrorism or for drug trafficking or for some other illegal activities. so i think not only bitcoin or almost all other currencies will also be use for such kind of activities. so it is not a new thing to be discuss.
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July 16, 2016, 08:04:36 PM
 #1051

if you do gambling yet you know that online gambling is not allowed or illegal in your country or if you are not in the right age then you do gambling, I would say that Yes bitcoin is being use illegaly

yeah, that is right there are some people who are using bitcoin for that activities, there are a number of countries where gambling is illegal and at there the citizens are unable to deposit through their accounts, so there they use bitcoin.
but i think here the statement mean that if it is use to terrorism or for drug trafficking or for some other illegal activities. so i think not only bitcoin or almost all other currencies will also be use for such kind of activities. so it is not a new thing to be discuss.

To be honest you can use it for everything and yes for illegal stuff to
Btc cannot be traced to owner so more and more illegal stuff can and will be done like it or not

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July 16, 2016, 08:55:41 PM
 #1052

if you do gambling yet you know that online gambling is not allowed or illegal in your country or if you are not in the right age then you do gambling, I would say that Yes bitcoin is being use illegaly

yeah, that is right there are some people who are using bitcoin for that activities, there are a number of countries where gambling is illegal and at there the citizens are unable to deposit through their accounts, so there they use bitcoin.
there are and there always will be people who will use bitcoins in order to buy drugs or commit other crimes, i think it is impossible to do something about it to be honest

 
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July 16, 2016, 09:00:21 PM
 #1053


To be honest you can use it for everything and yes for illegal stuff to
Btc cannot be traced to owner so more and more illegal stuff can and will be done like it or not

Like our fiat money, you can buy anything with your cash even illegal stuff also. But of course bitcoin is widely use in darknet mostly for dark transaction Smiley  I mean its up to you if you use it for good or bad services or stuff. Its also a medium of exchange.

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July 16, 2016, 09:09:21 PM
 #1054

Sure, every currency is using for illegal activities at my opinion and it's can't be fixed anyway, people earning money in different ways as possible.

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July 16, 2016, 09:30:21 PM
 #1055

It is true that bitcoin same as fiat currency are used for illegal activites.  There are lots of article online that states that bitcoin is used by people from hit-man to  drug dealers.( https://www.bloomberg.com/view/articles/2013-11-18/are-bitcoins-the-criminal-s-best-friend-) This article was way back 2013, but after three years this  seems  untrraceable transaction had been cracked and now  identifiable by the authority (http://www.sciencemag.org/news/2016/03/why-criminals-cant-hide-behind-bitcoin) so basically illegal activities using bitcoin had been reduced which in return attracting more honest people in it's community.

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July 16, 2016, 09:56:50 PM
 #1056

Sure, every currency is using for illegal activities at my opinion and it's can't be fixed anyway, people earning money in different ways as possible.
yeah, fiat is also really often used for bad things in my opinion, i hope that this willl somehow be permitted in the future but now we cannot do anything about ir i think

 
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July 17, 2016, 12:10:20 AM
 #1057


To be honest you can use it for everything and yes for illegal stuff to
Btc cannot be traced to owner so more and more illegal stuff can and will be done like it or not

Like our fiat money, you can buy anything with your cash even illegal stuff also. But of course bitcoin is widely use in darknet mostly for dark transaction Smiley  I mean its up to you if you use it for good or bad services or stuff. Its also a medium of exchange.
it's they fault if they will lost due to illegal activities, just be play safe don't try illegal activities in bitcoins once as i know FBI will hunt who using bitcoins in deepweb  Wink

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July 17, 2016, 03:28:51 AM
 #1058

there are some people who use bitcoin as an illegal act. they transact porn, weapons trafficking, selling drugs and many more acts of criminality. I think this is one of the negative impact of bitcoin. ease of bitcoin is used inappropriately.

Even with fiat all of that activities that you've mention can be accomplished.. It's not just bitcoin that can be used in any purchasing.. The use of bitcoin in illegal activities I think is normal as part of it as a growing currency.. Anyone would really take advantage of features any new thing could offer..

Yeah it is not surprising that it would be use in such way because of as we all know it provides anynomity to its user , you are right that if people uses fiat for illegal terms even if it had already established norms how much more on bitcoin in which there is no law that penalizes you for illegal use of bitcoin right?
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July 17, 2016, 07:28:18 AM
 #1059

Sure, every currency is using for illegal activities at my opinion and it's can't be fixed anyway, people earning money in different ways as possible.
yeah, fiat is also really often used for bad things in my opinion, i hope that this willl somehow be permitted in the future but now we cannot do anything about ir i think
Well, all of this is come back to the people intentions, because main actors are human, and then we can't  blame everything to eliminated the mistakes. fiat and bitcoin just a tool, but some people is over exaggeration to judge them.

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July 17, 2016, 07:33:16 AM
 #1060

for me and for the good people out there bitcoin being used for legal activities like legit mining for bad people outhere their using bitcoin for illegal activities like create or building ponzi or scheme scam website to scam good people and the cause of doing illegal activity is money also some banks and some goverments don't care about crypto currency
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