Is bitcoin being used for illegal activities

[BADecker]

My goverment forbid bitcoin for this reason as my country fully aware of terorism. Imagine if my goverment approve bitcoin and terorist use this advantage to use this bitcoin to made their transaction even more difficult for being trace !

at the same time the goverment can also use bitcoin to find out about transactions. Its always possible to track these terrorist.

My country are also in drug war and have been looking into bitcoin for possibilities, thats why i've read bitcoin in our newspaper last few weeks.

All governments are simply a small froup of people taking away the freedom of a lot of other people, all under the guise of protecting the other people. The thing the government people are really doing is making money off the other people. Bitcoin reduces the ability of government people to make so much money off their citizens.

TheTinyDot

https://www.youtube.com/watch?v=H6b70TUbdfs

[chaser15]

My goverment forbid bitcoin for this reason as my country fully aware of terorism. Imagine if my goverment approve bitcoin and terorist use this advantage to use this bitcoin to made their transaction even more difficult for being trace !

This is one of the problem that terorist can use bitcoin to transact anonymously.. it can also give bad image for bitcoin thats why i think government still not accepting bitcoin and other company online..

That is not the main concern of terrorist group since most of their dealing are covered most by fiat currencies and other assets.

Yes bitcoin can give them a quite anonymous transaction but believe me that is just their option and can't considered as a main one.

[geopolisch]

Everythin is used for q criminal activity, i eon't believe that that fact could hurt bitcoin thqt much on the long run. Thqt fact could slow down btcs progress at the beginning but i believe it wont have any impact later on.

That is true that everything can be used for illegal activity. We cannot deny the fact that even the best of currencies are being used by people for illegal activities but there is nothing wrong in it. I mean if we are not using it for illegal activity then we don't have to worry or get upset that bitcoins are being used for any wrong activity.

I don't even think it will effect bitcoin at all. it won't make it's price slower or anything. if people using bitcoin for illegal activities then it is those people's fault. those people should be guilty for doing these activities.. not bitcoin.
bitcoin is just a currency. it is upto users that how they treat it and how they use it.

[loveofmylife]

The answer is half yes, half no. Many people buy illegal things on dark net, while some good persons do legal things, like buying ordinary goods, food, and so forth.

[Docnaster]

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

In darknet or deepweb yes theres alot of people who using bitcoin for illegal activities like buying drugs,cocaine and those s*x toy for their own good goverment has nothing to do with this bitcoin is more secured than bank (in my own opinion) and will continue to make identity hidden.

[Aamir1]

Anyone who say bitcoin is used to illegal activities should tell that there were no illegal activities before bitcoin was launched?
Its all depends on user how to plan to use it but a specific payment system isn't made to use for illegal activities,many people use cash and many other payment systems for illegal activities.

Obviously, but the ones who don't want bitcoin to get popular or to be used everywhere in the world they would probably all the time try to prove it a criminals coin which will make it suspicious for the users who are not already using it so they will think twice before coming towards it.

[danishcookie]

They do, they buy weapons, drugs, hacked accounts in the dark net markets, they use bitcoin mixers to keep secret, you can try my signature to try this privacy bitcoin mixer.    Of course, you don't need to do illegal things to use my signature site, you can do legal things just keep anonymous. Welcome.

[BADecker]

One of the most important things to understand is that most illegal things are not unlawful. It's only when you say that you are part of some legal system that its illegal things become unlawful for you.

[lister storm]

Anyone who say bitcoin is used to illegal activities should tell that there were no illegal activities before bitcoin was launched?
Its all depends on user how to plan to use it but a specific payment system isn't made to use for illegal activities,many people use cash and many other payment systems for illegal activities.

well of course there are illegal activities connected with bitcoin and it cant be different, because where is some kind of money involved then there will surely be illegal stuff with it also as people will use it however they want

bitcoins are surely being used for illegal activities right now and i dont think that we are able to do anything about it because bitcoins can be really anonymous when used with other programs, so it is a problem for police

we shouldnt be too scared of all that illegal stuff because when it comes to fiat it also happens all the time, so just chill and use the bitcoins like you want to and dont just start selling it like crazy after reading a sissy news article on how bitcoins are bad

[upsidedown75]

Everythin is used for q criminal activity, i eon't believe that that fact could hurt bitcoin thqt much on the long run. Thqt fact could slow down btcs progress at the beginning but i believe it wont have any impact later on.

Yes, just because bitcoins are used for criminal activities should not be an argument against bitcoins. Any fiat currency is used for illegal activities and people still don't want to get rid of them.

I agree with you completely because a gun can be used for protecting someone while it can also be used for killing innocent people. Lets forget if bitcoins are used for illegal activities and lets appreciate the fact that bitcoins have given us all enormous profits and the early adopters have become millionaires.

[stevo401]

I agree with you completely because a gun can be used for protecting someone while it can also be used for killing innocent people. Lets forget if bitcoins are used for illegal activities and lets appreciate the fact that bitcoins have given us all enormous profits and the early adopters have become millionaires.

The fact that people have made significant profits doesn't mean we should dismiss the concern of bitcoin being used for illegal activities. I'm sure that the early sellers of cocaine probably made a fortune off of it, but that doesn't make it legal or acceptable. The anonymity of bitcoin can certainly be a legitimate tool to enhance the lives of those living under censorship, but we can't prevent it also being a tool for facilitating illicit markets, terrorism or other illegal activities. That doesn't mean we should ignore this risk just because w are making money.

[saiha]

Everythin is used for q criminal activity, i eon't believe that that fact could hurt bitcoin thqt much on the long run. Thqt fact could slow down btcs progress at the beginning but i believe it wont have any impact later on.

Yes, just because bitcoins are used for criminal activities should not be an argument against bitcoins. Any fiat currency is used for illegal activities and people still don't want to get rid of them.

I agree with you completely because a gun can be used for protecting someone while it can also be used for killing innocent people. Lets forget if bitcoins are used for illegal activities and lets appreciate the fact that bitcoins have given us all enormous profits and the early adopters have become millionaires.

Well as long as there is monetary unit involved anything can be used in illegal activities or trades. Just like real money they are being used for buying illegal things.

So I guess they are just the same, we all knew about it that bitcoin has been used in illegal activities but we can't stop that.

Because it is also happening in real life with the use of our fiat money.

[Capradina]

Everythin is used for q criminal activity, i eon't believe that that fact could hurt bitcoin thqt much on the long run. Thqt fact could slow down btcs progress at the beginning but i believe it wont have any impact later on.

Yes, just because bitcoins are used for criminal activities should not be an argument against bitcoins. Any fiat currency is used for illegal activities and people still don't want to get rid of them.

I agree with you completely because a gun can be used for protecting someone while it can also be used for killing innocent people. Lets forget if bitcoins are used for illegal activities and lets appreciate the fact that bitcoins have given us all enormous profits and the early adopters have become millionaires.

Well as long as there is monetary unit involved anything can be used in illegal activities or trades. Just like real money they are being used for buying illegal things.

So I guess they are just the same, we all knew about it that bitcoin has been used in illegal activities but we can't stop that.

Because it is also happening in real life with the use of our fiat money.

That is certainly true, bitcoin digital currency is the most preferred and widely used for illegal transactions. We can only let go over it, because it gives a very system bitcoin demand by the mafia who perform illegal transactions. Better use bitcoin for profit than discuss it

[yohanip]

Well so fiat money is also used for illegal transactions but the government does not prohibit fiat money.

Criminals using bitcoin for illegal transactions is reasonable because if using bitcoin will be difficult to track who they are, bitcoin is very anonymously.

In US, more people die from car accidents than from exploding hand grenades.
Can you guess why live hand grenades are largely illegal to own, while cars are not?
Tell me if you need a hint.

I need a hint, please kindly elaborate more..
judging from the ownerships then if cars are fiat, and the hand grenade is the bitcoins, are you saying that eventually bitcoins considered illegal?
or i am guessing that my deductions are poor

[boyptc]

Everythin is used for q criminal activity, i eon't believe that that fact could hurt bitcoin thqt much on the long run. Thqt fact could slow down btcs progress at the beginning but i believe it wont have any impact later on.

Yes, just because bitcoins are used for criminal activities should not be an argument against bitcoins. Any fiat currency is used for illegal activities and people still don't want to get rid of them.

I agree with you completely because a gun can be used for protecting someone while it can also be used for killing innocent people. Lets forget if bitcoins are used for illegal activities and lets appreciate the fact that bitcoins have given us all enormous profits and the early adopters have become millionaires.

Well as long as there is monetary unit involved anything can be used in illegal activities or trades. Just like real money they are being used for buying illegal things.

So I guess they are just the same, we all knew about it that bitcoin has been used in illegal activities but we can't stop that.

Because it is also happening in real life with the use of our fiat money.

That is certainly true, bitcoin digital currency is the most preferred and widely used for illegal transactions. We can only let go over it, because it gives a very system bitcoin demand by the mafia who perform illegal transactions. Better use bitcoin for profit than discuss it

I do believe it too, bitcoin has anonymity so the illegal activities can be done with it and the people involve in the circle are not going to be traced easily. So they are using bitcoin as medium of payment for their transactions, especially if you are going to go in the deep web. A lot of illegal trades are happening there but the eyes of the FBI are always there.

[kidoseagle0312]

Since that bitcoin is very open to any individuals, which means it can be use for legal and illegal activities any transaction whether good or bad. It will be depend on how the individuals where they going to use their bitcoins.

[Mr. Big]

Since that bitcoin is very open to any individuals, which means it can be use for legal and illegal activities any transaction whether good or bad. It will be depend on how the individuals where they going to use their bitcoins.

Usually bitcoin's purpose is good, but there are bastards who are using it selfishly on their things which sometimes are illegal and leaving everyone the same stain and making normal people who are not using bitcoin that bad impression about it... 

[romero121]

Since that bitcoin is very open to any individuals, which means it can be use for legal and illegal activities any transaction whether good or bad. It will be depend on how the individuals where they going to use their bitcoins.

Usually bitcoin's purpose is good, but there are bastards who are using it selfishly on their things which sometimes are illegal and leaving everyone the same stain and making normal people who are not using bitcoin that bad impression about it... 

The above quote is the real fact about bitcoin usage, but now scenario have changed a lot. During the past days users thought it to be the currency which is just for illegal needs. Now most has started using it as a investment than using for illegal needs.

[jossiel]

Since that bitcoin is very open to any individuals, which means it can be use for legal and illegal activities any transaction whether good or bad. It will be depend on how the individuals where they going to use their bitcoins.

Usually bitcoin's purpose is good, but there are bastards who are using it selfishly on their things which sometimes are illegal and leaving everyone the same stain and making normal people who are not using bitcoin that bad impression about it... 

The above quote is the real fact about bitcoin usage, but now scenario have changed a lot. During the past days users thought it to be the currency which is just for illegal needs. Now most has started using it as a investment than using for illegal needs.

I agree with it and that is the mindset of people who are lack of knowledge with bitcoin, they tend to think immediately about btc's usage for illegal activities.

But good thing as the day goes by, that mind setting has been changed due that many are seeing the potential of bitcoin for being a good investment.

And with the illegal activities, they are everywhere even in real life with the use of cash.

[Noctis Connor]

Let me put you in that situation are you sing bitcoin to use in illegal activites? Ofcourse no right? but some people in deepweb are using that for illegal activities they selling some of drugs and some data leaked to bitcoin and people buying that because they want to take that leaked. and use it.