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Author Topic: Is bitcoin being used for illegal activities  (Read 139723 times)
dunfida
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September 13, 2016, 03:22:47 PM
 #1341

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
porn and gambling are illegal in some countries,i also wondering how will goverment reaction if many people use bicoin for that activity,but nything happen with bitcoin,i still trust in bitcoin.
Allot of people are using bitcoins for illegal shit because they cant get caucht by doign it with the bitcoin because they cant trace it and that makes it better for illegal persons to pay things thanks to bitcoin....

That is actually the bad part of bitcoin. They can freely do transactions that cannot be traced. It is not really meant for that but they jusy keep on abusing it for the purpose of making a large amount of money in a faster way.

We will find both types of people in real world some will use it for good and some of them will use it for bad, but the fact is the percentage of using for illegal activities is higher and that creates a negative impression in the minds of people.

For sure since bitcoin is commonly used on deep web or dark net on doing illegal things and it really gives a bad  image to bitcoin but this thing is reality and we  cant do anything about it or  on how to stop it since bitcoin is known for its anonymity thats why its commonly used there.

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September 13, 2016, 04:20:03 PM
 #1342

Some bitcoins are being used for illegal activity like literally every single currency in the world, USD and the like are being used for tons of illegal activity... I don't think that takes any of the value of coins.
To be honest i think it is, bitcoin is one of the most ideal currency to do illegal things because its so hard to track it, and the worst thing is some of the people directly judge all of bitcoin user are bad guys, so it has made bitcoin difficult to be developed, and even some people proudly announce that they are using bitcoin for bad things
Yes, I agree with you, bitcoin itself isn’t bad at all and the fact that there are many people use it for illegal things like selling and buying drugs, hiring hit-mans,etc., it happens to other currencies as well.

However, people only see bitcoin with its negative sides although those sides are minor in compare with the benefits of bitcoin. As a result, they think bitcoin users are bad guys too and they don’t want to be like that, which affect bitcoin a lot, so I hope this will change in the future.
PokerFace3
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September 13, 2016, 05:22:19 PM
 #1343

Some bitcoins are being used for illegal activity like literally every single currency in the world, USD and the like are being used for tons of illegal activity... I don't think that takes any of the value of coins.
Indeed and these scammers are using bitcoins because of the fact that bitcoins are irreversible, so while being irreversible is acting as a bad feature at the same time it has 1000 positive effects because of being irreversible scammers cannot scam innocent too.
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September 13, 2016, 11:34:50 PM
 #1344

Everyday it is being used in illegal activities. You could see it in twitter and facebook. Those scam site are attracting people then run away after they get what they want.
Well, as such many people use paypal for scamming others and even use it for trading illegal things like drugs and all, so shall we stop using paypal and other e-currency processors ? NO then why even bother if bitcoins are being used for illegal activities.

i think bitcoin is being used for illegal and legal activities, but i don't really know. bitcoin is like a knife, its good when good people used it, its bad when bad people used it, so its depend how we want to used it. but i think bitcoin itself a good think in our life.

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Backside walkaround
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September 13, 2016, 11:38:58 PM
 #1345

Hell yes, and you all saw that moron trying to sell illegal 'porn' here the other day.  That's the sort of thing that gives bitcoin a black eye, and it's completely undeserved but real.  But dark markets would exist anyway, and they always have, without bitcoin.  I say screw the dark markets.  Won't use them.

If the original Backside walkaround can prove to me they are the old owner of this account, I can update the email address to the email address of their choosing.
Backside walkaround has lost access to their account as they used someone else's email address to sign up, and the owner of the email address got tired of random email notifications from this site after a few months and reset the password.
JITENDERPAR3
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September 13, 2016, 11:45:00 PM
 #1346

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
the numbers of countries had banned the bitcoin in their countries because pf the illegal activities . here bitcoin is not illegal but many people are uses it as illegally . so many countries are looking to ban it further some countries accepted bitcoin as official best currency .
jossiel
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September 14, 2016, 12:50:51 AM
 #1347

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
the numbers of countries had banned the bitcoin in their countries because pf the illegal activities . here bitcoin is not illegal but many people are uses it as illegally . so many countries are looking to ban it further some countries accepted bitcoin as official best currency .

I am not surprised that a lot of countries that doesn't allow bitcoin to penetrate their country because of this kind of thinking and we can't blame.

Because it is real that bitcoin is being used for illegal activities daily in the deep web and other dark marketplaces too.

But it is unfair to think that bitcoin is the only thing being used for this type of activities, don't forget about fiat money too.

BitcoinPC
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September 14, 2016, 01:29:56 AM
 #1348

Everyday it is being used in illegal activities. You could see it in twitter and facebook. Those scam site are attracting people then run away after they get what they want.
Well, as such many people use paypal for scamming others and even use it for trading illegal things like drugs and all, so shall we stop using paypal and other e-currency processors ? NO then why even bother if bitcoins are being used for illegal activities.

Per capita, most people dabble some, play a bit, leave and either never come back or visit infrequently, primary use.....novelty.  Until the past year or three, largest transaction...used to buy and sell illegal items most likely, maybe still holding the record, but many of these sites have and move numbers close to those.
dunfida
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September 14, 2016, 08:10:00 AM
 #1349

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
the numbers of countries had banned the bitcoin in their countries because pf the illegal activities . here bitcoin is not illegal but many people are uses it as illegally . so many countries are looking to ban it further some countries accepted bitcoin as official best currency .

In any countries they have different views regarding  into bitcoin some may adopt  it and some  would banned it because they saw the  threat especially it could be used on illegal transaction but for me if they saw  the  positive side of bitcoin they would surely change their  mind i guess.

Newcoins2020
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September 14, 2016, 08:25:28 AM
 #1350

Yeah I know that there are some people that make use of Bitcoin in a bad way because there is not much that the police can do.
But that does not mean that everyone is using Bitcoin in a bad way because that is not the case at all.
DuckKeeper
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September 14, 2016, 08:28:44 AM
 #1351

Yes the bitcoin is used for criminal activities but I honestly do not care about this at all due to the fact every currency is used for criminal activities.
I do not think its bad plus you cannot stop it.
CraigWrightBTC
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September 15, 2016, 06:22:52 AM
 #1352

I think depend on users bitcoin its self, bitcoin can be used for illegal activities and it can be used for legal activities. It is same with fiat money can be used for criminal,money loundry and other illegal activity depend on owner.
awesome31312
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September 15, 2016, 06:47:11 AM
 #1353

The problem isn't Bitcoin being used for illegal activities, it is the fact that common, harmless everyday activities are illegal.

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n691309
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September 15, 2016, 06:59:58 AM
 #1354

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

If you have ever heard about ransomware then you should understand that this virus is illegal because encrypts all your files in your computer and asks for money (bitcoins) to send to the hacker and get the decryption key to decrypt the files.
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September 15, 2016, 07:11:02 AM
 #1355

It is sad that from the image created by the mass media around the world many people get the impression that Bitcoin is mostly beeing used for illegal activities. I hope the situation will change in the future and then much more people will be adopting Bitcoin without hesitation.

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September 15, 2016, 07:14:02 AM
 #1356

It is sad that from the image created by the mass media around the world many people get the impression that Bitcoin is mostly beeing used for illegal activities. I hope the situation will change in the future and then much more people will be adopting Bitcoin without hesitation.

Yeah media has played a major role in creating a negative impression of bitcoins in the minds of the people as they feel that it is a currency only used by criminals and if they start using it then they will be in trouble.
wibuindon
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September 15, 2016, 07:23:42 AM
 #1357

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 that some people using bitcoin for illegal activity but there are still a lot of people used bitcoin for good purpose.  Smiley
goldcoinminer
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September 15, 2016, 07:28:08 AM
 #1358

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 that some people using bitcoin for illegal activity but there are still a lot of people used bitcoin for good purpose.  Smiley
Well, on that matter, that is their decision only and actually it is easy to use bitcoin for illegal activity because it is anonymous and easy to spend online. Maybe, they are one of the reason why bitcoin is progressive and in demand nowadays and that is proven by the price increase.
fatima zuhra
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September 15, 2016, 09:10:54 AM
 #1359

to me not only bitcoin but all the other currency either crypto or fiat currency all may be use for illegal activities but i think there is not fault of the currency in such illegal activities, i think the government and the other authorities should take a step against the people who are involve in such illegal activities and to stop them.
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September 15, 2016, 09:12:59 AM
 #1360

It is sad that from the image created by the mass media around the world many people get the impression that Bitcoin is mostly beeing used for illegal activities. I hope the situation will change in the future and then much more people will be adopting Bitcoin without hesitation.

Yeah media has played a major role in creating a negative impression of bitcoins in the minds of the people as they feel that it is a currency only used by criminals and if they start using it then they will be in trouble.
Fuck the media, some of them are just out to poison the mind of the people while protecting the interest of a particular people especially those corrupt ones who are in the government, it is just a bad publicity but if you are a complete believer you will not be affected on that instead you will invest more for your future.

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