Is bitcoin being used for illegal activities

[goldcoinminer]

Yes but the problem with bitcoin is criminals find it easy to easy bitcoins for their criminals activities. This is picked up by the press very easily which gives bitcoin a bad name.
This is unfair since criminals also use dollar/euro yen for their criminals ventures.

You can't expect the mainstream press to be any different. Sensationalizing news about bitcoins sells.
And they will publish what sells.

Some press are also corrupt, they only publish news that is not good for bitcoin as they do no want to promote bitcoin due to competition of what they are protecting like the big payment processor online, apparently bitcoin is a threat to them so they do anything to destroy bitcoin.

[Angell]

Come one people, which currency is not used for illegal activities? If you make a knfie for cutting onion and somebody kills with it. The knife isn't guilty because an idiot used it for that. The same goes with crypto world.

[goinmerry]

Come one people, which currency is not used for illegal activities? If you make a knfie for cutting onion and somebody kills with it. The knife isn't guilty because an idiot used it for that. The same goes with crypto world.

You got the right explanation. It is a thing and you cant blame it. It will not react to everything you file against it. The one who used it will be the one who will be liable for the act that he or she did. Simple as that. Every currency can be used even the one with a low value.

[mirakal]

Come one people, which currency is not used for illegal activities? If you make a knfie for cutting onion and somebody kills with it. The knife isn't guilty because an idiot used it for that. The same goes with crypto world.

You got the right explanation. It is a thing and you cant blame it. It will not react to everything you file against it. The one who used it will be the one who will be liable for the act that he or she did. Simple as that. Every currency can be used even the one with a low value.

If you use bitcoin for illegal activities you have to pay the price because when you get caught you will be put behind the bars, although bitcoin is a good currency to hide transactions online but we should be matured enough to know the possible consequences for illegal activities.

[jossiel]

Come one people, which currency is not used for illegal activities? If you make a knfie for cutting onion and somebody kills with it. The knife isn't guilty because an idiot used it for that. The same goes with crypto world.

You got the right explanation. It is a thing and you cant blame it. It will not react to everything you file against it. The one who used it will be the one who will be liable for the act that he or she did. Simple as that. Every currency can be used even the one with a low value.

If you use bitcoin for illegal activities you have to pay the price because when you get caught you will be put behind the bars, although bitcoin is a good currency to hide transactions online but we should be matured enough to know the possible consequences for illegal activities.

So if you are thinking to use bitcoins for your illegal acts it is better if you are just going to keep away from those type of transactions.

Because it is really hard to live behind the bars as I know a lot of people who did some illegal transactions and they caught, even it is not in bitcoins.

But with the law of cyber, there is no law if you are going to use bitcoin for illegal activities.

[chaser15]

Come one people, which currency is not used for illegal activities? If you make a knfie for cutting onion and somebody kills with it. The knife isn't guilty because an idiot used it for that. The same goes with crypto world.

You got the right explanation. It is a thing and you cant blame it. It will not react to everything you file against it. The one who used it will be the one who will be liable for the act that he or she did. Simple as that. Every currency can be used even the one with a low value.

And that is literally happening in all financial assets in the world. So it's really normal to see if bitcoin is used in illegal activities.

As long as things has value, it can be used in any kind of activities whether legal or not.

[Vodka555]

Yep. Alot of people are using em to buy illegal drugs

[delliaerd]

Come one people, which currency is not used for illegal activities? If you make a knfie for cutting onion and somebody kills with it. The knife isn't guilty because an idiot used it for that. The same goes with crypto world.

You got the right explanation. It is a thing and you cant blame it. It will not react to everything you file against it. The one who used it will be the one who will be liable for the act that he or she did. Simple as that. Every currency can be used even the one with a low value.

If you use bitcoin for illegal activities you have to pay the price because when you get caught you will be put behind the bars, although bitcoin is a good currency to hide transactions online but we should be matured enough to know the possible consequences for illegal activities.

Bitcoin transaction anonymity was being the reason for who wanna make an illegal transaction. But bitcoin anonymity is one of the benefit from using bitcoin. It give bitcoin users a better privacy. It is depend on who use bitcoin. Bitcoin just a currency, Not a crime thats it.

[myferrari]

Bitcoin is being used for illegal activities as much as fiat is being used for illegal activities, it doesn't mean it's the fault of bitcoin or that bitcoin is a bad currency.
There's criminals everywhere and bitcoin is attractive cause it's very anonymous to all those criminals.

criminal activities are even higher with fiat. and this is btw a sign of a good currency. everyone can use it. if you leave certain people out and you can decide who can use it, then you have a bad currency.

Yup, fiat world is too big, more crimes, maybe criminals will use bitocin to do bad things, it is beneficial to bitcoin price.

[dunfida]

Come one people, which currency is not used for illegal activities? If you make a knfie for cutting onion and somebody kills with it. The knife isn't guilty because an idiot used it for that. The same goes with crypto world.

You got the right explanation. It is a thing and you cant blame it. It will not react to everything you file against it. The one who used it will be the one who will be liable for the act that he or she did. Simple as that. Every currency can be used even the one with a low value.

If you use bitcoin for illegal activities you have to pay the price because when you get caught you will be put behind the bars, although bitcoin is a good currency to hide transactions online but we should be matured enough to know the possible consequences for illegal activities.

Bitcoin transaction anonymity was being the reason for who wanna make an illegal transaction. But bitcoin anonymity is one of the benefit from using bitcoin. It give bitcoin users a better privacy. It is depend on who use bitcoin. Bitcoin just a currency, Not a crime thats it.

You are right bitcoin characteristics  is  being  anonymous which is a really good  thing  for bitcoin but  the usage  would really depend  on  how  the person would use it  its either  illegal or  legal things. Yes its not a  crime but its just  whats  the   potential  of bitcoin being used  by anybody.

[Schuyler]

Makes me wonder what if bitcoin had been around during the reign of Pablo Escobar. I have been watching a lot of Narcos lately and it just crossed my mind. Those buried money would not have rotten if they were converted. 

[zend7]

Makes me wonder what if bitcoin had been around during the reign of Pablo Escobar. I have been watching a lot of Narcos lately and it just crossed my mind. Those buried money would not have rotten if they were converted. 

Now there are better bands then the one of Escobar. They sell drugs through the dark net and no one knows who they are. They are making money quietly from a long time now. They haven't killed anyone or blackmailed anyone so in this sense these bands of our times are much better and much smarter than animals like Escobar and Griselda Blanco.

[1Referee]

Makes me wonder what if bitcoin had been around during the reign of Pablo Escobar. I have been watching a lot of Narcos lately and it just crossed my mind. Those buried money would not have rotten if they were converted. 

That's right, but money is still being buried in some cases, so in that aspect not much has changed. At this point they would either had to purchase a huge load of coins through cash money, or they put it into stolen art for example. I personally would at all times go for Bitcoin since you only need an USD stick to store hundreds of millions worth of coins.

[goldcoinminer]

Makes me wonder what if bitcoin had been around during the reign of Pablo Escobar. I have been watching a lot of Narcos lately and it just crossed my mind. Those buried money would not have rotten if they were converted. 

That's right, but money is still being buried in some cases, so in that aspect not much has changed. At this point they would either had to purchase a huge load of coins through cash money, or they put it into stolen art for example. I personally would at all times go for Bitcoin since you only need an USD stick to store hundreds of millions worth of coins.

Well in that aspect bitcoin has the advantage, however if you will try to analyze majority of the transactions in this world are done manually or offline transaction, so bitcoin is only good for activities that involves online transaction.

[doomistake]

To be honest, yes, it is being use in some illegal activities like buying illegal stuffs in the dark market in the deep web like Silk Road. I know you are all familiar with this issue because it's just happened last year. Silk road is a dark market that is in the deep web. They are selling drugs and other stuffs and the only payment that they accept is bitcoins for them and the buyers to stay anonymous but it doesn't mean that bitcoin will be banned just because of this. Other currencies like dollars and other money everywhere are being used in illegal activities but the government didn't ban it right? Because money can be spent in anything, anywhere as long as you have some. The thing here is that you can be put into jail if you get caught doing some illegal activities like buying drugs and so on, and you will be the one who is gonna pay for what you've done and not bitcoin.

[Rizky Aditya]

Bitcoin is being used for illegal activities as much as fiat is being used for illegal activities, it doesn't mean it's the fault of bitcoin or that bitcoin is a bad currency.
There's criminals everywhere and bitcoin is attractive cause it's very anonymous to all those criminals.

criminal activities are even higher with fiat. and this is btw a sign of a good currency. everyone can use it. if you leave certain people out and you can decide who can use it, then you have a bad currency.

Yup, fiat world is too big, more crimes, maybe criminals will use bitocin to do bad things, it is beneficial to bitcoin price.

I don't know why people make such a big deal about criminal activity for Bitcoin. Fiat has way more criminal activity. It definitely is used for illegal activity.

[Pursuer]

Bitcoin is being used for illegal activities as much as fiat is being used for illegal activities, it doesn't mean it's the fault of bitcoin or that bitcoin is a bad currency.
There's criminals everywhere and bitcoin is attractive cause it's very anonymous to all those criminals.

criminal activities are even higher with fiat. and this is btw a sign of a good currency. everyone can use it. if you leave certain people out and you can decide who can use it, then you have a bad currency.

Yup, fiat world is too big, more crimes, maybe criminals will use bitocin to do bad things, it is beneficial to bitcoin price.

I don't know why people make such a big deal about criminal activity for Bitcoin. Fiat has way more criminal activity. It definitely is used for illegal activity.

not people, say the Media. there is a difference.
and it has two major reasons, one of them is that the media is always hungry for publishing these types of news, mostly negative and ugly and more importantly HOT. it is either click bait, increasing more sale, or viewers, ...
and also there is this propaganda to not let bitcoin grow, that is why they show it in a negative light and show it as a criminals coin.

[UnknownEye]

I don't know why people make such a big deal about criminal activity for Bitcoin. Fiat has way more criminal activity. It definitely is used for illegal activity.

Haha.I also agree with you.For me Bitcoin is not too old and still new in real world.That why when people talk about bitcoin,it only lead to criminal and darknet topic.For me,the fiat money is still more evil because there are many illegal is dealing with fiat money.For example,drug.So i don know why,people always think bitcoin as a money for illegal purpose.

[Mastsetad]

Which currency is not being used for illegal activities? None, each and every currency in the world if used in one or more criminal activities and no one can prevent that from happening nor it has any effect on that currency and the currency got nothing to get blamed for that.

[Caladonian]

Bitcoin is being used for illegal activities as much as fiat is being used for illegal activities, it doesn't mean it's the fault of bitcoin or that bitcoin is a bad currency.
There's criminals everywhere and bitcoin is attractive cause it's very anonymous to all those criminals.

criminal activities are even higher with fiat. and this is btw a sign of a good currency. everyone can use it. if you leave certain people out and you can decide who can use it, then you have a bad currency.

Yup, fiat world is too big, more crimes, maybe criminals will use bitocin to do bad things, it is beneficial to bitcoin price.

I don't know why people make such a big deal about criminal activity for Bitcoin. Fiat has way more criminal activity. It definitely is used for illegal activity.

not people, say the Media. there is a difference.
and it has two major reasons, one of them is that the media is always hungry for publishing these types of news, mostly negative and ugly and more importantly HOT. it is either click bait, increasing more sale, or viewers, ...
and also there is this propaganda to not let bitcoin grow, that is why they show it in a negative light and show it as a criminals coin.

good point mate just for media bias news and still more readers got interested but for sure nothing is new there bitcoin is a currency so it will be use the same way with any other form of currency.