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Noctis Connor
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October 15, 2016, 07:10:35 AM |
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I just read a few days ago in the local newspapers that police catch drug dealers with a lot of drugs ready for sell.
It seems that they paid for it with Bitcoin.
Such news really can show whole BTC community in negative light.
Yes, it's sad fact but Bitcoin is used for illegal activities.
It's nothing we can do about it.
As usual bitcoin are using for buying illegal drugs and its happening on my country too but goverment or police don't care about bitcoin they want the suspect of that crime and if bitcoin will be banned on my country i probably travel in to another country because i love bitcoin. |
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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18thacccount
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October 15, 2016, 07:57:55 AM |
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Yes, No one can deny that bitcoin is sometimes being used for illegal activities, However the same is applied worldwide since any currency in the world is being used for anything, since this is the fault of the users and not the fault of the currency itself.
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DrGuns4Hands
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October 15, 2016, 09:00:26 AM |
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Yes. We should accept the fact that Bitcoin is being used for illegal activities. We cannot hide nor stop the possibility because it is used for anything.
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JANGKRIK BOSS
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October 15, 2016, 09:14:04 AM |
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The people that use it are bad not the method of making the trade. It can be fiat or gold if not bitcoin. Sure, anything can be used for illegal activities. It is the source that is to blame not the medium which it is used.
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amacar2
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CryptoTalk.Org - Get Paid for every Post!
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October 15, 2016, 01:30:56 PM |
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like fiat moneys bitcoins can be used for illegal activities but today the majority of bitcoin activities are legal, and if you want to exchange that money for fiat you maybe need to share your personal information I think this politic reduces the ratio of ilegal activities.
No actually i don't think this can stop bitcoin or any other fiat from using for illegal activities as there are many ways from which hackers/criminals can pass through such KYC regulation and i have heard few cases where hackers/criminals have used fake identity proofs to get through exchange and withdraws. |
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Skarner21
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October 15, 2016, 01:40:20 PM |
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like fiat moneys bitcoins can be used for illegal activities but today the majority of bitcoin activities are legal, and if you want to exchange that money for fiat you maybe need to share your personal information I think this politic reduces the ratio of ilegal activities.
No actually i don't think this can stop bitcoin or any other fiat from using for illegal activities as there are many ways from which hackers/criminals can pass through such KYC regulation and i have heard few cases where hackers/criminals have used fake identity proofs to get through exchange and withdraws. It can be happen since many online activities are collecting real information that can use to fake their identity using their collected identity from others.. And i think many people are still doing it even not in bitcoins.. |
Make crypto as your bank.
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dunfida
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Activity: 3080
Merit: 1131
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October 15, 2016, 02:53:17 PM |
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like fiat moneys bitcoins can be used for illegal activities but today the majority of bitcoin activities are legal, and if you want to exchange that money for fiat you maybe need to share your personal information I think this politic reduces the ratio of ilegal activities.
No actually i don't think this can stop bitcoin or any other fiat from using for illegal activities as there are many ways from which hackers/criminals can pass through such KYC regulation and i have heard few cases where hackers/criminals have used fake identity proofs to get through exchange and withdraws. It can be happen since many online activities are collecting real information that can use to fake their identity using their collected identity from others.. And i think many people are still doing it even not in bitcoins.. This kind of situation is not new on online world which is trully happening that other people do use others information to use on scamming purposes and its really a bad thing for those people who are victim on this schemes. Thats why we should be very careful on exposing our real information on web. |
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BitHodler
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Activity: 1526
Merit: 1179
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October 15, 2016, 03:00:49 PM |
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like fiat moneys bitcoins can be used for illegal activities but today the majority of bitcoin activities are legal, and if you want to exchange that money for fiat you maybe need to share your personal information I think this politic reduces the ratio of ilegal activities.
No actually i don't think this can stop bitcoin or any other fiat from using for illegal activities as there are many ways from which hackers/criminals can pass through such KYC regulation and i have heard few cases where hackers/criminals have used fake identity proofs to get through exchange and withdraws. It can be happen since many online activities are collecting real information that can use to fake their identity using their collected identity from others.. And i think many people are still doing it even not in bitcoins.. This kind of situation is not new on online world which is trully happening that other people do use others information to use on scamming purposes and its really a bad thing for those people who are victim on this schemes. Thats why we should be very careful on exposing our real information on web.The main priority of everyone should be to never openly talk about who you are and where you live, etc. It's not only here on this forum, but everywhere on the internet there are scammers out to use your personal information to look legit and scam people. That's why an alternative currency such as Bitcoin comes very handy for people doing side jobs on the internet, but at the same time want to remain anonymous for the outside world. |
BSV is not the real Bcash. Bcash is the real Bcash.
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ged00u
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October 15, 2016, 03:22:22 PM |
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I think that every single currency is being used for illegal activities and neither bitcoin nor dollar is an exception. And think of dollar, it might be the most "illegal" currency in the world since it seems to be that most of the deep webs transactions use dollar and people keep using dollar. So it's not necessary to be worried about bitcoin being affected by the illegal things have been done with it.
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Antoshka
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October 15, 2016, 03:33:09 PM |
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I think that every single currency is being used for illegal activities and neither bitcoin nor dollar is an exception. And think of dollar, it might be the most "illegal" currency in the world since it seems to be that most of the deep webs transactions use dollar and people keep using dollar. So it's not necessary to be worried about bitcoin being affected by the illegal things have been done with it.
The time will come and the power of any state finds a way to control the first exchange transactions with cryptocurrency and then illegal payment in the criminal world will end. |
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hawkins
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October 15, 2016, 03:44:04 PM |
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Yes. We should accept the fact that Bitcoin is being used for illegal activities. We cannot hide nor stop the possibility because it is used for anything.
Well, you're right. in fact it has always used. I guess after the first bitcoin's price, bitcoin is always used for such activities, but for now the use of bitcoin have been more to the activities of the illegal legal. it may be because of the potential bitcoin already started to be seen by many people. so many people have stopped using it for illegal activities |
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chen miao
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October 15, 2016, 03:49:12 PM |
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Yes it is used in illegal activities using deep web. Also I guess those btc big transaction has been made by those people in deep web. They are using bitcoin mixer to be able hard to find for authority.
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caxandra
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October 15, 2016, 04:47:20 PM |
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Visa, MasterCard, PayPal, and even fiat all serve as opportunities for criminals as well "everything illegal is done using those, right?", but society keeps them around due to their recognized benefit. so using bitcoin on illegal activities will not harm bitcoin that much.
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mrcash02
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October 15, 2016, 04:54:56 PM |
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Surely it is... But any kind of currency is being used for illegal activities also. The problem isn't the coin, it's not the Bitcoin, the problem are the illegal activities. Authorities should stop accuse the Bitcoin and its supporters and send to the jail who is using it to create issues over the world.
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CroIsBest
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October 15, 2016, 05:00:26 PM |
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yea and nobody dont go to stop it because many bitcoin jobs are mafia jobs and big corruption
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mobilestrike
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October 15, 2016, 05:24:58 PM |
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Yes it is used in illegal activities using deep web. Also I guess those btc big transaction has been made by those people in deep web. They are using bitcoin mixer to be able hard to find for authority.
But the amount of people of these types are much lesser there are much lesser criminal people who are using bitcoin for illegal purposes and most of the people who start to use bitcoin often try to join its other ways to earn bitcoin. |
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Vikingr
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October 15, 2016, 05:33:40 PM |
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Yes it is used in illegal activities using deep web. Also I guess those btc big transaction has been made by those people in deep web. They are using bitcoin mixer to be able hard to find for authority.
But the amount of people of these types are much lesser there are much lesser criminal people who are using bitcoin for illegal purposes and most of the people who start to use bitcoin often try to join its other ways to earn bitcoin. With your post I can say that if we will teach everyone the ways of earning bitcoins in good manner then they will not need to go for bad way to earn money and they will not accept to do any wrong for earning money. |
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SONG GEET
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October 15, 2016, 05:34:19 PM |
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yea and nobody dont go to stop it because many bitcoin jobs are mafia jobs and big corruption
I don't think this is true, there are several other uses of bitcoin and bitcoin are also being used for donation, tipping, funding projects, forex trading etc. |
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manyute
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Activity: 76
Merit: 10
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October 15, 2016, 05:34:39 PM |
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Yes, bitoin is used on many illegal activities like buying on the blackmarket sites... Use to buy killer etc..it is widely use in the underground transaction in china.
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vindicare
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October 15, 2016, 06:54:15 PM |
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yes for some because they can mix it up and avoid being detected easily because of the mixing of coin address . Usually people use bitcoin for sending payment buying illegal goods because it cannot track and detect real life information so bitcoin is the best currency for doing that.
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