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Author Topic: Is bitcoin being used for illegal activities  (Read 139724 times)
richardsNY
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October 15, 2016, 07:50:48 PM
 #1621

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.

Bitcoin isn't any different from how fiat is being used. It's money, so it does get used for all kinds of things. And yes, also things that are not right. But we know that, and once again, just like fiat is being for illegal things, we can't do anything about it.
South Park
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October 15, 2016, 09:43:51 PM
 #1622

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.
Yes, currency is not some kind of moral thermometer that will not allow you to make a transaction if it is illegal; currency is there to help you make an easier trade whether the trade is legal or illegal.
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October 16, 2016, 06:14:59 AM
 #1623

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
of course bitcoin have been using for many illegal activities since 2010 by many hacker and illegal organization. However, do not worry about that, many bad guys still use FIAT money for illegal job and no one can prevent them. And now people use bitcoin more usually, the government can not ban bitcoin Smiley

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PacePay
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October 16, 2016, 06:27:25 AM
 #1624

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.
yes this is not trie bitcoin is not mostly used for illegal activities whenever it will be approved by the governments and they will start to use it for their country the governments will charge it the same as other currency and it will have the same image as other currency.
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October 16, 2016, 06:56:35 AM
 #1625

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
of course bitcoin have been using for many illegal activities since 2010 by many hacker and illegal organization. However, do not worry about that, many bad guys still use FIAT money for illegal job and no one can prevent them. And now people use bitcoin more usually, the government can not ban bitcoin Smiley

Its been really  used  since it was created because  of its anonymity  and  criminal people would  really like that  because its really hard to trace them  up  with using bitcoin  thats  why its commonly used on  darknet and we should really accept the fact regarding  on this thing and we cant do anything about it.

Mastsetad
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October 16, 2016, 07:07:12 AM
 #1626

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.

Exactly, everything that is related to bitcoin or every currency in the world is used for illegal activities and everyone know that but they don't say anything as they are the things they use as well and the ones who are using them illegally are almost anonymous, and if bitcoin is used to illegal activities it would also not make any difference for us as the ones who are doing it are anonymous as well.
noictib
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October 16, 2016, 09:04:55 AM
 #1627

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.

Exactly, everything that is related to bitcoin or every currency in the world is used for illegal activities and everyone know that but they don't say anything as they are the things they use as well and the ones who are using them illegally are almost anonymous, and if bitcoin is used to illegal activities it would also not make any difference for us as the ones who are doing it are anonymous as well.
yeah, carding is a big example of these . there is always a illegal activities  whether it is any currency . so we should not think that it is a way to make illegal work .
Bitcoin is totally trusted and pure and legit way to make payments .
goldcoinminer
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October 16, 2016, 09:51:33 AM
 #1628

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.

Exactly, everything that is related to bitcoin or every currency in the world is used for illegal activities and everyone know that but they don't say anything as they are the things they use as well and the ones who are using them illegally are almost anonymous, and if bitcoin is used to illegal activities it would also not make any difference for us as the ones who are doing it are anonymous as well.
yeah, carding is a big example of these . there is always a illegal activities  whether it is any currency . so we should not think that it is a way to make illegal work .
Bitcoin is totally trusted and pure and legit way to make payments .
Carding is just an option but people will prefer to do it online using the internet to transact and the system does not care either you will do illegal activities as you can transact as long as you have available bitcoin in your wallet, we cannot prevent illegal transactions but it would help bitcoin to progress.
South Park
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October 16, 2016, 02:50:02 PM
 #1629

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
of course bitcoin have been using for many illegal activities since 2010 by many hacker and illegal organization. However, do not worry about that, many bad guys still use FIAT money for illegal job and no one can prevent them. And now people use bitcoin more usually, the government can not ban bitcoin Smiley

Its been really  used  since it was created because  of its anonymity  and  criminal people would  really like that  because its really hard to trace them  up  with using bitcoin  thats  why its commonly used on  darknet and we should really accept the fact regarding  on this thing and we cant do anything about it.
Mistake, bitcoin is not anonymous is pseudo anonymous, and bitcoins can be easily tracked if you don’t take measures, like using tor and a service that washes coins.
dothebeats
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October 16, 2016, 02:55:36 PM
 #1630

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
of course bitcoin have been using for many illegal activities since 2010 by many hacker and illegal organization. However, do not worry about that, many bad guys still use FIAT money for illegal job and no one can prevent them. And now people use bitcoin more usually, the government can not ban bitcoin Smiley

Its been really  used  since it was created because  of its anonymity  and  criminal people would  really like that  because its really hard to trace them  up  with using bitcoin  thats  why its commonly used on  darknet and we should really accept the fact regarding  on this thing and we cant do anything about it.
Mistake, bitcoin is not anonymous is pseudo anonymous, and bitcoins can be easily tracked if you don’t take measures, like using tor and a service that washes coins.

Or, the cheapest way possible to mix your coins and add a layer of confusion to those who eant to track your spending is to deposit it into an exchange and send the coins there. At least, you won't pay a couple more extra to just blur your coins out of the open.
skyway1
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October 16, 2016, 04:22:31 PM
 #1631

i think using of bitcoin is depend on negative and positive people if someone is negative then they will use bitcoin for negative activity and if someone positive then they will use bitcoin for the positive activity so we can not blame the the bitcoin because bitcoin is normal currency.
serjent05
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October 16, 2016, 04:25:43 PM
 #1632

i think using of bitcoin is depend on negative and positive people if someone is negative then they will use bitcoin for negative activity and if someone positive then they will use bitcoin for the positive activity so we can not blame the the bitcoin because bitcoin is normal currency.

Yes if people activity that is involved with bitcoin is illegal then bitcoin will be used in illegal activities.  And when people who use bitcoin are in legal actions, these people will avoid using it in illegal activities because they don't want to be sanctioned by the government. As we know Bitcoin as a currency, it can and will be used at medium to conduct people activity, whether it is legal or illegal

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October 16, 2016, 06:10:01 PM
 #1633

It is neither legal nor illegal. It is the so-called gray zone. You can't be 100% sure who and what. And yes there are many who use it in illegal actions. But because they do not belong to anyone, and can't set a law that defines it as illegal or not, is still unknown whether it is eventually or not.
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October 16, 2016, 06:15:16 PM
 #1634

It is neither legal nor illegal. It is the so-called gray zone. You can't be 100% sure who and what. And yes there are many who use it in illegal actions. But because they do not belong to anyone, and can't set a law that defines it as illegal or not, is still unknown whether it is eventually or not.

I think bitcoin is still consider it as legal.. we are just hear that many people are investing in bitcoin because they can buy drugs.. or illegal items in darkweb.. they choosen bitcoin because dont need to verify their account and you can use bitcoin easily.. for any transaction their made..

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October 16, 2016, 06:19:03 PM
 #1635

It doesn't matter if you use  dollars or bitcoins to buy drugs, i agree with this one but you can't deny the fact that bitcoin made drug dealers' job much easier. That's the thing which worries people.
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October 16, 2016, 06:21:19 PM
 #1636

It is neither legal nor illegal. It is the so-called gray zone. You can't be 100% sure who and what. And yes there are many who use it in illegal actions. But because they do not belong to anyone, and can't set a law that defines it as illegal or not, is still unknown whether it is eventually or not.

I think bitcoin is still consider it as legal.. we are just hear that many people are investing in bitcoin because they can buy drugs.. or illegal items in darkweb.. they choosen bitcoin because dont need to verify their account and you can use bitcoin easily.. for any transaction their made..
Its is a currency. Currency is used for all purposes. It can used for either legal or illegal. It depends on the person and the action is taking place. Though one knows it is illegal, they move forward to complete their tasks with currency. Bitcoin is a currency. We can have a control on it only when one decides not to get into illegal act with currency.
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October 16, 2016, 06:27:12 PM
 #1637

If fiat is being used into some shady activities, so does bitcoin. Bitcoin is being used into some underground shady activities like dark web activities such as buying drugs, illegal firearms and whatnot. Though the volume of illegal activities in bitcoin is low, still it is a red flag.
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October 16, 2016, 06:38:12 PM
 #1638

i think using of bitcoin is depend on negative and positive people if someone is negative then they will use bitcoin for negative activity and if someone positive then they will use bitcoin for the positive activity so we can not blame the the bitcoin because bitcoin is normal currency.

Yes if people activity that is involved with bitcoin is illegal then bitcoin will be used in illegal activities.  And when people who use bitcoin are in legal actions, these people will avoid using it in illegal activities because they don't want to be sanctioned by the government. As we know Bitcoin as a currency, it can and will be used at medium to conduct people activity, whether it is legal or illegal
I don't agree with you if bitcoin monitored under the law sooner or later all will definitely leave bitcoin slowly, until today bitcoin could survive because there is illegal activity.

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October 16, 2016, 06:46:50 PM
 #1639

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 my opinion it's not the fault of bitcoin but of the criminals using it.
hopefully a large number of people who use bitcoin for a good deed than for illegal activities.
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October 16, 2016, 06:51:52 PM
 #1640

Wish not to use BTC for illegal activities. Lot other things can be done. BTC and its wallets can be used for legal activities. Lets aim for it. BTC can be used for legal and illegal actives. Lets utilize bitcoins only for good purposes. As bitcoins was created to benefit all and lets bring more fame and name to bitcoins and its founders.
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