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Author Topic: Is bitcoin being used for illegal activities  (Read 139723 times)
richardsNY
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October 16, 2016, 06:55:22 PM
 #1641

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.

No matter how many times fiat is being used to finance terrorism, drug transactions, weapons, etc, it's always Bitcoin that receives the blame from the media and thus the people believing everything. I thought it would change after a few years, but looking right now at how the situation is, there are no differences. It's still the same.
martinacar
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October 16, 2016, 09:15:38 PM
 #1642

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.

Well with any kind of currency the currency can be used by good people and people with bad attention, but there is no way you can say the currency itself is at fault. Since it's just a way to use it. Not all people use it for bad things remember that too.
SvenBomvolen
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October 16, 2016, 10:35:59 PM
 #1643

   Is bitcoin being used for illegal activities? It's easy to figure out that Bitcoin is not being used much for such things. I see more and more articles of bitcoin being used for illegal activities, and I ask myself will this hurt bitcoin in the long run?
   Bitcoin is not exception, all currencies are being used for illegal activities. If someone can stop criminals they would do that long time ago. I just pray this rumors to not on bitcoin, and new people that still need to get into crypto world. For them it`s better bitcoin to not have bad reputation.
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October 16, 2016, 11:30:17 PM
 #1644

I'm sure bitcoin is used for illegal activity, but so are other currencies. We know that the US dollar is used all the time for illegal activity. I don't think this should be a reason to stop using it.

 
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MTBTT
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October 16, 2016, 11:35:06 PM
 #1645

I'm sure bitcoin is used for illegal activity, but so are other currencies. We know that the US dollar is used all the time for illegal activity. I don't think this should be a reason to stop using it.
yeah I think we should not be amazed by the fact that all the currencies also has a mafia, as well as bitcoin, they are hidden and they will not show it, so calm down
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October 16, 2016, 11:55:14 PM
 #1646

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.

Well with any kind of currency the currency can be used by good people and people with bad attention, but there is no way you can say the currency itself is at fault. Since it's just a way to use it. Not all people use it for bad things remember that too.

The problem here inst bitcoin or fiat the problem are the people wich does use those currencies for dark purposes, like buy guns, but in the end all people just wanna to get a better life, and those people just dont wanna to work to achieve that, soo they find a spot and invest into it.
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October 17, 2016, 12:04:27 AM
 #1647

Bitcoin originally was used heavily for criminal and terror purposes. Throughout the use of it's development there comes a time when more and more people started using it for the right reasons, thus resulting in chain response similar to the initial phases of the internet.

Now Bitcoin is still used for these uses, however it remains heavily reliant on new people starting fresh with a sane stable fashion to keep the growth coming in. There's quite a bit of crime / terror endusers still remaining, but its only a matter of time before they become raided.

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October 17, 2016, 12:45:16 AM
 #1648

Bitcoin originally was used heavily for criminal and terror purposes. Throughout the use of it's development there comes a time when more and more people started using it for the right reasons, thus resulting in chain response similar to the initial phases of the internet.

Now Bitcoin is still used for these uses, however it remains heavily reliant on new people starting fresh with a sane stable fashion to keep the growth coming in. There's quite a bit of crime / terror endusers still remaining, but its only a matter of time before they become raided.

I thought it was originally used to buy alpaca socks.
madwica
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October 17, 2016, 12:55:30 AM
 #1649

its 100% legal
100% legal is depending on the users, there are users using it for their illegal transaction and we can not stop them to do that since all us here have freedom of what we need to do that is why your 100% is not reliable.
goldcoinminer
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October 17, 2016, 02:31:24 AM
 #1650

its 100% legal
100% legal is depending on the users, there are users using it for their illegal transaction and we can not stop them to do that since all us here have freedom of what we need to do that is why your 100% is not reliable.
What I am after is that the price of bitcoin to increase, and any transaction that would indicate the increase of market circulation would be positive for bitcoin. People can use bitcoin as whatever purpose they want but they have to face the consequences for their illegal actions.
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October 17, 2016, 04:07:28 AM
 #1651

If someone payd bitcoins for something wrong this doesn't mean bitcoin is illegal, it was used illegally.
SmirnoffVany
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October 17, 2016, 09:17:15 PM
 #1652

Bitcoin originally was used heavily for criminal and terror purposes. Throughout the use of it's development there comes a time when more and more people started using it for the right reasons, thus resulting in chain response similar to the initial phases of the internet.

Now Bitcoin is still used for these uses, however it remains heavily reliant on new people starting fresh with a sane stable fashion to keep the growth coming in. There's quite a bit of crime / terror endusers still remaining, but its only a matter of time before they become raided.
This is true, bitcoin is an original opportunity to pay criminal transactions which can not be traced.
20kevin20
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October 17, 2016, 09:19:09 PM
 #1653

No. We've heard this thing a lot of times on the news channels but it's not true. It is used for illegal activities just like USD and EUR is being used. It's not such a big difference between the two, except the fact that people would obviously prefer doing these kinds of transactions through anonymous methods than through cash.
elena-tur
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October 17, 2016, 09:48:21 PM
 #1654

No. We've heard this thing a lot of times on the news channels but it's not true. It is used for illegal activities just like USD and EUR is being used. It's not such a big difference between the two, except the fact that people would obviously prefer doing these kinds of transactions through anonymous methods than through cash.
For many years, there is the Euro and the dollar generally silent, and these currencies are always featured in the payment of criminal activity. Still, the currency is not even a drop in price. It is really nonsense.
olyaru
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October 17, 2016, 10:13:29 PM
 #1655

If someone payd bitcoins for something wrong this doesn't mean bitcoin is illegal, it was used illegally.
Very good point. Bitcoin can be used for illegal purposes. But what is bad is the fact that they want to control the bitcoin.
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October 17, 2016, 11:28:27 PM
 #1656

Bitcoin originally was used heavily for criminal and terror purposes. Throughout the use of it's development there comes a time when more and more people started using it for the right reasons, thus resulting in chain response similar to the initial phases of the internet.

Now Bitcoin is still used for these uses, however it remains heavily reliant on new people starting fresh with a sane stable fashion to keep the growth coming in. There's quite a bit of crime / terror endusers still remaining, but its only a matter of time before they become raided.
This is true, bitcoin is an original opportunity to pay criminal transactions which can not be traced.
That's the wrong allocation for the bitcoin purpose, caused by their anonymity are make an easier for making the illegal transaction for the illegal activities in our community.... I just think really having a big chance for bitcoin are be used for various illegal activities.

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October 17, 2016, 11:33:52 PM
 #1657

There is no exception what it comes to talk about criminal activities regardless of Bitcoin of Fiat money.Bad boys are used to find ways to fulfill their needs and they will use every possible method to do so.It seems that Bitcoin is being used just for criminal activities by the title which is not correct.
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October 18, 2016, 08:10:38 AM
 #1658

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 do think that bitcoin is being used in illegal ways by some people but I do not pay any attention to that because I am doing my own thing and that is the right thing.
You cannot really do anything about those people and it does not really matter to me.
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October 18, 2016, 08:45:34 AM
 #1659

There is no exception what it comes to talk about criminal activities regardless of Bitcoin of Fiat money.Bad boys are used to find ways to fulfill their needs and they will use every possible method to do so.It seems that Bitcoin is being used just for criminal activities by the title which is not correct.

Yes illegal activities will still be conducted regardless of what payment option they will use whether its bitcoin, fiat money or commodities or maybe they will just swap something to fulfill their obligation to the other party. Bitcoin is somewhat famous being use in illegal activities because of its anonymity which would mean that authorities will have difficulty in tracing the people involve in the transaction and this would be an advantage to the people doing the illegal transactions. Those people also who did not have an idea about bitcoin will just immediately believe what they hear and see in the media that's why bitcoin has such reputation.

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1Referee
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October 18, 2016, 08:55:04 AM
 #1660

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 do think that bitcoin is being used in illegal ways by some people but I do not pay any attention to that because I am doing my own thing and that is the right thing.
You cannot really do anything about those people and it does not really matter to me.

Well said, people should just mind their own business instead of putting their nose into something they don't know much about. It happens with fiat as well, do people get upset about this? No, so why should they when it comes to Bitcoin... People are really funny.
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