mirakal
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October 21, 2016, 11:12:21 AM |
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There is more chance of using bitcoin for illegal activities because it's pseudonymous and no one can know who is sending money to whom. I had heard that people are taking more about bitcoin in dark net. Probably people will definitely use bitcoin for doing anonymous activity
yes mate i heard that too, here in my country since btc is not that popular yet those drug dealer taking the advantage of it, but suddenly they been caught by our local police because the transaction that they made has been trace using the local exchange. Definitely it would be change, and our government are very strict now and in my country as well, we are already required to comply by putting our personal information in our accounts for KYC purposes and you cannot transact if you will not comply.
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BitHodler
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October 21, 2016, 11:22:15 AM |
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There is more chance of using bitcoin for illegal activities because it's pseudonymous and no one can know who is sending money to whom. I had heard that people are taking more about bitcoin in dark net. Probably people will definitely use bitcoin for doing anonymous activity
yes mate i heard that too, here in my country since btc is not that popular yet those drug dealer taking the advantage of it, but suddenly they been caught by our local police because the transaction that they made has been trace using the local exchange. Dealers using exchanges to convert or mix their coins aren't that smart as exchanges keep every IP and transaction log for ever. All this information can be used against you, and linked to you in case you have verified your ID in order to make use of that specific exchange. There are plenty of ways to get your coins converted back and forth without using exchanges, but probably they weren't aware of it. Dumb people.
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BSV is not the real Bcash. Bcash is the real Bcash.
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bamboylee
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October 21, 2016, 11:44:43 AM |
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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
Majority of the member in this industry I know they used their bitcoin for legal purposes including myself of course. Even others are doing something which is not good whether they used it for illegal matters it is their free will to decide what there gonna do to their bitcoin. BItcoin is a tool and can be used both ways, legal or illegal. Just like a gun, it can be used to protect people and can also be used to kill people. The government should not ban bitcoin because it is being used illegally. What they should do is to provide laws that will prevent people using bitcoin for bad things without compromising the good things bitcoin can do.
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clickerz
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October 21, 2016, 12:25:36 PM |
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bitcoin is can be used for illegal doings as long it has value its still money. It can buy destructive arms and can pay for hoodlums to do bad things.
Since it is still good as fiat,it depends on holder whether he sued it for good or for illegal. This is also one of the reason why some countries or states are proposing to regulate bitcoin or other digital/cryptocurrencies,that is - to curb the illegal activities online.By regulating,it also like they are going to control on this currencies and possible anonymous transaction could be not possible anymore.
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Open for Campaigns
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danherbias07
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October 21, 2016, 12:51:47 PM |
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No doubt it is being used for many illegal actions. They can freely just send money without being traced. Could also pay up with little by little to avoid being monitored. They wony need bags and travel it to their trading place which will be risky.
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goinmerry
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October 21, 2016, 01:07:29 PM |
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The same as you all who love bitcoin. I hate to admit it but it is true. A lot of organization is making use of it for different kinds of bad things for their own profit. It is sad but we cant do much about it.
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South Park
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October 21, 2016, 02:33:55 PM |
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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.
yeah true what you say that this is not much different from what they are doing well with the fiat as USD or GBP, and so forth, this is a usual phenomenon and we will not be able to stop them for that, because basically everyone has the freedom to using money or their bitcoin I disagree a little bit it’s not the same the amount of trades related to criminal activity is very low compared to the amount of deals done in fiat and the corruption that goes along with it. You mean there are more illegal activities with bitcoins than USD and others ? If so you are wrong friend, because see bitcoins first of all I hope and believe not known to illegal and wrong people. While with USD almost 90% of the world is aware and hence obviously more crime and illegal will happen with USD than with BTC. In fact I meant the complete opposite of that, maybe my writing was not very clear, in fact I’m with you most trades of bitcoin are completely legal the real volume of criminal activity is in fiat.
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m4xp0w3r7
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October 21, 2016, 02:34:53 PM |
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Bitcoins are used for illegal activities for sure there are to many people who think that the bitcoin is very save but there are so many criminals using the bitcoin and the main reason why they are using the bitcoin is only that they cant be traced when they are paying trough the bitcoin
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Altynbekova
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October 21, 2016, 02:37:20 PM |
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Yes it has been used for criminal activities but its not very bad or something due to the fact its very logical that it is done. Every currency has this and due to that we cannot do anything to it also.
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coinsocieties
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October 21, 2016, 02:39:44 PM |
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The same as you all who love bitcoin. I hate to admit it but it is true. A lot of organization is making use of it for different kinds of bad things for their own profit. It is sad but we cant do much about it.
It is a shame that is it is being used for these things, but it is the responsibility of the users to help stop this when we can. There is no government control over bitcoin and if we can police ourselves, then there would be no need to a government agency to step in and try to control it. It is difficult to stop at this time, but it is being done and not giving Bitcoin a good name.
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safari88
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October 21, 2016, 02:41:48 PM |
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Yes it has been used for criminal activities but its not very bad or something due to the fact its very logical that it is done. Every currency has this and due to that we cannot do anything to it also.
Yes every currency can be used for illegal activities. but fiat currency that will not have adverse impact if used as an illegal activity, because everyone is still using and need it. While bitcoin is only digital money with trust of its users, so that if used as an illegal activity, then having a bad impact. bitcoin can lose the confidence of investors.
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just_Alice
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October 21, 2016, 03:05:07 PM |
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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
Sure bitcoin is being used for illegal activities, as long as it is a currency. But I don't think it will ever be prohibited by governments. Illegal activities are not about bitcoin, it's just a simple rule: where there is money, there will always be something illegal and vice versa.
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amacar2
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October 21, 2016, 03:29:07 PM |
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Bitcoin is being used for both legal and illegal items just like other currencies so there is nothing to worry about. However it is true that as bitcoin is untracable as well as more secure to hold than other currency so it is easier way to deal on illegal things.
However nothing can be done to stop this and when bitcoin will be accepted by more and more merchants in future, % of people using bitcoin for illegal items will be comparatively lower than people using it for legal purposes.
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tenk
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October 21, 2016, 03:31:33 PM |
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Thats its one of the uses of money buy ilegal as legal stuffs,thats why there are black market working with fiat and bitcoin,as stated above bitcoin=money soo sure why wouldnt it being used for that kind?Gambling is soo forbiden that Las Vegas has been built for full pleasure,whores and gambling,as they say what happens in Las Vegas stays in Las Vegas.
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randy8777
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October 21, 2016, 03:39:52 PM |
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Bitcoin is being used for both legal and illegal items just like other currencies so there is nothing to worry about. However it is true that as bitcoin is untracable as well as more secure to hold than other currency so it is easier way to deal on illegal things.
However nothing can be done to stop this and when bitcoin will be accepted by more and more merchants in future, % of people using bitcoin for illegal items will be comparatively lower than people using it for legal purposes.
if more and more people will adopt bitcoin in the coming years, then the amount of people using bitcoin for illegal things will also increase. it's not that the number of people using bitcoin for whatever illegal things will decrease with more adoption. it doesn't make any sense.
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thisappointed
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October 21, 2016, 04:00:20 PM |
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Yes, bitcoin is being used in different illegal activities like buying drugs and selling drugs. Last year there was a site called "Silk road" where they were selling different kinds of drugs and other illegal stuffs like guns and so on. Currencies are also being used in different illegal activities because there are no payment that can be made other than these, it's either cryptocurrencies or currencies, these two are the only options because in this world there are no such thing like "100% off". There might be a discount but just a little you are still going to pay though.
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geopolisch
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October 21, 2016, 04:15:32 PM |
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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
To keep it real I do think that bitcoin is being used for some illegal things online but I do not really care about that because I am making use of bitcoin for my self. I am not here to play police man and keep track of those things, there is nothing you can do about it. Neither do I care, but it makes me sad when I hear such things that the currency I love the most is being used for scam and illegal activities. But yes you are right we are neither policemen nor we are doing a anti-corruption campaign so why are we so deeply upset with this.
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SquallLeonhart
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October 21, 2016, 04:20:54 PM |
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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
To keep it real I do think that bitcoin is being used for some illegal things online but I do not really care about that because I am making use of bitcoin for my self. I am not here to play police man and keep track of those things, there is nothing you can do about it. Neither do I care, but it makes me sad when I hear such things that the currency I love the most is being used for scam and illegal activities. But yes you are right we are neither policemen nor we are doing a anti-corruption campaign so why are we so deeply upset with this. I don't' think that we should focus on those people who are using it for illegal activities and even fiat is used for the same reason as no one can stop it as everyone is busy in earning their own money.
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agustina2
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October 21, 2016, 05:17:56 PM |
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I don't' think that we should focus on those people who are using it for illegal activities and even fiat is used for the same reason as no one can stop it as everyone is busy in earning their own money.
And it's not a really a questioned if bitcoin is used for illegal activities since bitcoin has worth. The concern here is how those medias will give some shitty headline about that. That's why I trust people who will not easily believe in those media shits about bitcoin being used in illegal activities.
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prabowo96
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it's showtime
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October 21, 2016, 05:26:33 PM |
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I don't' think that we should focus on those people who are using it for illegal activities and even fiat is used for the same reason as no one can stop it as everyone is busy in earning their own money.
And it's not a really a questioned if bitcoin is used for illegal activities since bitcoin has worth. The concern here is how those medias will give some shitty headline about that. That's why I trust people who will not easily believe in those media shits about bitcoin being used in illegal activities. Every fiat currency or crypto currency was already and are still used to illegal activities, and yes, the media is a joke, they try to said "bitcoin is encouraging people to do ilegal activities" and this kind of media always will give bad reputation to bitcoin.
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