Is bitcoin being used for illegal activities

[Adbitco]

One should not forget the fact that bitcoin like dollar is also a form of money and money can be used and abused so the question if bitcoin can be used for illegal purposes is a foolish question.

[rosablu]

Anything can be used for illegal activities.
I think that the main reason why btc has been rejected by society is that there's still much to learn about it and it's easier for them to speak ill of it than to try and deal with it.

[sambaevida]

I too think that these articles are trying to destroy btc reputation.

[South Park]

Yes as every now and then, news come up saying that some hackers or stealers are asking for extortion money in terms of bitcoins as they know that this is non-traceable and that's the biggest harm that is being done to the bitcoin community.

I don’t think the reason hackers ask for bitcoins is the anonymity, the reason is because in bitcoin you cannot reverse payments unlike credit cards, PayPal, and other electronic means of payments.

Yeah you are right. They choose bitcoin because once it is sent to you. It can never be reversed. Plus, the fact that it is a crypto-currency. They can easily hack that since it is online based. Even though the developers put some safety measures to prevent those but the hackers are very good that it can penetrate the security and the restrictions they put. The anonymity is just another factor why hackers choose bitcoin and not credit or debit cards because there is a chance they can be caught when withdrawing in banks or ATM's when they hacked Cards.

You bring good points and I agree with them, bitcoins offers a lot more than irreversible payments, I think they also use bitcoin because your wallet cannot be frozen unlike other payment methods so they can withdraw their bitcoins at their leisure.

[ged00u]

Anything can be used for illegal activities.
I think that the main reason why btc has been rejected by society is that there's still much to learn about it and it's easier for them to speak ill of it than to try and deal with it.

I agree with you. Fiat has been used for many illegal activities for over centuries and no one actually wants to reject it. As long as bitcoin keep developing, no one can ban it or even ignore it.

[mastica]

Have and make any transaction with bitcoin requires more attention at the details, as well the person wich you might be dealing, always search for feedbacks, recent feedbacks, the fact it has no way to recovery make it being a problem for the most, but an amazing for those which do pretend to scam others, but the same thing happens with fiat dont be blind.

[requester]

Yes bitcoin is used for illegal activities because it is pseudonymous because no one can track who is sending bitcoin to whom other people could only know that bitcoin is sent from one bitcoin address to other but no one could even know that actually who is sending to whom this makes bitcoin most used for illegal activities and government and rising up to ban bitcoin got such activities.

[Juggy777]

Dude this question is like will the sun rise after the night, or will it rain from the cloud. It's a currency it can be used for right and wrong purposes, depends on the user. On top of it this Is unregulated, so sadly it could be used for the illegal purposes.

[Caladonian]

Yes bitcoin is used for illegal activities because it is pseudonymous because no one can track who is sending bitcoin to whom other people could only know that bitcoin is sent from one bitcoin address to other but no one could even know that actually who is sending to whom this makes bitcoin most used for illegal activities and government and rising up to ban bitcoin got such activities.

that's the reality there government after knowing that bitcoin can be used by most people if they knew that they can use it anonymously will take advantage from it since because its also a currency it is much easier to get the value and performed the deal without any worried being caught right away.

[Victorycoin]

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

there are many bad news in press over terrorists organizations using bitcoin for illegal purposes.. they can make it happen with real money. i think it was made it for giving bitcoin a bad name..

Is it now also possible to procure arms and ammunition using bitcoin or an exchange must take place somewhere? Well at the point of exchange, if the authorities are serious, they can get all the information they need. The truth be told, government's problem with bitcoin goes beyond terrorism and money laundering, actually there's nothing new about that. Their dilemma with bitcoin simply is that bitcoin returned stolen and confiscated power back to the true owners - the people!

[victoryboy]

Bitcoin has no exception like fiat money or anything else which is valuable and can be traded for sure is being used for legal and illegal activities. Those guys always are one step ahead to embrace such payment method to perform their actions. Bitcoin where has good uses same time is being used for bad purposes as well and there is nothing unusual or strange as I mentioned above.

[Shenzou]

just like any currency bitcoin is used for illegal activities but it is better for the pepole who are doing these activities since they don't have to make any interactions with the buyer since it is totally anonymous

[BlackPanda]

just like any currency bitcoin is used for illegal activities but it is better for the pepole who are doing these activities since they don't have to make any interactions with the buyer since it is totally anonymous

yes absolutely right. bitcoin has an online system so easy to do it anytime and anywhere. anonymouse nature of bitcoin will certainly help the movement of the people who are not responsible. This is the negative side that dulit eliminated.

[KaliLinux]

As its a currency, it depends upon the user. It can be used for legal and illegal purposes. Fiats can be converted into bitcoins and kept safe. No tax, no service charges. Just a security system is required. Though we have lot good things to be done with bitcoins, illegal activities occur at times.

[Abbybenson]

Bitcoins are used for every kind of thing and yes off course there are also people who are not doing good things with the bitcoin so they use them for illegal shit. But i think that most of the bitcoin users are legal.

[MTBTT]

Anything can be used for illegal activities.
I think that the main reason why btc has been rejected by society is that there's still much to learn about it and it's easier for them to speak ill of it than to try and deal with it.

I agree with you. Fiat has been you for many illegal activities for over centuries and no one actually wants to reject it. As long as bitcoin keep developing, no one can ban it or even ignore it.

I think all the currency that has the price will always be used for any illegal transaction currency, if that is possible may be used, including the bitcoin ?

[rinhunter]

Anything can be used for illegal activities.
I think that the main reason why btc has been rejected by society is that there's still much to learn about it and it's easier for them to speak ill of it than to try and deal with it.

I agree with you. Fiat has been you for many illegal activities for over centuries and no one actually wants to reject it. As long as bitcoin keep developing, no one can ban it or even ignore it.

I think all the currency that has the price will always be used for any illegal transaction currency, if that is possible may be used, including the bitcoin ?

Bitcoin was already used for illegal activities from the start because is hard to track transaction, but not only that, many peoples using bitcoin because easier and cheap fee transaction than bank, so bitcoin can be used for everything even for illegal transaction.

[genos]

Anything can be used for illegal activities.
I think that the main reason why btc has been rejected by society is that there's still much to learn about it and it's easier for them to speak ill of it than to try and deal with it.

I agree with you. Fiat has been you for many illegal activities for over centuries and no one actually wants to reject it. As long as bitcoin keep developing, no one can ban it or even ignore it.

I think all the currency that has the price will always be used for any illegal transaction currency, if that is possible may be used, including the bitcoin ?

Bitcoin was already used for illegal activities from the start because is hard to track transaction, but not only that, many peoples using bitcoin because easier and cheap fee transaction than bank, so bitcoin can be used for everything even for illegal transaction.

Although bitcoin was already used for illegal actvities, but bitcoin was used for good thing too. Fiat and bitcoin is the same, both are currency. The users are determine what their currency for. We do not have to concern with illegal or legal but we better concern in bitcoin dissemination.

[tabas]

Bitcoins are used for every kind of thing and yes off course there are also people who are not doing good things with the bitcoin so they use them for illegal shit. But i think that most of the bitcoin users are legal.

We can't identify if the person we are talking here are the ones who are using bitcoin for good or illegal activities. And there is no doubt that bitcoin was being used in illegal activities, because many people in the dark web are using bitcoin for their illegal transactions. So that's for real that bitcoin was being used for illegal activities whether it is in dark marketplaces or not.

[coynedterm]

in my opinion if any person want to do illegal activity then he can make use of everything ( fiat or virtual money or gold also ).
so we can't say it is a type of things which increases the illegal activities .