Is bitcoin being used for illegal activities

[buddu]

This is understandable thing that Bitcoin is being used for illegal activities without any doubt. The real question is only Bitcoin is being used or everything else like fiat money and previous metals even real estates are being used as well or not. The answer is everything which will be useful will have its usage for good and bad purposes without any difference.

[David Walters]

Everything can be used for evil, so of course bitcoin is not excluded. Obviously there were a bunch of illegal transactions every day, just like every currency.. Ignorant people blame bitcoin.

[Qunenin]

Bitcoin is definitely being used for illegal activities, but hey, united states dollars and great britain pounds are also being used for illegal activites! And they are currency produced by the government. So are you going to blame the government for facilitating these illegal trades because they are printing the currency? Definitely not!

There's no difference between the fiat and bitcoin because that two can be used in illegal activities and if people are concluding that bitcoin is mostly use for illegal activities but how do you rate fiat since fiat users are 99% of the total world population and that makes a statement that all can be use for illegal activities and fiat are mostly used than bitcoin.

But it depend on us how we use the bitcoin or fiat currency in illegal ways or legal ways, Actually we can't blame to bitcoin that we are using it in wrong way, but he is right, we can use bitcoin easily in illegal activities. But in my point of view, both crypto and fiat currency have same using for illegal, because who know to use the bitcoin for illegal activities than definitely they know to use the fiat currency in illegal ways. 

[Factmine]

It will all boil down to informing the public how bitcoin can be used. Everything can be used for evil, even paper money we all trust and love. It's just that the world is not yet ready for a currency that is decentralized and fully electronic. Learning Bitcoin can be daunting to a first timer. This is another reason why Bitcoin has not yet gained enough popularity for it to be used in everyday life.

[Caladonian]

It will all boil down to informing the public how bitcoin can be used. Everything can be used for evil, even paper money we all trust and love. It's just that the world is not yet ready for a currency that is decentralized and fully electronic. Learning Bitcoin can be daunting to a first timer. This is another reason why Bitcoin has not yet gained enough popularity for it to be used in everyday life.

and we needed to make more transaction in order to make it more popular whatever uses it can be it is still the good part of it should we
consider, bitcoin is a currency that will be more and more popular in coming years after people realize how it will work for them.

[betohell]

It will all boil down to informing the public how bitcoin can be used. Everything can be used for evil, even paper money we all trust and love. It's just that the world is not yet ready for a currency that is decentralized and fully electronic. Learning Bitcoin can be daunting to a first timer. This is another reason why Bitcoin has not yet gained enough popularity for it to be used in everyday life.

yeah everyone can do illegal things using various methods, but being special of bitcoin is anonymous of bitcoin itself, so it bitcoin made more secure for illegal activities ?

[BillyBobZorton]

I remember a speech by Andreas Antonopoulos where he said that if a currency is not use for drugs and prostitution then it's simply not a currency, this always applies to every currency ever invented and it's pretty much the truth. So if it's not used for illegal activities, it's not a currency.

[Rinder]

I remember a speech by Andreas Antonopoulos where he said that if a currency is not use for drugs and prostitution then it's simply not a currency, this always applies to every currency ever invented and it's pretty much the truth. So if it's not used for illegal activities, it's not a currency.

Well there is some sense at those statement of drugs and prostitution, the same way fiat is used to those bitcoin can be used as well, i dont see why bitcoin wouldnt be used for good or bad websites its a currency even while not be recognized.

[South Park]

Of course, Bitcoin is a currency, Therefore it's being used for illegal activity and that's a given, even USD is being used for illegal activity as well as any currency in the world... The fault is on the one using it for illegal activity not the currency.

Correct the currency does not have some kind of magical power in order to determine if the trade it’s being used is legal or illegal so it’s the responsibility of the user.

[dbstmddhks]

Bad things are going on blockchain ..

[SvenBomvolen]

I remember a speech by Andreas Antonopoulos where he said that if a currency is not use for drugs and prostitution then it's simply not a currency, this always applies to every currency ever invented and it's pretty much the truth. So if it's not used for illegal activities, it's not a currency.

   I didn`t hear for this speech, all I can say that this is the truth. Every currency is being constantly used in history and present time for good and bad things, only difference that laws and culture is not same everywhere.
   If people don`t use bitcoin for all sorts of payments, including drugs and sex, and other illegal activities then it doesn`t have a chance to be real currency one day, used by everyone in this world.

[Yakamoto]

Of course, Bitcoin is a currency, Therefore it's being used for illegal activity and that's a given, even USD is being used for illegal activity as well as any currency in the world... The fault is on the one using it for illegal activity not the currency.

Correct the currency does not have some kind of magical power in order to determine if the trade it’s being used is legal or illegal so it’s the responsibility of the user.

Yes it depends on the user on how he is going to use bitcoin, for good or for bad things. Since many people are already into bitcoins. We can't deny the fact that it is being used for different illegal activities. Since bitcoin is anonymous, the people who are doing that are taking advantage for using it since their information are not included per transaction.

Everything comes down to the intent of the user. Users of Bitcoin, silver, gold, US Dollars, whatever it may be, can be using their medium of choice to do legal or illegal activities with it. Nothing really stops them from doing it, the law only stops them when they get caught. That's it. If there is a will there is a way.

[madwica]

Of course, Bitcoin is a currency, Therefore it's being used for illegal activity and that's a given, even USD is being used for illegal activity as well as any currency in the world... The fault is on the one using it for illegal activity not the currency.

Correct the currency does not have some kind of magical power in order to determine if the trade it’s being used is legal or illegal so it’s the responsibility of the user.

Yes it depends on the user on how he is going to use bitcoin, for good or for bad things. Since many people are already into bitcoins. We can't deny the fact that it is being used for different illegal activities. Since bitcoin is anonymous, the people who are doing that are taking advantage for using it since their information are not included per transaction.

Everything comes down to the intent of the user. Users of Bitcoin, silver, gold, US Dollars, whatever it may be, can be using their medium of choice to do legal or illegal activities with it. Nothing really stops them from doing it, the law only stops them when they get caught. That's it. If there is a will there is a way.

Agree that it is always depend on the users if they want to use it in illegal we can not please them not to do because we are all have freedom to used bitcoin what ever where we want to used it.

[lEgEndArIUs]

Yes. If you did not watched Deepweb, you will not know that bitcoins were used in deepweb transactions, mostly drugs, human trafficking, child porn, gore, torture videos, beastiality, human experiments, sniper for hire and so many more that you can do also with fiat currency.

[croutonhexagon]

Of course bitcoin is used for illegal activities because of its pseudonymous characteristic. Because when we send bitcoin no one will come to argue that why we had send such a huge amount of money what what purpose we had sent the money. But if it was with bank account then they would restrict sending of huge amount. And also here transaction feees is too low that makes the usage of bitcoin in illegal activities.

[genos]

Of course bitcoin is used for illegal activities because of its pseudonymous characteristic. Because when we send bitcoin no one will come to argue that why we had send such a huge amount of money what what purpose we had sent the money. But if it was with bank account then they would restrict sending of huge amount. And also here transaction feees is too low that makes the usage of bitcoin in illegal activities.

No one can easily trace bitcoin transaction, even goverment or their police. Use bitcoin in illegal transaction like buy drugs, money loundry or any cyber crime is bad for bitcoin image. Although it is not bitcoin fault but it will affect of mass perspectif.

[Invulner]

Of course bitcoin is used for illegal activities because of its pseudonymous characteristic. Because when we send bitcoin no one will come to argue that why we had send such a huge amount of money what what purpose we had sent the money. But if it was with bank account then they would restrict sending of huge amount. And also here transaction feees is too low that makes the usage of bitcoin in illegal activities.

No one can easily trace bitcoin transaction, even goverment or their police. Use bitcoin in illegal transaction like buy drugs, money loundry or any cyber crime is bad for bitcoin image. Although it is not bitcoin fault but it will affect of mass perspectif.

Well, although bitcoin isn't easily traced it still can be traced. If you use a bitcoin mixer, however, it will improve the anonymity of your coins. I think so too that the bitcoin image is being screwed over by those illegal activities. But there is seriously nothing we can do about it.

[Factmine]

It will all boil down to informing the public how bitcoin can be used. Everything can be used for evil, even paper money we all trust and love. It's just that the world is not yet ready for a currency that is decentralized and fully electronic. Learning Bitcoin can be daunting to a first timer. This is another reason why Bitcoin has not yet gained enough popularity for it to be used in everyday life.

yeah everyone can do illegal things using various methods, but being special of bitcoin is anonymous of bitcoin itself, so it bitcoin made more secure for illegal activities ?

Yes, that's true. Because anonymity is one of the features of Bitcoin that brought its great popularity into the darknet. But, money can also be anonymous. It's just how it is used by people who buy illegal or bad things.

[buyinbtc]

People use bitcoins for what they want, booth legal and illegal stuff, but also people use normal money for illegal things to, so we can't blame bitcoins for that

[goldcoinminer]

People use bitcoins for what they want, booth legal and illegal stuff, but also people use normal money for illegal things to, so we can't blame bitcoins for that

Smart people uses bitcoin because it cannot be trace since we are preserving our privacy here and we can do whatever we want with our bitcoin. As long as we spend regardless of the way we do it, what is important is we were able to help the economy of bitcoin progress. It will create the demand and will make bitcoin great.