Is bitcoin being used for illegal activities

[Zadicar]

Yes it is indeed being used for illegal activities. The main reason? Provides no way to trace the person apparently. Yet, it is even easier to find some Bitcoin criminal than someone selling drugs and receiving notes.

yeah people know that using bitcoin then people will not know the intent of your transaction, then it is very likely that bitcoin is used for illegal activities

Yeah, but on a side note...If bitcoin is banned or illegal in your country, any transaction you will do will be illegal as long as it involves bitcoin right? Eventhough your aim or purpose is legal or lawful.

Banning  bitcoin  is  the common way to stop these transaction but  it  cant really stop the  illegal  activities   because   transaction would  happen  underground and as we all know   transactions  could be hard to  trace  up because of  anonymity of   bitcoin thats  why  its still  useless to ban it for sure.

[Caladonian]

Yes it is indeed being used for illegal activities. The main reason? Provides no way to trace the person apparently. Yet, it is even easier to find some Bitcoin criminal than someone selling drugs and receiving notes.

Agreed, through bitcoin illegal activities can be done without revealing the identity as mentioned by the above mate. Also through darknet places one can get services that were not available for fiat or any other currency.

that's the good use of it there's products and services that can't be bought using a local fiat and only accept btc for sure those people who transact illegally doesn't wants to reveal their self that's why btc is very useful for them.

[YuginKadoya]

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 really think that your thread really meant nothing because bitcoin is a currency and just like other currency like dollar or other fiat money that are mostly involve in illegal transaction and can be involve in some illegal organization bitcoin is just the same if apply to some illegal activities that is why it is really common sense on what would people do with their bitcoin.

As long it has a value  it would surely  being  used   on  illegal services and  transaction. as  you said   its up to people  decision on how they gonna handle this  things and  how they would  use  up their  money. Bitcoin is  being used  for sure on  illegal things because of  its anonymity feature.

Yup! and that secure feature often times being used by people who's been illegally making transaction with bitcoin and I guess that is why the government wants their hands on controlling bitcoin so they could use it for themselves and I think there are other people that are imitating bitcoin that is why there are other coins out there.

[uname]

Yes it is indeed being used for illegal activities. The main reason? Provides no way to trace the person apparently. Yet, it is even easier to find some Bitcoin criminal than someone selling drugs and receiving notes.

yeah people know that using bitcoin then people will not know the intent of your transaction, then it is very likely that bitcoin is used for illegal activities

Yeah, but on a side note...If bitcoin is banned or illegal in your country, any transaction you will do will be illegal as long as it involves bitcoin right? Eventhough your aim or purpose is legal or lawful.

I think in some countries bitcoin prohibited. does not mean they are doing anything illegal. #imo
if you do a drug transaction with bitcoin might be said that illegal? because all countries prohibit it

[1Referee]

but on a side note...If bitcoin is banned or illegal in your country, any transaction you will do will be illegal as long as it involves bitcoin right? Eventhough your aim or purpose is legal or lawful.

That's right. If the government in your country issues a total Bitcoin ban for whatever entity, then the purpose of using Bitcoin doesn't necessarily makes a difference since you are using Bitcoin even though you know it's prohibited to do so. That's something they can punish you for. But if they know you bought drugs or weapons, then it makes things far more severe. The punishment for that will come on top of the punishment for using Bitcoin.

[iamTom123]

but on a side note...If bitcoin is banned or illegal in your country, any transaction you will do will be illegal as long as it involves bitcoin right? Eventhough your aim or purpose is legal or lawful.

That's right. If the government in your country issues a total Bitcoin ban for whatever entity, then the purpose of using Bitcoin doesn't necessarily makes a difference since you are using Bitcoin even though you know it's prohibited to do so. That's something they can punish you for. But if they know you bought drugs or weapons, then it makes things far more severe. The punishment for that will come on top of the punishment for using Bitcoin.

I think I would agree with you. A government whose self-interest is getting into its head can ban the use of Bitcoin of its citizen especially when that government is feeling threatened with the potential of Bitcoin. And this is something we hope not many governments will do.

[jerowacik]

bitcoin now been widely used in various places. use bitcoin was extensive. no one could forbid bitcoin users. especially they can use bitcoin for illegal actions. all depend on themselves respectively in using bitcoin wisely.

[Betwrong]

Yes it is indeed being used for illegal activities. The main reason? Provides no way to trace the person apparently. Yet, it is even easier to find some Bitcoin criminal than someone selling drugs and receiving notes.

yeah people know that using bitcoin then people will not know the intent of your transaction, then it is very likely that bitcoin is used for illegal activities

Yeah, but on a side note...If bitcoin is banned or illegal in your country, any transaction you will do will be illegal as long as it involves bitcoin right? Eventhough your aim or purpose is legal or lawful.

Yeah, depends on the lawyer. Saul would make it easy using Bitcoin without any problems in any country. But seriously making just some transactions is not illegal activity, but the purpose you are making them for, sometimes is.

[Liad.Services]

Yes,Indeed bitcoin is being used for illegal activites.

One of the biggest problem of bitcoin is a lot of people who never used bitcoin are being firstly intreduced to bitcoin by knowing some illeagal activities that were made with bitcoin such as silkroad and purchasing drugs.
Bitcoin will always be the preferred payment method for illegal activities ,because of his anonymous nature that makes it a preferred payment method by people who uses it for illegal activites.
But we should not make it hold us back,there are also a plenty of illegal activies that are being done with fiat and cash which is also pretty anonymous.

[Juggy777]

With trump In power and people planning to leave USA and India banning notes, it's about time that people will shift to Bitcoins, this will soon results in the illegal money being transferred to Bitcoin. This will be used, to buy drugs and arms. Let's hope my assumptions don't turn true or next we see is countries going behind Bitcoins

[Tyrantt]

With trump In power and people planning to leave USA and India banning notes, it's about time that people will shift to Bitcoins, this will soon results in the illegal money being transferred to Bitcoin. This will be used, to buy drugs and arms. Let's hope my assumptions don't turn true or next we see is countries going behind Bitcoins

nah, no one will leave US because he won, but it's funny thing they all want to go to Canada but not Mexico. the wider use of bitcoins will come in time, people need to hear about it and see it's benefits and that wont happen untill more big businesses accept bitcoina s a payment option.

[gufpmvgw3334]

Bitcoin since it appears and after the silk road business were just conected to ilegal activities .the opinion of most people that bitcoin is the one meant for criminals.. this is because of its anonymity and untraceability.. bitcoin has strict terms and conditions policy that prohibits using its service for illegal activities

[goldcoinminer]

Bitcoin since it appears and after the silk road business were just conected to ilegal activities .the opinion of most people that bitcoin is the one meant for criminals.. this is because of its anonymity and untraceability.. bitcoin has strict terms and conditions policy that prohibits using its service for illegal activities

We cannot control what people believe, but if you will base on the output, the price of bitcoin is great and the adoption rate increases as well so I think there is no real problem if people think bitcoin will be use for illegal activities, in fact it gives additional increase in the market circulation.

[croutonhexagon]

I had read various documents stating that bitcoin is widely used in silk road for buying illegal drugs and other items. I had also encountered articles stating that bitcoin had wide range of user in dark net and are commonly using begin for buying weapons and illegal items. I think they adopt bitcoin fit this purpose nectar if it's anonymity and freedom.

[requester]

Obviously bitcoin is widely used for illegal activities. It welcomes criminal to use bitcoin over paper currency because there is no security check of trace left in bitcoin while doing transaction. Bitcoin is almost anonymous transaction people could know only amount but could never know who transferred money to whom. It's always secret so bitcoin is widely used illegal activities

[marleybobthedog]

Most probably bitcoin is used for lot of criminal activities and we could see infront of our eyes 100s of scammers and it is another example of illegal activities. With bitcoin there us more possibility of scam because there is no central node to control the flow of money and there is no specified law and of  course there is no one to control bitcoin so illegal transaction mostly takes place from bitcoin

[richardsNY]

Most probably bitcoin is used for lot of criminal activities and we could see infront of our eyes 100s of scammers and it is another example of illegal activities. With bitcoin there us more possibility of scam because there is no central node to control the flow of money and there is no specified law and of  course there is no one to control bitcoin so illegal transaction mostly takes place from bitcoin

The far majority of the illegal activities happen with fiat in physical form. Nothing in the world comes even close to what harm is being done to people and the world with fiat. Bitcoin isn't even a tiny dot in this case. But as always, Bitcoin receives the blame while fiat is the real bad part in this entire story. It's also the media effect that makes people look bad at Bitcoin. It's a real shame.

[Mastsetad]

bitcoin now been widely used in various places. use bitcoin was extensive. no one could forbid bitcoin users. especially they can use bitcoin for illegal actions. all depend on themselves respectively in using bitcoin wisely.

Exactly, if a city or a country where both legal and illegal activities are done, uses one currency then it is an obvious thing that the currency would be used for illegal things too, that is also the case with bitcoin, it is not made just for the people doing good deeds, it is a free to use currency which anyone can use easily so even if it is used for bad things that should not effect bitcoin at all.

[krishna1]

yes it is being used rather we saybbitcoin is a kind of internet freedom everyone can spend them the way they want no more rules or regulations interfaring our needs or anything but illigal activitys are kind of pritty much i belive they still can get arrested for those acctivitys

[Factmine]

yes it is being used rather we saybbitcoin is a kind of internet freedom everyone can spend them the way they want no more rules or regulations interfaring our needs or anything but illigal activitys are kind of pritty much i belive they still can get arrested for those acctivitys

Right, even if you use bitcoin anonymously you can still be traced if you are not careful or when you try to cash it out. Ultimately, tracing the transactions would lead to you and hence you can get caught if you use Bitcoins for illegal activities.