Is bitcoin being used for illegal activities

[marketone]

I think many people are using it wisely not for illegal activities by storing themselves for future needs, and some are for trading. There are some people using bitcoin for illegal activities because here we don't have exact identification where we are transferring and what they are buying with this bitcoin, even transaction fee is also very less. I hope only few people are using it for illegal activities.

[madwica]

For me i think it can be use for illegal activities since bitcoin is free to use by all people and we do not have control to all users that they should only used bitcoin in good and avoid illegal activities

[onyek16M]

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

in my opinion yes sometimes by irresponsible person .. but still many usefully from bitcoin

[Mastsetad]

For me i think it can be use for illegal activities since bitcoin is free to use by all people and we do not have control to all users that they should only used bitcoin in good and avoid illegal activities

It is a currency that can be used for both good or bad purposes, now it depends on the will of an individual if how they will use it, they use it for illegal things because they know it wont reveal them at all because it is anonymous or they cannot be traced by anyone if they are using this.

[South Park]

As long as the state does not stop trying to make Bitcoin controlled and users are not forced to pay taxes, then as long Bitcoin is particularly outlawed in some countries. This is sad.

And the fact that bitcoin cannot be controlled by the state then illegal activities will remain and won't be forced to be gone. Because even in fiat money, it is being controlled and produced by the central banks. Still the government is having hard time to fight against those criminals who are using it for their illegal activities, it is by nature that criminals can do everything just for the sake of their illegal activities.

Governments of the world control fiat, tell me have crimes involved fiat disappeared? No, then the government does not have the power to stop crimes committed with bitcoin, at best they can capture people after the fact, but they have no power to prevent it.

[crairezx20]

As long as the state does not stop trying to make Bitcoin controlled and users are not forced to pay taxes, then as long Bitcoin is particularly outlawed in some countries. This is sad.

And the fact that bitcoin cannot be controlled by the state then illegal activities will remain and won't be forced to be gone. Because even in fiat money, it is being controlled and produced by the central banks. Still the government is having hard time to fight against those criminals who are using it for their illegal activities, it is by nature that criminals can do everything just for the sake of their illegal activities.

Governments of the world control fiat, tell me have crimes involved fiat disappeared? No, then the government does not have the power to stop crimes committed with bitcoin, at best they can capture people after the fact, but they have no power to prevent it.

In other words bitcoin and fiat are just the same that there is illegal activities happen control by government or not..
Well for me bitcoin is just a business if you have it.. you can buy and sell it the value of bitcoin is unpredictable
so bitcoin has a value anytime they can use bitcoin as alternative so i think not only bitcoin are uses in darkweb they are also using other payment method like perfect money ..

[Jonar21]

As long as the state does not stop trying to make Bitcoin controlled and users are not forced to pay taxes, then as long Bitcoin is particularly outlawed in some countries. This is sad.

And the fact that bitcoin cannot be controlled by the state then illegal activities will remain and won't be forced to be gone. Because even in fiat money, it is being controlled and produced by the central banks. Still the government is having hard time to fight against those criminals who are using it for their illegal activities, it is by nature that criminals can do everything just for the sake of their illegal activities.

Governments of the world control fiat, tell me have crimes involved fiat disappeared? No, then the government does not have the power to stop crimes committed with bitcoin, at best they can capture people after the fact, but they have no power to prevent it.

In other words bitcoin and fiat are just the same that there is illegal activities happen control by government or not..
Well for me bitcoin is just a business if you have it.. you can buy and sell it the value of bitcoin is unpredictable
so bitcoin has a value anytime they can use bitcoin as alternative so i think not only bitcoin are uses in darkweb they are also using other payment method like perfect money ..

Perhaps in the future will seem new prospects for Bitcoin, especially if all transactions are legitimate.

[btc-facebook]

My goverment forbid bitcoin usage because it can be use for money laundry  ( advantage for terorism activity )
So it has small chance for my goverment for bitcoin usage as the result bitcoin popularity can't grow like EU zone

[bikbik2]

My goverment forbid bitcoin usage because it can be use for money laundry  ( advantage for terorism activity )
So it has small chance for my goverment for bitcoin usage as the result bitcoin popularity can't grow like EU zone

In the first place there are questions of illegal operations so we are still faced with this issue many times. Bitcoin is technically still not anonymous and aliases, and based on that I think control is still possible despite the fact that instead of the data of the person only uses the address.

[richardsNY]

My goverment forbid bitcoin usage because it can be use for money laundry  ( advantage for terorism activity )
So it has small chance for my goverment for bitcoin usage as the result bitcoin popularity can't grow like EU zone

It depends on exactly what kind of ban your government has imposed on Bitcoin usage. May I know what country you are from? Other than that, it basically doesn't matter for criminals whether or not the government have banned Bitcoin. They will use it either way as they can simply convert their coins to fiat back and forth via other countries.

[OrangeII]

My goverment forbid bitcoin usage because it can be use for money laundry  ( advantage for terorism activity )
So it has small chance for my goverment for bitcoin usage as the result bitcoin popularity can't grow like EU zone

is a lot of negative things from bitcoin, and it is usually used for anything illegal. however, I think that the benefits bitcoin is still more than the negative side. yeah, but it all depends on the thinking of each person. so, there are still so many use bitcoin illegally until today

[Mirconome]

As long as the state does not stop trying to make Bitcoin controlled and users are not forced to pay taxes, then as long Bitcoin is particularly outlawed in some countries. This is sad.

And the fact that bitcoin cannot be controlled by the state then illegal activities will remain and won't be forced to be gone. Because even in fiat money, it is being controlled and produced by the central banks. Still the government is having hard time to fight against those criminals who are using it for their illegal activities, it is by nature that criminals can do everything just for the sake of their illegal activities.

Governments of the world control fiat, tell me have crimes involved fiat disappeared? No, then the government does not have the power to stop crimes committed with bitcoin, at best they can capture people after the fact, but they have no power to prevent it.

In other words bitcoin and fiat are just the same that there is illegal activities happen control by government or not..
Well for me bitcoin is just a business if you have it.. you can buy and sell it the value of bitcoin is unpredictable
so bitcoin has a value anytime they can use bitcoin as alternative so i think not only bitcoin are uses in darkweb they are also using other payment method like perfect money ..

Perhaps in the future will seem new prospects for Bitcoin, especially if all transactions are legitimate.

If Bitcoin is strongly related to drugs, weapons, and other criminal bids, this benefit will not go, but instead provide a lot of problems.

[batang_bitcoin]

As long as the state does not stop trying to make Bitcoin controlled and users are not forced to pay taxes, then as long Bitcoin is particularly outlawed in some countries. This is sad.

And the fact that bitcoin cannot be controlled by the state then illegal activities will remain and won't be forced to be gone. Because even in fiat money, it is being controlled and produced by the central banks. Still the government is having hard time to fight against those criminals who are using it for their illegal activities, it is by nature that criminals can do everything just for the sake of their illegal activities.

Governments of the world control fiat, tell me have crimes involved fiat disappeared? No, then the government does not have the power to stop crimes committed with bitcoin, at best they can capture people after the fact, but they have no power to prevent it.

In other words bitcoin and fiat are just the same that there is illegal activities happen control by government or not..
Well for me bitcoin is just a business if you have it.. you can buy and sell it the value of bitcoin is unpredictable
so bitcoin has a value anytime they can use bitcoin as alternative so i think not only bitcoin are uses in darkweb they are also using other payment method like perfect money ..

Perhaps in the future will seem new prospects for Bitcoin, especially if all transactions are legitimate.

If Bitcoin is strongly related to drugs, weapons, and other criminal bids, this benefit will not go, but instead provide a lot of problems.

What do you think about fiat money? Dollars? or your local currency? Aren't they related to those things that you have mentioned? Criminals are even wiser now and since bitcoin has value of dollars then it will be used for their activities and because of its transactions that doesn't require too much information, it will be abused by them.

[x4]

As long as the state does not stop trying to make Bitcoin controlled and users are not forced to pay taxes, then as long Bitcoin is particularly outlawed in some countries. This is sad.

And the fact that bitcoin cannot be controlled by the state then illegal activities will remain and won't be forced to be gone. Because even in fiat money, it is being controlled and produced by the central banks. Still the government is having hard time to fight against those criminals who are using it for their illegal activities, it is by nature that criminals can do everything just for the sake of their illegal activities.

Governments of the world control fiat, tell me have crimes involved fiat disappeared? No, then the government does not have the power to stop crimes committed with bitcoin, at best they can capture people after the fact, but they have no power to prevent it.

In other words bitcoin and fiat are just the same that there is illegal activities happen control by government or not..
Well for me bitcoin is just a business if you have it.. you can buy and sell it the value of bitcoin is unpredictable
so bitcoin has a value anytime they can use bitcoin as alternative so i think not only bitcoin are uses in darkweb they are also using other payment method like perfect money ..

Perhaps in the future will seem new prospects for Bitcoin, especially if all transactions are legitimate.

If Bitcoin is strongly related to drugs, weapons, and other criminal bids, this benefit will not go, but instead provide a lot of problems.

Bitcoin is not strongly related to illegal trades IMO. Its like and just that many people abused this advantages of bitcoin. And  you can't pin point that only bitcoin can do this, because all currency can be used to buy and be invlove in illegal trades as long it's valuable like money did.

[warwar]

As long as the state does not stop trying to make Bitcoin controlled and users are not forced to pay taxes, then as long Bitcoin is particularly outlawed in some countries. This is sad.

And the fact that bitcoin cannot be controlled by the state then illegal activities will remain and won't be forced to be gone. Because even in fiat money, it is being controlled and produced by the central banks. Still the government is having hard time to fight against those criminals who are using it for their illegal activities, it is by nature that criminals can do everything just for the sake of their illegal activities.

Governments of the world control fiat, tell me have crimes involved fiat disappeared? No, then the government does not have the power to stop crimes committed with bitcoin, at best they can capture people after the fact, but they have no power to prevent it.

In other words bitcoin and fiat are just the same that there is illegal activities happen control by government or not..
Well for me bitcoin is just a business if you have it.. you can buy and sell it the value of bitcoin is unpredictable
so bitcoin has a value anytime they can use bitcoin as alternative so i think not only bitcoin are uses in darkweb they are also using other payment method like perfect money ..

Perhaps in the future will seem new prospects for Bitcoin, especially if all transactions are legitimate.

If Bitcoin is strongly related to drugs, weapons, and other criminal bids, this benefit will not go, but instead provide a lot of problems.

Bitcoin is not strongly related to illegal trades IMO. Its like and just that many people abused this advantages of bitcoin. And  you can't pin point that only bitcoin can do this, because all currency can be used to buy and be invlove in illegal trades as long it's valuable like money did.

you are right . All of the valuable things like money which bitcoin is also money is involved to the illegal activities we cant say that bitcoin is not used in that kind of activity because first is we know that payment or transactions in bitcoin is really easy and fast thats why itis pretty easy access on the dark activities

[Doms]

My goverment forbid bitcoin usage because it can be use for money laundry  ( advantage for terorism activity )
So it has small chance for my goverment for bitcoin usage as the result bitcoin popularity can't grow like EU zone

is a lot of negative things from bitcoin, and it is usually used for anything illegal. however, I think that the benefits bitcoin is still more than the negative side. yeah, but it all depends on the thinking of each person. so, there are still so many use bitcoin illegally until today

There will always be people who will find ways to buy things that are considered illegal. They can use whatever is at their disposal, and in some cases, bitcoin is the currency that best suits their needs. For what its worth, bitcoin is just another tool, and I will just use it in the best way I know how.

[Gifted]

Bitcoin, the Internet currency beloved by computer scientists, libertarians, and criminals, is no longer invulnerable. As recently as 3 years ago, it seemed that anyone could buy or sell anything with Bitcoin and never be tracked, let alone busted if they broke the law. “It’s totally anonymous,” was how one commenter put it in Bitcoin's forums in June 2013. “The FBI does not have a prayer of a chance of finding out who is who.”


The Federal Bureau of Investigation (FBI) and other law enforcement begged to differ. Ross Ulbricht, the 31-year-old American who created Silk Road, a Bitcoin market facilitating the sale of $1 billion in illegal drugs, was sentenced to life in prison in February 2015. In March, the assets of 28-year-old Czech national Tomáš Jiříkovský were seized; he’s suspected of laundering $40 million in stolen Bitcoins. Two more fell in September 2015: 33-year-old American Trendon Shavers pleaded guilty to running a $150 million Ponzi scheme—the first Bitcoin securities fraud case—and 30-year-old Frenchman Mark Karpelès was arrested and charged with fraud and embezzlement of $390 million from the now shuttered Bitcoin currency exchange Mt. Gox.


The majority of Bitcoin users are law-abiding people motivated by privacy concerns or just curiosity. But Bitcoin’s anonymity is also a powerful tool for financing crime: The virtual money can keep shady transactions secret. The paradox of cryptocurrency is that its associated data create a forensic trail that can suddenly make your entire financial history public information.

[StarofBTC]

i think we can not use bitcoin for illegal activity because bitcoin is very modern currency and there is modern people who are using bitcoin just for legal activity and we can use bitcoin for online and no one can selling their illegal product for bitcoin.

Sure? bitcoin as mentioned so many times in here, it is money, and therefore can be used in any transaction, as long as both party accepts and use it. In terms of market, the online shop that we know, is not the only shops that accept bitcoin. No criminal will make their illicit doings seen by public. In short, they do it carefully, and bitcoin is a nice accessory to do it.

An illegal person will use his/her money illegally. If a person is against government's law by his nature then the form of currency does not matter whether it is bitcoin currency or it is dollar etc. the matter is that how a person wants to use his/her money.

Basically I do not have any wonder on bitcoin is being used for illegal currency because its human nature to use any new technology for his inner thoughts like sex or money.

[YuginKadoya]

i think we can not use bitcoin for illegal activity because bitcoin is very modern currency and there is modern people who are using bitcoin just for legal activity and we can use bitcoin for online and no one can selling their illegal product for bitcoin.

Sure? bitcoin as mentioned so many times in here, it is money, and therefore can be used in any transaction, as long as both party accepts and use it. In terms of market, the online shop that we know, is not the only shops that accept bitcoin. No criminal will make their illicit doings seen by public. In short, they do it carefully, and bitcoin is a nice accessory to do it.

An illegal person will use his/her money illegally. If a person is against government's law by his nature then the form of currency does not matter whether it is bitcoin currency or it is dollar etc. the matter is that how a person wants to use his/her money.

Basically I do not have any wonder on bitcoin is being used for illegal currency because its human nature to use any new technology for his inner thoughts like sex or money.

That's right. human are greedy and always curious of everything and breaking the rules is human's nature. it doesn't matter which currency they were using all is the same and can be misused especially if the currency were like bitcoin which can be obtained easily, has a good value, and easily sent to people. not surprising at all if bitcoin is vulnerable to such thing

Well if other currencies could be as convenient like bitcoin I think dollar would still be a hit online too but as solid as it is fiat money do not have something that bitcoin has to offer that is why many people are switching with bitcoin and making their bitcoin wallet as a bank for some other people and if the value is rising sky rocket there would be a thing to improve their save money because of the exchange rates!

[Feltex]

i first known about bitcoin was from a friend who said that it was used on the black market to buy drugs and other illegal stuff