Bitcoin on Drug Trade

[joebrook]

It had been used for years now but not until recently it became famous. Here in the Philippines, you can buy bulks and kilos of drugs without the risk of being caught by using crypto currencies or other third party payment apps like paypal or exchange sites.

The advantage with the dark markets is that they are quite anonymous and safe. You don't have to go to the street, in order to get your daily dosage of weed. But at the same time, this method is not 100% risk-free. Occasionally, cops trace the buyer using the delivery address.

Drugs is regarded as the less vices when it comes to commodities that uses bitcoins for transaction, I have always said that terrorism sponsoring is the most dangerous thing when people uses bitcoins to finance such groups and due to its high anonymity, there is nothing that can be done to stop this thing

[Noctis Connor]

Yes bitcoin now are related to drug trade in dark market they using bitcoin as payment method to pay those drugs that will delivered or ship into their house door to door or by meet ups bitcoins can be safe because you don't know what exactly items you buy because its completely anonymous

[Sithara007]

It had been used for years now but not until recently it became famous. Here in the Philippines, you can buy bulks and kilos of drugs without the risk of being caught by using crypto currencies or other third party payment apps like paypal or exchange sites.

The advantage with the dark markets is that they are quite anonymous and safe. You don't have to go to the street, in order to get your daily dosage of weed. But at the same time, this method is not 100% risk-free. Occasionally, cops trace the buyer using the delivery address.

Drugs is regarded as the less vices when it comes to commodities that uses bitcoins for transaction, I have always said that terrorism sponsoring is the most dangerous thing when people uses bitcoins to finance such groups and due to its high anonymity, there is nothing that can be done to stop this thing

I haven't heard about many instances in which Bitcoin was used to fund or sponsor terrorist attacks. Most of the terrorists use physical cash, because it is more anonymous when compared to Bitcoin.

[skinomanl]

Of course, like other currencies, it can be used for illegal operations, but bitcoin has an advantage because of its anonymity. Everyone decides for what purposes he should use the crypto currency.

[Psalms23]

Well, as long as it involves money that is so easy to get and not easily traced,  im sure drug cartels use it.  And not only drug trade,  maybe more.  Who knows what illegal businesses is using and exploiting cryptocurrencies in order to evade authorities.

[cherryganda]

this is not impossiblle but i hope this will never happen because og this many childrenn will be lost on their dreams..
many will be affected again angd much worse those criminal acts ..
thos rapist under the influence of drugs .. those murderer.. robbery that exist because of eagerness to have the money to support their  adddiction

[Wayan_Pedjeng]

One of the very first applications for Bitcoin was in the dark markets. Back in 2011 and 2012, very few sites other than the dark markets and gambling sites were accepting Bitcoin as a mode of payment.

[sukiho]

Well as my understandings cartel people are smart and the are adapt with technologies, new equipment, etc. So yes of course BTC is being use as currency exchange for drugs too.

[bcnaranjo]

I hope it will not be an instrument to harm people. Bitcoin is develop for a noble purpose. It is developed to help people and make things safer and easier, may it be used for that purpose.

[arpon11]

We can not be sure if drug cartels are using bitcoin for there elicit operation. We can speculate how bitcoin been using for by drug cartels. Bitcoin transaction is anonymous and you don't know how transactions were made across all the exchangers platforms.

[Xester]

We can not be sure if drug cartels are using bitcoin for there elicit operation. We can speculate how bitcoin been using for by drug cartels. Bitcoin transaction is anonymous and you don't know how transactions were made across all the exchangers platforms.

Bitcoin should be only use by people who are responsible to it. Drug trade is not a good habit that we should support but instead we should stop it. If bitcoin will use in drug trade, we are not sure if our money will be safe because we all know that drug users will do anything to get some money to buy drugs. Me, I don't like the idea that the bitcoin will use in a bad way because bitcoin users want to have a safe money.

[sibisi666]

I don't get it, like there was no drug/weapons trafficking before bitcoin ...That's nonsense, if someone wants to trade and pay on the illegal way, he will do it no matter cryptocurrencies.

[The_prodigy]

Since the cryptocurrencies, particularly the Bitcoin, has provided such a convenient way of trading and transacting basically anything, can we assume or speculate that it is now being used by some "elites" in the drug cartel? c",)

Yes. Of course it can be used for such a transaction as everything and anythig can be converted into evil depending on the purpose of the user. And with techinologies kaking life easier we can also safely assume that even illegal transactions are carried out the same way.

[Malsetid]

Yes we can assume and it's not unwise to consider that certainly bitcoin is being used for drug trades. I'm not sure how this can be regulated but crypto's nature is an advatage for people doing illegal transactions. I hope that one day there will be a time when we canndetermine whether a transaction is legal or not but that's not yet the case today

[olubams]

Since the cryptocurrencies, particularly the Bitcoin, has provided such a convenient way of trading and transacting basically anything, can we assume or speculate that it is now being used by some "elites" in the drug cartel? c",)

This is just like asking whether the people who engage in all his illicit affairs have not been carrying out their activities before bitcoin, or people have not been doing freelancing before bitcoin, these are fundament things that have been happening and if bitcoin serves as a currency it does not discrimate for users to use it. And if another currency comes out tomorrow and accepted then it will be used for all this purposes.

[FomoATH]

Of course, bitcoin can be used to drive drugs like any other currency. From this you can not go anywhere while there are drugs and there is a demand for their purchase.

[Sithara007]

Of course, bitcoin can be used to drive drugs like any other currency. From this you can not go anywhere while there are drugs and there is a demand for their purchase.

The demand will be there as long as the humanity exists in this planet. Look at countries such as Saudi Arabia and Singapore. In these countries, possessing even minute quantities of drugs can get you the death sentence. But even then, there are tens of thousands of drug addicts in these countries. It is a matter of luck. If you are lucky, then you avoid capture.

[carlisle1]

Yes we can assume and it's not unwise to consider that certainly bitcoin is being used for drug trades. I'm not sure how this can be regulated but crypto's nature is an advatage for people doing illegal transactions. I hope that one day there will be a time when we canndetermine whether a transaction is legal or not but that's not yet the case today

it will break the reason why bitcoin was created being decentralized is one of the unique features of bitcoin and like what you have said illegal doers
will take advantage of this system they will use the platform to transact and to cash out their money as clean as they can.

[mvidetto]

I am sure BTC can be related to any market sector and drug trade isn't an exception. If the price of a unit has been increasing so rapidly withing a really short time don't you think there might be special reasons. If crypto currency is initially decentralized why wouldn't "elite" authorities enjoy and use if for illegal transactions.

[Papsie]

I wish it will not come to that kind of scenario, that bitcoin will become related to drug transaction or drug trade. Do not ever think to used the money you earn here in the wrong way or in a illegal way. Do not over use this kind of opportunity given to us because no one knows when it will be gone. Just work legal and fair.