Bitcoin on Drug Trade

[lonelygrimm]

Yeah i agree with you

Even before popular like now, bitcoin was a daily use for drug user, and now it's spread everywhere, of course big criminals will join too. Like young politcians who know tech update will use this chance to corrupt some gov money, who can trace them ? or some investors for terrorists ?

REMEMBER !!!
not only bitcoin, but all cryptocoins have a same possibility to use for bad things now.

[1715185408]

1715185408

[1715185408]

1715185408

[mothergodness]

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",)

I think that it was worth expecting. Much to our regret the problem of drugs in any case sooner or later would have touched bitcoin.

[lahje]

this is how i got into bitcoin bought some weed with 15 btc, no regrets (that was around 2012-2013). we dont rly know anything about satoshi, he could be some CIA person IRL or drug cartle boss or... CIA does the most of drug deals worldwide so...

[Michhotdog]

Any currency and even gold can be used when trading in narcotics. Unfortunately, nothing can be done about this since they are of great value and are used for calculations.

[Sithara007]

Any currency and even gold can be used when trading in narcotics. Unfortunately, nothing can be done about this since they are of great value and are used for calculations.

Most of the time, it is physical cash which is the medium of payment for drugs. Because physical cash is more anonymous than Bitcoins. EUR 500 banknotes are the preferred medium of drugs payment in the European Union. And that is the reason why the law enforcement authorities want the governments to ban high denomination banknotes.

[Alpha0One1]

Immaterial at all. FIAT is used for illegal transactions even prior to bitcoin being invented.

Since bitcoin/alts are sort of a currency, then it will be used for illegal transactions as well.

[Vika0170]

I do not think that using bitcoin when selling drugs is safer than cash when meeting. The bitcoin transaction can be tracked on the Internet, but the transfer of cash in the suitcase will be much more difficult to track.

[Zeeks]

With all darkmarkets disappearing, I think it's safe to say some anon coin will step up and take over the drug trade.

[joebrook]

Immaterial at all. FIAT is used for illegal transactions even prior to bitcoin being invented.

Since bitcoin/alts are sort of a currency, then it will be used for illegal transactions as well.

That's absolutely true, you can't blame bitcoin for the surge in drug trade, Its just that now its far easier to launder money with bitcoin than laundering the actual cash but still people do launder money even without bitcoins. Even when bitcoins is gone they are still going to do it.

[CrownPolly]

Immaterial at all. FIAT is used for illegal transactions even prior to bitcoin being invented.

Since bitcoin/alts are sort of a currency, then it will be used for illegal transactions as well.

That's absolutely true, you can't blame bitcoin for the surge in drug trade, Its just that now its far easier to launder money with bitcoin than laundering the actual cash but still people do launder money even without bitcoins. Even when bitcoins is gone they are still going to do it.

Scammers will always find a way to launder money or anonymously sell drugs. And it does not matter what they will use - crypto currency or cash.
Currency - it's just an instrument

[gabmen]

Immaterial at all. FIAT is used for illegal transactions even prior to bitcoin being invented.

Since bitcoin/alts are sort of a currency, then it will be used for illegal transactions as well.

That's absolutely true, you can't blame bitcoin for the surge in drug trade, Its just that now its far easier to launder money with bitcoin than laundering the actual cash but still people do launder money even without bitcoins. Even when bitcoins is gone they are still going to do it.

Scammers will always find a way to launder money or anonymously sell drugs. And it does not matter what they will use - crypto currency or cash.
Currency - it's just an instrument

Well you're and it's a more convenient way for these people to do their trades which is quite sad. As much as bitcoin can better the lives of proper living citizens ,it can also better transactions for illegal activities such as drug cartels and syndicates