Dark use of Bitcoin

[Northeast Jobs]

Don't buy illegal things over internet. Sooner or later you may end up at jail.

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[hen cet]

If people are rational then they know that this statement is dumb. I mean we all know that even before bitcoin existed,  fiat getting used for evil purposes has been going on until today. And I've read somewhere that only 1% of btc are really used for illegal things or crimes.

Currency is used for payments or investments, both digital and fiat. If anyone believes that bitcoin is used for illegal transactions, it is another part of the currency.
That is, whatever type of currency is always used for good and evil because transactions cannot be monitored by anyone. So if anyone thinks bitcoin is used for illegal purposes, I don't agree.

[olliecrypto]

in my youth i bought illegal things with cash.
in my old age, i've had people pay for magic: the gathering cards in bitcoin.
age tempers us all i suppose.
the news is full of stories of people laundering money with btc, or people buying guns and drugs with bitcoin, but most people i know from that old life are entirely too stupid to handle btc, so it seems like demonizing cryptocurrency is just a return to the 90's and their movies about how hackers would end up launching nukes during a hack gone wrong.

[BeGoods]

If people are rational then they know that this statement is dumb. I mean we all know that even before bitcoin existed,  fiat getting used for evil purposes has been going on until today. And I've read somewhere that only 1% of btc are really used for illegal things or crimes.

Currency is used for payments or investments, both digital and fiat. If anyone believes that bitcoin is used for illegal transactions, it is another part of the currency.
That is, whatever type of currency is always used for good and evil because transactions cannot be monitored by anyone. So if anyone thinks bitcoin is used for illegal purposes, I don't agree.

Moreover all currencies are used for that, we all know that? so it's a stop judge that only bitcoins do illegal transactions and call dark use of bitcoin, all currencies have dark use? and we can't prevent them from using bitcoin for negative things..

[eaLiTy]

If people are rational then they know that this statement is dumb. I mean we all know that even before bitcoin existed,  fiat getting used for evil purposes has been going on until today. And I've read somewhere that only 1% of btc are really used for illegal things or crimes.

Let analysis the facts here, no one in the world has no clue how much fiat currency is used to illegal activities, might be more than a trillion dollars and it cannot be tracked but that is not the case with bitcoin, each and every transaction are edged in history and anyone can monitor every transactions made and if bitcoin is used for illegal transaction, it is like documenting your crime for everyone to see and the criminal end up facing jail time for his bravery.

[coin-investor]

1) Are you used Bitcoin to buy illegal staff

2) which better to buy legal things  Bitcoin or Normal Bank system (PP,payeer,cash ,.............)

I do not frequent the dark web so I am not buying any illegal stuff because I am not into anything illegal being a law abiding citizen, I do buy stuff on a legal online store, but unfortunately, some of them do not offer Bitcoin transaction yet, but soon they are going to be, because cryptocurrency is the payment processor of the future.

[Jan_Vl]

Don't buy illegal things over internet. Sooner or later you may end up at jail.

I agree that it's too dangerous to do illegal things through the Internet, but you can also be easily caught outside

[imstillthebest]

Don't buy illegal things over internet. Sooner or later you may end up at jail.

I agree that it's too dangerous to do illegal things through the Internet, but you can also be easily caught outside

Yes thats true . Its easy to be caught outside than being online because in the online world there are tools that we can use to mask our real identity . We can use proxies or vpns and we can use fake names , fake infos and voila , authorities will now have a hard time to detect you . Not just bitcoin but almost any cryptos can be used for dark markets and other dark uses since cryptos are a bit anonymous compare to other centralized online payments 

[yohananaomi]

Don't buy illegal things over internet. Sooner or later you may end up at jail.

I agree that it's too dangerous to do illegal things through the Internet, but you can also be easily caught outside

The name fraud is clearly ilegal, at least what has been done violates the rules humanely and has violated state rules. Every clear illegal action even though it is not detected at this time, surely one day it will also be revealed to the surface. nothing is eternal from illegal actions.

[Argoo]

Independent studies were conducted in the US and Europe and they confirmed that bitcoin is used for illegal purposes in less than ten percent of cases. Bitcoin criminals hardly use it because of its relative anonymity only. For illegal purposes, cryptocurrency with a higher level of anonymity is used - these are coins monero, dash and others.

[veleten]

Don't buy illegal things over internet. Sooner or later you may end up at jail.

I agree that it's too dangerous to do illegal things through the Internet, but you can also be easily caught outside

it is equally dangerous to do illegal things on the web or in real life
internet gives a false sense of anonymity , when in reality your identity is traceable if really needed
but you won't necessarily end up in jail , the agencies who have the ability and resources to trace the illegal deals
won't bother with petty crimes , same as in the outside world - the rules of the game are the same

[goaldigger]

Don't buy illegal things over internet. Sooner or later you may end up at jail.

Done. End of discussion.

If you know that the things you buy are illegal, take a step back immediately. I know many of those illegal things can be bought online via dark web easily and can even deliver straight to your house. A transaction or two can escape but sooner it will end in jail or huge fees and charges.

[ahiaba.john@yahoo.com]

1. I used my bitcoin to buy legal things because I have nothing to do with illegal thing but i don't know of others. Remember no one can stop you to spend your bitcoin for anything whether legal or illegal.
2. Use any of them to secure what ever services you want since your bitcoin or you money in the bank belong to you alone.

[jdarren]

Not wise whatsoever esp now there are advanced technology solutions like Ciphertrace who specialize in BTC forensics

[bryant.coleman]

Independent studies were conducted in the US and Europe and they confirmed that bitcoin is used for illegal purposes in less than ten percent of cases. Bitcoin criminals hardly use it because of its relative anonymity only. For illegal purposes, cryptocurrency with a higher level of anonymity is used - these are coins monero, dash and others.

Can you give me the source? I believe that 10% is way too high.

Recently, there was a study by the Massachusetts Institute of Technology (MIT) and the IBM Watson AI Lab on the dark use of Bitcoin. Their conclusion was that less than 2% of all the transactions were "illicit" (which includes dark market transactions). Also recently, there was another study by Chainalysis. Their figures were even lower. Chainalysis claimed that less than 1% of all the Bitcoin transactions were illicit.

We can't deny the fact that a small part of the Bitcoin transactions are linked to illegal and illicit business. But the good news is that the proportion of such transactions are going down with every passing year.

[rmilly]

This was an interesting point found by Ciphertrace regarding BTC and dark use:

“The results show that privacy coins are barely used in dark markets and at dark vendor sites (e.g. only 4% of instances involve Monero (XMR). Instead, Bitcoin remains the coin of the realm in this shady world, with BTC used in 76% of dark market cases and ETC used in only 7% of instances.”


https://cointelegraph.com/news/cyber-criminals-netted-43b-from-crypto-related-crime-in-2019-study

[Finestream]

Not wise whatsoever esp now there are advanced technology solutions like Ciphertrace who specialize in BTC forensics

I agree with you, there is a big changes in the market now, the anti money laundering council are already aware of the possibility of laundering money using bitcoin and since most of the exchanges now are regulated, it will be hard for people to use bitcoin for their illegal activities, otherwise they will easily be trace.

I think since we have a lot of privacy coin now, that should be use for as a better option compared to BTC.

Moreover, even mixers nowadays has been shut down already, that's how powerful and strong the government is when it comes to implementation.

[stadus]

Moreover, even mixers nowadays has been shut down already, that's how powerful and strong the government is when it comes to implementation.

Not all mixers, there are still mixers that are operating but the way I see it, mixers are more use on illegal activities than using it for privacy purpose.
I believe, government does not like mixers because they it's against the anti money laundering law, and based on what I observed, the government are requiring every business involve in handling cash transactions to impose KYC requirement to the site, mixers does not as it will defeat its purpose.

[Kemarit]

Moreover, even mixers nowadays has been shut down already, that's how powerful and strong the government is when it comes to implementation.

Not all mixers, there are still mixers that are operating but the way I see it, mixers are more use on illegal activities than using it for privacy purpose.
I believe, government does not like mixers because they it's against the anti money laundering law, and based on what I observed, the government are requiring every business involve in handling cash transactions to impose KYC requirement to the site, mixers does not as it will defeat its purpose.

We have seen two mixing services closing in a span of about a week in May if I'm not mistaken. So definitely authorities are already knocking on the door of mixing services still standing today. So it's going to be a cat and mouse game for tumbling operators, other might cave in and just shut down because of too much pressures from the government. And for those we wish to stand and fight, then it's going to be a uphill battle for them.

[Finestream]

Moreover, even mixers nowadays has been shut down already, that's how powerful and strong the government is when it comes to implementation.

Not all mixers, there are still mixers that are operating but the way I see it, mixers are more use on illegal activities than using it for privacy purpose.
I believe, government does not like mixers because they it's against the anti money laundering law, and based on what I observed, the government are requiring every business involve in handling cash transactions to impose KYC requirement to the site, mixers does not as it will defeat its purpose.

We have seen two mixing services closing in a span of about a week in May if I'm not mistaken. So definitely authorities are already knocking on the door of mixing services still standing today. So it's going to be a cat and mouse game for tumbling operators, other might cave in and just shut down because of too much pressures from the government. And for those we wish to stand and fight, then it's going to be a uphill battle for them.

I don't know the exact number, but I think there's a lot of mixing service in the space but we only know few since most of them does not have an exposure in this forum. The two mixers that you are talking are the bestmixer and Bitblender but maybe they can still run their business with different names since this business are not registered and regulated by the government.

Also https://chipmixer.com/ is not anymore accessible in normal web browser like google, I hope they'll not be the next.