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Author Topic: Dark use of Bitcoin  (Read 23311 times)
buwaytress
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May 16, 2018, 09:22:16 AM
 #281

A large number of domestic media exposes many dark some illegal trading, including drugs, smuggling, trafficking, arms, money laundering, etc., you can think of any illegal trading, can be in the dark to find online plain code marks a price. Here, these grey economies have two modes of payment, the first one is bitcoin, the second payment method is a very important hard currency for illegal transactions, and that is the lego toy.

Domestic media where? US? China? Global media is equally guilty, but they are just feeding on misinformation. "Grey economies" have always been a lot more sophisticated than just providing two modes of payments, my friend. Some people might have experimented with Bitcoin in the past, but the most significant enforcement successed have been directly attributed to the use of Bitcoin - so anyone thinking they can use it to hide their tracks was and is severely mistaken.

Bitcoin's mistaken legacy with illegal use was always overblown, and proven at least since 2016 to be untrue. No one talks about how ETH is the preferred crypto for illegal use. No one will admit the USD has always been and will always be the choice currency for illegal use.

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Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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May 17, 2018, 05:38:04 PM
 #282

What a shame to avail bitcoin for illegal purposes. Well, we have our own rights to do whatever we think good and pleasing to our souls. But we should remember that we live once so why kill some lives of innocent? Everyone have its own family that we love. Much better to use bitcoin money to family than to use it for illegal uses.
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May 17, 2018, 07:17:17 PM
 #283

Do you really think that someone will confess here that they buy illegal things and services with crypto currencies? It is ridicules! 
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May 18, 2018, 06:59:41 AM
 #284

To use bitcoin for illegal uses is not the right thing to do even though everyone have its own rights to do what we want to however in every bad deeds have an equal law and justice.
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May 18, 2018, 11:22:34 PM
 #285

We can buy both legal and illegal stuff with Bitcoin. As we know Bitcoin is the decentralized form of curreny, Bitcoin is an international digital currency but it is still considered as “Money”. It is just a matter of who will going to use the money though and we all know the saying 'Money is the root of all evil' so meaning it is evil but if you use it in a good way then it is not.
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May 19, 2018, 10:10:17 PM
 #286

I hope people won't be so interested in the dark use of BTC soon.
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May 20, 2018, 01:01:40 PM
 #287

Those people that are still using bitcoin on the dark net are only going to get in prison sooner. When regulations are imposed everywhere in many countries, expect to authorities to do strict surveillance on these type of crimes to catch these people.
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May 20, 2018, 10:24:54 PM
 #288

Those people that are still using bitcoin on the dark net are only going to get in prison sooner. When regulations are imposed everywhere in many countries, expect to authorities to do strict surveillance on these type of crimes to catch these people.

Catching these people has never become easy. Black market already existed long before bitcoin exist. These people are even using fiat currency to sell or buy in every transactions made, but what happened? they continue to exist right? How much more when bitcoin was designed to be decentralized and anonymous, this could make them do business easily. Still, i dont find any difference between using fiat currency or bitcoin in black market because either way it could be difficult to track these people down.

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May 21, 2018, 10:09:29 AM
 #289

You can use bitcoin as you use the currency of your country. It may be legal or illegal. It depends on your honesty.
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May 22, 2018, 07:50:08 AM
 #290

I don't think that it would be wise to purchase anything illegal for bitcoin. Especially if these specific illegal businesses can potentially steal all your BTC/ETH

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May 23, 2018, 07:39:53 AM
 #291

1) Are you used Bitcoin to buy illegal staff Huh

2) which better to buy legal things  Bitcoin or Normal Bank system (PP,payeer,cash ,.............)
I personally use Bitcoin, not for negative things as you say. I use Bitcoin for positive things like making Bitcoin my investment asset as well as my daily work. I could not possibly use Bitcoin to do such a thing that would eventually destroy Bitcoin.
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May 29, 2018, 10:34:25 AM
 #292

1) Are you used Bitcoin to buy illegal staff Huh

2) which better to buy legal things  Bitcoin or Normal Bank system (PP,payeer,cash ,.............)
Every work is created for good. Many people use it in a bad way. Some people accept it in different ways. But the work is not bad at all. Bitcoin is a good project too. But there are some unscrupulous people who use Bitcoin at the worst side. Many of them think Bitcoin is bad because of them. I think there is nothing bad in it. This is an investment project. So I think it is best not to believe in these words.
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June 01, 2018, 08:30:49 AM
 #293

1) Are you used Bitcoin to buy illegal staff Huh

2) which better to buy legal things  Bitcoin or Normal Bank system (PP,payeer,cash ,.............)
We can trade anything with a money. May it be good or bad things. And this can be in a form of fiat or bitcoin. So everything depends on the "values" of the owner. And I never intend to use my earnings for illegal
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June 05, 2018, 09:40:05 AM
 #294

1) Are you used Bitcoin to buy illegal staff Huh

2) which better to buy legal things  Bitcoin or Normal Bank system (PP,payeer,cash ,.............)
We can trade anything with a money. May it be good or bad things. And this can be in a form of fiat or bitcoin. So everything depends on the "values" of the owner. And I never intend to use my earnings for illegal
Criminality existed long before Bitcoin and will continue to use new technologies to their advantage, write in the report. Bitkoin himself has little to do with this.
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June 05, 2018, 09:59:29 AM
 #295

Using bitcoin to buy illegal things is so dangerous and the government can easily traced and penalized your wrong doing.
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June 05, 2018, 12:42:34 PM
 #296

1) Are you used Bitcoin to buy illegal staff Huh

2) which better to buy legal things  Bitcoin or Normal Bank system (PP,payeer,cash ,.............)
Bitcoin can be used to buy things electronically. In that sense, it’s like conventional dollars, euros, or yen, which are also traded digitally.However, bitcoin’s most important characteristic, and the thing that makes it different to conventional money, is that it is decentralized.
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June 06, 2018, 08:44:01 AM
 #297


Catching these people has never become easy. Black market already existed long before bitcoin exist. These people are even using fiat currency to sell or buy in every transactions made, but what happened? they continue to exist right? How much more when bitcoin was designed to be decentralized and anonymous, this could make them do business easily. Still, i dont find any difference between using fiat currency or bitcoin in black market because either way it could be difficult to track these people down.
There is and will always be used in illegal transaction somewhere in this world. We cannot easily stop them from doing these things as we are not holding their conscience. Bitcoin is anonymous and easy, which means its a favorite among criminals, that's the sure thing we can consider.
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June 17, 2018, 01:38:32 PM
 #298

1) Are you used Bitcoin to buy illegal staff Huh

2) which better to buy legal things  Bitcoin or Normal Bank system (PP,payeer,cash ,.............)
I haven't used Bitcoin to purchase any illegal stuff. To my good knowledge, everything I have used my Bitcoins for are legal except that my country has not officially declared Bitcoin a legal tender or not
To your second question, Bitcoin can be used for any from of transaction and so I think it can be used to buy things in the same way as the fiat is used.
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June 17, 2018, 07:10:19 PM
 #299

Dark markets exit everywhere and existed way before Bitcoin. Everything new is challenged with this issue whether is money, gold or whatever. But because Bitcoin and altcoins are based on decentralized systems its more attractive to money laundering is what many people think but dark markets have always existed and its just another pretext used to impose regulatory restrictions.

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June 17, 2018, 10:42:34 PM
 #300

Even paper money can be used to buy illegal stuffs, therefore, there is no doubt that bitcoin which is a digital currency would be used to buy illegal stuff, especially when transacting with bitcoin, the payment can not be traced.
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