Bitcoins for illegal activity

[Astermony]

the biggest advantage, and the only one everybody agrees on, is that bitcoin is decentralised and so extremely resistant to censorship. That has made it a haven for activities from cybercrime and drug trading to enabling international payments to closed economies and supporting radically off-grid living.

That's right , for me bitcoin can use in illegal activity because bitcoin is not that public, only you can know your account. It aslso accessible for illegal thingd. There many ways to use bitcoin in illegal but it is not right for morality.

[Telybin]

Due to the anonymity of bitcoin and uncontrolled crime, criminals can use this currency as a trading method. Hackers may be trying to attack multiple bitcoins to steal large amounts of money and money laundering can happen easily. Illegal activities happen easily.

[oracleongoodbye]

well of course there will always be the downside and the cons from everything, including bitcoin, it is true that some people use it for illegal activities, such as drugs, money laundering, or anything related to "mafia" world, but the thing is it should not bitcoin to be blamed, all these illegal activities is not because of bitcoin in the first place, bitcoin is a tool, it is the third party in any transaction, there will always be illegal activities and it is funny to single out bitcoin.

[aitrading]

I think it's people choice how they can use BTC. And we can't do anything with this.

[Kurokonobasuke]

From recent news in India it is heard that bitcoins are used to sell drugs..I know its a currency and it is also used as a normal money... but these can create a bad space in people's mind that bitcoins are used to sell drugs..so they will not use bitcoins... Conclusion is that BTC is also a currency which is having a high value in the market..and bitcoins must not be used in these illegal activity which can reduce its usage and value.

One of the reasons why government don't like bitcoin to be legal in their countries is because of this. It can be used to sell drugs and weapons online and buy from the black market as well as child trafficking. It can also be used to kill someone without noticing the government.

[aryani]

indeed bitcoin should not be used for illegal activity, because it will adversely affect people's assessment of bitcoin and may affect the price of bitcoin. but the reality is that certain parties take the opportunity through bitcoin as their illegal activities such as money laundering, gambling, and some even as a terrorist activity. for that I hope bitcoin can keep people favored and have high selling value with good security so as not to be used for illegal activity

[torai]

In all adequate countries everything that isn't forbidden is permitted, so if there is no law that forbids any kind of BTC use in your country, then any activities with BTC are legal.

[reverseflash]

Drugs are bought for dollars, but nobody calls dollar currency for illegal operations.

[gjtnwls1]

These kind of events happened before. It wasn't the first time. I guess that people who really hate bitcoin is because of black market is using bitcoin. Also some people thinks that this is gamble. I hope we can change people's mind that this is not only coin, there is great technology behind.

[ajoygb]

People are the one destroying the name of bitcoin because they use it for scamming people instead of ising them to help peopleiuj

[De Suga09]

From recent news in India it is heard that bitcoins are used to sell drugs..I know its a currency and it is also used as a normal money... but these can create a bad space in people's mind that bitcoins are used to sell drugs..so they will not use bitcoins... Conclusion is that BTC is also a currency which is having a high value in the market..and bitcoins must not be used in these illegal activity which can reduce its usage and value.

Originally, bitcoin’s aim is to provide people an option in paying, selling and buying products online with an easier access to it so its main goal is for the good of the people. However some of the people are taking too much advantage of its uncontrolled and decentralized property to use it in illegal transactions. Yes it would be bad for the image of bitcoin and we must immediately stop any illegal transactions if we know one.

[BitcoinPanther]

I think it is unfair to single out Bitcoin on any illegal activity.  Some people use fiat currency, some use gold, some diamond and some even human organs (as unthinkable as it may sound).

But that is the truth.  And if anyone contest on people using more of bitcoin, then i strongly disagree the more.

With majority of bitcoin spread through out the globe in small numbers and only few holding the big ones, i doubt bitcoin is being used for widespread anomalies.

It would definitely difficult to pinpoint bitcoin to be the culprit currency alone.  It might have contributed but definitely not the sole reason so to say.

[ABIR HASAN]

I not know why bitcoin illegal. But my country announce bitcoin illegal. Than some people buy and sell drugs or other any illegal activities using in bitcoin.

[HiringYou]

Basically it depends upon how an indivisual use bitcoin.Bitcoin act as a mean for buying and selling products online but nowdays many people are using it for illegal means.People are buying drugs and weapons with the help of bitcoin.Bitcoin has no central authority to control it so people are taking wrong advantage of this thing.So we can say that bitcoin is not illegal but people using it for dangerous and illegal things makes it illegal.Due it this reason many countries are banning it.We should value the opportunities which bitcoin has given us.Use it for legal activities and avail maximum profit from it.

[cryptoblue]

Bitcoin has been used for illegal activities for some time. It is not the fault of bitcoin. Anti-social elements have been using bitcoin for their own benefit.

[Nyenyepogi]

From recent news in India it is heard that bitcoins are used to sell drugs..I know its a currency and it is also used as a normal money... but these can create a bad space in people's mind that bitcoins are used to sell drugs..so they will not use bitcoins... Conclusion is that BTC is also a currency which is having a high value in the market..and bitcoins must not be used in these illegal activity which can reduce its usage and value.

Bitcoin is really useful and prioritized by all of us in this world. But the thing happened. Those people who do illegal thing about bitcoin is not good lots of us will suffer. If the governments banned some countries who do illegally .And by the end they see regretion.

[markgayamo]

Some people are using Bitcoins as their illegal actions like scamming and gambling activity but, mostly they trade and mining Bitcoins just to get more profit and invest it in some other ICO. Illegal using of Bitcoin is for the people that wanted to get rich easily and to make it fast. In some other countries they banned Bitcoins because of this illegal actions or activities like scamming people when investing a lot of money.

[Aztek]

From recent news in India it is heard that bitcoins are used to sell drugs..I know its a currency and it is also used as a normal money... but these can create a bad space in people's mind that bitcoins are used to sell drugs..so they will not use bitcoins... Conclusion is that BTC is also a currency which is having a high value in the market..and bitcoins must not be used in these illegal activity which can reduce its usage and value.

I heard a lot about this topic bitcoins for illegal activities I think there are really people who takes advantage the use of btc because no one can know your transaction happening in the bitcoin and it is very convenient to use their transaction will be hidden in the online world and because of this many users are affected if somethings happen the bitcoin in their country may be banned.

[pri3oner]

People gotta understand that illegal business always has the ways to get money and use money for its profit. So my point of view is that no one should blame crypto for dirty money. But it's sad anyway...

[Tenderino]

Wait a moment, according to your explanation and logic, fiat money is used to sell drugs and commit crminal offenses! And people will not use it because it is used to sell drugs and commit criminal offenses? You are totally wrong here, because people use something if they are either forced by law (national currency) or if they see a benefit of using something like crypto currencies. They do not care if others use it for criminal offenses.