cryptojani
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April 26, 2018, 11:00:07 AM |
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Adding to that , Kyc should be made necessary, 2FA involving a verified account followed by Exchanges will further relaxation to the system
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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threegods
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April 26, 2018, 11:03:50 AM |
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This is one of the disadvantage of bitcoin that's why some country ban using bitcoin. Since we can transact/buy things anonymously if someone buy drugs online, its hard to find the person involve in illegal activities like selling drugs.
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TheSpark
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April 26, 2018, 11:06:08 AM |
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All these things doesn't mean bitcoin is illegal because even paper money is being used for criminal and many illegal trades so this situation not problem for bitcoin
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lekleklek
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April 26, 2018, 11:08:35 AM |
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What is currently used most often for darknet transaction -- bitcoin or monero? Are any other privacy coins commonly used?
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rc411
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April 26, 2018, 11:14:27 AM |
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We can't control how people would use their money. Same with how owners would use their bitcoins. But, I hope that in the future, a technology that can stop these kind of things be discovered or invented. It's not that impossible now a days.
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Flayme
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April 26, 2018, 11:17:12 AM |
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Everyone of us has its own way of thinking... We cant predict what people are thinking now... We cant do anything about this... There a lots of people who are trying to take advantage the uses of bitcoin... Some are earning, trading, investing and selling here just to have a profit legally but some are just uaing it for their own motives... We cant didn't know who is the person who are doing it today.... Maybw this person are those who want to pull bitcoin down thats why they are using it as their tactics... It is just an opinion...
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cryptojani
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April 26, 2018, 11:56:16 AM |
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This very new Decentralised app i came accross on play Store - Argo Wallet , claims to be the only wallet out there to use 4FA, I think more people are coming up with new Ideas and Innovation. |
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Athenakim.22
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April 26, 2018, 12:05:16 PM |
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Bitcoin can be use for illegal activity since we cannot track those bitcoin user whos involve in any illegal activity, and that makes one disadvantages of Bitcoin, but since fiat money has been used illegally so i think it will not be a problem for bitcoin, after all bitcoin platform is not perfect.
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cryptojani
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April 26, 2018, 12:24:55 PM |
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We certailnly cant control things going around. But every problem has a viable solution been there or being developed. Soon we wll come over these cases
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Blackmet
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April 26, 2018, 12:25:19 PM |
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Bitcoin is the most popular currency in darknet at my opinion. It's very hard to track any cryptocurrency but bitcoin is the best because of high price, drugs isn't cheap for example. At my opinion people should understand that bitcoins like an any currency would be used for illegal acitvities.
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load1ng
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April 26, 2018, 01:32:25 PM |
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That is what many Governments feared, bitcoin can be used for illegal activities such as selling illegal drugs, weapons, etc.
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BlackRacerX
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April 26, 2018, 01:53:39 PM |
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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 think it is prevalent that bitcoins can be used in crimes such as drug dealing. But people who buy into this kind of stigma usually aren't the ones who do not truly knows what bitcoins are and what it can do on the lives humans living today. Eventually, the stigma will disolve along with these unbelievers. |
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renggileh
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April 26, 2018, 01:59:49 PM |
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Yeah, it's not new in our world. other people used bitcoin to scam somebody withou any hesitation. As long as they are earning from the money of other they don't care. So dont be shock in our world.
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Ramtapsbtc
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April 26, 2018, 02:02:53 PM |
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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 a good system and a breakthrough of technology. This is helping a lot of people today and increase the countries economic growth. Some are dependent in it. I hope and pray that this will not be use for any illegal matters because many people will be affected. |
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Elrozaq
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April 26, 2018, 02:08:07 PM |
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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.
it is possible, because bitcoin is secure. I think illegal activity can happen any where. Its my opinion. |
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nani culi
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April 26, 2018, 02:16:23 PM |
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Bitcoins are used not only for illegal activities. And most illegal purchases are made for traditional money. The sounded reason is simply an excuse for prohibiting cryptocurrency
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Genamant
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Trphy.io
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April 26, 2018, 02:21:50 PM |
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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.
This is nothing new. Criminals always look for new ways to evade the government and here comes a new technology that makes you semi invisible to a government that is trying to arrest you. So it is a no brainer that criminals use bitcoin to launder money. So some form of regulation is needed to protect the government from that |
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tera do
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April 26, 2018, 02:25:28 PM |
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It is not the human body of bitcoin, but this man is a drug dealer from the point of view of the root of the problem
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joselitobayagbag
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Augmented Reality World Discovered
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April 26, 2018, 02:25:44 PM |
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This is the only downside if bitcoin and cryptocurrencies,because those criminals can liquidate their money using these currencies,and they wont get caught that is why the federal government is prohibiting these currencies ,because it is much easier for these people to get what they want,to buy illegal things and to do anything that is violating the the laws.
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GeniusAko
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April 26, 2018, 02:31:43 PM |
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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.
The reason why some goverments are banning bitcoins is because they knoe that there are people who are using virtual currency in a bad way. We must not let other people to use bitcoin in illegal activities. |
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